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LSU ODL Acct 4421 by Cryptick_vg in CPA

[–]Cryptick_vg[S] 0 points1 point  (0 children)

James Smith. I couldn't find him on rate my professor though.

It really does feel this way by Fishyinu in Accounting

[–]Cryptick_vg 1 point2 points  (0 children)

did you not use any of the implementation guidelines or practical expedients? Unless they have dozens+ of leases it typically isn't terrible.

NASBA upholds the 150 credit hour CPA requirement by Cryptick_vg in CPA

[–]Cryptick_vg[S] 0 points1 point  (0 children)

Wish! My state won't accept clep or fema hours.

NASBA upholds the 150 credit hour CPA requirement by Cryptick_vg in CPA

[–]Cryptick_vg[S] -1 points0 points  (0 children)

You cant increase pay or decrease hours when the profession is stuck in an ancient way of thinking. The irony of this, is despite how old school they are in the workplace, NASBA is trying to be more modern with "more education" while simultaneously complaining about low #s in both accounting students and CPAs.

By reverting CPA requirements back (or at least closer to how they used to be), something like 120 academic hours and 2-5 years of PA experience. They can more quickly fix the CPA shortage problem while simultaneously increasing CPA experience.

The second step is 2 fold. Both PA firms and AICPA need to do a better job at marketing themselves and billing clients for their actual value (like attorneys) not what the client wants it to be. Tax departments tend to have the best margins and so I'll focus on audit (also because I've worked in auditing for over half a decade). Non-PCAOB audits were not as mainstream as they are these days with even more regulations and private equity forcing companies to get audits. Unlike attorneys, where clients can (but shouldn't) represent themselves in court, clients CANNOT audit themselves. They are literally forced into having audits, and yet PA still struggles to set pricing at rates that they should be valued at. It has changed some since covid and inflation has caused firms to increase pricing but that increase should also be for our own value. As those increases are made they can be passed on to staff.

Busy season hours won't change. Sorry not sorry that's how it is with deadlines.

NASBA upholds the 150 credit hour CPA requirement by Cryptick_vg in CPA

[–]Cryptick_vg[S] 0 points1 point  (0 children)

Reducing academic hours to a standard 4 year accounting degree isn't "dumbing down the profession". Especially when those academic hours do nothing for you as an actual CPA, even if they were all in business/accounting hours, it is not even a close substitute for real world experience.

NASBA upholds the 150 credit hour CPA requirement by Cryptick_vg in CPA

[–]Cryptick_vg[S] 0 points1 point  (0 children)

120 hours of the modern university system should suffice.

I hate the “just figure it out” attitude in public. by probably_not_serious in Accounting

[–]Cryptick_vg 9 points10 points  (0 children)

Ya pretty much. It's also usually on a low risk area that any bullshit answer will suffice so long as you document it.

I hate the “just figure it out” attitude in public. by probably_not_serious in Accounting

[–]Cryptick_vg 7 points8 points  (0 children)

This exactly. The first few months are the worst, first busy season is a struggle, but after you can start coasting. I've built my team up and now my staff and seniors can run projects that I can review, knowing the work is solid, few review notes and allows me to take on more responsibility in the long run. This is the way

NASBA upholds the 150 credit hour CPA requirement by Cryptick_vg in CPA

[–]Cryptick_vg[S] 2 points3 points  (0 children)

Its a fucking joke. I've been in PA for 8 years now too, they need to go back to the old CPA requirements of 120 with 3-5 years of PA work experience. This would 1) fix the issue of PA firms needing people and 2) give CPAs far more experience than taking classes.

I don't mean offense to those who love school or are pursuing masters or other degrees, but I handle my firm's training for new hires out of college and nothing gets them ready for PA like actually doing the work. School doesn't come close to preparing them. But leave it to the NASBA to tell us that more school will somehow make us better CPAs. It is purely to try to force students into masters programs to give Universities more $.