#cpa aspirants

[fintramglobal001]

Your Path to CPA Success and Global MNC Careers

Are you aspiring to become a Certified Public Accountant (CPA) and land a dream job at a global multinational corporation (MNC)? Join us on September 30, 2023, from 2:00 PM to 3:00 PM for a free and enlightening CPA webinar that will guide you on your path to achieving your CPA dreams and standing out in the eyes of global MNC recruiters. Don't miss this opportunity to chart your path to becoming a CPA and securing a coveted position with a global MNC. Register now to reserve your spot at this informative and inspirational webinar on September 30, 2023, from 2:00 PM to 3:00 PM. Your CPA dreams are within reach, and we're here to help you achieve them!

[exitrowiron]

My DEI Experience

The very public cancelations of DEI programs got me thinking about my experience as the Executive Sponsor of a DEI program at a major global software company a few years ago.

There were several DEI groups (ex. LGBTQ, Pan-Asians, Blacks, etc.) and I was sponsor for the Black group. It was an enlightening experience for me and I'm proud that I helped many members secure interviews for internal positions and several were promoted.

My company's DEI program didn't have any hiring quotas, instead it was more of a networking and training opportunity for DEI members to share their experiences, learn some new skills and get exposure to sr. executives and hopefully secure the executive's support and encouragement.

As the sponsor of the DEI program, I couldn't help but acknowledge the advantages I'd enjoyed throughout my career as a tall white-guy, with similar tall white-guy professionals as family members. When graduating from Indiana University in 1989, I went to work at Price Waterhouse in St. Louis, the same office my Dad worked at when he graduated from college 25 years prior. I met all the hiring criteria (GPA, interviews etc.) and passed the CPA exam, etc. so the decision to hire me wasn't a favor to my Dad, but it certainly didn't hurt that a few of the partners knew my name and if nothing else, I didn't have imposter syndrome. My Dad had done this job and nearly everyone else doing the job looked like me as did almost everyone in sr. mgt.

My second job was with a company that employed my father-in-law. I don't think that influenced the decision to hire me, but it certainly didn't hurt. At this second company I entered the industry where I spent my career, much of it working for a guy who had attended my wedding as a guest of my in-laws. I'm confident that any of my colleagues would agree that I excelled in my various roles, but having those initial personal connections didn't hurt and there were other candidates and colleagues without the benefit of my network by birth and marriage. Through it all, I recognize that I looked like the hiring manager and the last person to have the job I was seeking.

One of the most enriching aspects of my DEI experience was gaining an understanding of how being a minority introduces an entirely new suite of uncertainties. On the rare occasion I received a less than stellar performance review or was passed over for a promotion, I never considered that my race/gender/sexual orientation might be the reason. But the conversations with my DEI colleagues confirmed that this is ALWAYS in the back of their mind, especially working for an overwhelmingly white company. Every colleague could cite examples of overt, incontrovertible racism they'd experienced (not necessarily at the company) which had made them question whether quiet racism was influencing their experience at our company. For example, was their supervisor just generally a jerk, or was the supervisor especially unpleasant to the employee because of her race, gender, etc.? If you've been on the receiving end of maltreatment, it can be difficult to be objective.

My role as the DEI sponsor was pretty straightforward. I did basic things like help critique resumes and provide interview coaching. I encouraged the candidates to overcome their imposter syndrome and apply for aspirational positions. Most importantly, I tried to be the networking resource they lacked. I sent notes and arranged brief phone calls with hiring managers to introduce the candidate. I was very careful not to inadvertently pressure the hiring manager (I know that just receiving an email from me created anxiety). I simply asked that the hiring manager/interviewer give the candidate an interview. I'm proud that my DEI group experienced above-average promotion velocity in the company.

Americans love to celebrate the 'pull yourself up by your bootstraps' story and white males especially want to believe that they are self made men. DEI programs can be challenging for guys like me because it can cause introspection which is humbling. It requires a person to acknowledge that maybe, just maybe you had some help along the way or at a minimum, you didn't face the external and internal obstacles of other candidates who may have been just as smart and capable. It is humbling to admit that at the very least, you benefitted from the fact that you looked like the last person who did the job; that's why I think white males are so intent on dismantling DEI programs.

[lei-anna]

A Day in a Life as an Accountancy Student

I am thoroughly enjoying my journey as a Bachelor of Science In Accountancy (BSA). This course has not only challenged me but also deepened my love for accountancy. I feel a sense of fulfillment knowing that this path is leading me toward my ultimate goal of becoming a CPA . This course is preparing me for the professional world because it is shaping my analytical and problem solving skills. I feel confident that I'm on the right path because this course is helping me grow into the person I aspire to be.

[maths-screaming]

[swears]

(Maths - No Problem, Textbook 3A)

So far, I've been annoyed that my primary math education:

deprived us all of concrete and pictorial representations extremely early,

withheld alternative means of doing problems,

neglected to teach us simple methods of doing proofs that would have both built our number sense and taught us ways to check our work meaningfully,

expressly prohibited us from using methods that relied on number patterns and relationships in favor of brute force rote memorization of disconnected nonsense, and

blamed the student's "laziness" or "poor parenting" or "being a girl" or whatever other excuse was convenient when students lacked neurotypical-grade number sense.

Today, I am annoyed because I would probably have really enjoyed algebra if it had been presented like the above.

I sucked at numbers, but I really enjoyed logic puzzles as a kid. I checked out every book of logic games our library had. I cleaned up in every game of Mastermind. When I took the LSAT, years later, I scored highest in the logic games section.

