The Certified Public Accountant (CPA) Exam is mandatory to all those aspiring to practice Accounting. The exam is administered by the American Institute of Certified Public Accountants, and ensures that professionals meet the high educational standards required of a Public Accountant.
Certified Public Accountant Exam Structure
The CPA exam covers four major areas in accounting, and is a computer based exam.
Auditing and Attestation (AUD): This section evaluates the candidates knowledge of standard auditing procedures and standards Business Environment and Concepts (BEC): This section evaluates the candidates knowledge of business environments and business concepts, ensuring that they understand the business perspective on accounting and are fully aware of the accounting processes surrounding business transactions Financial Accounting and Reporting (FAR): In this section, the examinee displays their knowledge of the accounting principles and procedures for business, not-for-profit organizations, and governmental departments, ensuring that they know how to apply this knowledge to real world situations. Regulation (REG): The regulation section of the exam evaluates the candidates knowledge of the legalities and regulatory framework of accounting. Topics covered include taxation, ethics, legal responsibilities, professional responsibilities, and business law.
Certified Public Accountant Exam Study Guide
This stringent exam basically revolves around a candidates ability to apply theoretical knowledge to the real world. Given the complexity and scope of the CPA exam, it is essential that a Certified Public Accountant exam study guide is invested in. Give yourself every chance possible to succeed and practice. Come well prepared and confident.