CPA Exam Guide - AKPIS Professionals

All About CPA Exam: Best CPA Exam Study Guide

The highest level of expertise in the field of accounting is that of a Certified Public Accountant (CPA). The American Institute of Certified Public Accountants (AICPA), the world’s largest accounting body, administers the test. US CPA course is the right choice if you wish to build a lucrative career in accounting. CPAs are regarded as the best accountants globally and can find employment in a wide range of sectors. To excel as a CPA you must have the best CPA exam study materials, at AKPIS we help you obtain the best knowledge.

What are the four sections in the US CPA Exam?

The US CPA curriculum is well-known for its scope and complexity of topics. The exam also guarantees that an applicant understands all the principles required by an accountant to take on real-world situations. The CPA programme consists of four subjects. These topics often divide CPA exams into four categories. They are as follows:

BEC – Business Environment Concepts
AUD – Auditing and Attestation
FAR – Financial Accounting and Reporting
REG – Regulations

As your partner in the accounting journey, AKPIS works alongside you in the pursuit of your dream. From comprehensive study material to individual attention, we handle it all. AKPIS helps students with:

Live classes for students.
Small batch size to ensure personal attention.
GLEIM, the best CPA exam study material.
Online Doubt solving sessions.
A special mentorship program with personal timing.
Placement assistance.

How is the CPA Exam Structured?

You have a time limit of four and a half hours, to complete the Exam:

5 minutes — Welcome/enter launch code
5 minutes — Confidentiality/section information
4 hours — Testing time
15 minutes — Break after third testlet (option to pause Exam timer)
5 minutes — Survey

Each of the four sections in the examination is made up of five smaller sub-sections, known as testlets. These encompass multiple-choice questions (MCQs) and Task-based simulations (TBSs). BEC demands three written communication tasks. The number of MCQs and TBSs questions differs in nature basis the section you are working with. There would be at least one research question in the AUD, FAR, as well as in RGP segment. AKPIS offers ultimate CPA exam guide with the best content provider, GLEIM.

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What are the Contents of Each Section in the US CPA Exam?

Section 1: Auditing and Attestation (AUD): It is a 4-hour examination with 50% MCQs and 50% Task-Based Questions. The following content areas are included:

General Principles, Professional Responsibilities, and Ethics
Identifying the risk and formulating a plan of action
Performing further procedures and gathering evidence
Drawing conclusions and reporting

Section 2: The Financial Accounting and Reporting (FAR): This section is a 4-hour examination consisting of 50% Multiple Choice Questions (MCQs) and 50% of Task-Based Simulations.The following content areas are included:

Standard-setting, conceptual framework, and financial reporting
Select Financial Statement Accounts
Transaction Selection.
Governments at the state and local levels

Section 3: The Regulation (REG): section is a 4-hour examination consisting of 50% Multiple Choice Questions (MCQs) and 50% of Task-Based Simulations. This section covers the following topics:

Business Law
Federal Taxation of Property Transactions
Federal Taxation of Individuals
Federal Taxation of Entities

Section 4: Business Environment and Concepts (BEC): This segment is a four-hour test of 50 per cent multiple-choice questions (MCQs), 35 per cent task-based simulations, and 15 per cent written communication (WCT). It includes the following content areas:

Corporate Governance
Financial & Operations Management
Information Technology
Economic Concepts and Analysis

When Should I take the CPA Exam?

AKPIS suggests its students start their preparation as early as possible. We have students that hail from different spheres of lives, from students, working professionals to home-makers. As your accounting study coach, we understand the constraints that come with each sphere. With GLEIM content, we ensure you have the best CPA exam study material at your disposal, to excel in the accounting realm.

How Should I Prepare for the US CPA Exam?

If you are here, you are in the correct place. AKPIS Professionals offers live classes online, to ensure quality education reaches you irrespective of the distance. We also extend classroom training offering USA CPA exam coaching in Lajpat Nagar. AKPIS offers the best and most comprehensive content by GLEIM. Other than live classes, we also offer online doubt solving sessions, small batches for personal attention, placement assistance, and recorded video lectures with CPA Exam study material online, to help you revise during exam time.