Welcome to Accounting and CPA Exam Tutoring Service LLC

This is not intended to be viewed as all-inclusive list of material tested in the FAR section of the CPA Exam. The exam covers standards and/or regulations issued by the:

• Financial Accounting Standards Board (FASB)
• U.S. Securities and Exchange Commission (U.S. SEC)
• American Institute of Certified Public Accountants (AICPA)
• Governmental Accounting Standards Board (GASB)

The section includes both for-profit and not-for-profit entities. As well as, concepts related to accounting requirements for state and local governments. Topics include but not limited to the following:

• Cash and cash equivalents.
• Trade receivables.
• Inventory.
• Property, plant and equipment.
• Investments, including financial assets at fair value, financial assets at amortized cost and equity method investments.
• Intangible assets, with a focus on finite-lived intangible assets.
• Payables and accrued liabilities.
• Long-term debt, including notes and bonds payable and debt covenant calculations.
• Equity transactions, specifically focusing on equity issuance, stock dividends, stock splits and treasury stock.
• Accounting changes and error corrections.
• Contingencies and commitments.
• Revenue recognition, specifically focusing on recalling and applying the five-step model and accounting for contributions received by not-for-profit entities.
• Accounting for income taxes.
• Fair value measurement concepts and classification within the fair value hierarchy.
• Leases, specifically focusing on recalling and applying lessee accounting requirements.
• Subsequent events.

The Taxation and Regulation (REG) section of the Uniform CPA Examination test the knowledge and skills that AlCPAs must demonstrate with respect to:

• U.S. ethics and professional responsibilities related to tax practice
• U.S. business law
• U.S. federal tax compliance for individuals and entities with a focus on recurring and routine transactions

The content includes but is not limited to the following:

• Ethics and professional responsibilities related to tax practice
• Business law
• Federal Taxation of Property Transactions
• Federal Taxation of Individuals
• Federal Taxation of Entities (including tax preparation)

Undergraduate accounting course material includes but is not limited to the following areas of study: financial accounting, cost accounting, and managerial accounting. The topics include but not limited to:

• Accounting Information Systems
• Audit
• Business Law
• Cost Accounting
• Economics
• Finance
• Income Tax Accounting
• Intermediate Accounting
• Advance Accounting
• Managerial Accounting
• Microeconomics

Other tutoring services include any area of accounting not associated with the above mention. For example; some graduate courses, exams relating to banking, HVAC license, high school students taking college accounting courses, help with tax courses or exams are just a few ways we can help students and professionals advance.