CPA Exam Review and Case Analysis
Review for the Uniform CPA Examination under the CPA Evolution model with integrated case analysis: exam structure, scoring, scheduling, credit windows and licensure pathways, blueprint-based study planning, FAR (including governmental and not-for-profit accounting), AUD (ethics, risk, evidence, reporting and attestation), REG (tax practice, procedures, business law, and individual, property and entity taxation), choosing among the BAR, ISC and TCP disciplines, task-based simulations and research tasks, an integrated case across sections and a full practice set with explanations, all with original questions.
ACCT-480 Year 4 3 credits 12 lessons · 5 h 3 min
Offered by HSM University · Accounting
This is the American version of this course. See the Canadian version.
What you'll learn
- Explain the CPA Evolution model, the exam's formats, scoring, scheduling and credit window rules, and the current licensure pathways.
- Build a blueprint-based study plan using retrieval practice, spacing and interleaving, and manage time on exam day.
- Apply FAR requirements for the conceptual framework, the statement of cash flows, EPS, select balance sheet accounts and transactions.
- Apply GASB and FASB requirements for state and local governments and not-for-profits, and FAR's complex business transactions.
- Apply AICPA, SEC and PCAOB ethics and independence rules, and plan audits with materiality and risk assessment under current standards.
- Evaluate audit evidence and sampling results, internal control findings, and report outcomes for audits, reviews, compilations and attestation engagements.
- Apply REG's rules on tax practice ethics, federal tax procedures and business law, including penalties, limitation periods and secured transactions.
- Compute and analyze federal taxation of individuals, property transactions and entities, including entity choice and reasonable compensation.
- Compare the BAR, ISC and TCP discipline sections and choose and schedule one to fit a candidate's goals and credit window.
- Work task-based simulations efficiently, including document review and research tasks in the authoritative literature.
- Analyze an integrated case that crosses FAR, AUD, REG and attestation, following the connections between conclusions.
- Complete and self-assess a mixed practice set, and turn the results into a targeted final study plan.
Course content
12 lessons · 5 h 3 min total · final exam
- 1 How the CPA Exam works under CPA Evolution 27 min · quiz
- 2 Study planning and exam strategy 25 min · quiz
- 3 FAR I: the conceptual framework, financial statements and select transactions 26 min · quiz
- 4 FAR II: governmental, not-for-profit and complex transactions 25 min · quiz
- 5 AUD I: ethics, independence, planning and risk 25 min · quiz
- 6 AUD II: procedures, internal control, reporting and attestation 25 min · quiz
- 7 REG I: ethics, tax procedures and business law 25 min · quiz
- 8 REG II: taxation of individuals, entities and property 24 min · quiz
- 9 The discipline sections: BAR, ISC and TCP 25 min · quiz
- 10 Task-based simulations and research tasks 25 min · quiz
- 11 Integrated case analysis for US practice 25 min · quiz
- 12 Capstone: a full practice set with explanations 26 min · quiz
- E Final exam 20 questions
Requirements
Recommended background. You can start any course at any time.
Description
Review for the Uniform CPA Examination under the CPA Evolution model with integrated case analysis: exam structure, scoring, scheduling, credit windows and licensure pathways, blueprint-based study planning, FAR (including governmental and not-for-profit accounting), AUD (ethics, risk, evidence, reporting and attestation), REG (tax practice, procedures, business law, and individual, property and entity taxation), choosing among the BAR, ISC and TCP disciplines, task-based simulations and research tasks, an integrated case across sections and a full practice set with explanations, all with original questions.
Part of the Business stream, typically taken in year 4.