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CPA Best Books – 2017 Exam

CPA Best Books – 2017 Exam

CPA Best Books –  Best Books are available for CPA examination 2017

CPA Best Books –

CPA Best BooksDownload

Wiley CPA Exam Review 2013, Financial Accounting and Reporting

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Wiley CPAexcel Exam Review April 2017 Study Guide: Business Environment and Concepts (Wiley Cpa Exam Review Business Environment & Concepts)

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McGraw-Hill Education 500 Regulation Questions for the CPA Exam

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Rigos Primer Series Cpa Exam Review 2017

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Rigos Primer Series Cpa Exam Review – Financial Accounting Questions and Answers

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McGraw-Hill Education 500 Financial Accounting and Reporting Questions for the CPA Exam

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McGraw-Hill Education 500 Business Environment and Concepts Questions for the CPA Exam

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Wiley CPAexcel Exam Review 2016 Study Guide January: Set (Wiley Cpa Exam Review)

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McGraw-Hill Education 500 Auditing and Attestation Questions for the CPA Exam

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CPA Best Books – 2017 Exam

CPA Best Books –  

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Auditing and Accounting Manual Study Material

Wolf Accounting and Tax Update Financial Managers Society Accounting Update Presented by Jim McGough CPA pdf

2014 WILEY CPA Excel Focus Notes Regulation Study Material

Wiley CPAexcel 2015 Focus Notes Fianancial Accounting pdf

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Accounting Workbook For Dummies Study Material

Accounting Principles A Business Perspective Financial Accounting Chapters 1 to 8 pdf

2014 WILEY CPA Excel Focus Notes Financial Accounting Study Material

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2014 WILEY CPA Excel Focus Notes Business Study Material

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CPA Best Books – 2017 Exam

CPA Best Books –  A CPA requires a broad spectrum of knowledge and proficiency in it. The purpose of CPA exam syllabus is to provide detailed information on the subject matter of the CPA course. So, the entire CPA exam syllabus is broken down into 4 sections, each section dealing with a body of related knowledge. Each section has different subjects to be covered.

CPA Best Books – 2017 Exam

CPA Best Books –The 4 sections of the CPA exam are as follows:

  1. Auditing and Attestation (AUD),
  2. Financial Accounting and Reporting (FAR)
  3. Regulation (REG),
  4. Business Environment Concepts (BEC)

CPA Best Books – 2017 Exam

CPA Best Books – Auditing and Attestation (AUD)

Considered as the most difficult section of the CPA exam, this section mainly focuses on the all aspects of auditing. This section tests the examinee’s ability to handle professional tasks of certified public accountant and how they would further apply in real-life scenarios.

Auditing and Attestation covers:

  • The basic principles of auditing and designing of audit plans.
  • It enables you to learn and prepare audit reports with ease.
  • It encompasses compilations and attestation engagements to maintain a professional code of conduct during audit process.
  • You will have to give a demonstration of their awareness level with regards to International Auditing and their standards.
  • It also includes understanding risk assessment.

The broad areas of CPA AUD syllabus and their weightage is as follows:

Auditing and Attestation
TopicPercentage
Engagement Acceptance and Understanding the Assignment12% – 16%
Understanding the Entity and Its Environment (including Internal Control16% – 20%
Performing Audit Procedures and Evaluating Evidence16% – 20%
Evaluating Audit Findings, Communications, and Reporting16% – 20%
Accounting and Review Services Engagements12% – 16%
Professional Responsibilities16% – 20%

CPA Best Books – 2017 Exam

CPA Best Books – There is the vast volume of FAR materials, therefore, it is suggested that they opt for this section first. Taking up the FAR section first will benefit candidates in the long run, as it is considered as the most time consuming section.
Financial Accounting and Reporting covers:

  • The various aspects of the financial reporting practiced in the modern day business enterprises, or government entities.
  • The key differences between GAAP basis and IFRS basis.
  • The content which will help you to perform proper judgments in the application of principles in accounting.
  • Compilation, evaluation and analysis of financial statements, execution of calculations and identification of various financial and reporting methods.

