The Ten Toughest Topics on the CPA Exam

Overview:

The CPA exam is one of the most challenging professional certifications, testing not only technical accounting knowledge but also critical thinking and problem-solving skills. Many candidates struggle with the most complex and frequently tested areas, which can make the difference between passing and retaking. 

This course is designed to help you master these high-stakes subjects with clarity and confidence. By focusing on the hardest concepts, you’ll strengthen your exam performance, reduce test-day anxiety, and improve your chances of passing on the first attempt-an essential step toward advancing your accounting career.

Areas Covered in the Session:

• Governmental Accounting (FAR) - Fund accounting, modified accrual, and government-wide vs. fund financial statements
• Leases (FAR) - Classification, right-of-use assets, and liability measurement under ASC 842
• Deferred Taxes (FAR) - Temporary differences, deferred tax assets/liabilities, and valuation allowances
• Consolidations & Business Combinations (FAR) - Elimination entries, goodwill, and variable interest entities
• Derivatives & Hedge Accounting (FAR) - Fair value vs. cash flow hedges and effectiveness testing
• Internal Control Framework (AUD) - COSO framework, control deficiencies, and audit responses
• Evidence & Sampling (AUD) - Statistical vs. nonstatistical sampling and audit evidence evaluation
• Professional Responsibilities & Independence (AUD/REG) - Ethical rules, independence violations, and AICPA/SEC standards
• Partnership Taxation (REG) - Basis, allocations, distributions, and liquidation rules
• Business Law & Contracts (REG/BEC) - UCC rules, agency, and key contract law principles

Who Will Benefit:

• All