Which is Better: A Year of Education or A Year of Experience? Featuring David Bergstein and Steven Sacks

The 150-hour rule is facing harsh criticism in the accounting staffing crisis.

With Steven Sacks
The NEW Fundamentals: Thriving in Disruption

There is a movement afoot by the state CPA societies to reconsider whether the fifth year of an accounting program that offers the student a Master’s in Accounting is worth the cost, not to mention the increased complexity of business requiring as much exposure and experience as necessary to groom the younger professionals.

FULL SHOW NOTES: here

MORE STEVE SACKS: Sell Service, Not Hours | Fine-Tuning the Subscription Fee Model | When Cyber-Crime Hits Close to Home | How to Build a Winning Proposal | Six Ways to Fix Your Firm Agreement | The Great Resignation or a Reshuffling? | Listen to Learn | Build the Framework to a Solution with Five Answers | Try for Success, Not a Win

However, there is a shortage of 300,000 CPA candidates entering the profession’s pipeline. That's why several states are seeking to eliminate, modify or enhance the educational/experiential model.

Sacks discusses the dilemma of education versus experience with accounting expert David Bergstein, CPA, the chief innovation officer for Bergstein CPA and teaching adjunct for Valencia College.