Government
What is the State of Arizona fiscal year-end?
June 30th.
How many supplemental schedules are there to the 990s?
16
What does FASB stand for
Financial Accounting Standard Board
What was the name of the company before Fester & Chapman?
Starkweather and Fester
What is a passing score for the CPA exam
75
Who do we contract to conduct the county audits
The Office of Auditor General
What schedules is used to reconcile the audited financial statement to the 990?
Schedule D
What does ASU stand for?
Accounting Standard Update
Name a month that the firm does NOT have audit clients with a fiscal year end?
August, March, April
How many sections and total house in the CPA exam?
4 sections & 16 hours
What is the full Korean name of the firm's government audit partner?
Hyungju Hur
What is the tax form a Partnership files?
Form 1065
Non-profits with gross receipts normally over this amount must file Form 990 instead of the simpler Form 990-EZ
$200,000
What were the first names of the OG Fester&Chapman owner?
Larry and Bill
Who admonitors the CPA exam in Arizona?
Arizona State Board of Accountancy
What are three Arizona counties which never been client's of our firm?
Maricopa, Pima, Santa Cruz
For an organization with a 6/30 YE, what is the original due date for their 990?
November 15th
What accounting standard provides the framework for nonprofit accounting rules?
ASU 958
What year did Fester & Chapman move to current office?
December 2016
What does FAR stand for?
Financial Accounting and Reporting
What does ACFR stand for?
Annual Comprehensive Financial Report
What is the SALT limitation on Sch A of a 1040?
$10,000
What are the two categories of net assets used in nonprofit financial statements
Without donor restrictions and with donor restrictions.
What is the firm's peer review fiscal year-end?
March 31st
How long do you have to pass all parts of the exam once the first one is passed?
30 months