The logic games section of the LSAT is notoriously designed to make test-takers reconsider their decision to go to law school. CPAs and dentists only exist because the logic games section forces aspiring attorneys to embrace their fallback plans. Nobody scores highest on the LSAT in the logic games section.

I was today years old when I realized algebra is just logic games written in unnecessarily weird and dense (to me) notation.*

The downside? I'm screamy again.

The upside? If it's just logic games written in a weird language, I can figure it out. I'm good at logic games and languages.

Herein marks the first time in 42 years I have said the words "I can figure out algebra."

Thanks once again, cartoon children.

---

*I'm betting every math person in the world is going "actually it's very concise and useful notation, let me explain the many ways in which it is neither weird nor dense." I appreciate your passion, but I won't believe you until I can navigate it myself. Please feel free to recommend some good introductory materials in the comments.

[prettynics]

Envisioning my future hehe

As I look ahead seven years into the future, I imagine a life shaped by the experiences and aspirations that drive me today. At 25, I envision myself as a successful CPA, having made significant strides in my career. I see myself working in a dynamic environment, perhaps in a leadership role, where I can apply my expertise to solve complex financial challenges and contribute to meaningful projects. By this time I hope to have achieved a balance between my professional and personal life. I envision myself thriving in a role that not only challenges me but also allows me to make a positive impact on the businesses and individuals I work with. In terms of home life, I imagine creating a space that reflects both comfort and creativity. As someone who values indoor time, I envision a cozy, welcoming home where I can unwind and enjoy my favorite activities. My goal for the next 7 years is to build a life that aligns with my values and dreams, creating a future where I can thrive both personally and professionally. Bye yun lang hehe ang iba ay bahala na si batman :))

[bhakti512]

Mastering Internal Audit: A Comprehensive Guide for Aspiring Auditors

Internal auditing is one of the most sought-after skills in the corporate world. Whether you’re preparing for a career in auditing, improving your expertise, or simply exploring audit essentials, this guide will help you understand how to master internal auditing and succeed in your profession. Learn what internal audit is, why it’s important, and how you can excel in it with the right tools, techniques, and courses.

What is Internal Audit?

Internal audit involves evaluating a company’s internal controls, processes, and risk management practices. It ensures compliance with laws and regulations, identifies inefficiencies, and prevents fraud. Internal audits are crucial to maintaining a company’s operational and financial integrity, making it an essential skill for finance professionals and auditors.

Why is Internal Audit Important?

Internal auditing plays a critical role in ensuring business success and operational transparency. Here’s why:

1. Strengthens Internal Controls: Helps businesses identify weaknesses in their processes.

2. Ensures Compliance: Keeps companies aligned with legal and regulatory standards.

3. Reduces Risks: Identifies and mitigates operational, financial, and compliance risks.

4. Prevents Fraud: Detects vulnerabilities that could lead to financial irregularities.

5. Improves Efficiency: Offers actionable recommendations to streamline operations.

Whether you’re an aspiring auditor or an experienced professional, mastering internal audit is critical to adding value to organizations and building a successful career.

Top Skills Needed to Master Internal Audit

If you’re wondering how to get started or improve your internal auditing skills, here are the key areas you should focus on:

1. Analytical Skills: The ability to interpret data and identify patterns is a must.

2. Attention to Detail: Spotting errors, irregularities, and inefficiencies in processes is crucial.

3. Technical Proficiency: Familiarity with tools like Excel, SAP, IDEA, and audit software.

4. Understanding Audit Standards: Learn frameworks like IPPF (International Standards for Professional Practices of Internal Auditing).

5. Effective Communication: Clearly presenting findings and recommendations to stakeholders.

6. Problem-Solving Abilities: Offering actionable solutions to business issues.

How to Master Internal Audit (Step-by-Step Guide)

1. Understand the Basics of Internal Audit: Familiarize yourself with auditing standards, risk management, and compliance requirements.

2. Learn from Real-Life Audit Scenarios: Gain hands-on experience during internships, articleship, or on-the-job training.

3. Stay Updated on Industry Trends: Follow regulatory changes, best practices, and audit case studies to stay ahead.

4. Invest in Professional Training: Take practical audit courses to gain expertise and confidence.

5. Practice Risk Assessment Techniques: Focus on understanding how to identify, evaluate, and mitigate risks.

If you’re serious about excelling in internal audit, the Master Blaster of Internal Audit Course is a game-changer. This course is designed to help aspiring auditors and professionals build a solid foundation in internal auditing and improve their practical skills. You can also go through the website https://www.catusharmakkar.com/ for more content and informative courses.

Common Questions About Internal Auditing

1. How can I start a career in internal auditing?

• Start by understanding the fundamentals, gaining hands-on experience, and enrolling in specialized courses like the Master Blaster of Internal Audit Course.

2. What qualifications do I need for internal auditing?

• A degree in finance, accounting, or a professional qualification like CA, CPA, or CIA, combined with practical audit training.

3. How can I improve my internal audit skills?

• Stay updated with industry trends, use audit tools, and take professional courses to sharpen your skills.

Why Should You Choose Internal Audit as a Career?

Internal auditing is a rewarding profession with growing demand across industries. Here’s why it’s a great career choice:

1. High Demand for Auditors: Companies need internal auditors to manage risks and maintain compliance.

2. Diverse Opportunities: Work across industries like banking, manufacturing, IT, and healthcare.

3. Career Growth: Develop skills that can lead to roles in risk management, compliance, or even leadership positions.

4. Global Scope: Internal audit frameworks like IPPF are globally recognized, opening doors to international opportunities.

Conclusion

Mastering internal audit is essential for anyone looking to thrive in the field of auditing and compliance. By focusing on developing key skills, gaining practical experience, and enrolling in specialized courses like the Master Blaster of Internal Audit, you can unlock endless career opportunities and make a meaningful impact in any organization.

