#Beancounter cpa exam advice code#
#Beancounter cpa exam advice professional#

In other words, you have about 110 seconds to answer each MCQ. This means you have about 1.5 – 2 hours to finish all of the multiple-choice questions. I recommend that you leave about 2 – 2.5 hours for the simulations. You have four hours to complete the entire exam, which means you need to budget your time wisely. There is no difference in difficulty between pretest and operational questions, the only difference is that operations simulations are scored and added to your grade while the pretest is not.Īs with all the CPA exam sections, there is no time limit or requirement for each testlet. Out of the 8 simulations, 7 are operations and 1 is pretest. These are split into three different testlets and are formatted in a few different ways: matching, fill-in-the-blank, and research. There are 8 task-based simulations in the REG section. Thus, one difficult question could be worth several easy questions. Difficult questions are weighted differently than easy questions. It sounds weird, but you actually want the harder questions because they are worth more. The opposite is true if you do poorly on the first section. If you do well on these, the next 38 questions will move up to advanced difficulty questions. The first 38 questions will be moderate difficulty MCQs. REG Exam Section Structure REG Exam SectionĪs of 2017, there will be 76 multiple-choice questions on the REG. These questions are split into two 38-question testlets. The second and third testlet will have 3 simulations each. The first TBS testlet will consist of 2 simulations.

This break will not count against your total 4 hour testing time.Īfter you come back from break, you will have three more testlets of tasked based simulations. After the first two MCQ testlets have been submitted, you will be allowed to take an optional 15-minute break. The first two testlets contain 38 multiple-choice questions each. The REG exam consists of five different testlets. View All REG CPA Exam Format and Structure

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Property Transaction Taxation: 12% – 22% – The differences between the taxations of a business and the taxations of an individual will be tested with subjects like an alternative minimum tax (AMT) and the importance of gross income inclusion, along with the taxations of transactions involving property and assets.įederal Individual Taxation: 15% – 25% – covers all individual income tax topics like deductions, exemptions, gains, losses, carryforwards, carrybacks, and everything else related to the 1040 form and its schedules.Įntity Taxation: 28% – 38% – covers legal entities and the ways they are taxed like trusts, tax vehicles, corporations, partnerships, and sole proprietorships.

#Beancounter cpa exam advice code#

This topic can cover things like UCC or Uniform Commercial Code and various business structures. Independence affects a CPAs ability to be objective.īusiness Law: 10% – 20% – covers contracts, transactions or debt relationships, and commercial regulations.

#Beancounter cpa exam advice professional#

View All What’s on the REG CPA Exam Section?įederal Tax Procedures and Professional Ethics & Responsibilities: 10% – 20% – these topics cover professional conduct, independence, and liability. Wiley CPA Review Course Best Instructor Support

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The elements of some of these developing areas of professional work and their implications for contemporary and future education and research are examined. This has called for an expanded accounting skills base which has gained momentum towards the end of the 20 th century. Recent professional accounting association investigations reveal an array of contemporary environmental factors that have accelerated this broadening of the profession’s scope into financial planning, assurance services, strategic, risk, knowledge and change management, and management advisory services. The scope of what constitutes accounting work is found to have been expanding for over 100 years, becoming increasingly at variance with accountants’ traditional beancounter image. Based upon a historiographic linking of past and present, this paper examines the past 100 years of broadening professional practice in the discipline as a basis for offering a presentist examination and critique of contemporary accounting education and research opportunities. Contemporary accounting practice has shown signs of a broadening scope of activities being undertaken both from within and as a service provided to organizations.