AICPA ISSUES GUIDE TO NEW CPA EXAM
The American Institute of CPAs' Examinations Team has published a guide to the major changes that will appear on the Uniform CPA Examination starting on January 1, which will include a new release of authoritative literature, based on the FASB Accounting Standards Codification. CPA candidates will be able to prepare with a new tutorial and sample tests that will be posted on the AICPA Web site in the fall. A new online calculator will also be introduced with the exam.
A new candidate performance report will provide candidates with information about the strengths and weaknesses of their exam performance. New content and skill specification outlines will also go into effect, and International Financial Reporting Standards and other international standards will also be included on the test. There will be a new format for the research tasks, and scoring weights for different portions of the exam will change. The section structure and section time allocations will also be altered, with the time increasing on some sections, and decreasing on others. A new spreadsheet will be introduced, along with a new question format in the form of shorter task-based simulations.
The guide to the new CPA Exam can be found at www.aicpa.org.
FASB, GASB AND FAF TWEETING
The Financial Accounting Foundation, the organization that oversees both the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has joined Twitter to expand its communications outreach. To follow the FAF, FASB and GASB activities, visit www.fasb.org, and click on the Twitter logo at the bottom left of the home page.
VISA BOOSTS SMB NETWORK
San Francisco - Visa Inc. has unveiled a number of upgrades to its 100,000-member online small-business community, the Visa Business Network. The enhancements include business goal toolkits; a small-business mentor program; and a Q&A forum. For more, visit www.visabusinessnetwork.com.
