Study Tips For the Reg CPA Exam

If you are preparing to take the Reg CPA exam, you should consider planning ahead, familiarising yourself with the exam structure and following the study tips that were share in this article.

The post is focused on study tips for the Reg CPA Exam. The article will focus on these key areas:

  • Consulting a legal professionals for study tips for reg CPA exam
  • Taxation
  • Federal taxation and business law
  • Exam content areas
  • Breaking up study time between law, tax, and application
  • Follow AICPA guidelines
  • CPA exam time management
  • CPA exam prep study tips

Consult Legal Professionals For Study Tips For Reg Cpa Exam

When preparing for the REG CPA exam, consulting a practicing expert can be invaluable. They know the ins and outs of the legal industry and can explain company documents and record conversations for future reference.

They can also explain important federal laws and how these affect your company.

Using a CPA Review Course is also important, especially for the REG exam. It provides current study materials that will keep you motivated, reduce procrastination, and reduce stress. In short, the REG exam is easier to pass if you’re using a CPA Review Course.

Grasp Taxation

One of the most important aspects of the REG section is taxation. The REG exam tests knowledge of federal taxation and the related rules. It may be challenging for those who have limited knowledge of the topic, so it is crucial to practice these areas and stay up to date on changes.

Studying for the REG exam isn’t as complicated as the other sections of the exam, but it requires a lot of work experience. It requires the most study time after the FAR exam.

The REG is also a little less logical and subjective than the other sections. It’s best to spend some time learning about business and individual tax forms, even if you hate taxation.

Federal Taxation And Business Law

The Regulation (REG) section of the CPA exam tests knowledge of federal taxation and business law. It can be challenging for those without tax experience, as there are many changing rules and laws that govern the practice of accounting. For these reasons, it’s a good idea to seek expert advice on how to study for the REG CPA exam.

While the REG section of the exam is relatively straightforward, it does require you to stay up to date on new laws. This section of the exam is four hours long and contains 76 multiple choice questions and eight task-based simulations.

Exam Content Areas

Its pass rate is around 60%. This exam covers five main content areas: ethics, professional responsibilities, business law, and federal taxation of individuals and property transactions.

Before taking the REG CPA exam, it’s important to make sure you’ve registered. By registering for the exam, you’re indicating that you intend to take the exam within a specific time period.

The time period depends on individual jurisdictions, but it’s usually about 18 calendar months. Those who fail to schedule the exam within the allotted time risk forfeiting their registration fees.

Break-Up Study Time Between Law, Tax, And Application

There are 2 major categories of questions on the REG exam: multiple-choice questions (MCQs) and task-based simulations (TSVs). Both account for 50 percent of your score.

A MCQ consists of a question stem (the question being asked), which includes the details needed to answer it and any extraneous information.

The correct answer is one of the four choices given. The other answer choices are distractors, which are designed to prevent you from reaching the correct answer.

You may have an advantage in the REG section if you have prior tax experience. The content is more familiar to you, especially if you’ve worked in a public practice environment.

As a result, you’ll probably have a fairly easy time passing the REG. However, it is crucial that you schedule enough time to study the REG section.

Studying the tax code can be tedious and take hours of study. But it’s essential to learn the rules and regulations of federal taxation. As long as you’re consistent in your studies and practice, you’ll be ready for the REG exam.

Follow AICPA Guidelines

New law and tax laws impact the exam, and it is important to stay up to date on them. The AICPA offers guidelines on when and how to test new content on the REG exam.

For example, changes to the Internal Revenue Code are tested six months after their effective date. Likewise, changes in federal taxation regulations, including Uniform Acts, take place one year after adoption.

The REG CPA exam is composed of 5 testlets. Each testlet contains a variety of questions. The first two testlets are multiple-choice questions, while the third and fourth testlets contain task-based simulations.

CPA Exam Time Management

A timer is on the screen during the breaks, so you need to keep track of your time and mark questions that you have already completed. As a rule, the REG exam will last around four hours.

The Regulation section of the CPA Exam is designed to test newly licensed CPAs on their knowledge of business law, tax, and ethics. It consists of 76 Multiple Choice Questions and eight Task-Based Simulations.

It does not include questions that assess the knowledge of a newly licensed CPA in written communication.

The total study time for the REG section is 80-120 hours, and the more familiar you are with the content, the less time you need to devote to the exam. Generally speaking, you can complete the review in 4-6 weeks if you study an average of 20 hours a week.

Limit Distractions

One of the most important things to remember when studying for the CPA exam is to limit distractions. You don’t need a TV or the internet to study, but you do need to focus. Without focus, you won’t be able to understand the material.

The CPA exam has a large amount of material, and it can be easy to spend too much time on a single question. Choosing your time wisely can help you avoid this, and limit your overall exam time. For example, it’s best to save the most difficult questions for last.

If you want to set yourself on a path of success, you need to prepare thoroughly for the CPA exam.

The CPA exam is an important part of becoming a certified public accountant (CPA). It tests your knowledge of accounting principles and practices, financial statements, and other areas related to auditing and tax preparation.

Know What To Expect

There are three sections to the CPA exam: multiple choice questions, essay questions, and case studies. Multiple choice questions test your ability to apply concepts and understand how to use certain tools.

Essay questions require you to write a short answer based on a scenario. Case studies involve reading a real life situation and then analyzing it using the same set of rules as when you would prepare a balance sheet or income statement.

Study Diligently

If you study hard and practice often, you will do well on the CPA exam. It’s not enough to just memorize facts; you need to learn how to apply them in different situations. This means practicing with actual scenarios instead of just studying the material.

Practice Questions

One of the best ways to prepare for the CPA exam is by taking practice tests. There are several websites where you can take free practice exams. However, there are also plenty of paid options available as well.

Take Practice Tests

Practice tests are an excellent way to test yourself before sitting down with the actual exam. They will help you identify areas of weakness so you can focus your study efforts on those topics.

Review Your Answers

Once you have completed the practice exams, take a few minutes to review your answers. This will give you a chance to see how well you did on each section and what areas need more work.

Final Thoughts

Make sure that your CPA exam study schedule is free form distractions as much as possible. Also ensure to break up your study time into law, tax, and application.

Wishing you all the best in your Reg CPA Exam.

eFundi presents comprehensive insights on online education opportunities and much need career guidance.

March 2023


473 Mundet Place, Ste US584076, Hillside, New Jersey, United States.