CPA 20 Certification Course

Lesson 1 • Professional Ethics and Conduct

Examines the code of professional conduct, independence rules, and ethical decision-making. Establishes the ethical foundation required throughout the course.

Lesson 2 • Core Accounting Principles

Covers foundational generally accepted accounting principles and conceptual frameworks. Provides the technical base for all subsequent financial reporting topics.

Lesson 3 • Professional Responsibilities and Liability

Identifies CPA legal duties, liability exposure, and risk mitigation strategies. Prepares learners to manage professional risk from the outset.

Lesson 4 • Regulatory and Standards Environment

Surveys standard-setting bodies and their authoritative guidance. Connects regulatory awareness to compliant professional practice.

Lesson 1 • Liabilities and Equity Reporting

Examines recognition and measurement of current liabilities, long-term debt, and equity. Ensures complete and accurate balance sheet presentation.

Lesson 2 • Financial Statement Preparation

Covers structure and content of the income statement, balance sheet, and cash flow statement. Directly applies core accounting principles from Chapter 1.

Lesson 3 • Revenue Recognition Standards

Applies the five-step revenue recognition model to diverse transaction types. Ensures accurate top-line reporting across industries.

Lesson 4 • Consolidated and Specialized Reporting

Introduces consolidation principles, segment reporting, and interim financial statements. Extends reporting skills to complex organizational structures.

Lesson 1 • Audit Framework and Standards

Establishes the conceptual audit framework, types of engagements, and applicable standards. Sets the professional context for all audit procedures covered later.

Lesson 2 • Audit Reporting and Opinions

Covers standard and modified audit report formats, emphasis paragraphs, and going concern. Connects evidence gathered to the appropriate audit opinion.

Lesson 3 • Risk Assessment and Planning

Covers audit risk model components, materiality determination, and strategic planning. Translates risk assessment into a focused, efficient audit plan.

Lesson 4 • Substantive Audit Procedures

Applies analytical procedures and tests of details to key financial statement areas. Produces sufficient appropriate audit evidence for conclusions.

Lesson 1 • Property Transactions and Capital Gains

Examines basis determination, gain or loss recognition, and capital gain rates. Connects property transactions to accurate tax return reporting.

Lesson 2 • Individual Income Taxation

Covers filing status, adjusted gross income, itemized deductions, and individual credits. Builds competency in preparing individual tax returns accurately.

Lesson 3 • Tax System Structure and Concepts

Explains the structure of the tax system, sources of tax law, and key terminology. Provides the conceptual base for all tax calculations and compliance work.

Lesson 4 • Business Entity Taxation

Addresses taxation of corporations, partnerships, and pass-through entities. Enables comparison of entity structures for tax planning purposes.

Lesson 1 • Business Entity Structures

Compares sole proprietorships, partnerships, corporations, and limited liability entities. Enables CPAs to advise clients on entity selection and governance implications.

Lesson 2 • Corporate Governance and Regulation

Examines board duties, shareholder rights, and regulatory oversight of public companies. Links governance principles to audit committee and CPA responsibilities.

Lesson 3 • Secured Transactions and Bankruptcy

Addresses creditor rights, security interests, and bankruptcy proceedings. Prepares CPAs to advise clients on debt restructuring and creditor priority.

Lesson 4 • Agency and Employment Law

Covers principal-agent relationships, authority types, and employment law basics. Connects legal duties to CPA advisory and payroll compliance roles.

Lesson 1 • Cost Concepts and Classification

Defines fixed, variable, direct, and indirect costs and their behavior patterns. Establishes cost vocabulary essential for all managerial accounting analysis.

Lesson 2 • Performance Measurement Systems

Examines responsibility accounting, segment reporting, and balanced scorecard frameworks. Links financial and non-financial metrics to strategic objectives.

Lesson 3 • Job Order and Process Costing

Applies job order and process costing systems to manufacturing and service environments. Enables accurate product cost determination across different production models.

Lesson 4 • Activity-Based Costing and Management

Introduces activity-based costing to improve overhead accuracy and cost driver analysis. Connects ABC insights to pricing and process improvement decisions.

Lesson 1 • Time Value of Money Applications

Covers present value, future value, annuities, and their application to financial decisions. Provides the quantitative foundation for capital budgeting and valuation.

Lesson 2 • Working Capital Management

Addresses cash, receivables, inventory, and payables management for liquidity optimization. Ensures learners can sustain operations while minimizing financing costs.

Lesson 3 • Cost of Capital and Capital Structure

Calculates weighted average cost of capital and analyzes optimal capital structure. Connects financing decisions to firm value and risk management.

Lesson 4 • Capital Budgeting Techniques

Applies NPV, IRR, payback period, and profitability index to investment decisions. Enables rigorous evaluation of long-term capital allocation choices.

Lesson 1 • Tax Research and Planning Process

Establishes a systematic approach to tax research, authority evaluation, and planning documentation. Builds on foundational tax knowledge to support advisory engagements.

Lesson 2 • Estate and Gift Tax Planning

Examines wealth transfer taxes, exemptions, valuation discounts, and trust structures. Prepares CPAs to advise high-net-worth clients on multi-generational planning.

Lesson 3 • International Tax Considerations

Introduces cross-border taxation, foreign income reporting, and transfer pricing principles. Equips CPAs to identify international tax issues and escalate complex matters.

Lesson 4 • Pass-Through Entity Planning

Addresses basis tracking, at-risk rules, passive activity limitations, and qualified income deductions. Optimizes tax outcomes for partnership and S corporation clients.