If you're interested in becoming a Certified Public Accountant (CPA), you'll need to pass the CPA Test. The CPA Test is made up of four sections, each of which is designed to test your knowledge of different accounting topics. These four sections are Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).
Exam Objectives:
The CPA Test is designed to test your knowledge of various accounting and financial topics. Each of the four sections of the CPA Test covers different topics:
- The Auditing and Attestation (AUD) section covers auditing procedures, professional standards, and the skills needed to perform audits.
- The Business Environment and Concepts (BEC) section covers business strategy, economics, and management.
- The Financial Accounting and Reporting (FAR) section covers financial accounting and reporting for business entities, including accounting for specialized transactions and partnerships.
- The Regulation (REG) section covers federal taxation, ethics, and business law.
To pass the CPA Test, you'll need to have a solid understanding of each of these topics.
Exam Details:
The CPA Test is computer-based and consists of four separate sections, each of which is four hours long. The cost to take each section of the CPA Test varies by state, but it typically ranges from $150 to $300 per section. To pass the CPA Test, you'll need to earn a score of at least 75 on each section.
The CPA Test is administered by the American Institute of Certified Public Accountants (AICPA). You can take each section of the CPA Test at any time during the year, but you'll need to schedule your exam appointment in advance through the AICPA's website.
Who should take the exam?
The CPA Test is designed for individuals who want to become Certified Public Accountants. To be eligible to take the CPA Test, you'll need to have completed a certain number of college credits in accounting and business courses. The specific requirements vary by state, so be sure to check with your state's Board of Accountancy to find out what the requirements are in your state.
Related Books:
There are a number of books and study materials available to help you prepare for the CPA Test. Here are a few of the most popular ones:
- Wiley CPAexcel Exam Review 2021 Study Guide: This study guide covers all four sections of the CPA Test and includes practice questions and explanations for each topic.
- Roger CPA Review: This review course includes video lectures, practice questions, and simulated exams to help you prepare for the CPA Test.
- Gleim CPA Review: This review course includes audio lectures, practice questions, and study materials to help you prepare for the CPA Test.
- Becker CPA Review: This review course includes video lectures, practice questions, and simulated exams to help you prepare for the CPA Test.
Regardless of which study materials you choose to use, it's important to give yourself plenty of time to prepare for the CPA Test. Studying for the CPA Test can be a challenging and time-consuming process, but with the right tools and a solid study plan, you can pass the CPA Test and become a Certified Public Accountant.
Passing the CPA Test requires a lot of hard work and dedication. Here are a few tips to help you prepare:
With hard work and dedication, you can pass the CPA Test and become a Certified Public Accountant. Good luck!