Start your journey today, and take the first step toward becoming a top-notch internal auditor. [Link to Master Blaster of Internal Audit Course]

[distilled-prose]

From Facebook - M. A. Rothman 9/26/24

If the English language made any sense, lackadaisical would have something to do with a shortage of flowers.

- Doug Larson

Writers don’t have lifestyles. They sit in little rooms and write.

- Norman Mailer

Learn to write. Never mind the damn statistics. If you like statistics, become a CPA.

- Jim Murray

The dubious privilege of a freelance writer is he’s given the freedom to starve anywhere.

- S.J. Perelman

Writing is easy. All you do is stare at a blank sheet of paper until drops of blood form on your forehead.

- Gene Fowler

If you can't annoy somebody, there's little point in writing.

- Kingsley Amis

Real seriousness in regard to writing is one of two absolute necessities. The other, unfortunately, is talent.

- Ernest Hemingway

Writing is so difficult that I often feel that writers, having had their hell on earth, will escape all punishment thereafter.

- Jessamyn West

I was sorry to hear my name mentioned as one of the great authors, because they have a sad habit of dying off. Chaucer is dead, so is Milton, so is Shakespeare, and I am not feeling very well myself.

- Mark Twain

All autobiographies are alibi-ographies.

- Clare Booth Luce

The art of writing is the art of applying the seat of the pants to the seat of the chair.

- Mary Heaton Vorse

The world is a hellish place, and bad writing is destroying the quality of our suffering.

- Tom Waits

The average Ph.D. thesis is nothing but a transference of bones from one graveyard to another.

- J. Frank Dobie

An autobiography usually reveals nothing bad about its writer except his memory.

- Franklin P. Jones

Long, hard slog today writing the Great American Tweet.

(That was it...what do you think? Pulitzer?)

- Greg Tamblyn

A bad review may spoil your breakfast, but you shouldn't allow it to spoil your lunch.

- Kingsley Amis

Unless a reviewer has the courage to give you unqualified praise, I say ignore the bastard.

- John Steinbeck

Asking a working writer what he thinks about critics is like asking a lamppost how it feels about dogs.

- Christopher Hampton

The only time I'll get good reviews is if I kill myself.

- Edward Albee

As far as I'm concerned, "whom" is a word that was invented to make everyone sound like a butler.

- Calvin Trillin

Listen up, Internet: there is no "h" in "wacky." Got that? THERE IS NO "H" IN "WACKY." Thank you.

- Dave Barry

Writing and travel broaden your ass if not your mind and I like to write standing up.

- Ernest Hemingway

About the most originality that any writer can hope to achieve honestly is to steal with good judgment.

- Josh Billings

Alimony is the curse of the writing class.

- Norman Mailer

Autobiography is an unrivaled vehicle for telling the truth about other people.

- Philip Guedalla

An autobiography is an obituary in serial form with the last installment missing.

- Quentin Crisp

Practically everybody in New York has half a mind to write a book, and does.

- Groucho Marx

Having been unpopular in high school is not just cause for book publications.

- Fran Lebowitz

Revising a story down to the bare essentials is always a little like murdering children, but it must be done.

- Stephen King

Never let a bad memory get in the way of a good memoir.

- Joanie Levenson

Everywhere I go I'm asked if I think the university stifles writers. My opinion is that they don't stifle enough of them. There's many a best-seller that could have been prevented by a good teacher.

- Flannery O’Connor

It's splendid to be a great writer, to put men into the frying pan of your imagination and make them pop like chestnuts.

- Gustave Flaubert

Writing is a socially acceptable form of getting naked in public.

- Paulo Coelho

All literature is gossip.

- Truman Capote

Your manuscript is both good and original; but the part that is good is not original, and the part that is original is not good.

- Dr. Samuel Johnson, to an aspiring writer

I can write better than anybody who can write faster, and I can write faster than anybody who can write better.

- A. J. Liebling

There's not much to be said about the period except that most writers don't reach it soon enough.

- William Zinsser

It took me fifteen years to discover I had no talent for writing, but I couldn't give it up because by that time I was too famous.

- Robert Benchley

When I was a little boy, they called me a liar, but now that I am a grown up they call me a writer.

- Isaac Bashevis Singer

Never, ever use repetitive redundancies. Don't use no double negatives. Proofread carefully to see if you any words out.

- William Safire

Only kings, presidents, editors, and people with tapeworms have the right to use the editorial "we."

- Mark Twain

Writing is like prostitution. First you do it for love, and then for a few close friends, and then for money.

- Ashish Chauhan ‏@4shish

Did you hear about the little boy who ended a sentence with 5 prepositions? He said, "What are you bringing that book that I don't want to be read to out of up for?"

Let me see if I can put it in words that even the inebriated might understand.

- Tom Robbins

When Thoreau wrote: "Simplify, simplify, simplify!" shouldn't he have edited it down to "Simplify!"?

- CrankyPappy ‏@CrankyPappy

He does not so much split his infinitives as disembowel them.

- Rebecca West

I am a writer. If I seem cold, it 's because I am surrounded by drafts.

- (Unknown Author)

How many writers does it take to screw in a lightbulb?

Six:

One to screw it in,

One to sharpen all the pencils in the house,

One to make more coffee,

One to call a friend to chat,

And one to complain that there's never time to do any writing.

Wait, that's only five — that's why they need editors.

[positivelybeastly]

I have two questions. In that screen cap with dazzler and hanks plunging neckline… is he intentionally cosplaying Luke Cage? For a reason?

Also during the “friend hang” with Bobby where he’s wearing purple… is he insinuating his mom also had aspirations of Bobby becoming an accountant?

