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Wiley CPAexcel Exam Review 2015 Study Guide (January): Business Environment and Concepts by O. Ray Whittington

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Chapter 1: Beginning Your CPA Review Program

GENERAL COMMENTS ON THE EXAMINATION

The Uniform CPA Examination is delivered using computer-based testing (CBT). CBT has several advantages. You may take the exam one section at a time. As a result, your studies can be focused on that one section, improving your chances for success. In addition, you may take the exam on your schedule, eight months of the year, six days a week, and in the morning or in the afternoon.

Successful completion of the BEC section of the CPA Examination is an attainable goal. Keep this point foremost in your mind as you study the first five chapters in this volume and develop your study plan.

Purpose of the Examination1

The Uniform CPA Examination is designed to test the entry-level knowledge and skills necessary to protect the public interest. These knowledge and skills were identified through a Practice Analysis performed in 2008, which served as a basis for the development of the content specifications for the exam beginning in 2013.

The CPA examination is one of many screening devices to assure the competence of those licensed to perform the attest function and to render professional accounting services. Other screening devices include educational requirements, ethics examinations, and work experience.

The examination appears to test the material covered in accounting programs of the better business schools. It also appears to be based upon the body of knowledge essential for the practice of public accounting ...

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