How to Pass the CPA Exam

We’re excited to announce a new partnership with Exam Matrix that gives us the opportunity to help students further their careers by preparing them for the CPA Exam! A CPA is different from an EA or tax preparer. CPAs are accountants, they have the knowledge to do business accounting, a service that is complimentary to tax preparation.

Why Become A CPA? 

Offering an array of services is a great way to grow your business and increase revenues during the off season. If you’re going to offer accounting services, you may as well earn your CPA. This designation will increase your credibility as an accountant, allow you to represent clients before the IRS, and could even increase your tax preparation revenue.

*Please note, becoming a CPA does not qualify you to prepare tax returns for the public. For tax preparation expertise, we recommend taking our Comprehensive Course.

About the CPA Exam

This exam is no joke! It’s a 16 hour examination that tests your knowledge across four main categories:

  1. Auditing (AUD)
  2. Business Environment & Concepts (BEC)
  3. Financial Accounting & Reporting (FAR)
  4. Regulation (REG)

Auditing covers auditing and assurance services provided by an accountant. Question topics in this section include: Professional Responsibilities, Ethics and General Principles; Assessing Risk and Developing a Planned Response; Performing Further Procedures and Obtaining Evidence; Forming Conclusions and Reporting.

Business Environment & Concepts covers the environment a business operates in. Question topics in this section include: Corporate Governance, Economic Concepts and Analysis, Financial Management, Information Technology, and Operations Management.

The Financial Accounting & Reporting section is the largest section of the exam. Questions in this section include: Standard-Setting, Conceptual Framework, and Financial Reporting; Financial Statement Accounts; Transactions; Local and State Governments.

Finally, the Regulation portion covers business and individual taxation, business law, and ethics. Specific question topics include: Professional Responsibilities, Ethics, and Federal Tax Procedures; Business Law; Property Transaction Federal Taxation; Individual Federal Taxation; Entity Federal Taxation.

As you can see, there’s a lot to this exam! That’s why it’s important to have a solid study plan.

Why Study with The Income Tax School?

Our partnership with Exam Matrix allows us to offer their amazing, adaptive learning platform at a discounted rate. Their exam preparation software will reduce your study time and boost your scores by creating a study path customized specifically for you. The ExamMatrix CPA Exam Review’s proprietary Adaptive-Learning technology will define what YOUR needs are and then tailor your CPA study sessions to optimize your study time. They choose which questions to study next, which portions of the textbook to study, and make you focus your study. The result is a proven, 100% personalized study method that will quickly boost your CPA exam scores and reduce your study time!

Benefits to using this awesome technology include:

  • The flexibility to study any time.
  • A choice between 6 or 12 month subscription.
  • A 100% personalized study plan through adaptive learning technology.
  • Over 6,400 Multiple-Choice CPA Practice Questions and over 250 Simulation Problems.
  • Targeted reading assignments (instead of having to read through material you already know).
  • Over 250 Task-Based Simulations.
  • Reference books that are integrated directly into the CPA study course.
  • A custom study mode option.
  • Practice exam mode.
  • If you don’t pass, you get your money back!

Convinced? Read more about our CPA Exam Review below.

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