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CPA Exam 2024 Details, Syllabus, Eligibility, and FAQs

17 Jul, 2024

CPA exam

The CPA (Certified Public Accountant) exam is a prestigious accounting certification that can help advance your career in accounting and finance. The CPA exam is administered by the American Institute of Certified Public Accountants (AICPA) and consists of four sections.

In this article, we will discuss the details, syllabus, and eligibility requirements for the CPA exam in 2024.

CPA Exam 2024 Sections

The CPA exam consists of four sections, each of which must be passed to become a certified public accountant.

The sections are:

  1. Auditing and Attestation (AUD): This section covers the principles and practices of auditing, attestation, and assurance services for clients in various industries.

  2. Business Environment and Concepts (BEC): This section covers business concepts, economic concepts, financial management, information technology, and operations management.

  3. Financial Accounting and Reporting (FAR): This section covers the accounting principles and standards used to prepare financial statements for various types of entities.

  4. Regulation (REG): This section covers the legal and ethical principles and practices that govern business entities, including taxation, business law, and ethics.

CPA Exam Eligibility 2024

To be eligible to take the CPA exam, you must meet the following requirements:

  1. Education: You must have a bachelor's degree or higher from an accredited college or university. The degree should include at least 150 semester hours of education, including specific coursework in accounting and business.

  2. Age: You must be at least 18 years old.

  3. Experience: You must have relevant work experience in accounting or a related field. The amount of experience required varies by state.

  4. State Board Approval: You must be approved by the State Board of Accountancy in the state where you plan to take the exam.

CPA Exam Syllabus 2024

The CPA exam syllabus covers a wide range of topics in accounting and business. The following table provides an overview of the topics covered in each section of the exam.

CPA Exam Section Topics Covered
Auditing and Attestation (AUD) Auditing procedures, audit reports, internal controls, ethics, and professional standards
Business Environment and Concepts (BEC) Corporate governance, economics, financial management, information technology, and operations management
Financial Accounting and Reporting (FAR) Financial statement preparation, financial accounting, and reporting standards, and accounting transactions
Regulation (REG) Federal taxation, business law, ethics, and professional responsibilities

Conclusion

The CPA exam is a rigorous certification exam that requires preparation and dedication. It consists of four sections, each covering different topics in accounting and business. To be eligible to take the exam, you must meet specific education, age, experience, and state board approval requirements. By passing the CPA exam, you can become a certified public accountant and advance your career in accounting and finance.

FAQ

Ques 1. What is the format of the CPA Exam 2024?

Answer: The CPA Exam 2024 consists of four sections, each with a separate exam. The sections are Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).

Ques 2. What is the eligibility requirement to take the CPA Exam 2024?

Answer: To be eligible to take the CPA Exam 2024, you must have a bachelor's degree or higher from an accredited college or university. You must also have completed 150 semester hours of education, including specific coursework in accounting and business. Additionally, you must meet the age, experience, and state board approval requirements.

Quest 3. How long does it take to complete the CPA Exam 2024?

Answer: The CPA Exam 2024 is a computer-based exam and is offered during four testing windows each year. Each section of the exam takes four hours to complete. Candidates can take one or more sections during each testing window.

Ques 4. What is the passing score for the CPA Exam 2024?

Answer: The passing score for each section of the CPA Exam 2024 is 75. The scores are reported on a scale of 0-99, with 75 being the minimum passing score.

Quest 5. What is the syllabus for the CPA Exam 2024?

Answer: The CPA Exam 2024 syllabus covers a range of topics in accounting and business, including auditing, financial accounting and reporting, business environment and concepts, and regulation. Each section of the exam covers specific topics, such as auditing procedures, federal taxation, and financial statement preparation. Candidates should refer to the AICPA website for a detailed outline of the syllabus.

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