"Pffft, no! Look, Power Man's great and all, but he doesn't have a monopoly on looking positively fine in yellow. Although . . . do you think I'd look good with a tiara? I think I'd look good with a tiara."

"And naaaah, mom wanted me to be a CPA, too. It was actually something me and Robert bonded over way back when we first met - the expectations of our parents vs. what we were probably going to end up being thanks to being mutants.

Although, even if I hadn't been a mutant, I like to think I'd have been something a little more worthy than just an accountant with my brain."

"Do I mean to imply that being an accountant isn't worthy?

. . . Yes. Yes I do~"

So, J.M. DeMatteis wrote both that issue of New Defenders where Hank and Bobby are talking about their parents wanting them to be CPAs, and this issue of Marvel Team-Up where Hank's dad says this line, so it's kind of a callback to this exchange.

This is the advantage of having the regular writer for your series write the character in their other appearances - not only do you get a consistent voice and characterisation, but you get to do neat little call backs like this!

I don't know if Edna really wanted Hank to be specifically an accountant or not, or if it's just a verbal shorthand for 'respectable, well paying job that symbolises normality' in the 80s, very much like becoming a doctor or lawyer nowadays.

[ajayblog12]

B.com vs BBA

Certainly! Let's delve deeper into the comparison between B.Com and BBA:

1. Core Subjects:

  B.Com: The curriculum typically revolves around core subjects like accounting, economics, finance, and business law. Students gain a comprehensive understanding of financial principles, taxation, auditing, and commercial laws.

 BBA: This program covers a wider spectrum of subjects including management principles, marketing, human resource management, organizational behavior, operations management, and business ethics. It offers a holistic view of various aspects of business administration.

2. Skill Development:

   B.Com: Emphasizes on analytical and numerical skills required for roles such as financial analysts, accountants, auditors, and tax consultants. It enhances proficiency in areas like financial reporting, analysis, and auditing techniques.

   BBA: Focuses on developing managerial and leadership skills necessary for supervisory and executive roles. Students learn strategic decision-making, communication, teamwork, problem-solving, and project management skills which are essential for managerial positions.

3. Career Trajectory:

   BCom: Graduates often pursue careers in accounting firms, financial institutions, banking sector, taxation departments, and corporate finance departments. They may work as accountants, auditors, tax consultants, financial analysts, or investment bankers.

   BBA: Opens up opportunities in various sectors including marketing, sales, human resources, operations, consulting, and entrepreneurship. Graduates can work as marketing managers, HR specialists, operations managers, business consultants, or start their own ventures.

4. Industry Focus:

   B.Com: Primarily caters to industries related to finance, accounting, banking, insurance, and taxation. It prepares students for roles in financial management, auditing, taxation, and corporate finance.

  BBA: Offers a broader perspective and is applicable across industries including retail, manufacturing, IT, healthcare, hospitality, and consulting. It equips students with versatile skills needed to navigate diverse business environments.

5. Further Education:

   B.Com: Provides a strong foundation for pursuing advanced degrees such as Master of Commerce (MCom), Chartered Accountancy (CA), Certified Public Accountant (CPA), or Master of Business Administration (MBA) with a specialization in finance or accounting.

  BBA: Acts as a stepping stone for postgraduate studies like MBA or specialized master's programs in areas such as marketing, human resources, operations management, or international business.

In summary, while B.Com focuses more on finance and commerce-related disciplines, BBA offers a broader understanding of business administration and management principles. Your choice should align with your interests, career aspirations, and the specific skills you aim to develop.

[bestaccountingfirmtoronto]

Hire the Best Accounting Firm Toronto on a Small Business Budget!

Chartered Professional Accountant

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At BBS Accounting CPA, our dedicated team is committed to furnishing you with exceptional financial support and expertise, ensuring the robust financial growth of your small business. Here's what distinguishes us:

Comprehensive Accounting Services: We offer an extensive array of Accounting Services that encompass all facets of your financial needs. Whether it's bookkeeping management or tax preparation, we've got your back.

Customized Solutions: We recognize that small businesses grapple with distinct financial challenges and aspirations. Our services are meticulously tailored to align with your specific requirements, facilitating the realization of your financial goals.

Expert Proficiency: Our team comprises Chartered Professional Accountants (CPAs) armed with profound knowledge and experience in the field. We remain abreast of the latest tax regulations and accounting standards to furnish you with precise and compliant services.

Cost-Effective Solutions: We firmly believe that every small business should have access to top-tier accounting services. Hence, we proffer competitive rates that align with your budget, ensuring you receive unmatched value for your investment.

Local Insight: Being a Toronto-based firm, we possess an intimate understanding of the local business environment and regulatory landscape. This localized expertise empowers us to offer insights and strategies that can significantly benefit your business.

Dependability: Count on us to meet deadlines, deliver punctual financial reports, and be readily available when you require our assistance. We are unwavering in our commitment to bolster your business's success, taking your financial affairs with utmost seriousness.

Client-Centric Philosophy: Your contentment is paramount to us. We actively endeavor to cultivate enduring, robust relationships with our clients, and we stand ever-ready to address your queries and concerns.

Whether you're embarking on a new venture or seeking to streamline your financial operations, BBS Chartered Professional Accountants is your steadfast partner in Toronto. Let us shoulder the burden of number-crunching so you can channel your energies into what you excel at—nurturing the growth of your business. Contact us today to initiate a discussion about your accounting and financial needs with our proficient team.

[tejaswini-simandhar]

Are you aware of US CPA Exam changes from 2024?

