Implementing the financial accounting standards board (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements for Not-for-Profit entities can be confusing. The updated standard states nonprofits must present an analysis of expenses by their function and natural expense classifications in one location, such as in a statement of functional expenses.
Interning at an accounting firm is a great way to learn about the industry, gain valuable experience and hone in on where you’d like to focus. Now that you’ve decided to start interviewing for an internship, how do you prepare for an accounting internship interview?
Internships are a vital part of the accounting industry, but it’s tough to know what to expect from the experience before you walk through the office doors. A few of the spring 2021 Corrigan Krause interns shared what future interns can expect from their internship.