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AICPA CPA-Regulation Exam is a critical component of the CPA licensure process that evaluates candidates’ knowledge and skills in federal taxation, professional responsibilities, and business law. CPA-Regulation exam is a computer-based test that consists of multiple-choice questions and task-based simulations and is offered during four testing windows each year. Passing the CPA-Regulation Exam, along with the other three CPA exams, is necessary to become a licensed CPA.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
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To be eligible to take the CPA-Regulation Certification Exam, candidates must have completed a bachelor's degree from an accredited college or university and have earned a minimum of 24 credit hours in accounting-related courses. Additionally, candidates must have completed at least 150 credit hours of education, which includes at least one year of work experience in the field of accounting. These requirements are necessary to ensure that candidates have a strong foundation in accounting knowledge before taking the certification exam.
AICPA CPA-Regulation, also known as the Certified Public Accountant CPA Regulation exam, is one of the four exams required for those who want to become certified public accountants in the United States. CPA-Regulation exam is designed to assess a candidate’s knowledge of federal taxation, business law, ethics, and professional responsibilities. The CPA-Regulation exam is an essential test that every person aspiring to become a CPA must take and pass to get certified as a professional accountant.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Federal Taxation of Entities | 15–25% | - C corporations taxation - Partnerships - Estate and trust taxation basics - S corporations |
| Topic 2: Business Law | 20–30% | - Commercial transactions (UCC) - Agency - Business structure and regulation - Contracts |
| Topic 3: Ethics, Professional Responsibilities and Federal Tax Procedures | 15–25% | - Federal tax procedures - Ethical and professional responsibilities |
| Topic 4: Federal Taxation of Property Transactions | 5–15% | - Property disposition and recognition of gain/loss - Basis calculations |
| Topic 5: Federal Taxation of Individuals | 15–25% | - Deductions and credits - Gross income inclusions and exclusions - Individual tax computations |
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