Sometimes the most basic facts from study for CPA exam success are applicable throughout an accounting career. An ideal example is the attention a CPA provides to business clients in December by remin
Descriptions of auditing procedures in CPA review material exist for important reasons, not simply because of the intense testing about audit rules on the CPA exam. Auditors are expected to follow spe
Individuals who start new corporations often claim to their accountants that they have S corporations. However, study for CPA preparation reveals the particular steps required for establishing these e
The path to correctly answering accounting questions starts with developing skill at recognizing key factors. This requires dismissing unusual elements that are interesting but irrelevant. Consequentl
Accountants are often called upon to sort out matters that easily confuse business owners. One particularly important issue affecting both income tax calculations and accounting procedures is the subj
Hand v. Commissioner, TC Summ. Op. 2012-1 (January 3, 2012)
Facts:
Bob Hand and his wife Tina Meilleur are the stereotypical “power couple.” Bob holds an M.B.A. and is both a licensed financial
Tax accounting gets confusing when generally similar situations are treated differently upon discovery of the exact circumstances. Inquiries into small personal details tend to frustrate accountants a
The newly formed Private Company Council was established to address acceptable variations in financial standards for small businesses compared to the customary practices described in CPA prep courses
The newly formed Private Company Council was established to address acceptable variations in financial standards for small businesses compared to the customary practices described in CPA prep courses
African Americans have mysteriously been a low percentage of entrants to the accounting profession as CPAs. That appears likely to change as a result of greater outreach and mentoring by accounting in
