About Lipscomb
Mankin voted in as national chair of CPA exam subcommittee
Assistant Professor of Accounting Jeff Mankin has been appointed as the chair of a national subcommittee that prepares a portion of the questions for the Certified Public Accountant (CPA) Exam.
The American Institute of Certified Public Accountants’ (AICPA) Financial Accounting and Reporting (FAR) Simulations Subcommittee is made up of seven accounting experts -- professors and professionals -- who work together to create simulation questions and answers for the FAR section of the CPA exam.
Mankin has been a member of the subcommittee for five years, but this year the members voted him to become chair of the subcommittee, a new position just established.
As a long-time member of this committee, Mankin has gained an insider’s knowledge of the CPA exam, which gives him valuable perspective as he prepares future accountants at Lipscomb to perform at their best on the exam.
“It’s pretty fascinating,” said Mankin, who has been with Lipscomb for 17 years. “I’ve been on the subcommittee for a few years now, and it has really helped me to teach our students in a way that doesn’t just prepare them for the CPA exam, but also for the professional world after graduation. This subcommittee’s work, as a team, will be a major influence in the lives of not only the students at Lipscomb, but every student who takes the CPA exam.”
“We are delighted that Dr. Mankin is serving in this highly significant role,” said Charles Frasier, chair of Lipscomb’s Department of Accounting. “His insight and teaching experience provide a valuable framework for reviewing and revising potential CPA exam questions.”
Financial Accountsing and Reporting (FAR) is one of four sections on the Uniform CPA Examination . The FAR section covers five areas of financial accounting: concepts and standards for financial statements; typical items in financial statements; specific types of transactions and events; accounting and reporting for governmental entities; and, accounting and reporting for nongovernmental and not-for-profit organizations.
Most students who take the CPA exam find it difficult to pass all four sections the first go-around. Ben Bargagliotti, a May 2005 graduate, passed the CPA exam in his first sitting. He said the education from Lipscomb prepared him to succeed on the exam.
“The Lipscomb accounting program is a great program,” Bargagliotti said. “Lipscomb has a great core faculty who not only know their subject matter, but also care about their students.”
Beginning in August, students and professionals will be able to earn a Master of Accountancy (MAcc) degree at Lipscomb University. Lipscomb’s 30-hour master’s program will help prepare students to become a CPA, but more importantly it will provide the skills and knowledge much in demand in today’s changing business world, said Greg Carnes, dean of Lipscomb’s College of Business.