A person can achieve the Certified Public Accountant designation by clearing the 4 sections of the Uniform CPA Exam
Professional Responsibilities & Ethics
Planning & Supervision
Internal Controls
Corroborative Audit Evidence
Audit Sampling
Audit Reports
Other Auditing & Attestation Topics
Conceptual framework, Financial Reporting & Misc. Topics
Current Assets and Liabilities
Investments, PP&E and Intangibles
Bonds, Leases and Pensions
Deferred Taxes, Equity, EPS & Cash Flows
Consolidation, Foreign Currency, Partnerships & NPO
Governmental Accounting
Taxation of Individuals
Property Transactions & Depreciation
Taxation of C-Corporations
Taxation of Other Entities
Supplementary Taxation Topics
Statutory Reg. & Business Structures
Business Law
Corporate Governance, Internal Controls & ERM
Cost Measurement
Financial Management
Financial Planning & Risk Management
Performance Measures
Economic Concepts & Strategy
Information Technology
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The Auditing & Attestation (AUD) section of the CPA Exam covers the entire auditing process, including auditing procedures, generally accepted auditing standards, standards related to attest engagements and the AICPA Code of Professional Conduct. It's important to remember that the AUD exam tests on how well a CPA candidate applies their audit and attestation knowledge when solving problems and performing specific tasks laid out in the AICPA Blueprints, not how well they are able to memorize auditing concepts.
15-25% Ethics, Professional Responsibilities and General Principles | 20-30% Assessing Risk and Developing a Planned Response |
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15-25% Forming Conclusions and Reporting | 30-40% Performing Further Procedures and Obtaining Evidence |
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a). Start with an Introduction para, then the main body and finally a conclusion para.
b). Brevity is key, overly verbose answers do not yield in extra marks. The more you write, the more likely you are to make mistakes. 500 words is the ideal size.
c). Ensure that the terminology used you by in the WCTs are industry standard terms, as mentioned in the book. For questions where a pneumonic can be used, ensure you mention all the terms from the pneumonic.
The Financial Accounting and Reporting (FAR) section of the CPA Exam is arguably the most difficult, longest and by far the most comprehensive section of the exam. As laid out in the AICPA Blueprints, FAR requires that CPA candidates have a strong knowledge of US GAAP, including 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.
25-35% Conceptual Framework, Standard-Setting and Financial Reporting |
20-30% Select Transactions |
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30-40% Select Financial Statement Accounts | 5-15% State and Local Governments |
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a). Start with an Introduction para, then the main body and finally a conclusion para.
b). Brevity is key, overly verbose answers do not yield in extra marks. The more you write, the more likely you are to make mistakes. 500 words is the ideal size.
c). Ensure that the terminology used you by in the WCTs are industry standard terms, as mentioned in the book. For questions where a pneumonic can be used, ensure you mention all the terms from the pneumonic.
The Regulation (REG) section of the CPA Exam tests a CPA candidate’s knowledge and skill level on federal taxation, business law, business ethics and professional and legal responsibilities. As laid out in the AICPA Blueprints, more than 60% of the REG exam focuses on federal taxation.
55-85% Federal Taxation | 10-20% Ethics, Professional Responsibilities, and Federal Tax Procedures |
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10-20% Business Law | |
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a). Start with an Introduction para, then the main body and finally a conclusion para.
b). Brevity is key, overly verbose answers do not yield in extra marks. The more you write, the more likely you are to make mistakes. 500 words is the ideal size.
c). Ensure that the terminology used you by in the WCTs are industry standard terms, as mentioned in the book. For questions where a pneumonic can be used, ensure you mention all the terms from the pneumonic.
4 Hours
Time
5
Testlets
The Business Environment and Concepts (BEC) section of the CPA Exam tests CPA candidates’ understanding of business concepts and the significance of a CPA’s professional duties and responsibilities within the larger context of the business environment. Areas covered on the BEC Exam are corporate governance, economic concepts and analysis, financial management, information systems and communications, strategic planning and operations management. One unique aspect of the BEC exam is that it requires the candidate to prepare and submit three Written Communication responses.
Many CPA candidates consider BEC to be the easiest section of the CPA Exam. However, BEC pass rates have historically been only slightly higher than those for other sections, and the exam still requires a serious study effort.
17-27% Corporate Governance | 15-25% Information Technology (IT) |
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17-27% Economic Concepts and Analysis | 15-25% Operations Management |
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11-21% Financial Management | |
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a). Start with an Introduction para, then the main body and finally a conclusion para.
b). Brevity is key, overly verbose answers do not yield in extra marks. The more you write, the more likely you are to make mistakes. 500 words is the ideal size.
c). Ensure that the terminology used you by in the WCTs are industry standard terms, as mentioned in the book. For questions where a pneumonic can be used, ensure you mention all the terms from the pneumonic.
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