CPA Notes – You have been studying accounting for a long time and are now prepared to seek CPA licensure. You are ready to focus on the CPA Examination – its content, structure, format, and delivery. Review this website www.cakart.in to familiarize yourself with the examination information available to you.
CPA Notes – A CPA requires a broad spectrum of knowledge and proficiency in it. The purpose of CPA exam syllabus is to provide detailed information on the subject matter of the CPA course. So, the entire CPA exam syllabus is broken down into 4 sections, each section dealing with a body of related knowledge. Each section has different subjects to be covered.
Considered as the most difficult section of the CPA exam, this section mainly focuses on the all aspects of auditing. This section tests the examinee’s ability to handle professional tasks of certified public accountant and how they would further apply in real-life scenarios.
The basic principles of auditing and designing of audit plans.
It enables you to learn and prepare audit reports with ease.
It encompasses compilations and attestation engagements to maintain a professional code of conduct during audit process.
You will have to give a demonstration of their awareness level with regards to International Auditing and their standards.
It also includes understanding risk assessment.
CPA Notes – There is the vast volume of FAR materials, therefore, it is suggested that they opt for this section first. Taking up the FAR section first will benefit candidates in the long run, as it is considered as the most time consuming section.
The various aspects of the financial reporting practiced in the modern day business enterprises, or government entities.
The key differences between GAAP basis and IFRS basis.
The content which will help you to perform proper judgments in the application of principles in accounting.
Compilation, evaluation and analysis of financial statements, execution of calculations and identification of various financial and reporting methods.
Business Environment and concept section is treated as one of the most challenging exams because of its extensive material and it deals with business and economic concepts. The CPA BEC section will help you to move one step further in business knowledge and help them apply the knowledge in real-world scenarios.
Business environment in general, and its core concepts.
Financial management information technology, and business strategies in addition to accounting concepts.
Economic concepts, financial management, information systems and communications, strategic planning and operations management.
Testing to determine different business strategies with their knowledge in strategic planning and market risks.
Making financial decisions, forecasting trends in the market, and understanding internet’s implication in business.
Regulation (REG) is the combination of federal taxation and business law. This section comprises of basic understanding of business ethics. Most of the portion will seem like content straight out of business law books.
Tax concepts related to personal, partnership and corporate.
Tax implication and its various uses in business entities.
Various tax issues and its consequences, wherein they will have to make alternative treatment and its application in real life scenarios.
Candidates may apply to take one or more sections of the exam during a “testing window” but each section may only be taken once during a testing window. A “testing window” is a three-month period of time during which the candidate is able to take the exam. There are four “testing windows” each year. The exam is not offered during the last month of each window (referred to as “dark”) to allow for maintenance on the system.