CPA Exam Study Guide — High-Yield Terms & Concepts

250 High-Yield Terms & Concepts for the CPA Exam (Uniform CPA Examination)

Pass the CPA Exam — the Uniform CPA Examination developed by the AICPA and administered by NASBA and state boards of accountancy via Prometric testing centers — with a focused, high-yield concept review built for the current exam structure. The current exam uses the Evolution 3+1 model: three core sections (FAR — Financial Accounting and Reporting, AUD — Auditing and Attestation, and REG — Regulation) plus one discipline section selected from BAR (Business Analysis and Reporting), ISC (Information Systems and Controls), and TCP (Tax Compliance and Planning). Each section is 4 hours; the exam is scored on a scale from 0 to 99 with a scaled passing score of 75 for every section, and credit for passed sections is valid for 30 months. Testing windows, scheduling, fees, and state eligibility rules vary — confirm current details on aicpa-cima.com and nasba.org before registering. This guide teaches 250 high-yield terms and concepts (with a strategy tip and a worked example for each) across 16 parts — exam fundamentals (Evolution 3+1, 4-hour sections, 75 passing score, 30-month credit window), FAR financial reporting & balance sheet accounts, AUD ethics/risk/evidence/reporting, REG tax procedures & business law & property transactions & individual and entity taxation, BAR, ISC, TCP, and test-day logistics. It also cross-references the Essential CPA FAR Formulas & Ratios Cheat Sheet wherever useful, but the guide body is fully self-contained. This guide is an independent study aid. It is NOT affiliated with, endorsed by, or sponsored by the American Institute of Certified Public Accountants (AICPA), the National Association of State Boards of Accountancy (NASBA), any state board of accountancy, or Prometric. CPA and Uniform CPA Examination are trademarks of their respective owners. Exam structure, content, scoring, fees, and policies can change — confirm current details on the official aicpa-cima.com and nasba.org websites before registering.