Ask these questions to get better at executing a strategic plan | Understanding the impact of the Defense Cost Accounting Standards Board | Do you have enough saved for college?
April 28, 2017
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Ask these questions to get better at executing a strategic plan
Once you have a strategic plan in place, the next step is successful execution. This article offers a series of questions to make sure your organization will excel at carrying out its plans.
Forbes (4/25) 
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A&A Report
Understanding the impact of the Defense Cost Accounting Standards Board
A new Defense Cost Accounting Standards Board will be set up as part of the National Defense Authorization Act for Fiscal Year 2017. This article looks at the possible impact of the board and the questions that will have to be resolved.
The National Law Review (4/27) 
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Live CPE Webinar: Forget Value Billing. Think Value Building.
Value billing is a trendy buzzword, but for most accountants the reality is that tax, accounting and payroll have become commodity services. It can be hard to change client perceptions, so how do you make your practice more profitable? In this webinar, you'll learn simple, practical ways to make your practice more profitable and build true sustainable value. Save your seat.
Financial Focus
Do you have enough saved for college?
One rule of thumb parents can use to make sure they are on track to save for college is to multiply the age of their children by $2,000, according to Fidelity Investments. This offers a rough estimate of how much money should be saved to afford half the cost of attending a public, in-state university.
The New York Times (free-article access for SmartBrief readers) (4/26) 
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Take the Hassle out of Finding CPE for 2017
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Tax Spotlight
Tax planning for a nonresident entering the US tax system
Immigrants who enter the US tax system as nonresidents and successfully maintain that status can often lower their US tax bills. This article discusses those tax-lowering techniques and how to qualify for them.
The Tax Adviser (4/2017) 
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Career Development
Bingo balls, atomic elements and passing the CPA Exam
What do these seemingly disparate things have in common? The number 75, which will remain the magic number for passing the new CPA Exam even as it undergoes a standard-setting process. Learn more about the process and gain a better understanding of how scores are calculated.
AICPA Insights (4/27) 
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Default Google Chrome to incognito mode
In incognito mode, users can browse the internet more securely. Learn how to launch Chrome’s incognito mode by default in Windows 10.
Journal of Accountancy print issue (4/2017) 
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Policy & Regulatory
Acosta confirmed by Senate for Labor Secretary
The Senate voted 60-38 to confirm law school dean R. Alexander Acosta, President Donald Trump's Labor Secretary nominee.
The New York Times (free-article access for SmartBrief readers) (4/27),  The Wall Street Journal (tiered subscription model) (4/27) 
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Market Update
ECB maintains interest rates, stimulus
As widely expected, the European Central Bank said it would hold interest rates steady and continue its ambitious stimulus scheme. Most economists responding to a Reuters poll say they expect the policy to remain in place until June, when a slight change in approach might be possible.
Reuters (4/27),  Deutsche Welle (Germany)/Agence France-Presse/Reuters (4/27) 
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High-yield bonds may be set for downturn, experts say
Despite isolated gains in some territories, the global high-yield bond market experienced a $10.5 billion outflow in March, the highest level since December 2015, after several years of popularity for the asset class. Some US institutional investors contend that valuations may have reached their post-crisis limit and have started to exit their positions.
Bloomberg (4/28) 
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Navigating the tax interest area website
Find out how to get the most out of your AICPA Tax Section membership during a hands-on virtual tour of the Tax Section website on May 12 at 3 p.m. EDT. We'll guide you through valuable resources, provide tips on how to access them easily, show you how you can suggest new resources and discuss volunteer opportunities. Additional dates are available.
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Register today: Not-for-profit learning for all experience levels
The AICPA Not-for-Profit Industry Conference, June 21-23, addresses generational trends, societal challenges and changing demographics for a thorough situation analysis. That information will shape the numerous sessions catering to varying experience levels. Register by May 7 to save $75.
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Humor has a tremendous place in this sordid world. ... If you can see things out of whack, then you can see how things can be in whack.
Theodor Seuss Geisel,
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The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations and federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.
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