CPA Exam

The CPA Exam is a comprehensive assessment designed to evaluate the knowledge and skills necessary for a career in accounting.

Structure and Format of the CPA ExamCore Accounting PrinciplesEthics and Professional Responsibility
Auditing Procedures and Risk AssessmentAdvanced Financial ReportingFederal Taxation and Business Law
Applying Accounting Concepts in PracticeTax Planning and ComplianceEthical Decision-Making in Accounting
Effective Study PlanningMastering Multiple-Choice and SimulationsTest Day Preparation and Mindset
Structure and Format...Core Accounting Prin...Ethics and Professio...Auditing Procedures ...Advanced Financial R...Federal Taxation and...Applying Accounting ...Tax Planning and Com...Ethical Decision-Mak...Effective Study Plan...Mastering Multiple-C...Test Day Preparation...
Practical Applications

Tax Planning and Compliance

Navigating Tax Regulations

Tax planning is about legally minimizing tax liabilities through strategic decisions, while compliance means meeting all filing and payment obligations.

Practical Steps

  • Reviewing client financials to identify potential tax savings.
  • Filing accurate returns on time to avoid penalties.
  • Keeping up with new tax laws and regulations.

The CPA Advantage

CPAs leverage their knowledge to help clients save money and avoid trouble with tax authorities.

Examples

  • A CPA advises a startup to claim credits for research and development.

  • An accountant ensures a client meets deadlines for quarterly estimated tax payments.

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Ethical Decision-Making in Accounting