1. Teaching PFAS Under the New CPA Model Curriculum.
- Author
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Nickerson, Mark A. and Hall, Linda A.
- Abstract
Under the new American Institute of Certified Public Accountants (AICPA)-National Association of State Boards of Accountancy (NASBA) Certified Public Accountant (CPA) Evolution Model Curriculum, students seeking to take the Tax Compliance and Planning (TCP) section of the uniform CPA exam will be evaluated heavily on Tax Compliance and Planning for Individuals and Personal Financial Planning. While some undergraduate and graduate finance curricula include personal financial planning, most accounting curricula do not. When modifying their accounting curricula to meet the new CPA exam specifications, universities must address how to cover and deliver new content areas. As many accounting instructors may have never focused on personal finance or financial planning, this may be a new and unfamiliar area for them. This paper aims to describe the proposed learning objectives of the course in Personal Financial Advisory Services (PFAS) recommended by the AICPA-NASBA CPA Evolution Model Curriculum. In addition, the paper provides current accounting instructors with the best pedagogy for delivering such courses based on prior research as well as provides accounting faculty with recommended resources to assist with curriculum development. [ABSTRACT FROM AUTHOR]
- Published
- 2024