The broad areas of CPA FAR syllabus and their weightage is as follows:

Financial Accounting and Reporting
TopicPercentage
Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements17% – 23%
Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures27% – 33%
Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures27% – 33%
Governmental Accounting and Reporting8% – 12%
Not-for-Profit (Nongovernmental) Accounting and Reporting8% – 12%

CPA Best Books – 2017 Exam

CPA Best Books –Business Environment and concepts (BEC)

Business Environment and concept section is treated as one of the most challenging exams because of its extensive material and it deals with business and economic concepts. The CPA BEC section will help you to move one step further in business knowledge and help them apply the knowledge in real-world scenarios.

Business Environment and concepts covers:

  • Business environment in general, and its core concepts.
  • Foundational grounding in accounting and are exposed to underlying reasons for accounting implications
  • Financial management information technology, and business strategies in addition to accounting concepts.
  • Economic concepts, financial management, information systems and communications, strategic planning and operations management.
  • Testing to determine different business strategies with their knowledge in strategic planning and market risks.
  • Making financial decisions, forecasting trends in the market, and understanding internet’s implication in business.

The broad areas of CPA BEC syllabus and their weightage is as follows:

Business Environment and concepts
TopicPercentage
Corporate Governance16% – 20%
Economic Concepts and Analysis16% – 20%
Financial Management19% – 23%
Information Systems and Communications15% – 19%
Strategic Planning10% – 14%
Operations Management12% – 16%

CPA Best Books – 2017 Exam

CPA Best Books – Regulation (REG)

Regulation (REG) is the combination of federal taxation and business law. This section comprises of basic understanding of business ethics. Most of the portion will seem like content straight out of business law books.

Regulation covers:

  • Tax concepts related to personal, partnership and corporate.
  • Capability to understand legal responsibilities
  • Tax implication and its various uses in business entities.
  • Various tax issues and its consequences, wherein they will have to make alternative treatment and its application in real life scenarios.

The broad areas of CPA REG syllabus and their weightage is as follows:

Regulation
TopicPercentage
Ethics, Professional, and Legal Responsibilities15% -19%
Business Law17% – 21%
Federal Tax Process, Procedures, Accounting, and Planning11% – 15%
Federal Taxation of Property Transactions12% – 16%
Federal Taxation13% – 19%
Federal Taxation of Entities18% – 24%

CPA Best Books – 2017 Exam

CPA Best Books – TOPICS PER EXAM SECTION

AUDITING
4 HRS
Ethics, Professional Responsibilities, and General Principles; Assessing Risk and Developing a Planned Process; Performing Further Procedures and Obtaining Evidence; Forming Conclusions and Reporting
BUSINESS ENVIRONMENT & CONCEPTS
4 HRS
Corporate Governance; Economic Concepts and Analysis; Financial Management; Information Technology; Operations Management
FINANCIAL
4 HRS
Conceptual Framework, Standard-Setting, and Financial Reporting; Select Financial Statement Accounts; Select Transactions; State and Local Governments
REGULATION
4 HRS
Ethics, Professional Responsibilities and Federal Tax Procedures; Business Law; Federal Taxation of Property Transactions; Federal Taxation of Individuals; Federal Taxation of Entities

CPA Best Books – 2017 Exam

CPA Best Books –The subject areas and times allotted per subject are:
Auditing and Attestation (AUD) – 4 hours
Financial Accounting and Reporting (FAR) – 4 hours
Regulation (REG) – 4 hours
Business Environment and Concepts (BEC) – 4 hours

Candidates may apply to take one or more sections of the exam during a “testing window” but each section may only be taken once during a testing window.  A “testing window” is a three-month period of time during which the candidate is able to take the exam.  There are four “testing windows” each year.  The exam is not offered during the last month of each window (referred to as “dark”) to allow for maintenance on the system.
The testing windows are as follows:
January 1 – February 28 (March dark)
April 1 – May 31 (June dark)
July 1 – August 31 (September dark)
October 1 – November 30 (December dark)

CPA Best Books – 2017 Exam

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