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Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
Preparation Guide for CPA Regulation Exam
Introduction
The AICPA is committed to providing students and Certified Public Accountant, CPA Regulation candidates with the information and tools to guide them to successful entry into the accounting profession.
AICPA vision is to establish a standardized process to deliver in a cost-effective and time-efficient manner a superior quality higher education in accounts across the globe with the CPA Regulation Certifications.
AICPA's goal or objective is to ensure that a business manager who earns the CPA or CABM credential today will be knowledge-competent and ethical for throughout his/her career and that he/she will then broaden these core knowledge proficiencies and ethical values to tomorrow when he/she becomes a business executive (e.g., CEO) or a corporate director. To this end, AICPA represents a single and collective voice for the entire business management profession, which symbolizes self-regulation by the profession.
Certification is evidence of your skills, expertise in those areas in which you like to work. If candidate wants to work in Public Accountant and prove his knowledge, Certification offered by AICPA. This CPA Regulation Exam Certification helps a candidate to validates his skills in Public Accountant.
In this guide, we will cover the CPA Certification exam, CPA Certified professional salary and all aspects of the CPA Certification.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Federal Taxation of Individuals | 22-32% | - Individual Tax Computation - Deductions - Gross Income - Tax Credits - Property Transactions |
| Topic 2: Business Law | 15-25% | - Debtor-Creditor Relationships - Contracts - Business Structure - Federal Securities Regulation - Agency |
| Topic 3: Ethics, Professional Responsibilities and Federal Tax Procedures | 10-20% | - Legal Duties and Responsibilities - Ethics and Professional Responsibilities - Federal Tax Procedures |
| Topic 4: Federal Taxation of Entities | 23-33% | - Partnerships - Limited Liability Companies - Entity Tax Compliance - S Corporations - Trusts and Estates - C Corporations |
| Topic 5: Federal Taxation of Property Transactions | 5-15% | - Property Tax Basis and Cost Recovery - Gains and Losses - Like-Kind Exchanges and Involuntary Conversions |
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