What is the 20/20 Member Challenge?
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Society Issues New Publication Production Schedule
If you also elected to receive the printed Forum, this is the last monthly issue you will receive. Production of the bi-monthly print publication will continue in November, January, March, May, June, and September. The online enewsletter eForum will continue to be issued on a monthly basis. The fourth issue of the new monthly CPA CPE Circular will be mailed September 15. If you should have any questions or comments about the Society's amended newsletter publication policy, please contact Forum Editor Elyse Turla at the Society office (713.622.7733; eturla@houstoncpa.org).
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FASB Rolls Out New Standards Codification
The Financial Accounting Standards Board has officially launched its FASB Accounting Standards Codification, an online interactive research tool that will serve as the single source of authoritative nongovernmental U.S. generally accepted accounting principles.
The codification is effective for interim and annual periods ending after September 15, 2009. All existing accounting standards documents will be superseded by the codification and all other accounting literature not included in the codification is considered nonauthoritative by FASB.
The codification re-organizes the thousands of U.S. GAAP pronouncements into roughly 90 accounting topics and displays all topics using a consistent structure. It also includes relevant Securities and Exchange Commission guidance that follows the same topical structure in separate sections in the codification.
The codification will be available in both basic (no charge) and professional views (subscription required). FASB also plans to sell a four-volume bound edition of the codification by the end of August.
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Society Staff Welcomes Shelly Smallwood!
 The newest addition to the Houston CPA Society office family is Staff Assistant – Receptionist Michelle "Shelly" Smallwood. Originally from South Texas, Shelly lived four years in San Antonio and for the last 15, has called Houston home.
Experienced in the retail and hospitality industries, she worked 13½ years in the Galleria with Crabtree & Evelyn and The Disney Store, and 12 years with the Houston Marriott Westchase (formerly the Adam's Mark Hotel) and Hilton Houston Westchase.
Shelly celebrated her fifth wedding anniversary with husband Alan and fuzzy, black, long tailed "kids" Kenny and Kyle last month. In her spare time she enjoys traveling to visit our National Parks (covering several states, driving all the way) and really good books.
Welcome Shelly next time you are at the Houston CPA Society offices.
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Houston CPA Society Now On Facebook And LinkedIn!
Houston CPA Society Embraces Social Networking…read more about it on the Member Benefits page.
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Computer-Based CPA Exam Testing Window Opens
The next testing window for the computer-based Uniform CPA Examination is October 1, 2009 through November 30, 2009. There is no filing deadline. Candidates may schedule and take each section of the CPA Exam only once during a testing window.
The CPA Examination is comprised of four sections.
AUD Auditing & Attestation
BEC Business Environment & Concepts
FAR Financial Accounting & Reporting
REG Regulation
Information on the content specifications for these sections can be found on a website dedicated to the CPA Exam: www.cpa-exam.org. This site also offers helpful tips for exam candidates and a tutorial each candidate should review.
Go to the Texas State Board of Public Accountancy web site at www.tsbpa.state.tx.us for a complete list of Examination Requirements and the forms required for the Application Processes.
AICPA Offers Tips for CPA Exam Candidates
Preparation for the computerized CPA Exam requires more than command of accounting and business knowledge. Important tips on the exam's navigation, functionality and content are now available. If you have staff members planning to take the exam, be sure to pass along the following link: How To Prepare.
Becker CPA Review Discount Program Available To Member Firms
As a member of the Houston CPA Society, your firm is eligible to participate in the Becker CPA Review direct bill program. Under this program, the firm can save $600 per staff member by paying Becker directly for the review course. This is the same direct bill program used by 9 of the top 10 public accounting firms in the US to attract the best talent for their staff. Level the playing field!
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