How to book the Certified Public Accountant (CPA) Exam

Follow the steps mentioned below to book the Certified Public Accountant (CPA) Exam:

• Step 1: Determine your eligibility from the NASBA website by clicking here
• Step 2: Select a jurisdiction where you want to become a licensed CPA
• Step 3: Access the application by clicking here
• Step 4: Complete the application, prepare from the CPA exam dumps and submit all required documents
• Step 5: Schedule your exam by following this link

What is the duration, language, and format of the Certified Public Accountant (CPA) Exam

• Duration of Exam: 16 hours of total
• Language of Exam: English
• Passing score: 75 for each section
• Format: Multiple choice, Task-based, communication tasks

Topics of Certified Public Accountant (CPA) Exam

The CPA Exam test consists of four, four-hour sections. You must clear all four sections within 18 months with a minimum score of 75 on each part. The core topics for each of the four sections are listed below. These contents are likely to be used for the examination. However, on any particular delivery of the test, other similar topics could also appear.

It is recommended that, where possible, the applicant uses these contents and/or other resources to provide background information on the exam objectives. The syllabus for the Certified Public Accountant (CPA) Exam is listed below with detail of each section and their topics:

1. Auditing and Attestation (AUD)

Objectives covered by this section:

Developing a Planned Response & Assessing Risk (20 to 30%)

• Entity's internal control
• Specific areas of engagement risk
• Materiality
• Planning an engagement
• Assessing and identifying the risk of material misstatement
• Debtor-creditor relationships

Professional Responsibilities, Ethics & General Principles (15 to 25%)

• Communication with component auditors
• Ethics and professional conduct
• Engagement documentation
• Nature and scope
• Communication with management
• A firm's system of quality control

Obtaining Evidence & Performing Further Procedures (30 to 40%)

• Written representation
• Performing specific procedures to get evidence
• Subsequent events
• Sampling techniques
• Acquisition and disposition of assets
• Internal control deficiencies and misstatements

Reporting and Forming Conclusions (15 to 25%)

• Reports on auditing engagements
• Other reporting considerations
• Reporting on compliance
• Reports on attestation engagements
• Review service engagements

2. Regulation (REG)

Objectives covered by this section:

Federal Tax Procedures, Professional Responsibilities, and Ethics (10 to 20%)

• Federal tax procedures
• Legal duties
• Responsibilities in tax practice
• Licensing and disciplinary systems

Business Law (10 to 20%)

• Business structure
• Contracts
• Government regulation of business
• Agency
• Debtor-creditor relationships

Federal Taxation of Property Transactions (12 to 22%)

• Estate and gift taxation
• Determination of taxable estate
• Cost recovery
• Acquisition and disposition of assets
• Gift tax deductions
• Gift tax annual exclusion

Federal Taxation of Individuals (15 to 25%)

• Computation of tax and credits
• Computation of tax and credits
• Alternative Minimum Tax
• Gross income
• Reporting items from pass-through entities
• Filing status
• Passive activity losses

Federal Taxation of Entities (28 to 38%)

• Liquidation of business entities & tax treatment of formation
• C corporations
• S corporations
• Trusts and estates
• Partnerships
• Tax-exempt organizations
• Limited liability companies

3. Financial Accounting and Reporting (FAR)

Objectives covered by this section:

Standard-Setting, Conceptual Framework, and Financial Reporting (25 to 35%)

• Conceptual framework
• General-purpose financial statements
• Standard setting and conceptual framework for nonbusiness entities
• Public company reporting topics
• Special purpose framework
• Standard setting for non-business entities

Select Financial Statement Accounts (30 to 40%)

• Compensation benefits
• Cash and cash equivalents
• Income taxes
• Inventory
• Property, plant, and equipment
• Long-term debt
• Investments
• Intangible assets

Select Transactions (20 to 30%)

• Fair value measurements
• Subsequent events
• Contingencies and commitments
• Software costs
• Differences between IFRS and U.S. GAAP
• Research and development costs
• Business combinations
• Nonreciprocal transfers
• Accounting changes and error corrections
• Derivatives and hedge accounting
• Foreign currency transaction and translation
• Leases

State and Local Governments (5 to 15%)

• Comprehensive Annual Financial Report (CAFR)
• State and local government concepts
• Government-wide financial statements
• Specific types of transactions and events: calculation, measurement, presentation in a governmental entity, and valuation

4. Business Environment and Concepts (BEC)

Objectives covered by this section:

Corporate Governance (17 to 27%)

• Internal control frameworks
• Regulatory frameworks and provisions
• ERM (Enterprise Risk Management) frameworks

Economic Concepts and Analysis (17 to 27%)

• Market influences on business
• Economic business cycles
• Financial risk management

Financial Management (11 to 21%)

• Working capital
• Capital structure
• Financial valuation methods

Information Technology (15 to 25%)

• Role of information technology business
• IT governance
• Processing integrity
• Systems development of maintenance
• Information security/availability

Operations Management (15 to 25%)

• Planning techniques
• Performance management
• Process management
• Cost accounting

How to study the Certified Public Accountant (CPA) Exam

In order to study for the Certified Public Accountant (CPA) Exam, use the exam blueprints and study resources by accessing the links at the bottom of this document. Use the material on the internet to learn all the exam contents in detail and then take the practice sample tests through the AICPA website. The “Help” button on each sample test provides a link to tutorial topics that can be further used to gain more in-depth knowledge. Students are highly encouraged to join AICPA's Certification community where they can join students from all over the world and learn together. CPA exam dumps are highly recommended for candidates as they are the best study materials. For further exam self-study materials, refer to the links down below.

As always, We recommend a combination of hands-on experience, completion of the training course, and self-study in the areas described in the Exam Outline section of this exam guide as preparation for this exam. After all sorts of study, test your understanding by taking the CPA practice exams. Hover on to AICPA's Website and take a look at study materials provided for the exam. Check for the topics mentioned in the Exam Outline section of this guide to review the online documentation, tip sheets, and user guides and study the details relevant to those topics. Refer to the links at the end of this document for more study material.