Financial Accounting and Reporting
- Structure
| Exam Time : 4 hours | |
| 3 Testlets: 90 multiple choice questions | 60% |
| 1 Testlet: 7 tasked based simulations | 40% |
- Content Specification Outlines (CSOs)
| Content | Percentage Allocation |
| Conceptual Framework, Standards, Standard Setting and Presentation of Financial Statements
|
17% – 23% |
| Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation and Disclosure | 27% – 33% |
| Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation and Disclosure | 27% – 33% |
| Governmental Accounting and Reporting | 8% – 12% |
| Not for Profit (Non-governmental) Accounting and Reporting | 8% – 12% |
Auditing and Attestation
- Structure
| Exam Time : 4 Hours
|
|
| 3 Testlets: 90 multiple Choice Questions | 60% |
| 1 Testlets: 7 tasked based simulations | 40% |
- Content Specifications Outlines (CSOs)
| Content | Percentage Allocation |
| Auditing and Attestation: Engagement Acceptance and Understanding the Assignment |
12% – 16% |
| Understanding the Entity and its Environment
(Including Internal Control) |
16% – 20% |
| Performing Audit Procedures and Evaluating Evidence |
16% – 20% |
| Evaluating Audit Findings, Communications and Reporting |
16 – 20% |
| Accounting and Review Services Engagements | 12% – 16% |
| Professional Responsibilities | 16% – 20% |
Regulation
- Structure
| Exam Time :3 Hours
|
|
| 3 Testlets: 72 multiple Choice Questions | 60% |
| 1 Testlets: 6 tasked based simulations | 40% |
| Content | Percentage Allocation |
| Ethics and Responsibilities in Tax Practice | 15% – 19% |
| Business Law | 17% – 21% |
| Federal Tax Process, Procedures, Accounting and Planning |
11% – 15% |
| Federal Taxation of Property Transactions | 12% – 16% |
| Federal Taxation Individuals | 13% – 19% |
| Federal Taxation Entities | 18% – 24% |
Business Environment Concept
- Structure
| Exam Time :3 Hours
|
|
| 3 Testlets: 72 multiple Choice Questions | 85% |
| 1 Testlets: 3 written communication tasks | 15% |
| Content | Percentage Allocation |
| Corporate Governance | 16% – 20% |
| Economic Concepts and Environment | 16% – 20% |
| Financial Management | 19% – 23% |
| Information Systems and Communications | 15% – 19% |
| Operations Management | 12% – 16% |
Skill Specification Outline (SSOs)
The skill specification outlines identify the skills to be tested on the Uniform CPA Examination. There are three categories of skill and weightings as follows:
| Skills Category
|
Weights
(FAR, REG, AUD) |
Weights
(BEC) |
| Knowledge & Understanding | 50%-60% | 80%-90% |
| Application of the Body of Knowledge |
40%-50% |
– |
| Written Communication
|
– | 10% – 20% |
