All Topics > Financial Services > Certified Public Accountant (CPA) >

Certified Public Accountant (CPA) Connecticut

Business trends in the 21st century are evolving into different forms. Traditional CPA practices are now branching out to different fields of expertise to catch up with demands of the market. Becoming a competitive CPA today requires having a high standard for yourself and the perseverance to widen your skill set. Let us look at the different discussions related to being a CPA.

1. Local Companies

2. CPA Exam

3. What to Expect in a CPA Exam

4. Content Areas in a CPA Exam

5. Featured Local Company

1. Local Companies

Cape Executive Business Strategies, LLC
(203) 515-2922
128 Main St
New Canaan, CT

Safety Priority Consultants, LLC
1-800-809-0059
185 Main St. Ste 204
New Britain, CT

Fulco, DiTommaso, McMahon & Co., PC CPA's
(860) 589-1418
225 north main st suite 306
bristol, CT

Barron Henry Accntnt
(203) 259-7876
1275 Post Rd Ste 10
Fairfield, CT

Wynnick Mark CPA
(203) 367-2022
418 Meadow St
Fairfield, CT

Weiss Stanford B CPA
(203) 372-2118
Fairfield, CT

Bookkeeping Solutions
(203) 380-2174
134 Bannock Ln
Stratford, CT

Levine Joseph
(203) 281-5519
555 Sherman Ave
Hamden, CT

Haffner Joseph J Co
(203) 269-6682
151 N Colony St
Wallingford, CT

Pallman James J CPA
(203) 469-3431
169 Huntington Ave
New Haven, CT

2. CPA Exam

The most challenging part in becoming a CPA is passing the United Certified Public Accountant Examination. This examination aims to standardize the quality of professionalism expected from a CPA. Developed by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy, the CPA exam is the foremost regulatory tool practiced in all U.S. States and dependencies.

The CPA Exam is known for its brutal length structured into a two-day exam. In 1996, the CPA Exam was divided into four sections namely Business Law and Professional Responsibilities, Auditing, Accounting and Reporting (Taxation, Managerial, Government, and NGO), and Financial Accounting and Reporting for Business Enterprises. Since then the Unified CPA Exam has stuck with the four-section two-day format. However, the CPA Exam shifted to computer-based administration prompting a move to modify these core areas. As it stands, the four main sections of the CPA Exam includes Auditing and Attestation, Financial Accounting and Reporting, Regulations, and Business Environment and Concept. Seventy percent of the questions on the CPA Exam are multiple choice questions while thirty percent of the questions are practical simulations.

3. What to Expect in a CPA Exam

Students in finance and accounting have to deal with critical decisions before committing to taking a CPA Exam. After all, the preparation for this examination is done in a span of months. Getting prepared in the most possible way involves knowing the nature of the examination from the structure and difficulty to the testing method and criteria for a successful examination.

CPA examinees are wary of the simulation part of the CPA Exam. It is supposed to test your accounting knowledge through a variety of task that can be answered in different ways. Simulation exams test the depth of your accounting skills and measure your analytical skills, communication skills, and research.

Usually the final output of simulation exams is memorandums written by the examinees containing the arrived solution to the problem and his decisions based on the data presented to him. Thus, it is very important that one does not only get to the right answer, but also has the discernment to comprehend the numbers and act on it. Your written memo is judged on organization, development and expression. You should have a structure of ideas shown in your paper, presentation of evidence based from your solutions, and perfect usage of English and accounting terms for clarity.

The scoring scale in a CPA exam ranges from 0 to 99. Seventy-five is the passing score as it is the score that reflects examinees with the sufficient accounting skills to "protect the public".

4. Content Areas in a CPA Exam

The four major sections of a CPA Exam has corresponding subtopics needed to test the applicant's communication skills, research skills, analysis, judgment, and understanding of the subject. Based on the 2000 Practical Analysis, these skills became the foundation of the major sections of the CPA Exam.

The first section, Auditing and Attestation, includes initializing and planning auditing engagements, considering internal control in both manual and computerized environments, obtaining documents and solid data to form a basis for conclusions, and reviewing the auditing engagement completely and independently. The second section will test you on business structure, economic concepts, financial management, information technology, and planning and measurement.

Candidates are then tested on their knowledge of professional ethics, federal taxation, professional and legal responsibilities, business law, and the skills required to apply these knowledge. One should be aware of every legal responsibilities and implications of a business transaction as well as the accountability expected from a CPA. The regulation section of the exam tests the candidate on the code of professional conduct, proficiency, independence and due care, tax ethics, and more.

The Financial Accounting and Reporting section tests the knowledge of general accounting principles viable for business enterprises, not-for-profit-organizations, and government entities along with the skills needed to apply these tasks.

5. Featured Local Company

Cape Executive Business Strategies, LLC

(203) 515-2922
128 Main St
New Canaan, CT
http://capeexecutive.blogspot.com

Navigating the Cape has always been a challenging for a Captain and his ship. In today's economy a business has an even stormier task. Often the small business of today has you as Captain, first mate, and deckhand.

With so many tasks and so little time to handle them all it is no wonder that so many small businesses do not survive the rough passage of the first years.

Often all it takes is help, but from whom?

Building an effective plan than does not constrain your entrepreneurial spirit can often make a huge difference in increasing sales, responsiveness, and customer satisfaction.

The service we offer is there to shore up your ship. Through an intense analysis and overview of our business we will determine your strengths and weeknesses. Through this portal we will chart a course of action for your business.

Once the charts have been marked, regular feedback will be supplied, much as a lighthouse would act to guide you away from trouble.

Read more about Certified Public Accountant (CPA)

- How to Select An Accountant Connecticut
- Financial Accounting Connecticut
- Accounting Connecticut
- Commercial Mortgages Connecticut
- Cost Accounting Connecticut
- Accounts Payable Connecticut
- Business Purchase Connecticut
- Cost Segregation Connecticut
- Unsecured Business Loans Connecticut
- Raising Capital Connecticut

Regional Articles

Related Local Event

HOLIDAY NETWORKING GATHERING
Dates: 12/4/2008 - 12/4/2008
Location: Country Club of Darien
Darien CT
View Details

Rate Article

Save to My Articles

Articles Insider

Advertising	Fashion	Nightlife
Business Services	Financial Services	Online Database
Career	Franchise	Real Estate Resources
Cars	Health	Software
Chamber of Commerce	Holidays	Technology
Computer Hardware	Home Appliances	Telecommunications
Construction	Home Electronics	Trade Shows
Education	Home Services	Travel
Educational Content	Internet	Weddings
Entertainment	Legal	World History
Family	Miscellaneous

Advertising	Educational Content	Home Appliances	Real Estate Resources
Business Services	Entertainment	Home Electronics	Software
Career	Family	Home Services	Technology
Cars	Fashion	Internet	Telecommunications
Chamber of Commerce	Financial Services	Legal	Trade Shows
Computer Hardware	Franchise	Miscellaneous	Travel
Construction	Health	Nightlife	Weddings
Education	Holidays	Online Database	World History

Searching...

Certified Public Accountant (CPA) Connecticut

1. Local Companies

2. CPA Exam

3. What to Expect in a CPA Exam

4. Content Areas in a CPA Exam

5. Featured Local Company