Last Updated: Oct 05, 2026
No. of Questions: 70 Questions & Answers with Testing Engine
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REG Section Blueprint (effective July 1, 2019) CPA Exam Study Materials - aicpa
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Certified Public Accountant consists of four-part, 16-hour CPA Exam is a masters-level professional certification. Candidates are supposed to pass all four-part assessment with in time frame of 18 months in order to qualify for a CPA license.
The four parts are
This exam is designed to test the minimum knowledge and skills required of a CPA. The Exam is managed by three main partners:
Before taking this exam, candidates should have a solid knowledge of the topics outlined in this preparation guide.
The Certified Business Manager (CPA) is a global, competency-based credential that is designed to validate the skills and knowledge of accountancy candidate who can operates at a global market.
After passing this exam, candidates get a certificate from AICPA that helps them to demonstrate their proficiency in managing Business to their clients and employers.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
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reference :Gleim website
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Federal Taxation of Individuals | 22-32% | - Gross income inclusions and exclusions - Filing status and dependency rules - Tax credits and alternative minimum tax - Adjustments, deductions, and exemptions - Loss limitations and carryovers |
| Topic 2: Federal Taxation of Entities | 23-33% | - Book-tax differences - Tax-exempt organizations - Gift, estate, and trust taxation - C corporations and S corporations - Partnerships and LLCs |
| Topic 3: Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20% | - Federal tax audit and appeal procedures - Ethics and responsibilities in tax practice - Tax preparer penalties and due diligence - Treasury Department Circular 230 - Privileged communications and disclosure rules |
| Topic 4: Business Law | 15-25% | - Contract formation and performance - Agency relationships and authority - Business structure legal characteristics - Uniform Commercial Code (UCC) articles - Employment and federal business regulations - Debtor-creditor relationships and bankruptcy |
| Topic 5: Federal Taxation of Property Transactions | 12-22% | - Capital vs ordinary asset classification - Asset basis and holding periods - Recognition of gains and losses - Like-kind exchanges and involuntary conversions - Cost recovery: depreciation, amortization, depletion |
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