Free Cpa Exam Questions Will Help You Pass The Cpa Exam

Most applicants find that prepping for the CPA Exam to be an arduous and expensive task

. But it doesn't have to be! Don't be fooled into thinking that the only successful Certified Public Accountants graduated college with accounting majors. The opposite is actually true! All types of professional backgrounds may apply and pass the CPA exam.

After meeting the State's prerequisites, the applicant should research the four different parts of the CPA exam and develop a self-assessment to determine which sections need the most review. There are four sections that will be tested: Financial Accounting and Reporting, Auditing and Attestation, Regulation and Business Environment and Concepts. It does not matter what order you take them in, but you must pass all four within a twelve month period.

The Business Environment and Concepts exam discusses risk management and information systems, including inventory systems and financial reporting systems. Another very big topic is corporate governance, including the role of the CEO and the Board of Directors. In recent years, many companies have outsourced functions overseas. The globalization of business is tested as well.

The Financial Accounting and Reporting exam will discuss a new topic: International Financial Report Standards (IFRS). Test-takers are expected to identify the key differences between IFRS and U.S. GAAP. Variance Analysis is another interesting subject that will be covered. There are many free CPA exam resources that will help applicants conquer this challenging topic. Journal entries and the corresponding eliminating entries are also covered.

The Regulation exam deals with many topics, but one of the biggest ones is U.S. Federal Taxation. It would be a good idea to brush up on gifting, educational benefits and itemized deduction and medical cost rules before sitting for this exam. The roles of the State Boards of Accountancy and the AICPA's Statements on Standards for Tax Services will also be discussed.

One of the most important jobs that a CPA is eligible for is to be a financial auditor. The Auditing and Attestation exam will ensure that the candidate has a mastery over topics such as the International Standard on Accounting, the U.S. Auditing Standards, and the various types of auditing and attestation services available. This is probably one of the most important roles of an accountant as shareholders rely on unbiased reports and assessments to make investment decisions.

The exams are scored based on the difficulty of the test you were given along with many other variables. Almost all applicants leave the exam wondering if they passed. It is definitely a difficult test! Just remember, you only need a 75% to pass. Now, before you spend thousands of dollars for a CPA exam review, please research the following free CPA exam sample questions and tutorials. There are a lot of free resources available to help you earn this coveted license!

by: Christopher Jones..

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