CPA Certified Public Accountant AA

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
• Debtor-creditor relationships
• Planning an engagement
• Materiality
• Entity's internal control
• Specific areas of engagement risk

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

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

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

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

Reporting and Forming Conclusions (15 to 25%)

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

2. Regulation (REG)

Objectives covered by this section:

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

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

Business Law (10 to 20%)

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

Federal Taxation of Property Transactions (12 to 22%)

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

Federal Taxation of Individuals (15 to 25%)

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

Federal Taxation of Entities (28 to 38%)

• C corporations
• Limited liability companies
• S corporations
• Tax-exempt organizations
• Partnerships
• Trusts and estates
• 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%)

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

Select Financial Statement Accounts (30 to 40%)

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

Select Transactions (20 to 30%)

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

State and Local Governments (5 to 15%)

• Government-wide financial statements
• Comprehensive Annual Financial Report (CAFR)
• State and local government concepts
• 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%)

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

Economic Concepts and Analysis (17 to 27%)

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

Financial Management (11 to 21%)

• Financial valuation methods
• Working capital
• Capital structure

Information Technology (15 to 25%)

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

Operations Management (15 to 25%)

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

Certified Public Accountant (CPA) Exam Certification Path

The certification path for the Certified Public Accountant (CPA) Exam consists of this Uniform CPA Examination with 4 sections that can be taken separately as in one section per test window or all sections at once. After clearing these 4 sections, an ethics exam must also be cleared before your license could be processed.

In such a competitive society, you really should try your best in the examination in order to get the related CPA certification as soon as possible, because the certification is of great importance for the workers in this field, which can set you apart from the mass of common people and gain you immediate respect and credibility. However, exams always serves as "a lion in the way" for the overwhelming majority of the people (without AA pass-king materials), if you are one of the candidates for the exam and are worrying about it now, you are so lucky to find us, since our company is here especially for helping people who are preparing for the exam, our AA test torrent materials will bring you the most useful and effective resources and key points for the exam. The advantages of our AA test-king guide materials are as follows.

High pass rate

I believe that you will find out by yourself that all of the contents in our AA pass-king materials are the quintessence for the exam, and nothing redundant in them. It is universally accepted that the pass rate is the most convincing evidence about how useful and effective the AA test torrent materials are, and our training materials can assert themselves with the highest pass rate in the field. According to the feedbacks of our customers, the pass rate among whom has reached as high as 98% to 100% with the help of our AA test-king guide materials. I can assure you that our training materials really have been proved to be the most useful AA pass-king materials for all of the candidates to prepare for the exam.

Instant Download: Our system will send you the AA practice material you purchase in mailbox in a minute after payment. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)

Mock examination available

One of the biggest advantages of our AA pass-king materials is that you can participate in the mock examination with our software version which is a unique point of our AA test torrent materials. It is quite obvious that mock examination is very useful for people who are preparing for the exam to find deficiencies of your knowledge as well as the shortcomings, so that you can enrich your knowledge before the real exam as well as improving the AA exam skills for the real exam. Only one limitation is that it can only be operated under the Windows operation system with Java script. APP online test engine of AA test-king guide materials has same function which is available for all devices if you want.

Free renewal

Based on the attitude of being responsible for all of our customers, our company will offer the renewal version of our AA pass-king materials for all of our customers for free during the whole year after purchasing. In other words, no matter when we have compiled a new version of our AA test torrent materials, our operation system will send that to your email automatically during a year. Then you will have access to the latest change of AA test-king guide materials even the smallest one in the field which will definitely broaden your horizons. You can definitely be out of the ordinary with the help of our renewal version of our AA training materials available during the year. If you want to be a better person, do not wait any longer, just take action and let our AA test braindumps become your learning partner, we will never live up to your expectations.