US CPA is one of the most lucrative career options in the accounting field. The global demand for CPAs has increased exponentially over the last few years. Parallelly, the roles and responsibilities of CPAs have also varied in accordance with the ever-changing business landscape. The advent of digitization and the implementation of new technologies have revolutionized the finance and accounting industry. To ensure that CPAs are updated and competent with the technology-driven business landscape, AICPA has introduced the CPA Evolution Initiative.

The US CPA Exam Evolution Initiative will come into effect from January 1, 2024 and will have significant changes to the CPA curriculum. The passage below explores in detail the CPA 2024 changes.

CPA Evolution Initiative – What is the New Model?

The new model has been proposed to make the CPAs more tech competent. The new model will follow a Core + Discipline model with 3 Core Sections and 3 Discipline Sections.

CPA students have to study all three core sections. The three core sections are:

Financial Auditing and Reporting (FAR)

Auditing and Attestation (AUD)

Taxation and Regulation (REG)

CPA students can choose one discipline section out of the three. The three discipline sections are:

Business analysis and reporting (BAR)

Information systems and controls (ISC)

Tax compliance and planning (TCP)

Irrespective of the discipline section the CPA candidate chooses, he can opt to practice in other areas well. His choice of discipline section will not have any effect on his CPA licensure.

Transition Policy – What it Means to CPA Aspirants?

AICPA along with NASBA, have created a smooth transition policy for implementing the new changes. The transition policy is simple and straightforward. Below is the break of the transition policy and how it affects the CPA candidates.

Candidates who have passed and have credit for AUD, FAR, or REG on the current CPA Exam will not need to take the corresponding new core section of AUD, FAR, or REG on the 2024 CPA Exam.

Candidates who have passed and have credit for BEC on the current CPA Exam will not need to take any of the three discipline sections.

Candidates without credit for AUD after Dec 31, 2023, will have to take the AUD core section on the 2024 CPA Exam.

Candidates without credit for FAR after Dec 31, 2023, will have to take the FAR core section on the 2024 CPA Exam.

Candidates without credit for REG after Dec 31, 2023, will have to take the REG core section on the 2024 CPA Exam.

Candidates without credit for BEC after Dec 31,2023 will have to take one Discipline section on the 2024 CPA Exam.

The current sections and curriculum of the CPA exam will not be available for testing after Dec 2023.

CPA Exam 2024 – What are the Content Changes?

There are some significant changes in the curriculum of each section for the CPA exam 2024. The content from the section has been transferred to the other sections.

The only section that remains relatively unchanged is AUD. While no content has been removed from it, some content from BEC has been added to this section. The newly added topics in the AUD section are basic economic concepts and business processes and internal controls. Some existing content from FAR will be moved to the BAR discipline section under the new model. These topics include business combinations, R&D costs, stock compensation, and public company reporting, among many others. Some BEC topics have also been moved to the FAR section. Similarly, some existing REG content has been moved to the TCP discipline section. This content includes gross income concepts.

In the case of discipline sections, the BAR section includes complex technical accounting topics along with lease accounting and revenue recognition. It also includes certain topics from the BEC section such as managerial and cost accounting, variance analysis, non-financial measures of performance, and financial valuation decision models. ISC exam section will evaluate the candidate on knowledge of IT audit and advisory services. It also borrows some BEC topics. Lastly, the TCP discipline section evaluates the candidates on knowledge of federal tax compliance policies and focuses on complex tasks. As specified already, some REG topics have been included in the TCP section.

Below is the summary of how the content has been spread across different sections under the CPA 2024 model:

REG – REG + TCP

FAR – FAR + BAR

AUD – AUD

BEC – FAR + BAR + AUD + ISC

CPA Exam 2024 – Scoring Weight Changes

There is not much change in the scoring weight of the CPA exam. Under the new model, every section has a scoring weight of 50% MCQs and 50% TBSs, except one section. The ISC discipline section gives 60% weightage to MCQs and 40% weightage to TBSs.

CPA Exam 2024 – Section Time and Question Count Changes

There is no change in the section time. The current section time of 4 hours will remain the same for the new model as well. In the case of question count, the new model has 2 changes. The current model has a question count in the range of 62-72 MCQs and 8 Sims, except for BEC. The BEC exam has 4 TBSs and 3 Written Communication questions. Under the new model, the ISC exam section will have 82 MCQs and 6 TBSs. Similarly, FAR and BAR exam sections will have 50 MCQs and 7 TBSs

CPA Exam 2024 – Skill Level Changes

There are no changes in the skill level categories but there are a few minor changes in the skill level allocation for some sections. The changes to the question count also reflect the skill level changes. For instance, ISC with more MCQs has more skill allocation to Remembering and Understanding. AUD section lays more emphasis at Remembering and Understanding and Analysis levels, whereas FAR section lays emphasis at Remembering and Understanding and Application levels. The latter section has fewer questions at the Analysis level.

REG section retains the same skill level with no changes. FAR and BAR have more questions at the application level with MCQs having complex calculations. TCP section contains the highest percentage of questions at the Application level.

It should be noted that these changes are not finalized. There might be a few changes to the new model. But, the core concept of the model will remain the same. AICPA has announced that it is waiting for inputs on the new model till September 30, 2022. Post that, it will review the comments and make any changes if deemed fit. The blueprint will be finalized in December 2022 and will be published in January 2023.

[xjoonchildx]

MISS ANNNNAAAAA! 😘 How have you been? I do hope that you've been well and alright during the US tax season and news about sweet Hoberto's enlistment. Me and my old supervisor were too busy this week to discuss it.

I saw the lovely hug anon's message that was sent in a little bit ago and I had to drop in and say congrats 🎉 and that we all aspire to have our own romance that can inspire all the dreams of other lonely people 🥹. My cold heart fluttered while reading it.

