It's important to make sure CPA's are properly tested on appropriate and relevant skillsets. To adapt, the CPA Exam has recently been updated.
1 min read
Lauren Miller is a content writer for Canopy.
As we all know, technology is becoming an integral tool in every industry, especially within the finance and accounting world. The world's first accountants used abacuses but as technology advanced, calculators became a key facet of the job. Today, as cloud-based software and other digital technologies become a necessity in an accountant's life, the industry must adjust to the new tech.
As the profession changes, it's important to make sure up and coming CPA's are properly tested on appropriate and relevant skillsets. To adapt, the CPA Exam has recently been updated to test your knowledge on digital topics, IT, automation, data analyzation, and, business and operations management. The new blueprint for the CPA Exam went into effect the first of July, according to the AICPA. Here’s what you need to know.
The four sections in the exam are:
The sections of the CPA Exam. (Photo: AICPA)
The biggest additions to the exam curriculum are in the AUD and BEC sections, according to the AICPA. Test takers should be prepared to be evaluated based on their understanding of major business and data processes, enterprise resource planning (ERP) and the cloud. For the FAR and REG sections, some discussion points have been eliminated, including international financial reporting standards (IFRS) and estate tax and federal securities regulations, Accounting Today reported.
Now that you know what to expect, it's time to study. You can find CPA Exam resources by clicking here. Do you feel ready to take the exam? Well, first you have to make sure you're eligible. Then, you'll able to submit your application and eventually sign up to take the test. Find more information on the CPA Exam process from the AICPA here. Comment below what changes you think should come next to the exam!
Looking to brush up on your skills? Check out our CPE course library.
Explore more of our recent Articles, User Stories, and Ebooks.
4 min read
1 min read
Canopy takes the headaches out of client management by offering a way to keep client info organized.
I love how easy it is to setup a new client in this software. Once set up, it's one click to get IRS transcripts downloaded for my review. This saves me at least an hour each week in comparison to the software I used to use.
This makes workflow for tax resolution manageable. This business is a bunch of hurry up and wait. This system helps to refresh my memory while transitioning to different clients.
The ability to securely share documents with clients as well as complete POAs from client contact data already in Canopy. The ability to route workflow between team members with color coded statuses allows us to work efficiently.
Cool features, outstanding customer service, constantly updating to make it better. I love that I can upload files easily to a secure client portal and we don't have to email files anymore. Absolutely can't imagine not having this software.
It's safe and secure. Clients are able to upload documents and the documents are saved their portal which as a result, keeps us better organized. The task feature keeps us organized and we know exactly the status of each client.
Submit this form, and we will be in touch soon to give you a custom demo.
Set a time for one of our product specialists to give you a guided tour practice.
Leave a comment!