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**
It's ok to wear jeans to an interview?
What is False
Does GAAP require the accrual or cash basis of accounting?
Accrual
The CPA exam consists of how many sections and for extra credit, what are they?
What is 4, four-hour sections and
Auditing and Attestation (AUD)
Financial Accounting and Reporting (FAR)
Regulation (REG)
Discipline Sections:
Business Analysis & Reporting (BAR)
Information Systems & Controls (ISC)
Tax Compliance & 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
The number of questions you should be prepared to ask at the end of an interview:
A. 0, aren't they interviewing me?
B. 1
C. 3
D. 10
What is D. 10
What are the three branches of accounting:
A. Legislative, Executive, Judicial
B. Financial, Management, Cost
C. Corporate, Financial, Investment
What is B. Financial Accounting, Management Accounting, Cost Accounting
What are the 2 criteria for passing the CPA exams?
What are 4 parts within 36 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
**TRUE OR FALSE**
It's ok to take notes during an interview?
True
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
What agency is responsible for enforcing federal tax laws in the United States?
What is the IRS (Internal Revenue Service)
This is the number of hours you should commit to preparing for an interview:
A. 10
B. 7
C. 3
D. 5
A. 10
According to AICPA, you should spend:
20% researching,
40% thinking about potential questions + answers,
40% writing out your answer and practicing out loud
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 how many family members?
A. 2,000
B. 3,000
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
What is a critical, but often forgot step in an interview process?
What is Follow Up!
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
What is the number of Educational Hours required for CPA Licensure in Washington?
What is 150 semester hours