CPA Question Bank with Suggested Answer

CPA Question Bank with Suggested Answer

CPA Question Bank with Suggested Answer: International candidates are eligible to qualify as U.S. Certified Public Accountants (CPAs) as long as they meet Board of Accountancy eligibility requirements in one of 54 U.S jurisdictions – the 50 states, District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam. (The 55th jurisdiction, the Commonwealth of Northern Mariana Islands, is not yet ready to accept CPA applicants).

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Candidates must be able to take the CPA Examination in English. (It is not available in any other language).

Qualifying through a board of accountancy is the ONLY route to the U.S. CPA license. There is NO central professional body in the U.S. through which candidates may qualify as CPAs.

CPA Question Bank with Suggested Answer

In order to appear for the Certified Public Accountant Examination, the candidates must have any of the below qualification

  • Member of the Institute of Chartered Accountants of India.
  • Member of the Institute of Cost and Works Accountants in India.
  • Member of the Company Secretaries in India.
  • Master of Commerce
  • MBAs

In order to become a CPA in the United States, the candidate must sit for and pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), which is set by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA).

A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body. If you ever consider a career in accounting and want an illustrious career, CPA is the best option for you. CPAs are globally recognized as premier accountants, and are hired across industries throughout the world.

CPA Question Bank with Suggested Answer

Sample Tests

The sample tests provide candidates with a preview of the CPA Examination experience. It is a functional replica of the CPA Examination, and provides candidates with an opportunity to become familiar with the Examination’s format, in an interactive environment. Candidates are advised to familiarize themselves with the Examination functionality demonstrated in the tutorial before they review the sample tests.

The sample test software allows candidates to answer test questions that represent all of the question types found on the CPA Examination: multiple choice (MCQ), written communication (WC) and task-based simulation (TBS). The sample tests do provide answers to sample questions but are not intended for use as study materials in preparation for the Examination.              The sample test papers for Business Environment Concepts are available here for 2016-17. You can download the other subjects sample test papers also, scroll down to download test papers.

Sample Test Papers:

Business Environment & Concepts Sample Test Paper 1Download
Business Environment & Concepts Sample Test Paper 2Download

Other Question Papers

CPA Regulation Sample Test Paper 1Download
CPA Regulation Sample Test Paper 2Download
CPA Regulation Sample Test Paper 3Download
Financial Accounting & Reporting Sample Test Paper 1Download
Financial Accounting & Reporting Sample Test Paper 2Download
Auditing & Attestation Sample Test Paper 1Download
Auditing & Attestation Sample Test Paper 2Download

For other Question Papers refer the following links:

CPA Question Papers  : 

Question PapersDownload

Financial Accounting Question Papers

Download

Taxation Question Papers

Download

Financial Reporting Question Papers

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Integration of Knowledge – Paper 16 CPA Question Papers

Taxation – Paper 11 CPA Question Papers

Download
 Business Law – Paper 3 Question Papers
 Business Computing – Paper 4 Practical CPA Question Papers

CPA Question Bank with Suggested Answer

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CPA Course Syllabus

CPA exam syllabus is broken down into 4 sections. Each of these sections have their own syllabus and exam which you need to be proficient in. 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 Free Study Materials: Download and study all the free materials available here:

CPA Free Study Material-  

Free MaterialDownload

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 CPA excel 2015 Focus Notes Financial 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 Question Bank with Suggested Answer

BEC EXAM CONTENT

17-27% Corporate Governance

  • Internal control and enterprise risk management frameworks
  • Other regulatory frameworks and provisions

17-27% Economic Concepts and Analysis

  • Economic and business cycles
  • Market influences on business
  • Financial risk management

11-21% Financial Management

  • Capital structure
  • Working capital
  • Financial valuation methods and decision models

15-25% Information Technology (IT)

  • IT governance
  • Role of IT in business
  • Information security/availability
  • Processing integrity (input/processing/output controls)
  • Systems development and maintenance

15-25% Operations Management

  • Cost measurement concepts, methods and techniques
  • Variance analysis
  • Process management
  • Planning techniques

CPA Question Bank with Suggested Answer

CPA Course Benefits

The CPA course is considered as the ultimate qualification that has unlimited possibilities to show your potential in the accounting field. Listed below are the detailed benefits of CPA course.

  • International Recognition: Excellent opportunity for CA, ICWA, CS, LLB, MBA (Finance), M.com and Commerce Graduates who aspire for an International Certification. The exam is administered by the AICPA, which is the world’s largest accounting body.
  • Careers Opportunities: After passing the CPA exam candidates start their career with accounting & Auditing Firms, Research firms, Investments banks, Hedge Funds, Private equity firms, Commercial banks, Mutual funds, Merger & Acquisition etc.
  • Flexibility & Ease: It’s a Single Level Online exam with just 4 Papers; one can easily clear the exams in less than a year.
  • Must do for CA, M.Com and Commerce Graduates:There are very few International certifications that you can give along with our job and get such high job potential.
  • Academic Excellence: A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US GAAP, GAAS and US federal taxation and business laws. This gives great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.

CPA Question Bank with Suggested Answer

BEC EXAM OVERVIEW & INSIGHTS

The Business Environment and Concepts (BEC) section of the CPA Exam tests CPA candidates’ understanding of business concepts and the significance of a CPA’s professional duties and responsibilities within the larger context of the business environment. Areas covered on the BEC Exam are corporate governance, economic concepts and analysis, financial management, information systems and communications, strategic planning and operations management. One unique aspect of the BEC exam is that it requires the candidate to prepare and submit three Written Communication responses.

Many CPA candidates consider BEC to be the easiest section of the CPA Exam. However, BEC pass rates have historically been only slightly higher than those for other sections, and the exam still requires a serious study effort.

CPA Question Bank with Suggested Answer

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Watch  CPA  sample lecture Here

Preparing for CPA? - Must read below
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