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
- Financial Accounting and Reporting (FAR)
- Business Environment and Concepts (BEC)
- Regulation (REG)
- Auditing and Attestation (AUD)
This exam is designed to test the minimum knowledge and skills required of a CPA. The Exam is managed by three main partners:
- Pro metric is the company that delivers the Exam at its authorized test centers.
- The Exam is provided on behalf of Boards of Accountancy, which issue CPA licenses.
- 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.
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.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
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AICPA CPA-Regulation Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Federal Taxation of Individuals | 15–25% | - Gross income inclusions and exclusions - Individual tax computations - Deductions and credits |
| Business Law | 20–30% | - Agency - Contracts - Business structure and regulation - Commercial transactions (UCC) |
| Ethics, Professional Responsibilities and Federal Tax Procedures | 15–25% | - Ethical and professional responsibilities - Federal tax procedures |
| Federal Taxation of Entities | 15–25% | - C corporations taxation - Partnerships - Estate and trust taxation basics - S corporations |
| Federal Taxation of Property Transactions | 5–15% | - Property disposition and recognition of gain/loss - Basis calculations |






