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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.
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This exam is designed to test the minimum knowledge and skills required of a CPA. The Exam is managed by three main partners:
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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.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethics, Professional Responsibilities and Federal Tax Procedures | 10-20% | - Federal Tax Procedures - Ethics and Professional Responsibilities - Legal Duties and Responsibilities |
| Topic 2: Federal Taxation of Entities | 23-33% | - C Corporations - Partnerships - Trusts and Estates - Entity Tax Compliance - S Corporations - Limited Liability Companies |
| Topic 3: Federal Taxation of Individuals | 22-32% | - Property Transactions - Individual Tax Computation - Gross Income - Tax Credits - Deductions |
| Topic 4: Business Law | 15-25% | - Business Structure - Agency - Contracts - Debtor-Creditor Relationships - Federal Securities Regulation |
| Topic 5: Federal Taxation of Property Transactions | 5-15% | - Gains and Losses - Property Tax Basis and Cost Recovery - Like-Kind Exchanges and Involuntary Conversions |
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