By Sheila Weinberg, includes “Should CPA students no longer have to learn the basics of government accounting? … A better question might be, ‘Why do we need governmental accounting at all, much less on the CPA exam?’ … Instead of having governmental accounting on the CPA exam, the AICPA and CPAs throughout the country should work to change government GAAP to more closely align with corporate GAAP. They should also work with state and local governments to move to full accrual budgeting. …”
Read the full article on: The CPA Journal