U.S. CPA Course

Lesson 1 • Scoring, Passing, and Score Review

Explains the 0–99 scaled scoring model, passing threshold, and score release timelines. Enables candidates to interpret results and plan retakes.

Lesson 2 • Eligibility and Education Requirements

Explains credit-hour thresholds, accounting concentration rules, and degree requirements. Helps candidates verify readiness before applying.

Lesson 3 • Application and Scheduling Process

Walks through the application workflow, Notice to Schedule issuance, and testing windows. Prepares candidates to register without procedural errors.

Lesson 4 • Exam Sections and Blueprints

Details the four exam sections, their content blueprints, and skill levels tested. Connects blueprint structure to targeted study planning.

Lesson 1 • Conceptual Framework and Standards

Covers qualitative characteristics, elements of financial statements, and the standard-setting hierarchy. Anchors all subsequent accounting topics in authoritative guidance.

Lesson 2 • Cash Flow Statement Preparation

Explains direct and indirect methods for operating activities and classification of investing and financing flows. Builds skill in reconciling net income to cash from operations.

Lesson 3 • Revenue Recognition and Leases

Applies the five-step revenue model and distinguishes operating from finance leases for lessees and lessors. These are among the most tested topics in financial accounting.

Lesson 4 • Inventory and Long-Lived Assets

Covers cost flow assumptions, lower-of-cost-or-net-realizable-value, depreciation methods, and impairment. Prepares candidates for high-frequency asset valuation questions.

Lesson 1 • Business Combinations and Consolidations

Covers acquisition method accounting, goodwill measurement, and consolidated statement preparation. Builds on basic financial statements to address multi-entity reporting.

Lesson 2 • Derivatives, Hedging, and Fair Value

Explains derivative recognition, fair value hierarchy, and hedge accounting designations. Connects measurement concepts from Chapter 2 to complex financial instruments.

Lesson 3 • Governmental and Not-for-Profit Accounting

Teaches fund accounting, modified accrual basis, and not-for-profit net asset classification. Addresses a distinct reporting framework frequently tested on the exam.

Lesson 4 • Earnings Per Share and Interim Reporting

Calculates basic and diluted EPS and applies discrete vs. integral views for interim periods. Reinforces income statement skills with specialised presentation requirements.

Lesson 1 • Internal Controls and Control Testing

Covers the internal control framework, walkthroughs, and tests of controls. Builds the link between control reliance and substantive testing scope.

Lesson 2 • Professional Standards and Ethics

Covers the independence rules, objectivity requirements, and the code of professional conduct. Establishes the ethical foundation required before studying audit procedures.

Lesson 3 • Audit Reporting and Opinions

Explains standard report elements, modified opinions, and emphasis-of-matter paragraphs. Completes the audit process by linking findings to the appropriate report form.

Lesson 4 • Audit Planning and Risk Assessment

Explains engagement acceptance, materiality setting, and the audit risk model components. Connects risk identification to the design of responsive audit procedures.

Lesson 1 • Prospective Financial Information Engagements

Covers forecasts vs. projections, examination procedures, and report limitations. Prepares candidates for specialised attestation questions involving forward-looking statements.

Lesson 2 • Attestation Engagement Framework

Covers the three-party relationship, subject matter types, and levels of assurance. Establishes the conceptual boundary between attestation and audit engagements.

Lesson 3 • Reviews of Financial Statements

Explains inquiry and analytical procedures, limited assurance conclusions, and review report wording. Builds on audit knowledge to address a lower-assurance engagement type.

Lesson 4 • Compilations and Preparation Engagements

Covers no-assurance engagements, omission of disclosures, and report requirements. Completes the assurance spectrum introduced in the attestation framework section.

Lesson 1 • Pass-Through Entity Taxation

Explains partnership and S corporation formation, income allocation, and basis tracking. Connects corporate tax concepts to flow-through treatment tested heavily on the exam.

Lesson 2 • Corporate Taxation

Covers C corporation formation, taxable income computation, dividends-received deduction, and distributions. Prepares candidates for entity-level tax questions distinct from individual taxation.

Lesson 3 • Individual Income Tax Fundamentals

Covers gross income inclusions, exclusions, above-the-line deductions, and filing status. Establishes the individual tax formula used throughout the REG section.

Lesson 4 • Capital Gains, Losses, and Property Transactions

Explains holding periods, capital gain rates, loss limitations, and like-kind exchange rules. Builds on income fundamentals to address asset disposition taxation.

Lesson 1 • CPA Legal Liability and Ethics

Addresses common law and statutory liability to clients and third parties, and disciplinary rules. Reinforces professional ethics from the auditing chapters in a legal context.

Lesson 2 • Contracts and Sales Law

Explains contract formation, enforceability, performance, and breach remedies. Provides the legal foundation for all commercial transaction topics that follow.

Lesson 3 • Agency, Employment, and Business Structures

Covers principal-agent relationships, employer liability, and entity formation characteristics. Connects legal concepts to the business structures tested in the REG section.

Lesson 4 • Negotiable Instruments and Suretyship

Covers holder-in-due-course status, liability on instruments, and surety rights. Extends commercial law coverage to payment instruments and guaranty arrangements.

Lesson 1 • Capital Budgeting and Corporate Finance

Covers NPV, IRR, payback, and capital structure decisions. Prepares candidates for quantitative finance questions in the business analysis section.

Lesson 2 • Data Analytics and Technology in Accounting

Introduces data analytics techniques, visualisation tools, and emerging technologies affecting accounting. Addresses the technology-focused content added to the current exam blueprint.

Lesson 3 • Financial Statement Analysis

Covers ratio analysis, trend analysis, and common-size statements for performance evaluation. Applies financial reporting knowledge from earlier chapters to analytical decision-making.

Lesson 4 • Managerial and Cost Accounting

Explains cost behaviour, CVP analysis, budgeting, and variance analysis for internal decision-making. Bridges financial reporting to management accounting tools tested on the exam.