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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

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%)

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

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

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

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

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

Reporting and Forming Conclusions (15 to 25%)

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

2. Regulation (REG)

Objectives covered by this section:

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

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

Business Law (10 to 20%)

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

Federal Taxation of Property Transactions (12 to 22%)

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

Federal Taxation of Individuals (15 to 25%)

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

Federal Taxation of Entities (28 to 38%)

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

3. Financial Accounting and Reporting (FAR)

Objectives covered by this section:

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

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

Select Financial Statement Accounts (30 to 40%)

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

Select Transactions (20 to 30%)

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

State and Local Governments (5 to 15%)

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

4. Business Environment and Concepts (BEC)

Objectives covered by this section:

Corporate Governance (17 to 27%)

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

Economic Concepts and Analysis (17 to 27%)

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

Financial Management (11 to 21%)

• Working capital
• Financial valuation methods
• Capital structure

Information Technology (15 to 25%)

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

Operations Management (15 to 25%)

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

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.

Who should take the Certified Public Accountant (CPA) Exam

To have a CPA designation, many businesses prefer their accountants. Applicants winning their CPA title will find themselves more hirable and will be better paid. People who wish to become business accountants and explore its dynamic culture to jump-start their certification and lifelong learning goals should take this exam. To become eligible for the exam, a candidate must have completed a 120 program approved by NYSED. As a non-official prerequisite, candidates must have studied the CPA exam dumps. Also, they must have completed their bachelor's degree with accounting as their major.

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