It did kind of inspire me to drop in myself to let you know that we all do genuinely appreciate this little space you've made for everyone and that you and all the lovely anons and non-anons that respond genuinely help others process thoughts and life and all that stuff.

I genuinely don't know if you remember me either but, I would drop in as the accounting/🎓 graduate anon. I legit don't even remember the last ask I had sent you but, I have been well and still enjoy having your notifications on (it gives me plenty of joy in my down time or destressing time). 😁 I have done a bunch though since my last (remembered) ask -

That internship turned into an extended long-term position - I've been interning remotely with them since summer of 2022

Graduated w/ honors and now on track to graduate with my Masters in Taxation this December

Currently also working PT under my business school's admin as a tutor for my department - now known by most staff and made some really good connections for the future

Secured an internship with one of the top 4 accounting firms this summer (and expecting a FT offer with the big bucks)

Won a CPA exam materials scholarship (nearly $3k worth)

Submitted my application to sit for the CPA (basically the highest accounting credential to receive) exam and will be sitting for the first section by November

So truly, I'm always sending the biggest thanks to you and everyone else for giving me all the motivation and confidence boosters the last time because they've really made an impact for me! I love you guys and gals and anything you all go by and wish everyone the best. 🥰🥰🥰🥰🥰

(I do apologize for how long this got though, once I started I apparently couldn't stop)

OMG accounting/🎓 graduate anon!

first of all, of course i remember you 💕

second of all -- hell YES to all of these wins? that CPA exam scholarship is a huge deal and i know you will crush that exam come november. i'm so glad you and other anons come here to share your wins because let's be for real, the world is forever on fire and it's nice to know good shit is happening to good people.

we all need that reminder from time to time 😭

as for hobi going off into his military assignment: i'm sad. i'm not even gonna sugarcoat it 😂 but it's a matter of duty and pride and i support him and all the members as they complete their service. i mean, i don't have to be happy about it but i understand. it'll get easier once we get some updates from him. for now, sad girl hours are open 😭

[scannerca45]

Navigating the Global Stage: How Indian CAs Can Prepare for International Careers

The Chartered Accountancy (CA) profession in India is renowned for its rigor and prestige. However, as globalization continues to reshape industries, Indian CAs are increasingly eyeing international opportunities. With the right preparation, aspiring CAs can leverage their skills and qualifications to build successful careers abroad. This article explores how Indian CAs can prepare for global opportunities, highlighting key strategies, certifications, and resources like CA Entrance Exam Books, Scanner CA Intermediate Books, Scanner CA Foundation Books, and Scanner CA Final Books.

Why Indian CAs Should Consider International Careers

Indian Chartered Accountants are highly valued globally for their expertise in financial management, taxation, and auditing. Pursuing an international career offers several benefits:

Broader Exposure: Working in diverse markets enhances your professional skills and global perspective.

Higher Earning Potential: International roles often come with better compensation packages.

Opportunities for Growth: Expanding your career abroad allows access to advanced roles and leadership positions.

Networking and Connections: Building relationships with global professionals opens doors to new opportunities.

Key Challenges for Indian CAs Seeking Global Roles

While the opportunities are promising, Indian CAs face certain challenges when entering international markets:

Regulatory Differences: Tax laws and accounting standards vary across countries.

Cultural Adaptation: Understanding workplace culture and communication styles is crucial.

Qualification Recognition: Indian CA qualifications may not always be directly recognized abroad.

Steps to Prepare for an International Career

To successfully navigate these challenges, Indian CAs must adopt a strategic approach:

1. Pursue International Certifications

Several global certifications complement the Indian CA qualification and enhance career prospects abroad:

CPA (USA): The Certified Public Accountant credential is widely recognized in the United States and other countries.

ACCA (UK): The Association of Chartered Certified Accountants qualification is valued in Europe and Asia.

CFA (Global): The Chartered Financial Analyst designation is ideal for roles in investment banking and portfolio management.

IFRS Certification: Understanding International Financial Reporting Standards is essential for global accounting roles.

2. Master Global Accounting Standards

Familiarity with IFRS and US GAAP (Generally Accepted Accounting Principles) is critical for international roles. Resources like Scanner CA Intermediate Books and Scanner CA Final Books provide case studies and examples to help you understand these standards.

3. Strengthen Communication and Soft Skills

Working in global environments requires excellent communication, teamwork, and adaptability. Focus on:

Language Skills: English proficiency is essential, but learning additional languages can be a bonus.

Cultural Sensitivity: Research and respect the cultural norms of your target country.

4. Leverage CA Study Resources

The foundation of a successful CA career lies in thorough preparation. Use resources like:

CA Foundation Scanner: Build strong fundamentals in accounting and economics.

Scanner CA Intermediate Books: Deepen your understanding of taxation and auditing while practicing international case studies.

Scanner CA Final Books: Gain advanced knowledge in financial reporting, corporate laws, and global business practices.

Regular practice with these scanners ensures conceptual clarity and prepares you for the challenges of international roles.

5. Gain Practical Experience

Hands-on experience is invaluable for building a global career. Seek internships or roles with multinational corporations (MNCs) or firms that operate globally. This exposure helps you understand international business environments and regulatory frameworks.

6. Build a Professional Network

Networking is crucial for exploring global opportunities. Join international accounting forums, attend webinars, and connect with professionals on platforms like LinkedIn. Professional bodies like ICAI also offer global chapters and events.

Countries Popular Among Indian CAs

Indian CAs are in high demand in several countries:

United States: Known for its dynamic financial markets and opportunities in CPA-based roles.

United Arab Emirates: Offers tax-free salaries and a thriving business environment.

