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CPA Exam Review News Blog

Your Handshake Matters as Much as Your LinkedIn

Posted by Dr. Phil Yaeger on Jun 6, 2018 10:02:18 AM

Being a young accountant means having one of the widest fields of career potential in front of you. The profession is in high demand, but supply, especially of CPAs, is struggling to keep up. This favorable job market doesn't mean you should sit back and relax, but rather be ready and treat opportunity as if it were always around the corner. You should be professional to the standard of seasoned pro's, bring the energy of someone new to the industry, and able to meet every expectation as times and common practices have changed. This means your LinkedIn, handshake, Twitter, business card, and Instagram pages should all be kept to a professional standard as they will be scrutinized. The worst thing you can do is impress online and disappoint in person. Keeping everyone happy and making genuine connections can feel intimidating and taxing, but it is possible and worth it.

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Tags: accounting career, CPA Career, Networking

Transitioning Out of Busy Season Without Becoming Too Busy, Again.

Posted by Dr. Phil Yaeger on May 30, 2018 2:29:59 PM

Busy season has ended which is supposed to make it feel like you have all the free time in the world now, right? Then why does it feel like your responsibilities are stacking up and growing out of control?

The simple answer might be because you are letting them.

In the same way athletes gain weight after their season is over, accountants risk falling behind their work after busy season. The day to day goes from forced productivity, to a more lackadaisy office culture. Since the amount you have to do drops so drastically, the urgency to do work decreases too. Since 24 hours is feeling like a lot more without the busy season pressure, you start putting off responsibilities. It doesn't seem like a big deal and before you know it, you're behind.

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Tags: accounting career, office environment, AICPA

Newlywed CPA Candidate How-To Guide

Posted by Dr. Phil Yaeger on May 25, 2018 8:52:28 AM

So you just got married – now what?

Congratulations! It is such an exciting time of life. College parties turn into Sunday morning brunches, late Friday nights out turn into coffee dates on Saturday and suddenly everyone around you is getting married, sitting the CPA Exam and having children. Now it is your turn – so what should you be thinking about and what are some of the taxation implications. You are a CPA candidate, so this is right up your alley.

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Tags: CPA Career, CPA Exam Tips, CPA Exam Prep

Every CPA Should Make a "To Don't" List

Posted by Dr. Phil Yaeger on May 23, 2018 11:29:44 AM

Everyone has heard and most of us regularly keep a "To Do" list. Their detailed tasks sit line by line on folded up sheets of paper in pockets and in the notes sections of our phones. We cross them off and in doing so, feel a sense of accomplishment. One thing we don't give ourselves credit for is the very thing which gets in the way of crossing more of those "To Do" items off.

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Tags: accounting career, 2018 CPA Exam, CPA Productivity, CPA Exam Prep

Is the 25 Hour Work Week a Possibility for the CPA?

Posted by Dr. Phil Yaeger on May 16, 2018 4:02:07 PM

If the thought of a five hour work day in the corporate world of business seems impossible, you should really take a look at what Collins SBA of Tasmania is doing to shake the industry norm. A simple look at their website shows a slightly different face than you'd expect from a Financial Advisory company. They don't mince words about their alternative approach either - along with titles of "advisor" or "director" are Hiker, Diver, Coach, Architect, and Cook. This simple recognition about some of the people who make up the company gives you an inside look at how the company views their employees.

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Tags: Business Leadership, Accounting Career Advice, CPA Job Search, office environment

What Do You Need To Do To Become A CPA?

Posted by Dr. Phil Yaeger on May 9, 2018 8:47:07 PM

There's a lot to learn in the process of becoming a CPA and getting your license depends on more than just sitting for the exam. There may even be some differences depending on what state you are in. Before we dig into the details, let's cover some of the basics.

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Tags: accounting career, CPA Job Search, AICPA, Accounting News, CPA Exam Prep

Changes to Audit Reports on the CPA Exam in 2018

Posted by Dr. Phil Yaeger on May 1, 2018 2:05:34 PM

As a CPA, you will most likely be participating in many audits. Whether it involves performing the audit work, supervising the audit work, or reporting on the results of audit work. An essential part of the reporting of the results is writing the audit report, which provides an accounting firm’s opinion on whether the financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP).

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Tags: 2018 CPA Exam

A Decrease in Debt Means a Decrease in Anxiety: How to Make It Happen

Posted by Dr. Phil Yaeger on Apr 25, 2018 8:08:00 AM

Currently, Millennials are feeling the stress and increasing pressure of debt and it's impacting many areas of their lives. The AICPA released an article called "How to Take the Stress Out of Debt" in which they talk about the mental burden debt brings on top of the financial burden. They reported that nearly 75% of Millennials have debt and 43% have anxiety from their debt. This affects their sleep, work, and relationships in negative ways. But what can you do to help with this debt stress?

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Tags: accounting career, effective communication, Accountants Creating Budgets

SOC 2 Reports Eligible for Testing on the CPA Exam in Q4 2018

Posted by Dr. Phil Yaeger on Apr 20, 2018 8:26:53 AM

As a CPA, you may be called upon to examine, test, and report on the controls for various types of organizations. Most of the time, you will be dealing with controls that encompass internal operations. However, because of the integrated nature of business operations, a business may work with outside organizations to process transactions. So, the concern is not just that the controls of the company are working for are secure and keeping your data safe, but that the data sent to and from outside service providers is secure.

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Tags: 2018 CPA Exam

How to Launch From Busy Season Into Studying for the CPA Exam

Posted by Dr. Phil Yaeger on Apr 18, 2018 1:10:09 PM

Say goodbye to the 2018 Tax Season and hello to studying for the CPA Exam!

First off, take a breather! You undoubtedly deserve a little rest, but make sure it doesn't last too long. Coming off busy season is a great time to transition into studying to get your CPA!

You are already being highly productive and maintaining a rigorous schedule, so you might as well keep it rolling. Obviously, you can cut out some of the habits which are not healthy. Re-institute time for exercise and friends, and get back some of the sleep you may have sacrificed -- but don't lose your stride. Those who competed in the Boston Marathon earlier this week are going to rest a little bit, but they aren't going to stop training! They already have their eyes on the next race and future goals.

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Tags: accounting career, 2018 CPA Exam, CPA Exam Requirements, CPA Exam Prep