ALL ABOUT CPA-REG EXAM

1. ALL ABOUT CPA-REG EXAM 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 and Federal Tax Procedures 10 to 20% Federal Individual Taxation 15 to 25% Property Transaction Taxation 12 to 22% Entity Taxation 28 to 38% Business Law: It covers debt transactions, contracts, and commercial regulations. Besides, some concepts, like business structure and Uniform Commercial Code (UCC). Professional Ethics and Federal Tax Procedures: These topics cover professional liability, independence, and professional conduct.

2. Federal Individual Taxation: It includes all the income tax topics such as exemptions, deductions, profits, losses, carrybacks, carryforwards and everything related to 1040 form and its structure. Property Transaction Taxation: The differences between the taxation of an individual and the taxation of business will be tested with few subjects like gross income inclusion, alternative minimum tax (AMT) and taxation of transactions involving assets and property. Entity Taxation: It covers all the legal entities, and the methods they are taxed like corporations, tax vehicles, trusts, sole proprietorships and partnerships. It can be drawn from IRC local state boards, and other regulatory agencies. CPA-REG Exam Structure and Format: The CPA Regulation exam contains five different testlets. The first two testlets consist of 38 MCQs each. Then there will be a 15-minute break. After you come back from break, there will be three more testlets consisting of task-based simulations. Question Type No of Questions Multiple-Choice Questions (MCQs) 76 (38+38) Task-Based Simulations 8 (2+3+3) Written Communication 0 Regulation Section Format: Testlets No of Questions 1 38 MCQs (Multiple-Choice Questions)

3. 2 38 MCQs (Multiple-Choice Questions) 3 2 TBS (Task-Based Simulations) 4 3 TBS (Task-Based Simulations) 5 3 TBS (Task-Based Simulations) Conclusion: The REG part of the CPA exam is mostly all about taxation related topics. It is essential that you study all the topics thoroughly and keep having a constant revision of everything that you cover. Given in this article is a complete overview of the REG part of the CPA exam, the details, the topics covered and also the exam format. Hope this turns out to be helpful for the exam preparation. In case you have any other queries you may comment below. SIMANDHAR EDUCATION Simandhar Education is the leading training provider in alliance with Becker professional education for professional courses like US CPA, US CMA, CIA, EA , IFRS and HRCI. Simandhar is present in India, Nepal, Sri Lanka, Bangladesh, Argentina, Philippines, UK & Ireland. Simandhar offers training under the guidance of experts with vast industry experience. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 91 9390584166. Hurry up !! CPA exam now in India and Simandhar Education will help you to achieve it.