The EDGE- October 2013 

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    AICPA Young CPA Network
    The EDGE
    An e-Newsletter Dedicated to Young CPAs
    As a young CPA, growing your professional network is the key to opening doors to new opportunity, finding a mentor and bouncing ideas off other CPAs in your same boat. But, with limited free time and shrinking travel budgets, finding valuable opportunities to connect can be difficult. The AICPA Young CPA Network has the solution for you! Check out the new Young CPA Network online community, created just for AICPA members. Click here to Join this exclusive community of young CPAs to exchange ideas, grow your career and foster valuable connections…on your time, on your turf.

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    Top 7 Issues Facing Young CPAs
    If you missed this jam-packed session at the August E.D.G.E. conference, then breathe a sigh of relief! Tom Hood, CEO of the Maryland Association of CPAs, shares his insights on the issues that are top of mind for young CPA professional, with tips and techniques on how to turn these challenges into opportunities.
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    Why Multitasking Doesn't Get You Ahead
    Client/company work, Facebook, Twitter, texts, and emails—we are constantly multitasking to get more done in a shorter amount of time. Although it's generally believed that young adults excel at multitasking, a recent study at Stanford found that no one multitasks very well, no matter how old they are. Learn to focus more clearly and manage your time to get the work done while still paying attention to your social connections, friends, and family.
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    10 Business Apps to Make You More Productive
    With more than 800,000 apps for the iPhone, 300,000 apps for the iPad, and 500,000 Android-based apps, there are plenty of options, but which ones are the best to use in business? Aggregated from various sources, here are 10 useful business apps for review. How many of these do you already have and how many do you want to get?
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    Young CPA Community
    Join now!

    New, exclusive online community for young CPAs Looking for networking opportunities that don’t take a chunk of your limited free time or travel budget? The AICPA Young CPA Network has the solution for you! Check out the new Young CPA Network online community, created just for AICPA members. Join this exclusive community of young CPAs to exchange ideas, grow your career and foster valuable connections…on your time, on your turf. Explore the calendar of important events, browse a collection of blogs, ask a question or start a discussion. The possibilities are endless. Don’t forget to request membership to the Young CPA group!
    New! Regional PFS Exam Review Classes in the Fall
    The 2013 PFS exam review class will be held in 3 locations: Columbus, OH (Oct. 22-24); Phoenix, AZ (Oct. 28-30); Atlanta, GA (Nov. 13-15). Whether you are preparing for the PFS exam (Nov. 8 – Dec. 20), or need an overview of personal financial planning (PFP) including tax, estate, retirement, investment, and risk management planning, this course provides a highly engaging, comprehensive overview of PFP, including real-life scenarios from instructor, Tom Tillery. AICPA, Tax Section and state society members receive a 20% discount; PFP Section members receive an extra $100 discount and may qualify for a $600 sponsorship to further offset the cost. Visit
    2013 Digital CPA Conference:
    Helping Practitioners Reach Their Digital Destination
    ‘Digital’ is no longer defined simply by technology. Digital is a destination! Digital CPAs are those that have moved well beyond simply implementing cloud applications to support online transactions. They are progressive leaders that have made changes at all levels of firm operations—from technology and best practices implementation to recruiting the right staff for the digital environment and transitioning clients to an online, collaborative platform. The end result: a highly efficient and profitable business that promises a rich client experience every time.
    AICPA Resources
    Financial Reporting Framework for SMEs
    The AICPA has issued its Financial Reporting Framework for Small- and Medium-Sized Entities. The FRF for SMEs accounting framework is designed for America's small business community. It delivers financial statements that provide useful, relevant information in a simplified, consistent, cost-effective way. The FRF for SMEs framework may be used when GAAP financial statements are not required.
    Free AICPA social media user guides available
    It's time to use social media, the fastest growing marketing medium, to your advantage. The AICPA has developed a set of user guides to help you learn more about the professional benefits that Facebook, Twitter, LinkedIn and blogging offer your CPA practice. You'll find guides with steps for getting started, best practices and tips for effectively starting a conversation with clients and prospective clients on the CPA Marketing Toolkit.
    New report from AICPA and CIMA highlights skills and talents needed for success
    In today's quickly changing economy, CPAs, CGMAs play an important role in helping their organizations meet strategic objectives and build sustainable business models. These individuals reach beyond the more traditional finance focus and, as a result, need to demonstrate advanced and unique capabilities to progress in their careers. Fast Track to Leadership, a new report from the AICPA and CIMA, features global interviews and round tables that capture the changing requirements in skills, experience and behaviors that will help CPAs, CGMAs to identify challenges and develop an action plan to maximize opportunities. Download the report from
    Three ethics resources for CPA, CGMAs
    With the importance of ethics and non-financial reporting rising on the global agenda, CGMAs are in a unique position to make an important contribution to creating a sustainable ethical operating environment. The AICPA and CIMA have developed a number of resources to assist CPA, CGMAs in guiding their organizations to long-term sustainability and success. The Ethical reflection checklist is designed to provide organizations and individuals with an overview of how well ethical practices are embedded in the business. The CGMA case study: Navigating ethical issues highlights issues related to non-disclosure at the corporate level that come to the attention of non-executive financial managers and controllers. Responding to ethical dilemmas: CGMA ethics resources provides links to resources to help CGMAs navigate ethical dilemmas and respond in a manner that upholds their professional standards.
    October 2013
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    Beautiful mind
    Accredited in Business Valuation (ABV) credential Positions you as a premier valuation services provider and increases public awareness of the CPA as the preferred business valuation professional (Learn more)
    Certified in Financial Forensics® (CFF®) credential Showcases your CPA forensic accounting expertise in bankruptcy and insolvency, computer forensic analysis, economic damages calculations, fraud prevention and valuations (Learn more)
    Certified Information Technology Professional® (CITP®) credential Demonstrates your unique ability as a CPA in providing risk assessment, fraud, internal control, audit and/or information management services within your firm or for your employer (Learn more)
    Personal Financial Specialist (PFS) credential Demonstrates your knowledge and expertise in personal financial planning to clients and colleagues, and the CPA-exclusivity distinguishes you from other financial planners (Learn more)
    Chartered Global Management Accountant® (CGMA®) Recognizes the experience and expertise CPAs bring to organizations by helping to ensure success through their understanding of finance, budgeting, internal audit, strategic planning, operations, risk management and governance (Learn more)
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