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%)

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

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

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

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

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

Reporting and Forming Conclusions (15 to 25%)

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

2. Regulation (REG)

Objectives covered by this section:

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

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

Business Law (10 to 20%)

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

Federal Taxation of Property Transactions (12 to 22%)

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

Federal Taxation of Individuals (15 to 25%)

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

Federal Taxation of Entities (28 to 38%)

• S corporations
• Liquidation of business entities & tax treatment of formation
• Trusts and estates
• Partnerships
• C corporations
• 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%)

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

Select Financial Statement Accounts (30 to 40%)

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

Select Transactions (20 to 30%)

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

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%)

• 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%)

• Capital structure
• Financial valuation methods
• Working capital

Information Technology (15 to 25%)

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

Operations Management (15 to 25%)

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

Professional Content

Without ambiguous points of questions make confused, our AA test torrent materials can convey the essence of the content suitable for your exam. It is because our CPA AA quiz materials are compiled by professional experts being elite in this area more than ten years. So they know it is the necessity and all 100 percent correct checked by professional group all these years. About some difficult points of knowledge, our experts specify them with details down below. So AA actual test materials will be your perfect choice to get the credentials of the exam.

Amiable staff

If you purchasing our CPA AA quiz materials, you will get a comfortable package services afforded by our considerate aftersales services. All staff has strict training to help you solve the questions you have about our AA actual test materials. They are amicable to offer help with amiable personality, and they will also send the new supplements to your mailbox if they are compiled by our experts so you will have content services with the help of our services. You can get to know our sincerity if you choose our effective AA test torrent materials. On your way to success, our AA ebook materials and considerate services will be your around.

With the time preparing for the exam decreasing, and pressure becoming heavier, you are desperately in need of finding the best way to pass the AA exam with efficiency. High-quality CPA AA quiz like ours are pivotal in acerbating the efficiency of passing the exam. They can activate your speed of making progress. So AA actual test materials are highly pertain to the outcomes of the exam. On the other side, the useless practice materials with content deviating from the general or common knowledge cannot fulfill your requirements to remember and practice, but we respect your needs toward the useful practice materials with our AA test torrent materials. So we want to interest you in our AA quiz Materials with their features as follows:

DOWNLOAD DEMO

Dedicated Experts

The experts' enthusiasm towards their area and their denotation as well as obligation to exam candidates contributes to the perfection of our AA actual test materials. With pithy arrangement of the content and necessary points of knowledge, you will master the importance quickly and effectively. Besides, they are acute to trends in this exam and responding to changes, all necessary new content will be added into the updates, and the additional updates will be sent to your mailbox if our experts make something new. So under the exacting writing and compilation of our experts, the AA test torrent materials will help you.

A company with goodwill

As you know, the goodwill is the reliable foundation for company to operate in a long run. Our company keeps the beliefs in mind and pursuit perfection by making our CPA AA quiz materials perfect with high quality and accuracy. Now our AA actual test materials have attracted more exam candidates gaining success with passing rate up to 98 to 100 percent. So we think the perfection of products as the best way to build goodwill in the market.

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.

CPA AA Exam Syllabus Topics: