CPA- Certified Public Account Exam

The CPA exam is also referred to as the Uniform CPA examination, the exam is set up to protect public interest by ensuring that only Certified and qualified professional Accountants are licensed in the field of Accounting. The CPA certification is recognized in all the states and jurisdictions of the United States of America. This exam tests the knowledge of wide areas of topics included in the Accounting curricula and emphasizes on the knowledge required to practice Public Accounting. The exam content of this certification has been expanded recently in order to instill the skills needed to competently practice public Accounting in the modern world.

The CPA exam tests the skills of entry level CPA experts in 5 areas, these are;

• Analysis,

• Understanding,

• Communication,

•Research, and

• Judgment.

   In order to pass the Certified Public Account exam, 4 key trainings are recommended , and these are the 4 key areas where the exam questions will be based. The four trainings recommended for aspiring CPA certification holders are;

• Financial Accounting and Reporting,

•Auditing and Attestation,

• Business Environment and Concepts, and

•Regulation.

   Financial Accounting and Reporting is a course module that covers wide areas of accounting principles which are practice in the industry, these principles are applicable in the GAAP for Government organizations, non-governmental organizations, Independent Business entities, and International Reporting standards.

 Business Environment and Concept is a major part of the CPA exam and this course training will teach learners the accounting principles applicable to the general Business environment. Individuals undergoing this training will know the implications of different accounting practices on Business transactions, and they will learn the skills required to perform financial statement audits as well as other functions required by a certified CPA.

Auditing and Attestation is another major component of the CPA exam where candidates are tested for their knowledge on auditing procedures, standards , and accounting ethics. A course training in this area will teach learners will teach learners how to handle professional accounting responsibilities, auditing standards and auditing ethics.

“Regulation” is a course module under the CPA certification that teaches learners the knowledge of key accounting components such as Federal taxation, and Business laws.

  The CPA exam is in 4 stages, there are a total of 14 hours required to complete the exam ; Auditing and Attestation{ 4 hours}, Financial Accounting and Reporting { 4 hours}, Regulation { 3 hours}, and Business Environment and Concepts{ 3 hours}. The exam structure is such as that , 60% of it are Multiple choice questions, and the remaining 40% covers task based simulations such as Case studies.

 There are numerous benefits attached to the CPA certification. This certification confirms your abilities to handle simple and complex accounting issues. Without  the CPA certification, it is almost impossible for you to find a job in the Accounting sector.

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