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This is Varshitha Nadipineni, and I passed my CPA Exam with the latest score release, and this is my attempt at trying to explain what worked for me in. FAR: 1. First things first, do not get intimidated by the course material. Agreed it is bulky and has massive amounts of information to get through. But you definitely went through most of it at some point, while getting your accounting credits. 2. Keep looking out…

The CPA-BEC Exam (Business Environment and Concepts) tests the students in management, principle economic concepts, Information & Technology (IT), and corporate governance.  Let’s know the complete details of the CPA-BEC Exam. BEC Topic Areas & Concepts: The CPA BEC section is a 4-hour long exam. It includes the below topics: Content Area Allocation Economic Concepts and Analysis 17 to 27% Corporate Governance 17 to 27% Information Technology 15 to 25% Financial Modeling and Management 11…

The CPA-REG (Regulation) exam tests the understanding level of the candidate at legal matters in a business context and taxation at a federal level. The REG CPA exam covers the topics of business law and federal taxation.  Let’s go through the complete details of the CPA regulation exam structure. CPA-REG Exam Topic Areas: The REG section is a 4-hour long exam. It includes below topics: Content Area Allocation Business Law 10 to 20% Professional Ethics…

The CPA-FAR Exam section covers topics like financial transactions, financial statements, GAAP, and reporting for nonprofits. Most CPA aspirants consider FAR to be the challenging one among the remaining CPA exam sections because of its length. This exam is also considered as difficult because it tests the candidate’s understanding of statement presentation, financial reports, and business transactions using IFRS, GAAP, and governmental accounting systems. There’s also common to see topics like benefits of the employee,…

The CPA-AUD Exam (Auditing and Attestation) section focuses on the examination entity’s processes, compliance, and financial statements. This section evaluates the understanding of standard auditing procedures, fundamental principles, gathering evidence, and internal control concepts, etc of the candidates.   Many CPA aspirants think the CPA-AUD exam is related to the FAR section; it is because there’s a minor overlap in the requirements of GAAP reporting tested on both exams. Yes, there’s an overlap, but that wouldn’t…

Make your own notes: I studied CPA FAR Exam in a sequence i.e. lectures/ Skill practice videos/MCQs / & SIM. I took screenshots of skill videos which I thought were important but there aren’t sufficient materials. I took down notes especially for tricky or new concepts from MCQs and SIMs. Also revised chapters that were completed previously / modules in the next few days. Took notes where I felt I was weak. Then did PRS…

The Uniform Certified Public Accountant examination is a credentialing exam for professionals seeking to become CPAs. It is graded by AICPA (American Institute of Certified Public Accountants) and administered with NASBA (National Association of State Boards of Accountancy).  CPA Exam Format: The CPA exam consists of 4 sections. Auditing and Attestation (AUD) Regulation (REG) Financial Accounting and Reporting (FAR) Business Environment and Concepts (BEC) There are 3 types of questions in the CPA exam: Multiple-Choice…

Cracking regulation is not a very easy task, as the whole subject is very new but when you understand each and every concept then it’s one of the most interesting subjects. The strategy which works for me is as follows: I go through lectures of each module at a time then make notes on my own which helps me to understand it in a better way. I used to do MCQs, skill practice, and Sims…

I often get this question, and my answer is always the same. I’ve been thinking about updating my knowledge. Being a working professional with a family, it was a big decision, but Sripal sir suggested I get into the CPA course, the US equivalent of CA in India. I went through the CPA course and took advice from some of my friends who had done it, and all suggested that it’s an excellent CPA course…

FAR (Financing Accounting and Reporting) is one of the sections in the CPA exam. It covers topics like financial statements, GAAP, reporting, and financial transactions. The CPA aspirants consider FAR as a challenging section because of its length. CPA FAR Exam Format: The FAR section starts with two multiple-choice testlets containing 33 MCQs in each testlet. Later, you are allowed to start two testlets which contain 8 task-based simulations. Question Type No of Questions Multiple-Choice…