The 2011 CPA Exam
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The 2011 CPA Exam TEXAS
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The 2011 CPA Exam. TEXAS. Becker Professional Education . A global leader in professional education serving accounting, finance, and project management professionals from career start to finish. Professionals in Demand. Earning Power CPA > non-CPA. Obtaining your CPA License. - PowerPoint PPT Presentation
Transcript of The 2011 CPA Exam
The 2011 CPA ExamTEXAS
Becker Professional Education
A global leader in professional education serving accounting, finance, and project management professionals from career start to finish.
Professionals in DemandEarning Power
CPA > non-CPA
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
JAN
OPENFEB
OPENMAR
CLOSED
APR
OPENMAY
OPENJUN
CLOSED
JUL
OPENAUG
OPENSEP
CLOSED
OCT
OPENNOV
OPENDEC
CLOSED
2nd Qtr Window
1st Qtr Window
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
Financial
Auditing Apply
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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.
We are that committed to your success!
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
www.becker.com
1-877-CPA-EXAM
