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CPA Prep Courses

What CPA Prep Courses Cover


Preparing to take the CPA exam can be a daunting task. The variety of topics covered and the level of detail you must know to get a passing score can be overwhelming at first glance. However, high-quality CPA prep courses are designed to make studying for the CPA exam more manageable by breaking each section into targeted lessons.

These are the topics you can expect to review during your CPA exam prep:

Auditing and Attestation (AUD)

This section of the exam is focused on validating that you have the knowledge and skills needed to handle the following responsibilities:

  • Audits of issuer and non-issuer entities. These include governments, non-profits, employee benefits plans, and entities receiving federal grants.
  • Attestation engagements for issuer and non-issuer entities. These include examinations and reviews.
  • Preparation, compilation, and review engagements for non-issuer entities, as well as reviews of interim financial information for issuer entities.


 

Questions are divided into the following areas:

  • Ethics, Professional Responsibilities, and General Principles (15% – 25%)
  • Assessing Risk and Developing a Planned Response (20% – 30%)
  • Performing Further Procedures and Obtaining Evidence (30% – 40%)
  • Forming Conclusions and Reporting (15% – 25%)

 

Business Environment and Concepts (BEC)

The BEC section focuses on tasks related to the following responsibilities:

  • Auditing, Attesting, Accounting, and Reviewing Services
  • Financial Reporting
  • Preparing Taxes
  • Other activities as required of the CPA role


Questions are divided into the following areas:

  • Corporate Governance (17% – 27%)
  • Economic Concepts and Analysis (17% – 27%)
  • Financial Management (11% – 21%)
  • Information Technology (15% – 25%)
  • Operations Management (15% – 25%)

 

Financial Accounting and Reporting (FAR)

There are a long list of standards and regulations that may be tested in the FAR section of the exam, as CPAs are responsible to understand and apply rules issued by the following agencies:

  • Financial Accounting Standards Board (FASB)
  • US Securities and Exchange Commission (SEC)
  • American Institute of Certified Public Accountants (AICPA)
  • Governmental Accounting Standards Board (GASB)
  • International Accounting Standards Board (IASB)


 

Questions are divided into the following areas:

  • Conceptual Framework, Standard-Setting, and Financial Reporting (25% – 35%)
  • Select Financial Statement Accounts (30% – 40%)
  • Select Transactions (20% – 30%)
  • State and Local Governments (5% – 15%)

 

Regulation (REG)

The REG section of the exam is focused on knowledge and skills necessary to perform the functions of your position while complying with the following regulations:

  • Federal Taxation
  • Ethics and Professional Responsibilities
  • Business Law


 

Questions are divided into the following areas:

  • Ethics, Professional Responsibilities, and Federal Tax Procedures (10% – 20%)
  • Business Law (10% – 20%)
  • Federal Taxation of Property Transactions (12% – 22%)
  • Federal Taxation of Individuals (15% – 25%)
  • Federal Taxation of Entities (28% – 38%)


 

Surgent is a leading provider of CPA prep courses. Students have access to more than 350 video lessons, nearly 7,000 practice multiple choice questions, and almost 400 examples of task-based simulations. Students can look forward to dedicated coaching from expert instructors, as well as anytime, anywhere access through Surgent’s mobile app.

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