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.
The 4 sections of the CPA exam are as follows:
We will now give you important insights about the above sections and will take you through the syllabus of the most stringent accounting qualification exams in the world, CPA
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.
Auditing and Attestation covers:
The broad areas of CPA AUD syllabus and their weightage is as follows:
|Auditing and Attestation|
|Engagement Acceptance and Understanding the Assignment||12% - 16%|
|Understanding the Entity and Its Environment (including Internal Control||16% - 20%|
|Performing Audit Procedures and Evaluating Evidence||16% - 20%|
|Evaluating Audit Findings, Communications, and Reporting||16% - 20%|
|Accounting and Review Services Engagements||12% - 16%|
|Professional Responsibilities||16% - 20%|
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.
Financial Accounting and Reporting covers:
The broad areas of CPA FAR syllabus and their weightage is as follows:
|Financial Accounting and Reporting|
|Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements||17% - 23%|
|Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures||27% - 33%|
|Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures||27% - 33%|
|Governmental Accounting and Reporting||8% - 12%|
|Not-for-Profit (Nongovernmental) Accounting and Reporting||8% - 12%|
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 and concepts covers:
|Business Environment and concepts|
|Corporate Governance||16% - 20%|
|Economic Concepts and Analysis||16% - 20%|
|Financial Management||19% - 23%|
|Information Systems and Communications||15% - 19%|
|Strategic Planning||10% – 14%|
|Operations Management||12% - 16%|
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.
The broad areas of CPA REG syllabus and their weightage is as follows:
|Ethics, Professional, and Legal Responsibilities||15% -19%|
|Business Law||17% - 21%|
|Federal Tax Process, Procedures, Accounting, and Planning||11% - 15%|
|Federal Taxation of Property Transactions||12% - 16%|
|Federal Taxation||13% - 19%|
|Federal Taxation of Entities||18% - 24%|
So, if you’re planning to become a Certified Public Accountant, there is not one but 4 exams you need to write. Candidates need to consider each of the sections as a subject for CPA, and the entire CPA exam syllabus is the cumulative of each of these sections. CPAs are in demand in every industry because of the extensive knowledge and high professional standards that a CPA has to maintain.
Well then the next step is to enroll in a good institution that provides training for CPA and you don need too far to search for it. EduPristine provides training for the CPA certification that will help you to clear the CPA exams easily.
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