The 2011 CPA ExamTEXAS

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Obtaining your CPA License

Education | Exam | ExperienceEvery state is unique

State Requirements

Texas CPA Exam Requirements• Education requirements

– 150 Semester Hours– Baccalaureate Degree

• minimum of 30 upper division semester hours in accounting above the principles level

• 24 upper division hours of related business courses plus 3 hours ethics course

• http://www.tsbpa.state.tx.us/

5 Key Steps

Step 1

Step 2

Step 3

Step 4

Step 5

Review state requirements

Apply for CPA Exam and register for Becker

Study and sit

Schedule exam

Receive Notice-to-Schedule

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2nd Qtr Window

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3rd Qtr Window

4th Qtr Window

• Sit for exams as soon as eligible.

• Must pass all 4 parts w/in 18 month window

• Firms want their new hires to pass early in their careers.

Begin Application Process

The On Demand Exam

The 2011 CPA Exam

Timing for Each Exam Section

Exam Part Time

Financial 4 hrs

Audit 4 hrs

Regulation 3 hrs

Business 3 hrs

Total = 14 hours

Financial

Financial - Structure

60%

40%

• Three multiple-choice question (MCQ) testlets containing 90 questions

• One testlet containing seven short, task-based simulations TBS; research question in new format

• No written communication tasks• 15 - 20% of questions do not count• Passing Grade 75

Financial - CSOs

Concepts & Standards (including

IFRS)20%

Financial Statements

30%

Specific Transactions

30%

Government Accounting

10%

Not-for-Profit Accounting10%

Financial - IFRS and ISA

• Candidates will be expected to identify and understand the differences between financial statements prepared under U.S. GAAP and under IFRS.

• First-time adoption of IFRS related to financial reporting, presentation and disclosures in general-purpose financial statements will also be tested.

Financial - Codification• New research task format based on the FASB Codification™.• Codification consolidates thousands of U.S. GAAP pronouncements

into a single, authoritative, easy-to-access online research tool.

Audit

Audit - Structure

60%

40%

• Three multiple-choice question (MCQ) testlets containing 90 questions

• One testlet containing seven short, task-based simulations TBS; research question in new format

• No written communication tasks• 15 - 20% of questions do not count• Passing Grade 75

Audit - CSOs

Professional Responsibility

18%

A&A: Engagement Performance & Un-

derstanding the Assignment

14%A&A: Understand-

ing the Entity & Environment

18%

A&A: Performing Audit Procedures & Evaluating Evidence

18%

A&A: Evaluating Findings, Commu-nication & Report-

ing18%

Accounting & Re-view Engagements

14%

Audit - IFRS and ISA

Demonstrate knowledge and awareness of the following:

• International Auditing & Assurance Board (IAASB) - role in establishing International Standards on Auditing (ISAs)

• Differences between ISAs and US Auditing Standards

• International Ethics Standards Board for Accountants (IESBA) Role in establishing International Federation of Accountants (IFAC) Code of Ethics for Professional Accountants.

• Related independence requirements when auditing a U.S. company that supports an audit report based on auditing standards of another country, or ISAs

Regulation

Regulation - Structure

60%

40%

• Three multiple-choice question (MCQ) testlets containing 72 questions

• One testlet containing six short, task-based simulations TBS; research question in new format

• No written communication tasks• 15 - 20% of questions do not count• Passing Grade 75

Regulation - Content

Federal Taxation of Entities

21%Ethics, Profes-sional & Legal

Responsibilities17%Business Law

19%

Federal Tax Procedures & Accounting Is-

sues13%

Federal Taxation of Property

Transactions14%

Federal Taxation of Individuals

16%

Business

Business - Structure

85%

15%

• Three multiple-choice question (MCQ) testlets containing 72 questions

• Three written communication tasks on BEC topics

• 15 - 20% of questions do not count

• Passing Grade 75

Business - Content

Corporate Gov-ernance

18%

Economic Con-cepts & Analysis

18%

Financial Management21%

Information Sys-tems & Commu-

nication17%

Strategic Planning12%

Operations Management

14%

Business - IFRS and ISA

Candidates will be expected to demonstrate an understanding of globalization in the business environment as well as be able to explain the underlying economic substance of transactions and their accounting implications.

Becker’s CPA Exam Review

Flexible Course Formats

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Business

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Simulations Final Exams

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The Becker Promise

If you utilize Becker but do not pass the CPA Exam, you may repeat our course tuition-free if you satisfy our requirements. 

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Why Becker

• Highest pass rates

• Completely retooled CPA Exam Review that mirrors the 2011 exam

• Greatest experience in helping CPA candidates achieve success on the exam

• Most trusted name in CPA review

Contact Information

Kim HollandField Marketing Specialist

 Becker Professional Education214.515.0037

kholland@becker.com

www.becker.com

1-877-CPA-EXAM