CLA Facts & Figures
"CLA" is short for the firm's formal name.
What is CliftonLarsonAllen LLP
All individual taxpayers must complete this basic tax form annually
What is a Form 1040
**TRUE OR FALSE**
All of the workstations in our office are "sit to stand"
What is True
Does GAAP require the accrual or cash basis of accounting?
What is Accrual
The CPA exam consists of this many sections
4, four-hour sections
Regulation
Financial Accounting and Reporting (FAR)
Auditing and Attestation (AUD)
Select one of:
Business Analysis and Reporting (BAR)
Information Systems and Controls (ISC)
Tax Compliance and Planning (TCP)
CLA has office locations in all of the following, except:
A. East Coast
B. West Coast
C. Midwest
D. Canada
What is Canada
Willful failure to pay taxes is called
What is tax evasion
What year did the Nashville office open:
A. 2015
B. 2019
C. 2021
D. 2022
What is C. 2021
The three branches of accounting:
A. Legislative, Executive, Judicial
B. Financial, Management, Cost
C. Corporate, Financial, Investment
B. Financial Accounting, Management Accounting, Cost Accounting
What are the 2 criteria for passing the exams
you must pass all 4 parts within 30 months; you must earn a minimum of 75% on each part
In CLA's branding & marketing strategy, we use the "CLA" logo and often times another image (hint: it is a mode of transportation)
What is a bicycle
An individual taxpayer must file their income tax return by this date
What is April 15th
How many laps around the office walking track make a mile?
What is 13
The term used to explain how quickly a company can convert assets into cash
What is liquidity
The CPA exam review course CLA provides to committed campus hires at no cost:
A. Becker
B. Surgent
C. Gleim
D. UWorld Roger
A. Becker
Many companies refer to their people as "employees", however the people at CLA go by this name.
What are family members
This tax bill is scheduled to sunset/expire in 2026
What is the Tax Cuts and Jobs Act
All of these CLA family members were part of the original Nashville office, except:
A. Mike Slavik
B. Andrew Pendleton
C. Cat Faughnan
D. Colby Siebersma
Who is Andrew Pendleton (B)
In addition to Mike, Cat, and Colby, 3 other CLA family members relocated from multiple office locations to start our Nashville office.
Mark Wyzgowski, Marcus Bowman, and John Laham
The 3 major types of assurance engagements public accounting firms offer to clients
What are Audits, Reviews, Compilations
The bonus you are eligible for when you pass all 4 sections of the CPA exam before your first anniversary of employment at CLA
A. 10,000
B. 4,000
C. 3,000
D. 1,000
C. $3,000
$2,000 after year 1 of employment
--------------------------------------
+ $2250 bonus to cover the cost of exam fees
CLA employs approximately this many family members:
A. 2,000
B. 3,500
C. 8,700
D. 10,000
What is C. = 8,700
This type of entity generally involves one founder and owner, and is reported on schedule C of that individual's tax return
What is a sole proprietor
Name one of the local non-profit organizations that we serve, represented by the guitars on display at the reception area
Who is
Free Guitars for Kids
or
Alex LeVasseur Memorial (Jeffrey Steele)
There are many types of financial statements, list 2
What are balance sheets, income statement, statement of income, statement of operations, cash flow statement, statement of equity, statement of comprehensive income
The number of Educational Hours required for CPA Licensure in Tennessee
150 semester hours