How much Certified Public Accountant (CPA) Exam Cost

The cost of this exam differs according to the state of but roughly it costs around USD 200 per section and a total of around USD 800 for all four sections. Hover on to the official website of AICPA and choose your state for more pricing information. Other costs may also incur like buying the CPA exam dumps pdf and then practicing for the exam via the CPA practice test.

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%)

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

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

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

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

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

Reporting and Forming Conclusions (15 to 25%)

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

2. Regulation (REG)

Objectives covered by this section:

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

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

Business Law (10 to 20%)

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

Federal Taxation of Property Transactions (12 to 22%)

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

Federal Taxation of Individuals (15 to 25%)

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

Federal Taxation of Entities (28 to 38%)

• Trusts and estates
• Tax-exempt organizations
• C corporations
• S corporations
• Partnerships
• Liquidation of business entities & tax treatment of formation
• Limited liability companies

3. Financial Accounting and Reporting (FAR)

Objectives covered by this section:

Standard-Setting, Conceptual Framework, and Financial Reporting (25 to 35%)

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

Select Financial Statement Accounts (30 to 40%)

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

Select Transactions (20 to 30%)

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

State and Local Governments (5 to 15%)

• Comprehensive Annual Financial Report (CAFR)
• Government-wide financial statements
• Specific types of transactions and events: calculation, measurement, presentation in a governmental entity, and valuation
• State and local government concepts

4. Business Environment and Concepts (BEC)

Objectives covered by this section:

Corporate Governance (17 to 27%)

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

Economic Concepts and Analysis (17 to 27%)

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

Financial Management (11 to 21%)

• Financial valuation methods
• Working capital
• Capital structure

Information Technology (15 to 25%)

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

Operations Management (15 to 25%)

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

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How to book the Certified Public Accountant (CPA) Exam

Follow the steps mentioned below to book the Certified Public Accountant (CPA) Exam:

• Step 1: Determine your eligibility from the NASBA website by clicking here
• Step 2: Select a jurisdiction where you want to become a licensed CPA
• Step 3: Access the application by clicking here
• Step 4: Complete the application, prepare from the CPA exam dumps and submit all required documents
• Step 5: Schedule your exam by following this link

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