How is the cpa exam broken down?

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Ruthie Block asked a question: How is the cpa exam broken down?
Asked By: Ruthie Block
Date created: Wed, Jun 16, 2021 4:13 PM
Date updated: Thu, Aug 11, 2022 7:50 PM

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Video answer: Time strategies for the 2017 cpa exam

Time strategies for the 2017 cpa exam

Top best answers to the question «How is the cpa exam broken down»

The CPA Exam consists of four, four-hour sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).

Video answer: Tips for choosing a cpa exam prep course

Tips for choosing a cpa exam prep course

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Day 3 of the CFE is another four hour exam, broken down into multiple short cases. Typically, you will be provided with three or four 45-90 minute cases that will total four hours. The most difficult part of Day 3 is time management; if there is any exam that you struggle to finish, it will be this one.

The CPA Exam is broken down into four sections (separate exams). Each section is administered by the AICPA for a total of 16 hours tested. Four hours per section. The four sections are Financial Accounting and Reporting (FAR), Regulation (REG), Auditing and Attestation (AUD) and Business Environment and Concepts (BEC).

Each exam is broken down into five “testlets.” A testlet includes both multiple-choice questions and task-based simulations. In addition to these questions, the BEC section includes writing tasks, and the other three sections all include research-based questions which you’ll need to answer by reading “authoritative literature.”

To become a licensed Certified Public Accountant (CPA), you must meet the education, examination, and experience requirements. All candidates must pass the Uniform CPA Examination ® (CPA Exam), which comprises four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).

The AICPA is the body in charge of writing and creating the exam, but they aren’t in charge of administering it. Instead, each state administers the exam, reports scores to the candidates, and grants licenses to those of us who pass. Let’s look at how the CPA exam is formatted, structured, and scored. New CPA Exam Game Plan

The CPA Exam is designed to measure professional competence in auditing, business law, taxation, and accounting. The AICPA’s goal is for every candidate who passes the exam with the minimum passing score of 75 to reflect positively on the profession. (Learn more about how the CPA Exam is scored.)

The REG CPA Exam is often broken into two parts: taxation and law. Within those topics are Business Law and Federal tax procedures for a variety of entities. While the topics are relatively similar, the breadth beneath each topic is expansive.

The CPA exam is a uniform test . Each of the four sections is broken down into smaller testlets. For AUD, FAR and REG, you will answer multiple choice questions and task-based simulations. In BEC, you will have both of these, plus three written communication tasks.

That’s why I’ve gone ahead and broken down what you need to know below: Required REG Exam Skills. Analysis: 25–35% ; Application: 35–45%; Remembering and Understanding: 25–35%; Concept of Agency. First off, the REG CPA exam will have a series of business law questions about the relationship between an agent and principal.

The actual FAR CPA Exam is four hours long with one 15-minute break built in between the first and second task-based simulation testlets. There are also two optional breaks, one after the first multiple choice testlet and one after the second multiple choice testlet, although the timer does run during these breaks.

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Video answer: How to pass the 2017 cpa exam quickly while working

How to pass the 2017 cpa exam quickly while working