CPA 10 Certification Course

Lesson 1 • Professional Ethics and Conduct

Covers the core ethical principles—integrity, objectivity, confidentiality, and competence—that govern CPA behaviour. Builds the ethical reasoning foundation applied throughout the course.

Lesson 2 • The CPA Profession Overview

Defines the CPA credential, its scope, and its role in business and public practice. Anchors all subsequent technical content in professional context.

Lesson 3 • Regulatory and Licensing Requirements

Outlines education, examination, and experience requirements for licensure and ongoing compliance. Prepares candidates to manage their own professional standing.

Lesson 1 • The Accounting Cycle

Walks through each step from transaction analysis to closing entries. Ensures students can execute the full cycle accurately and efficiently.

Lesson 2 • Equity and Comprehensive Income

Addresses stockholders' equity transactions, retained earnings, and other comprehensive income items. Completes the full set of financial statement components.

Lesson 3 • Conceptual Framework of Accounting

Explains the objectives, qualitative characteristics, and elements of financial reporting. Provides the theoretical basis for all measurement and recognition decisions.

Lesson 4 • Balance Sheet and Income Statement

Covers classification, measurement, and presentation of assets, liabilities, equity, revenues, and expenses. Connects cycle outputs to formal financial statement formats.

Lesson 1 • Long-Term Assets and Depreciation

Covers acquisition, capitalisation, depreciation methods, impairment, and disposal of tangible and intangible assets. Ensures accurate long-term asset reporting.

Lesson 2 • Revenue Recognition Standards

Applies the five-step revenue recognition model to diverse contract types. Bridges conceptual principles to practical journal entries and disclosures.

Lesson 3 • Inventory Valuation Methods

Examines FIFO, weighted-average, and lower-of-cost-or-net-realizable-value rules. Demonstrates the income and balance sheet impact of each method choice.

Lesson 4 • Income Taxes in Financial Reporting

Explains temporary differences, deferred tax assets and liabilities, and effective tax rate reconciliation. Connects tax accounting to financial statement presentation.

Lesson 1 • Individual Income Tax Computation

Walks through adjusted gross income, deductions, credits, and final tax liability for individuals. Develops the ability to prepare and review individual returns.

Lesson 2 • Property Transactions and Capital Gains

Covers basis determination, holding periods, capital gain and loss netting, and like-kind exchanges. Prepares students to advise on asset disposition tax outcomes.

Lesson 3 • Tax System Structure and Concepts

Explains the structure of the tax system, sources of tax law, and foundational concepts such as gross income and exclusions. Establishes the vocabulary for all tax chapters.

Lesson 4 • Tax Compliance and Procedures

Addresses filing deadlines, estimated payments, penalties, and taxpayer rights in examination. Ensures students can manage compliance obligations and represent clients.

Lesson 1 • Audit Evidence and Procedures

Defines types of audit evidence, sufficiency and appropriateness standards, and specific procedure types. Builds the skill to select and apply procedures to assertions.

Lesson 2 • Fraud Risk in the Audit

Addresses fraud risk factors, auditor responsibilities, and specific procedures for fraud detection. Integrates fraud awareness into the overall audit risk model.

Lesson 3 • Audit Engagement Planning

Covers client acceptance, engagement letters, materiality, and preliminary risk assessment. Establishes the planning foundation that drives all subsequent audit work.

Lesson 4 • Audit Reporting and Opinions

Covers standard and modified audit report formats, opinion types, and emphasis-of-matter paragraphs. Enables students to draft and interpret audit conclusions correctly.

Lesson 1 • Short-Term Decision Making

Applies relevant cost analysis to make-or-buy, special orders, and product-line decisions. Connects cost data to strategic operational choices.

Lesson 2 • Activity-Based Costing

Introduces activity-based costing as an alternative to traditional overhead allocation. Demonstrates how ABC improves product cost accuracy and pricing decisions.

Lesson 3 • Job Order and Process Costing

Explains how costs are accumulated under job order and process costing systems. Enables students to calculate unit costs in manufacturing and service environments.

Lesson 4 • Cost Concepts and Classification

Distinguishes fixed, variable, direct, indirect, product, and period costs. Provides the vocabulary and framework for all subsequent cost analysis.

Lesson 1 • Communicating Analytical Findings

Covers structuring written and oral financial analysis reports for diverse stakeholders. Ensures analytical insights are communicated clearly and persuasively.

Lesson 2 • Earnings Quality Assessment

Evaluates accrual quality, non-recurring items, and accounting policy choices that affect reported earnings. Builds scepticism and analytical depth for complex reporting.

Lesson 3 • Ratio Analysis Framework

Introduces liquidity, solvency, profitability, and efficiency ratios and their interpretive context. Establishes the analytical toolkit used throughout the chapter.

Lesson 4 • Trend and Common-Size Analysis

Applies horizontal and vertical analysis to identify performance patterns over time. Enables benchmarking against prior periods and industry norms.

Lesson 1 • Governmental and Nonprofit Accounting

Introduces fund accounting, modified accrual basis, and financial reporting for public and nonprofit entities. Expands CPA competency beyond commercial accounting.

Lesson 2 • Business Combinations and Consolidations

Applies acquisition method accounting, goodwill recognition, and consolidation eliminations. Prepares students for complex group reporting engagements.

Lesson 3 • Strategic Advisory and CPA as Adviser

Positions the CPA as a strategic business adviser using financial data for planning and risk management. Synthesises all prior competencies into a senior advisory role.

Lesson 4 • Derivatives and Hedging Accounting

Covers recognition, measurement, and hedge designation for common derivative instruments. Enables accurate reporting of risk management activities.