Why Accountants Don't Become CPAs

We've got a plethora of news today, including the reasons behind IMA's concerns about AICPA & NASBAs new accounting curriculum, and why accountants are passing on getting the CPA license. We'll cover some finer points about the SPAC atrocity known as Lordstown Motors, and then dive into app news, including Expensify's foray into payroll, some neobank news, Gusto's acquisition of Ardius for R&D tax credits, Intuit's final blow to TradeGecko, aka QuickBooks Commerce, and more!

Show Notes
 
1:56 – David talks specifics on Bookkeepers.com
 
https://www.goingconcern.com/the-ima-is-beefing-with-the-aicpa-and-nasba-over-the-future-of-accounting-education/
 
6:22 – AICPA, NASBA launch CPA Evolution Model Curriculum - Journal of Accountancy https://www.journalofaccountancy.com/news/2021/jun/aicpa-nasba-launch-cpa-evolution-model-curriculum.html
 
IMA pushes back on CPA Evolution
 
13:20 – Time commitment, relevance push people away from CPA Exam
 
13:40 – A CPA Pipeline Report: Decoding the Decline
 
17:58 – Let us know your take on the CPA – if you have it, if you don’t, if you’re thinking about it …Tell us why you love it, hate it, or feel nothing about it! Call us at 202.695.1040! 
 
18:40 – We’ve got voicemail! Thank you Chris, from Guam!  

21:54 – SPAC Deals Slow Dramatically After Move by SEC | Los Angeles Business Journal
https://labusinessjournal.com/news/2021/jun/21/spac-deals-slow-dramatically-sec-changes/
 
 
23:10 – The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno
 
23: 51 – Top Lordstown Motors executives out as SPAC-backed startup teeters
 
26:35 [Expensify] WhatsApp + Splitwise = Expensify.cash (now open for early access)
33:06 – The Expensify Discussion on Blake’s Twitter:
https://twitter.com/BlakeTOliver/status/1405745448380366848

37:15 – AmEx opens first business banking accounts 
 
39:10 – Novo, a neobank for SMBs, banks $41M
 
40:20 – Unit Raises $51M To Expand Products, Integrations
 
43:28 – Gusto makes first acquisition, buying Ardius to expand into R&D tax credits – TechCrunch
46:00 – Sunsetting of the QuickBooks Commerce standalone product (formerly TradeGecko)
 
50:18 – Fastly: The Right Way to Apologize for an Outage | SaaStr



Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040


Need Accounting Conference Info? 

Check out our new website - accountingconferences.com


Limited edition shirts, stickers, and other necessities

Subscribe

Accounting Podcast Network: https://accountingpodcastnetwork.com/


Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info.

Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

Join our newsletter!

Get notified about new episodes and other updates from Blake and David

Got it. You're on the list!
Podchaser - Cloud Accounting Podcast

Copyright © 2020 Blake Oliver