The cpa examination

966 views

Published on

Published in: Business, Education
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
966
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

The cpa examination

  1. 1. ACCT 492<br />Kimberly Frederick<br />Marcus Hilbert<br />Tyler Hodson<br />The CPA Examination<br />
  2. 2.
  3. 3. CPA Exam: Background <br />First administered in 1917. <br />CPA exam is uniform in all 50 states and is administered by individual State Boards of Accountancy. <br />Approximately 100,000 candidates sit for the CPA Exam each year. <br />In 1996 the exam became a closed exam. <br />
  4. 4. CPA Exam: Prerequisites <br />Prerequisites vary from state to state. <br />Idaho prerequisites:<br />150 credit hours to receive certificate, however, do not need 150 credit hours to sit for exam. <br />Minimum degree required: Baccalaureate<br />30 semester hours in business administration subjects, of which 20 semester hours in the study of accounting subjects<br />Minimum age requirement: 18<br />
  5. 5. UNIFORM CPA EXAMINATION PASSING RATES for 2010<br />
  6. 6. Becker Professional Education: Becker CPA Exam Review<br />Kaplan CPA Review: kaplanCPAreview.com<br />Roger CPA Review: rogerCPAreview.com<br />CPA Review’s<br />
  7. 7. CPA Testing Location<br />
  8. 8. CPA Testing Schedule<br />January – February<br />April- May<br />July-August<br />October- November<br />
  9. 9. CPA Exam: Cost <br />Costs vary from jurisdiction to jurisdiction. <br />The average cost for the exam is $575 to $800.<br />Idaho exam fees:<br />Initial Application Fee:$100<br />Audit:$207.15<br />Financial:$207.15<br />Regulation:$185.10<br />Business:$185.10<br />Total:$884.50<br />
  10. 10. The CPA Examination<br />Computer-based<br />Keyboard with numeric keypad, Mouse<br />Four sections taken separately<br />Auditing & Attestation (4 hours)<br />Financial Accounting & Reporting (4 hours)<br />Regulation (3 hours)<br />Business Environment and Concepts (3 hours)<br />
  11. 11. Auditing and Attestation Section<br />Four hour testing time<br />Passing score is 75 on a 0-99 scale<br />90 multiple-choice questions<br />Three testlets (approx. 30 questions each)<br />7 short Task-Based Simulations<br />1 Research question<br />
  12. 12. Multiple-Choice Example<br />
  13. 13. Task-Based Simulation Example<br />
  14. 14. Task-Based Simulation:Research Question Example<br />
  15. 15. Tools within the Exam <br />
  16. 16. Auditing & Attestation Exam Content <br />12-16% engagement acceptance and planning<br />16-20% entity and internal control<br />16-20% procedures and evidence<br />16-20% audit findings, communications, and reporting<br />12-16% review services engagements<br />16-20% professional responsibilities<br />
  17. 17. Idaho Requirements for Licensure<br />Pass the CPA Exam<br />Pass the Ethics Exam<br />150 Semester / 225 quarter credits<br />Background Check<br />Must be an Idaho resident<br />1 year / 2,000 hours of experience working under a licensed CPA<br />

×