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  • 1/9/2014

    1

    TheCPAExamLoriFinestineandChrisConnelly

    2

    Agenda

    PathwaytoCPA TheCPAExam BeckersCPAExamReview Questions

  • 1/9/2014

    2

    3

    GreaterDemand

    Employmentofaccountantsandauditorstogrowfasterthrough2020thanforanyotheroccupation* Bestprospectsareforthosewhohaveacollegedegreeandprofessionalcertification,especiallyaCPA

    AccordingtotheAICPA,75percentoftodaysCPAswillretireoverthenext15years

    *U.S.BureauofLaborStatistics20122013OccupationalOutlookHandbook

    4

    DiverseCareerOpportunities

    Green

    Global

    Forensic

  • 1/9/2014

    3

    5

    SALA

    RY

    HigherEarningsPotential

    CPA

    Accountant

    TIME (YR)

    6

    StepstoBecomingaCPA

    Qualify

    Apply

    SucceedSitforandpasstheCPAExamTakeethicsexam(whereapplicable)ObtainworkexperienceEarnyourCPADesignation

    Prepare

    Schedule

    Reviewstaterequirements

    SubmityourapplicationSubmitpaymentforexamReceiveNoticetoSchedule(NTS)

    EnrollinBeckerCreateyourstudyplanStudy

    ScheduleexamwithPrometric

  • 1/9/2014

    4

    7

    ObtainingyourCPALicense

    Everystateisunique

    8

    Education&ExperienceRequirementstoLicense

    EligibilitytoLicense:CreditHours 120 120 120

    GraduationRequired YES YES YES

    Other:EthicsExam Yes No No

    *Informationprovidedasareferenceonly.Applicantsshouldcheckwiththeirstateboardofaccountancytodetermineeligibilitytositfortheexam.

  • 1/9/2014

    5

    9

    LearnMoreAboutYourState

    Becker.com/stateStateBoardofAccountancyThisWaytoCPA.comNASBA.org(NationalAssociationofStateBoardsofAccountancy)

    10

    ExamTimeline

    Theapplicationcantake2to4weekstoprocess StartstudyingbeforeyoureceiveyourNTS Youmaynotrepeatapartinthesametestingwindow Onceyoupassthefirstpart,youhave18monthstocompletetheremainingsections

    Apply

    Uponpassingthe1st section=>18monthstocompletetheremaining3sections

    NTS:Typically6months

  • 1/9/2014

    6

    11

    BusinessEnvironmentandConcepts(BEC)3hours

    Regulation(REG)3hours

    AuditingandAttestation(AUD)4hours

    FinancialAccountingandReporting(FAR)4hours

    Exam

    Passingscoreis75ona099scale

    18monthstopassallfourparts Examcanbetakeninanystateorjurisdiction

    ExamisadministeredatPrometricTestingCenters

    12

    Business

    24multiple choicequestions

    24multiple choicequestions

    24multiple choicequestions

    3WrittenCommunicationTasks

    3hours

    85%

    15%

    60

    %4

    0%

    ExamStructure

    60

    %4

    0%

    Financial &Audit

    TESTLET 1:MULTIPLE CHOICE

    30multiple choicequestions

    TESTLET 2:MULTIPLE CHOICE

    30multiple choicequestions

    TESTLET 3:MULTIPLE CHOICE

    30multiple choicequestions

    TESTLET 4:7taskbasedsimulations

    4hours

    Regulation

    24multiple choicequestions

    24multiple choicequestions

    24multiple choicequestions

    6taskbasedsimulations

    3hours

    Business

    24multiple choicequestions

    24multiple choicequestions

    24multiple choicequestions

    3WrittenCommunicationTasks

    3hours

  • 1/9/2014

    7

    13

    ExamContent

    FinancialStatementAccounts27% 33%

    SpecificTransactions27% 33%

    Concepts&Standards(includingIFRS)

    17% 23%

    NotforProfitAccounting8% 12%

    GovernmentAccounting8% 12%

    14

    ExamContent

    ProfessionalResponsibilities

    16% 20%

    UnderstandingtheEntity&Environment

    16% 20%

    PerformingAuditProcedures&

    EvaluatingEvidence16% 20%

    EvaluatingFindings,Communication&

    Reporting16% 20%

    EngagementAcceptance&

    UnderstandingtheAssignment12% 16%

    Accounting&ReviewEngagements12% 16%

  • 1/9/2014

    8

    15

    ExamContent

    FederalTaxationofEntities

    18% 24%

    BusinessLaw17% 21%

    Ethics,Professional&LegalResponsibilities

    15% 19%

    FederalTaxationofIndividuals13% 19%

    FederalTaxationofPropertyTransactions

    12% 16%

    FederalTaxProcedures&Accounting

    Issues11% 15%

    16

    ExamContent

    FinancialManagement19% 23%

    CorporateGovernance16% 20%

    EconomicConcepts&Analysis16% 20%

    InformationSystems&Communication

    15% 19%

    OperationsManagement12% 16%

    StrategicPlanning10% 14%

  • 1/9/2014

    9

    17

    3Q2013AICPAPassRates

    Audit Business

    Financial Regulation

    ExamPassRates

    StudentswhopreparewithBeckerpassatdouble therateofnonBeckercandidates.*

    46.56% 58.54%

    51.23% 49.80%

    BeckerProfessionalEducationstudentspassatdoubletherateofallCPAexamcandidateswhodidnottakeaBeckercourse,basedonaveragesofAICPApublishedpassrates.Dataverifiedbyanindependentthirdpartyresearchfirm.

    18

    LocalPartners

    PwC Deloitte Ernst&Young KPMG GrantThornton McGladrey CohnReznick SC&HGroup ArthurBell&Associates Stegman &Company Aronson,LLC GrossMendelsohn&Associates

    Hertzbach&Company KatzAbosch Ellin &Tucker Santos,Postal&Company Lanigan,Ryan&Doyle CliftonLarsonAllen LLP SB&Company McLean,Koehler,Sparks&

    Hammond Smith,Elliott,Kearns&Company TGMGroup PKS&Company

    99ofthetop100CPAfirmspartnerwithBecker!

  • 1/9/2014

    10

    19

    ACompleteCPAReviewFocusedonYourSuccess

    Studyanytime,anywhereusinganyinternetconnecteddeviceordownloadandworkoffline

    ExpertInstructionandUnlimitedAcademicSupport ComprehensiveTextbooksandeBooks InteractiveStudyPlanner BeckerSoftwarewithresourcesthatreplicatethecontent

    andfunctionalityoftheCPAExam MultipleChoiceHomework Simulations 2FinalExamsperpart

    20

    ForAdditionalQuestions

    www.becker.com1877CPAEXAM

    LoriFinestinelfinestine@becker.com

    ChrisConnellycconnelly@becker.com

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