Data Analytics has become a hot topic in recent years. And rightfully so as the use of big data extends its reach beyond the field of Information Technology. But what is data analytics and why is it making an appearance on the CPA Exam?
Every year, the American Institute of Certified Public Accountants (AICPA) hosts the American Professional Accounting Certification Providers Association (APACPA) meeting—giving CPA Review providers a chance to learn more about their findings on how candidates are performing on the exam, as well as what their plans are for the upcoming year.
In 2016, the FASB issued ASC 842 updating the accounting treatment of leases. The goal of the update was to provide more transparency and comparability among companies regarding lease assets and liabilities. To help ease the transition, the Board has allowed entities time to adopt the new leases standard.