The CPA landscape is changing, and with that, so is the CPA exam. Here’s what you need to know about the CPA Evolution and how it could impact you and your test taking.
With the signing of the CARES Act on March 27, 2020, changes were made to tax law affecting areas ranging from special corporate deductions to the taxation of retirement plans. For students or professionals interested in taking the CPA exam, it is important to understand these changes as the exam has been updated to reflect current tax law.
What tasks and tools define the accounting industry? It depends on who you ask. While those on the outside may think the field involves little more than bookkeeping and tax preparation, like utilizing tools such as Excel© and QuickBooks, accounting professionals and other industry insiders know that accounting is indeed an evolving field.
Here’s another free Level III CFA® lesson to get you ready for exam day in June. This time, we’re covering one of the most common elements in the asset allocation process–eliminating investment options that aren’t a good fit.