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Following are some reference material for actual AICPA CPA-Regulation exam test
These are following steps for registering the CPA Regulation-Exam.
You can take the Exam (and qualify as a CPA Regulation) only if you meet the requirements of a Board of Accountancy in one of the 55 U.S. jurisdictions.
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There is no such prerequisite, anyone can go ahead and write Global Professional Human Resource certification just they need to fulfill the eligibility criteria.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
| Section | Weight | Objectives |
|---|---|---|
| Federal Taxation of Property Transactions | 12-22% | - Cost recovery: depreciation, amortization, depletion - Like-kind exchanges and involuntary conversions - Capital vs ordinary asset classification - Asset basis and holding periods - Recognition of gains and losses |
| Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20% | - Ethics and responsibilities in tax practice - Tax preparer penalties and due diligence - Treasury Department Circular 230 - Federal tax audit and appeal procedures - Privileged communications and disclosure rules |
| Federal Taxation of Entities | 23-33% | - Tax-exempt organizations - Gift, estate, and trust taxation - Book-tax differences - Partnerships and LLCs - C corporations and S corporations |
| Federal Taxation of Individuals | 22-32% | - Tax credits and alternative minimum tax - Adjustments, deductions, and exemptions - Filing status and dependency rules - Gross income inclusions and exclusions - Loss limitations and carryovers |
| Business Law | 15-25% | - Agency relationships and authority - Business structure legal characteristics - Uniform Commercial Code (UCC) articles - Contract formation and performance - Employment and federal business regulations - Debtor-creditor relationships and bankruptcy |
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