Canada: Welcomes skilled immigrants with accounting expertise.

Australia: Provides opportunities under its General Skilled Migration program.

United Kingdom: Recognizes ACCA and offers roles in financial hubs like London.

Ethical Considerations in Global Roles

When working abroad, maintaining ethical standards is paramount. Transparency, integrity, and adherence to local regulations build trust and ensure long-term success.

Conclusion

Indian CAs are well-positioned to thrive on the global stage, thanks to their rigorous training and expertise. By pursuing international certifications, mastering global accounting standards, and leveraging resources like CA Foundation Scanner, Scanner CA Intermediate Books, and Scanner CA Final Books, aspiring CAs can unlock a world of opportunities. With careful planning and preparation, you can navigate the global landscape and build a rewarding international career.

[newblogstation]

Top Accounting Certifications That Can Boost Your Salary

Are you looking to elevate your accounting career and increase your earning potential? Earning an accounting certification can be a game-changer, helping you stand out in a competitive job market. Whether you're an aspiring accountant or an experienced professional, the right certification can open doors to better job opportunities and higher salaries. If you're searching for accounting courses in Kannur or the best accounting courses in Calicut, this blog will guide you through the top accounting certifications that can boost your salary.

Why Pursue an Accounting Certification?

Accounting certifications validate your expertise and make you a sought-after professional. Here are some reasons why you should consider earning a certification:

Higher Salary Potential: Certified accountants typically earn more than their non-certified counterparts.

Better Job Opportunities: Many employers prefer candidates with professional certifications.

Career Growth: Certifications help you qualify for senior positions and leadership roles.

Global Recognition: Some certifications are recognized worldwide, increasing your job prospects.

Top Accounting Certifications to Consider

1. Certified Public Accountant (CPA)

A CPA qualification is one of the most prestigious accounting certifications globally. It covers auditing, taxation, and financial reporting, making it an excellent choice for those looking to work in international firms.

2. Chartered Accountant (CA)

The CA certification is highly regarded in India and offers in-depth knowledge of financial management, tax laws, and auditing. It is a rigorous course, but the rewards are well worth the effort.

3. Certified Management Accountant (CMA)

A CMA certification focuses on financial planning, analysis, and management. It is ideal for those who want to specialize in financial strategy and corporate finance.

4. Association of Chartered Certified Accountants (ACCA)

ACCA is a globally recognized certification that provides expertise in financial and management accounting, making it a great option for professionals seeking international opportunities.

5. Tally & GST Certification

For those looking for quick employment, learning Tally and GST can provide essential accounting skills required by businesses.

Where to Find the Best Accounting Courses?

If you're searching for accounting courses in Kannur or the best accounting courses in Calicut, several reputed institutes offer industry-relevant programs. These courses provide practical training, hands-on experience, and placement support to help you excel in your accounting career.

Conclusion

Investing in an accounting certification is one of the best ways to boost your salary and advance your career. Whether you choose CPA, CA, CMA, or ACCA, each certification offers unique benefits that can help you achieve your professional goals. Explore accounting courses in Kannur and the best accounting courses in Calicut today and take your accounting career to the next level!

[shaunstoltz1]

The Complete Guide: How Long Does it Take to Become a CPA? A Comprehensive Timeline and Expert Analysis

For aspiring accounting professionals and internal auditors, understanding "how long does it take to be a CPA" is crucial for career planning. The journey to becoming a Certified Public Accountant (CPA) involves multiple stages, each requiring careful consideration and dedication. This comprehensive guide will explore every aspect of the CPA timeline, from educational requirements to exam preparation and beyond.

Breaking Down the Complete CPA Certification Process

When candidates ask "how long does a CPA take," they need to understand that the journey comprises several crucial phases. Each component of the process contributes to the overall timeline, and understanding these elements is essential for proper planning and success.

Educational Requirements: The Foundation of Your CPA Journey

Before considering how long does CPA take, candidates must first complete their educational requirements. This typically includes:

Bachelor's degree in accounting or related field (4 years)

Additional 30 credit hours to meet the 150-hour requirement (1 year)

Specific accounting and business coursework requirements

State-specific educational prerequisites

Many wonder "how long does it take to get CPA" certification after completing their education. The post-education journey typically spans 18-24 months, but this timeline can vary based on individual circumstances and preparation strategies.

The CPA Exam: Understanding the Study Timeline

A critical question many candidates ask is "how long does it take to study for the CPA" exam. The exam consists of four sections:

Auditing and Attestation (AUD)

When determining how long does it take to study for CPA exam sections, most candidates spend 80-100 hours on AUD preparation. This section covers:

Professional responsibilities and ethics

Assessing audit risk and developing a planned response

Performing audit procedures and evaluating evidence

Forming conclusions and reporting

Financial Accounting and Reporting (FAR)

Candidates often ask "how long to study for CPA" FAR section, as it's typically considered the most challenging. Most successful candidates dedicate 100-120 hours to FAR preparation, covering:

Conceptual framework and standard-setting

Financial statements and typical items

Transactions and events

Government accounting and reporting

Regulation (REG)

Understanding how long should you study for CPA exam REG section is crucial. Most candidates spend 80-100 hours preparing for this section, which covers:

Ethics and professional responsibilities

Business law

Federal tax procedures

Property transactions

Business Environment and Concepts (BEC)

When planning how long should you study for the CPA exam BEC section, allocate 60-80 hours. This section includes:

Corporate governance

Economic concepts and analysis

Financial management

Information technology

Professional Experience Requirements and Timeline

Beyond understanding how long does it take to study for CPA exam, candidates must complete professional experience requirements. This typically involves:

