The content area allocation section of the CPA examination blueprint exam has four main contents that are tested in the examinations. These areas include ethics, federal taxation of individuals, professional responsibilities and business law federal tax procedures, , federal taxation of property transactions, in addition to federal taxation of entities. The federal taxation of entities and individuals comprise 38% and 25% of the CPA examination paper, respectively. These topics compare well with the course content because it has been covered in class. The topics covered in class that relate to the CPA exam include business law, professional responsibilities, ethics, federal taxation of individuals, and property transactions, among others. The area uncovered is federal taxation of entities, which should be covered in future lessons.
The CPA exam is relevant to the accounting profession because it reminds the aspiring accountant of the various topics and skills required by an accountant during practice. Examinations test one's knowledge and skills in the profession and indicate their readiness for this profession. Another reason why the CPA exam is relevant in accounting is that it inspires the accountant to study for the exam, hence, reminding themselves of the concepts taught in class. Constant studying ensures that the accountant remembers the accounting principles and concepts taught and enhances their competence. Additionally, the CPA exam teaches the students skills such as time management. The exam comprises of problems that require calculations. Since the examinations are timed, and students are expected to complete them, they must observe the time set. In doing so, the students develop time management skills that are also essential in other professions. Lastly, the CPA exam exposes one to the realities of the profession, especially in ethical issues. The exam tests the students about ethics, which is applicable in other professions since ethics is a universal issue.
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The path to access the Exam blueprint is as follows: AICPA website> Content> Become CPA> CPA exam> Examination content> downloadable documents> CPA exam blueprint Reg Section.
https://www.aicpa.org/content/dam/aicpa/becomeacpa/cpaexam/examinationcontent/downloadabledocuments/cpa-exam-blueprint-reg-section-july-2019.pdf
References
American Institute of CPAs. (2018). Uniform CPA Examination®Regulation (REG)Blueprint [Ebook]. Retrieved 3 August 2020, from https://www.aicpa.org/content/dam/aicpa/becomeacpa/cpaexam/examinationcontent/downloadabledocuments/cpa-exam-blueprint-reg-section-july-2019.pdf.
