The BEC exam is 2.5 hours in length and is widely recognized as the most basic CPA exam. The BEC section mainly covers managerial accounting topics like breakeven analysis and budgeting processes along with general economic concepts. It includes topics about GAAS, public company auditing, attestation guidelines and rules, and internal controls. The AUD section is the longest CPA exam section taking 4.5 hours. The BEC section has a written communications section that requires four business essays written on various topics. AUD, FAR, and REG all have task-based simulations where business situations are given and you are expected to compute calculations and show your real-life understanding of the topics. All the sections have 3-4 testlets multiple-choice questions. Each section covers different topics and materials. Check your state’s requirements before you start planning your exam process. States also require an ethics exam that is published by the AICPA. Some states require 1 year of work experience in public auditing while other require 2 years of general public accounting experience. Once you pass the exam, many states have additional requirements to become licensed. You have to have a bachelor’s degree in something along with specific related courses. In other words, you can’t just take random college classes until you reach 150 hours. Also, at least a bachelor’s degree must be completed in the 150 credit hours. Exam candidates must have 150 college credit hours of education with a specific amount of hours designated to accounting, finance, business, and law courses. In general, most states have the same testing requirements. Each state has its own set of requirements, so it is a good idea to visit NASBA to see if you meet the requirements in your state before you start studying. Requirementsīefore you can take the CPA exam, you have to meet the minimum educational requirements. Some state also require an additional ethics exam once the CPA exam has been completed. The CPA exam is developed and created by the American Institute of Certified Public Accountants or the AICPA to be the primary licensure exam in the United States. If you have sat for one section, you know this is no easy feat. Six months of studying and four sections later, I passed the entire CPA exam the first time.
#BEST CPA STUDY MATERIAL REDDIT 2018 PROFESSIONAL#
The CPA exam or the Uniform CPA Examination is recognized as one of the most difficult professional exams.
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