1-2 years of verified work experience under a licensed CPA

Documentation of specific skills and competencies

Regular performance evaluations

State-specific experience requirements

Developing an Effective Study Strategy

Creating an efficient study plan is crucial when considering how long does it take to study for CPA. Here are essential components of a successful study strategy:

Time Management and Planning

Create a detailed study schedule

Set realistic daily and weekly goals

Allow for flexibility and review time

Include regular practice exams and assessments

Study Resources and Materials

CPA review courses

Practice question banks

Study guides and textbooks

Online learning platforms

Maintaining Work-Life Balance During CPA Preparation

While focusing on how long does CPA take, it's essential to maintain a healthy work-life balance. Consider these strategies:

Schedule regular study breaks

Maintain physical exercise and healthy habits

Set boundaries between work, study, and personal time

Build a support network of family, friends, and fellow candidates

Tips for Success and Timeline Optimization

To optimize your CPA timeline, consider these professional recommendations:

Strategic Exam Scheduling

Take the most challenging sections first

Schedule exams during less busy work periods

Allow adequate time between sections

Consider testing windows and blackout dates

Professional Development During Preparation

Join professional organizations

Network with other CPA candidates

Seek mentorship opportunities

Attend industry conferences and workshops

Conclusion: Making the Most of Your CPA Journey

Understanding how long does it take to get CPA certification is just the first step. Success requires dedication, strategic planning, and commitment to professional growth. While the journey may seem lengthy, the career opportunities and professional advancement make it a worthwhile investment.

Remember that while this guide provides a comprehensive overview of how long does it take to be a CPA, each candidate's journey is unique. Focus on maintaining steady progress and adapting your approach as needed to achieve your professional goals.

[finance-and-accounts-courses]

The Benefits of Finance and Accounts Courses

With changing times comes a fast-paced economy- knowing finance and accounts has since become a basic ability across industries. Whether you are an aspiring entrepreneur, a professional wanting a career boost, or a student investigating career purposes, an account and finance course could work wonders for you. They are the best practical knowledge, develop good decision-making skills, and create opportunities for other options of careers. Let us see why it could be the best to enrol in the best account and finance courses for a beginner. Understanding Finance and Accounts: Your Key to Success Finance and accounts are the bedrock of every business. These skills are absolutely indispensable for any business that seeks to maximize its profit, manage its resources of finance judiciously, and earn competitive viability. Hence the reason why an accounts taxation course covers many such areas extensively that include an in-depth knowledge of tax laws, knowledge about compliance, and how to undertake strategic tax planning whether for an individual or for a business.

Some of the following skills can be developed through a finance and accounts course:         • Practical knowledge: Persons able to handle ground realities with topological             information such as maintaining ledgers, analysis of financial statements, and preparation of returns.         • Skills relevant to the industry: Some software knowledge as Tally, QuickBooks, or SAP that are globally accepted.         • Problem-solving skills: Provide training in complete problem-solving for financial distress. One such platform delivering these skills is NettechIndia, an institute of repute with some comprehensive finance and accounts courses designed for both beginners and professionals. Structured to meet industry-specific requirements, each program leaves students fully employable. The Roadmap to Getting Your Success: Your Guide into Finance and Accounting Courses Choose a roadmap to follow at the outset for the successful accomplishment of finance and accounts. Here matters about how to get started and shine in this domain:

Set Your Goals: Preparing the generic goals: should it be a financial management plan for yourself, or some steps that will facilitate entry into the corporations that deal with accounting tax? 

Choose the Right Course: Choose a course suited to you. The beginners should be going toward basic courses, while the skilled might think of a more advanced course such as ACCA, CPA, or CFA.

Assimilate Training with Practical Knowledge: Look for programs providing internships or case studies. It is the exposure, regarding feelings, sharing ideas or knowledge, and deciding on what can or what cannot be done. Nettech India’s finance and accounts courses provide just that, combining theoretical knowledge with practical application to ensure holistically wise education.

Keep Yourself Updated with the Changes in This Field: Since finance is a field that keeps changing day by day, change the syllabus depending on different changes in tax laws, accounting standards, and financial regulations.

What makes courses in accounts and finances appealing?

1. Career options galore: These courses open new doors with prospective careers as financial analyst, accountant, auditor, tax consultant, and investment banker. 2. International significance: Universally accepted principles of both finance and accounting make such courses useful in the global market. 3. Benefit that comes from business: An entrepreneur skilled in finance would always be in a better position to manage its resources, lure investors, and earn profits. 4. Independence in finance: The management of personal finances constitutes yet another underappreciated opportunity.

Reasons to Take Courses in Finances and Accounts 1. High demand: Demand for finance professionals is evergreen. Whether big or small, every organization will depend on finance experts to handle their finances. 2. High remuneration: Trained professionals in finance and accounting are offered a competition hit on their pay/dollars. 3. Flexibility: With the rise of remote working, finance professionals, could be working anywhere that suits them without compromising flexibility. 4. Future proof career: As economies develop, some segments will perpetually require finance professionals, therefore this makes it a secure career choice. Conclusion An account and finance course are much more than a certification; it's an investment for your future. Whether you're beginning or brushing up on your old skills, these programs give you the knowledge and confidence to conduct yourself in a competitive world. From filing taxes to making effective financial decisions, the sky is the limit. Many institutes, such as Nettech India, provide some of the best accounting and finance courses for beginners, ensuring that you are empowered to become one of the best in the ever-dynamic industry. From on-the-job training to real expertise guidance, they equip you for challenges that will confront you in the real world. So begin your journey today. Enroll in one of Nettech India's finance and accounts courses and enter a universe of possibilities that awaits you in the dynamic world of finance and accounting.