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    REG Exam Format - CPA

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    gavka
    The REG exam tests knowledge of business law, ethics, and federal taxation. It consists of 72 multiple choice questions and 6 task-based simulations to be completed in 3 hours, requiring an overall score of 75% or higher to pass. The exam covers topics like business law, ethics, federal taxation of entities, individuals, and property, as well as accounting and tax procedures.

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    REG Exam Format - CPA

    Uploaded by

    gavka
    205 views1 page
    The REG exam tests knowledge of business law, ethics, and federal taxation. It consists of 72 multiple choice questions and 6 task-based simulations to be completed in 3 hours, requiring an overall score of 75% or higher to pass. The exam covers topics like business law, ethics, federal taxation of entities, individuals, and property, as well as accounting and tax procedures.

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    REG Exam Format of the CPA Exam

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    The REG exam tests knowledge of business law, ethics, and federal taxation. It consists of 72 multiple choice questions and 6 task-based simulations to be completed in 3 hours, requiring an overall score of 75% or higher to pass. The exam covers topics like business law, ethics, federal taxation of entities, individuals, and property, as well as accounting and tax procedures.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    205 views1 page

    REG Exam Format - CPA

    Uploaded by

    gavka
    The REG exam tests knowledge of business law, ethics, and federal taxation. It consists of 72 multiple choice questions and 6 task-based simulations to be completed in 3 hours, requiring an overall score of 75% or higher to pass. The exam covers topics like business law, ethics, federal taxation of entities, individuals, and property, as well as accounting and tax procedures.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    REG Exam Format

    The REG (Regulation) section of the CPA exam tests your knowledge on business law,
    business ethics, and federal taxation. The REG exam is comprised of 3 testlets consisting of
    24 multiple choice questions each. This amounts to a total of 72 MCQ which account for
    60% of your grade.
    The remaining 40% comes from 6 Task-Based Simulations, otherwise known as the SIMS,
    which require you to generate answers on your own rather than choose from a list of
    possible choices. You are given 3 hours to complete the exam need to get an overall score
    of 75% or higher to pass.
    Business Law
    17% to 21% of the exam
    Examples include Uniform Commercial Code and concepts on Debtor-Creditor
    Relationships, Agency, Contracts and Government Regulation

    Ethics & Professional and Legal Responsibilities
    15% to 19% of the exam
    Examples include concepts regarding Independence and Due Care as well as Liability and
    Legal Responsibility, and Code of Conduct

    Federal Taxation on Entities
    18% to 24% of the exam
    Examples include Tax Reporting with regards to the 3 different types of Legal Trusts and
    Entities

    Federal Taxation on Individuals
    13% to 19% of the exam
    Examples include Adjustments and Deductions, Tax Computations, Gross Income Inclusion
    and Exclusions, Exemptions and Alternative Minimum Tax (AMT)

    Federal Taxation on Property
    12% to 16% of the exam
    Examples include Related Tax Implications and Types of Assets

    Accounting and Federal Tax Procedures
    11% to 15% of the exam
    Examples include Percentage of Completion, Installment Sales, Cash versus Accrual
    Accounting, Inventory Methods and Completed Contracts

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