Tuesday, February 19, 2008
CPA Exam: Business Enviornment and Concepts
"The Business Environment and Concepts section tests knowledge of general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of transactions, and the skills needed to apply that knowledge in performing financial statement audit and attestation engagements and other functions normally performed by CPAs that affect the public interest. Content covered in this section includes knowledge of business structure; economic concepts essential to obtaining an understanding of an entity's operations, business and industry; financial management; information technology; and planning and measurement (Uniform CPA Examination: Examination of Contents, 2002, p. 3)."
Feel free to leave comments about your experience with this section of the CPA Exam, but please be aware that all comments are monitored to comply with the ethical reguations regarding open discussion of the CPA Exam content.
posted by CPA Exam Help at
7:49 AM
2 Comments:
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The CPA business exam is a wild card. You never know what you are going to get. I and many other CPA candidates rate this exam as the easiest CPA exam because there are no simulations. However, do not take this exam for granted. The examiners can test many different subjects. There are a number of horror stories about some CPA candidates passing the other exams, and then failing this exam three or four times.
By
, At
September 22, 2008 9:58 AM
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It has the lowest pass rate of all 4!
It is not based on psycometrics as the other post claims; it is based off of a random draw of quesitons from the test bank.By
, At
January 12, 2009 10:33 AM