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Introduction to CPA Regulation Exam

Certified Public Accountant consists of four-part, 16-hour CPA Exam is a masters-level professional certification. Candidates are supposed to pass all four-part assessment with in time frame of 18 months in order to qualify for a CPA license.

The four parts are

  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Auditing and Attestation (AUD)
  • Regulation (REG)

This exam is designed to test the minimum knowledge and skills required of a CPA. The Exam is managed by three main partners:

  • The Exam is provided on behalf of Boards of Accountancy, which issue CPA licenses.
  • Pro metric is the company that delivers the Exam at its authorized test centers.
  • The National Association of State Boards of Accountancy (NASBA) manages the National Candidate Database
  • The AICPA develops, maintains, and scores the Exam.

Before taking this exam, candidates should have a solid knowledge of the topics outlined in this preparation guide.

The Certified Business Manager (CPA) is a global, competency-based credential that is designed to validate the skills and knowledge of accountancy candidate who can operates at a global market.

After passing this exam, candidates get a certificate from AICPA that helps them to demonstrate their proficiency in managing Business to their clients and employers.

Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx

Topics of CPA Exam

Candidates must know the exam topics before they start of preparation. because it will really help them in hitting the core. Our CPA Regulation Exam exam dumps will include the following topics:

CPA Regulation (REG)

  • Federal Taxation of Individuals 15-25%
  • Federal Taxation of Property Transactions 12-22%
  • Business Law 10-20%
  • Federal Taxation of Entities 28-38%
  • Ethics, Professional Responsibilities and Federal Tax Procedures 10-20%

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At the same time, our experts have rewritten the textbooks according to the exam outline of AICPA CPA-Regulation, and have gathered all the key difficulties and made key notes, so that you can review them in a centralized manner. Experts also conducted authoritative interpretations of all incomprehensible knowledge points through examples, diagrams, and other methods. The expressions used in CPA-Regulation learning materials are very easy to understand. Even if you are an industry rookie, you can understand professional knowledge very easily. The CPA-Regulation training torrent: Certified Public Accountant CPA Regulation will be the best study guide for preparing.

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How much CPA Regulation Exam Cost

Exam fees depend upon the jurisdiction where you choose to become licensed. You can find details by referring to your specific Board of Accountancy.

AICPA CPA-Regulation Exam Syllabus Topics:

SectionWeightObjectives
Business Law15-25%- Business structure legal characteristics
- Employment and federal business regulations
- Contract formation and performance
- Agency relationships and authority
- Uniform Commercial Code (UCC) articles
- Debtor-creditor relationships and bankruptcy
Federal Taxation of Individuals22-32%- Gross income inclusions and exclusions
- Loss limitations and carryovers
- Filing status and dependency rules
- Adjustments, deductions, and exemptions
- Tax credits and alternative minimum tax
Federal Taxation of Entities23-33%- C corporations and S corporations
- Tax-exempt organizations
- Partnerships and LLCs
- Gift, estate, and trust taxation
- Book-tax differences
Ethics, Professional Responsibilities, and Federal Tax Procedures10-20%- Privileged communications and disclosure rules
- Treasury Department Circular 230
- Federal tax audit and appeal procedures
- Ethics and responsibilities in tax practice
- Tax preparer penalties and due diligence
Federal Taxation of Property Transactions12-22%- Asset basis and holding periods
- Cost recovery: depreciation, amortization, depletion
- Like-kind exchanges and involuntary conversions
- Capital vs ordinary asset classification
- Recognition of gains and losses

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