The Accounting Podcast

We've got a plethora of news today, including the reasons behind IMA's concerns about AICPA & NASBAs new accounting curriculum, and why accountants are passing on getting the CPA license. We'll cover some finer points about the SPAC atrocity known as Lordstown Motors, and then dive into app news, including Expensify's foray into payroll, some neobank news, Gusto's acquisition of Ardius for R&D tax credits, Intuit's final blow to TradeGecko, aka QuickBooks Commerce, and more!

Show Notes

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Show Notes
 
1:56 – David talks specifics on Bookkeepers.com
 
5:54 – The IMA Is Beefing With the AICPA and NASBA Over the Future of Accounting Education
https://www.goingconcern.com/the-ima-is-beefing-with-the-aicpa-and-nasba-over-the-future-of-accounting-education/
 
6:22 – AICPA, NASBA launch CPA Evolution Model Curriculum - Journal of Accountancy https://www.journalofaccountancy.com/news/2021/jun/aicpa-nasba-launch-cpa-evolution-model-curriculum.html
 
IMA pushes back on CPA Evolution
https://www.accountingtoday.com/news/ima-pushes-back-on-cpa-evolution
 
13:20 – Time commitment, relevance push people away from CPA Exam
https://www.accountingtoday.com/news/time-commitment-career-relevance-push-young-people-away-from-cpa-exam
 
13:40 – A CPA Pipeline Report: Decoding the Decline
https://www.icpas.org/information/professional-issues/decoding-the-decline
 
17:58 – Let us know your take on the CPA – if you have it, if you don’t, if you’re thinking about it …Tell us why you love it, hate it, or feel nothing about it! Call us at 202.695.1040! 
 
18:40 – We’ve got voicemail! Thank you Chris, from Guam!  

21:54 – SPAC Deals Slow Dramatically After Move by SEC | Los Angeles Business Journal
https://labusinessjournal.com/news/2021/jun/21/spac-deals-slow-dramatically-sec-changes/
 
22:20 – SPAC IPO Market Slowly Resurfaces With Play-it-Safe Accounting
https://news.bloombergtax.com/financial-accounting/spac-ipo-market-slowly-resurfaces-with-play-it-safe-accounting
 
23:10 – The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno
https://hindenburgresearch.com/lordstown/
 
23: 51 – Top Lordstown Motors executives out as SPAC-backed startup teeters
https://www.freightwaves.com/news/top-lordstown-motors-executives-out-as-spac-backed-startup-teeters
 
26:35 [Expensify] WhatsApp + Splitwise = Expensify.cash (now open for early access)
https://community.expensify.com/discussion/8302/whatsapp-splitwise-expensify-cash-now-open-for-early-access

33:06 – The Expensify Discussion on Blake’s Twitter:
https://twitter.com/BlakeTOliver/status/1405745448380366848

37:15 – AmEx opens first business banking accounts 
https://www.finextra.com/newsarticle/38256/amex-opens-first-business-banking-accounts
 
39:10 – Novo, a neobank for SMBs, banks $41M
https://techcrunch.com/2021/06/16/novo-a-neobank-for-smbs-banks-41m/
 
40:20 – Unit Raises $51M To Expand Products, Integrations
https://www.pymnts.com/news/investment-tracker/2021/unit-raises-51-million-dollars-expand-finserv-products-integrations/
 
43:28 – Gusto makes first acquisition, buying Ardius to expand into R&D tax credits – TechCrunch
https://techcrunch.com/2021/06/17/gusto-makes-first-acquisition-buying-ardius-to-expand-into-rd-tax-credits/

46:00 – Sunsetting of the QuickBooks Commerce standalone product (formerly TradeGecko)
https://commerce.intuit.com/register
 
50:18 – Fastly: The Right Way to Apologize for an Outage | SaaStr
https://www.saastr.com/fastly-the-right-way-to-apologize-for-an-outage/



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Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040


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Creators & Guests

Host
Blake Oliver
Founder and CEO of Earmark CPE
Host
David Leary
President and Founder, Sombrero Apps Company

What is The Accounting Podcast?

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.