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MICPA Welcomes New Student Members in December

As the end of 2020 closes in, we are excited to welcome 39 new Student Members from 10 colleges and universities to the MICPA. We look forward to working with all of our Student Members, new and old, in 2021 to keep your path to CPA on the right track. Do you know any of these new members? Find out who joined in December and welcome them into the fold. 

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HealthCare

CPA Exam Blueprint Revisions

Updated CPA Exam Blueprints Unveiled The profession is evolving and in order to make sure graduates are equipped with the skills they need to be competitive in the profession the CPA Exam is evolving, too. Effective July 1, 2021, the CPA Exam Blueprints will be updated to reflect 35 of 46 proposed changes introduced over the course of the past year. Students are encouraged to familiarize themselves with the new blueprints and use it as an additional bit of study material ahead of their exam.

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Finding Emotional Support in Troubling Times

This just in: sometimes we’re not equipped to solve our own problems. When personal support systems fall through, people need to know they have options. Find out what your options are as a student living in Michigan.

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EmpPerk

How to Celebrate the Holidays With Your Remote Team

Whether your company has been remote for years or just transitioned to working from home over the past several months, fostering a sense of community and connection among your team is crucial for building a positive employee experience.

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FASB Proposed Accounting Standards Update

Norwalk, CT—December 15, 2020—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to address inconsistency and diversity in practice related to the accounting for revenue contracts with customers acquired in a business combination. Stakeholders are encouraged to review and share input on the proposed ASU by March 15, 2021.

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Second PPP Appears Inevitable With New Stimulus Bill

Hot in the news today is the Emergency Coronavirus Relief Act of 2020 (most likely referred to as ECRA). A bipartisan group of congressional lawmakers provided a summary of their proposal for a new COVID-19 relief package that is expected to be passed into law this week. A significant piece of which is an addition to the Paycheck Protection Program (PPP).

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EmpPerk

Michigan Businesses See New Relief Measures

Approximately 650 small businesses across Michigan stand to gain from a new initiative authorized by the Michigan Strategic Fund. The program offers $10 million in grants to eligible businesses adversely impacted by the pandemic. Application open Dec. 15 on a first come, first serve basis with maximum grants of $15,000 available to applicants.

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New Year, New Financial Literacy Priorities

In the wake of a global pandemic which cost millions their jobs and livelihoods, the importance of understanding finances is abundantly clear. Unfortunately, recent studies show that financial literacy among society at large is severely lacking, creating yet more vulnerabilities among the most already at risk. Find out what you, the CPA and financial advisor, can do about it.

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US Millennials In a K-shaped Economy Long Before COVID-19

In a speech on Dec. 1, president-elect Biden spoke about the need to “address the structural inequities in our economy that this pandemic has laid bare” and referred to the “K-shaped” economic recovery, where the letter’s two diverging strokes depict two different economic outcomes facing Americans. The haves and the have-nots.

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3 Things That Separate Positive Leaders From Negative Bosses

Stanford professor Carol Dweck's famous research found that people with a growth mindset believe that their most basic abilities can be developed through dedication and hard work. Brains and talent are just the starting point. "This view creates a love of learning and a resilience that is essential for great accomplishment," states Dweck.

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