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How to Prepare For CPA Regulation Exam
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.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
The benefit of obtaining the CPA Regulation Exam Certification
- CPA Regulation Certification is distinguished among competitors. CPA Regulation certification can give them an edge at that time easily when candidates appear for employment interview, employers are very fascinated to note one thing that differentiates the individual from all other candidates.
- CPA Regulation Certifications provide opportunities to get a job easily in which they are interested in instead of wasting years and ending without getting any experience.
- CPA Regulation Exam provide proven knowledge to use the tools to complete the task efficiently and cost effectively than the other non-certified professionals lack in doing so.
- CPA Regulation certified candidates will be confident and stand different from others as their skills are more trained than non-certified professionals.
- CPA Regulation credential delivers higher earning potential and increased promotion opportunities because it shows a good understanding of business Managements.
- CPA Regulation Certification provides practical experience to candidates from all the aspects to be a proficient worker in the organization.
- CPA Regulation certification has more useful and relevant networks that help them in setting career goals for themselves. CPA Regulation networks provide them with the correct career guidance than non certified generally are unable to get.
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AICPA CPA-Regulation Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Federal Taxation of Property Transactions | 12-22% | - Like-kind exchanges and involuntary conversions - Asset basis and holding periods - Capital vs ordinary asset classification - Cost recovery: depreciation, amortization, depletion - Recognition of gains and losses |
| Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20% | - Ethics and responsibilities in tax practice - Treasury Department Circular 230 - Tax preparer penalties and due diligence - Privileged communications and disclosure rules - Federal tax audit and appeal procedures |
| Federal Taxation of Individuals | 22-32% | - Tax credits and alternative minimum tax - Gross income inclusions and exclusions - Filing status and dependency rules - Adjustments, deductions, and exemptions - Loss limitations and carryovers |
| Business Law | 15-25% | - Business structure legal characteristics - Contract formation and performance - Uniform Commercial Code (UCC) articles - Agency relationships and authority - Employment and federal business regulations - Debtor-creditor relationships and bankruptcy |
| Federal Taxation of Entities | 23-33% | - C corporations and S corporations - Gift, estate, and trust taxation - Tax-exempt organizations - Partnerships and LLCs - Book-tax differences |
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