The CPA Exam

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In the field of accounting, the Certified Public Accounting (CPA) exam is a comprehensive exam that encompasses a great amount of material related to accounting.  If you pass this exam, you become a certified public accountant and can now work for the government in an accounting position.  In addition, this certificate gives accountants a certified set of skills that are useful to many companies.  The exam consists of four parts which are financial accounting and reporting, audit and attestation, regulation, and business environment and concepts.  Overall, the CPA exam is the most important title an accountant can achieve and gives the government or a company significant information about your knowledge of accounting concepts.

The CPA exam is an indicator of great information of the skill level of accountants.  In order to be eligible for the exam in the state of Michigan, you must have a bachelor’s degree in accounting with certain concentrations.  Also, you can be eligible for the CPA exam in the state of Michigan if you have a bachelor’s degree and master’s degree in accounting.  In addition, the rigor of eligibility for the CPA exam reflects on the exam itself.  Overall, the CPA exam has very selective eligibility and gives accountants a certification that is like no other. 

The exam consists of four different aspects of accounting.  Each one of these parts takes around 4 hours to complete and contains difficult case studies.  The first part of the exam is financial accounting and reporting which covers many advanced concepts of accounting.  The second part of the exam is audit and attestation, and it focuses on auditing or attestation, certification.  The third part is regulation which consists of taxation, ethics, business law, and general business.  The fourth part is business environment and concepts, and it covers basic and advanced business concepts.  Overall, the CPA exam is the most prestigious certificate an accountant can have and will change many lives of accountants forever.

Thank you,

Austin Bechtel

Bibliography

“CPA Exam Sections | Format, Structure, & Content | Each Part Explained.”  Accounting Institute for

                Success, http://www.ais-cpa.com/cpa-exam-sections/

 

 “Applying for the Uniform CPA Examination.”  NASBA, https://nasba.org/exams/cpaexam/michigan/