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Showing posts from July, 2021

How CPAs can help you escape Financial Fraud?

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Do you keep a count on the number we encounter today? Be it tax scam, immigration scam, charity scam, social networking scam, fake check scam, or the grandparent scam, it’s causing havoc in the finance world.  And who is in the role of busting the fraudster?  We have accountants to fight financial fraud. They are the true superheroes who are busting frauds for decades.   Accountants pride themselves on their role as protectors of their clients -- using their continuing education; vast resources from the IRS and industry; and even the audit process to help business owners and investors to side-step the worst of scenarios. 1.   Reallocating the accounting duties Because of their size, many small businesses have one person that always handles bookkeeping functions such as client receivables, processing client payments, paying invoices, managing petty cash, and recording these functions in their accounting system. This makes it easy for cases of fraud to go unnotic...

Why Should You Pursue CPA After CMA? - The Dual Benefit

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B.Com fresher or finance graduates are quite competitive when they start with their first job. It’s rather common among them to constantly chase for certifications and what’s after, just to match up with their fellow contemporaries. For those who are imaging whether it is quite required, then I would say it is quite required and why so no when to have the chance to stand out.  To underline that US CPA & CMA after your name or on your resume, you should not think twice. Both are stand-alone certifications that ladder your career to the pinnacle. Plus, you will have a higher pay scale when you are a certified accountant.  The basic difference between the CPA and the CMA certification is that they have different responsibilities that they perform at the organization level. CPAs are more focused on the accounting disciplines where CMA has a unique blend of business administration with accounting responsibilities.  Here is why having CPA + CMA will have the benefits -...

How To Study With Miles CPA Review!

Are you wondering why our CPA alumni are so well-placed and successful at their careers? Would you want to be a part of the CPA alumni pool that covers 80% of the CPA/CMA ecosystem in India? Here are the 10 reasons to choose Miles CPA Review before you try your chance in corporate accounting.  # 1 Miles Education is led by India’s favorite CPA/CMA instructor Varun Jain, CPA, CMA, Harvard B-School Alumnus. # 2 Miles CPA Review offers a comprehensive package of best-in-class study material which fits Indian sentiments in accounting  # 3 Miles has a unique training delivery model and assistance with all formalities not only for the CPA exams but also the CPA license. # 4 Miles gives you complete access to its bulk of online test banks practice questions and mock exams (includes 8000+ MCQs and 500+ simulations including Document Review Simulations) # 5 CPA package comes with Wiley CPA Test Prep Guides - India Series - Authored by Varun Jain.  # 6 Content delivery in exam...

AICPA In The Making Of Futuristic Accountants

Contemporary corporate structures which bank on automation and fair applications on robotic technologies have challenged the traditional ledger system today. When the industry is busy tidying up its space with digitized tools and gadgets, how are accountants going to respond to the demands? Of the entire accounting community, the senior accountants are most reluctant to adopt technology in tax-audit operations. Until last year when the Covid-hit, market demanded to force-forward remote operations in the accounting domain. Finally, the proposals were looked at, even the biggest denials were transformed to the nod of assertion in adopting applied fintech.  Looking at the need for transformations, CFOs have taken the lead to get their accountant’s tech education right. In order to drive the financial growth for the organizations, CFOs are on the lookout to affix innovation in the domain of accounting. As per reports, fintech acquisitions by finance firms had their prominence more than...

CPA Exam Tips: To-Dos For ‘The’ Month Before D-Day

 The exam is knocking at the door, Prometric dates will soon be around, lectures are done and you are wondering how to get ready for the final huddle. All you have to do is list down and prepare a checklist for the day and repeat. And just to put you at ease, we have listed down four essentials to follow and tips to keep you on track. Know the right way to revise First, you need to stop worrying that you have forgotten some topics and focus on revising and investing the maximum hours memorizing what have already learned. If you follow the review course from Miles Education, you would have enough mnemonics to run through Varun Jain’s lecture classes . Else you can make a few of your own, this will help recall the concepts faster during your exam.  There is no merit to one revision method. Hence do try out flashcards, short summaries that you can stick to your CPA bibles, or stick notes at charts at your desk as a reminder. Don't get too decorative over revision not...