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What is the CPA Exam? A complete guide.

Intuit

Financial Accounting and Reporting (FAR): This material covers financial statements, local and state government regulation, and other key financial reporting concepts. This section covers things like government auditing standards, legal compliance, communication standards, and ethical behavior.

CPA 130
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On the move: RRBB adds partner

Accounting Today

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan.

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Tax Fraud Blotter: Getting personal

Accounting Today

He concealed his financial accounts from the IRS, transferring funds from accounts he owned to accounts in only his spouses name, filing false court documents to terminate federal tax liens against his property and lying to IRS investigators. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.

Tax 147
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Five tech trends for small businesses in 2024

Xero

To help small businesses and their advisors plan ahead, I’ve looked at separating the hype from reality to uncover the top five technology trends that may impact the small business landscape in 2024. Will it be the breakthrough technology of 2024? It seems unlikely to reach full maturity next year.

XERO 278
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FAF reports on activity at FASB and GASB

Accounting Today

The Financial Accounting Foundation released its annual report, offering an overview of its activities in 2024, and at the two standard-setters it oversees.

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Key 2024 Changes to the Definition of Cloud FinOps

FinOps Foundation

The first approved change for 2024 is an update to the definition of Cloud FinOps. In 2024, conversations have turned to operationalizing that practice. Once the TAC completes the 2024 updates to the FinOps Framework Capabilities and Updates (estimated to be late February), an additional piece will be published outlining those changes.

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Key 2024 Changes to the Definition of Cloud FinOps

FinOps Foundation

The TAC has now approved a new definition, reflective of that feedback from the community: FinOps is an operational framework and cultural practice which maximizes the business value of cloud, enables timely data-driven decision making, and creates financial accountability through collaboration between engineering, finance, and business teams.