How many credit hours are required in Indiana to earn your CPA license?
150
100
How long do you have to pass all parts of the CPA exam?
18 months from the date of the first passed exam.
100
What score do you need to pass the CPA exam?
75
100
What is the study material that you are required to use to study for the CPA exam?
None. You may use any form of study material to prepare you for the exams.
100
What are the 4 sections of the CPA exam?
Auditing and Attestation (AUD)
Business Environment and Concepts (BEC)
Financial Accounting and Reporting (FAR)
Regulation (REG)
200
True or False.
Regardless of your major, as long as you have 150 credit hours, you can sit for the CPA exam.
False. You must have a certain amount of business related credits to sit for the CPA exam.
200
What do you need before you can schedule to sit for the CPA exam?
Notice to Schedule (NTS)
200
How are the multiple choice, task-based simulations, and written communication tasks weighted for AUD, FAR, and REG?
MC-60, TBS-40
200
On average, how many hours do students spend studying in total for the CPA exam?
450 hours.
200
How many "testlets" are in each part of the exam?
4
300
True or False.
To receive an Indiana CPA license, you must be an Indiana resident?
False. There are no residency requirements for Indiana.
300
How long is your NTS valid?
6 months
300
True or False.
If two students get the same number of multiple choice questions and task-based simulations correct, they will have the same score?
False. Some questions are weighted differently.
300
How many weeks do most CPA study sites suggest that you spend studying for each part of the exam?
8 weeks on average.
300
True or False.
All exams have the same difficulty level?
False. All first testlets are of "medium" level. Depending on how well you did on the first testlet, you may get a "difficult" or another "medium" second testlet.
400
True or False.
You must have completed your 150 credit hours before you apply for the CPA exam?
False.
As long as you are enrolled in 150 hours, and you will be able to provide your completed transcript 60 days after applying.
400
What are "dead months?"
The months that the CPA exam is not given.
400
How are the multiple choice and written communication tasks weighted for BEC?
MC - 85, WCT - 15
400
True or False.
Average test takers spend around the same amount of time studying for each exam?