CPA Regulation Exam Dumps

CPA-REG Exam Format | Course Contents | Course Outline | Exam Syllabus | Exam Objectives

Content area allocation Weight

I. Ethics, Professional Responsibilities and Federal Tax Procedures 10–20%

II. Business Law 10–20%

III. Federal Taxation of Property Transactions 12–22%

IV. Federal Taxation of Individuals 15–25%

V. Federal Taxation of Entities 28–38%



minutes — Welcome/enter launch code

5 minutes — Confidentiality/section information

4 hours — Testing time

15 minutes — Break after third testlet (option to pause Exam timer)

5 minutes — Survey

Each of the four Exam sections is broken down into five smaller sections called testlets. These testlets feature multiple-choice questions (MCQs) and task-based simulations (TBSs). In the case of BEC, you also have to complete three written communication tasks. The number of MCQs and TBSs tested varies depending upon the specific section taken. You will receive at least one research question (research-oriented TBS) in the AUD, FAR and REG sections. To complete them, you will have to search the related authoritative literature and find an appropriate reference.



The REG section blueprint is organized by content AREA, content GROUP
and content TOPIC. Each topic includes one or more representative TASKS
that a newly licensed CPA may be expected to complete when performing tax
preparation services, tax advisory services or other responsibilities of a CPA.
The tasks in the blueprint are representative. They are not intended to be (nor
should they be viewed as) an all-inclusive list of tasks that may be tested in the
REG section of the Exam. Additionally, it should be noted that the number of
tasks associated with a particular content group or topic is not indicative of the
extent such content group, topic or related skill level will be assessed on the
Exam. Similarly, examples provided within the task statements should not be
viewed as all-inclusive.



Area I Ethics, Professional Responsibilities and

Federal Tax Procedures 10–20%

Area II Business Law 10–20%

Area III Federal Taxation of Property Transactions 12–22%

Area IV Federal Taxation of Individuals 15-25%

Area V Federal Taxation of Entities 28-38%



Overview of content areas

Area I of the REG section blueprint covers several topics, including the following:
• Ethics and Responsibilities in Tax Practice – Requirements based on Treasury
Department Circular 230 and the rules and regulations for tax return preparers

• Licensing and Disciplinary Systems – Requirements of state boards of
accountancy to obtain and maintain the CPA license

• Federal Tax Procedures – Understanding federal tax processes and
procedures, including appropriate disclosures, substantiation, penalties and
authoritative hierarchy

• Legal Duties and Responsibilities – Understanding legal issues that affect
the CPA and his or her practice

Area II of the REG section blueprint covers several topics of Business Law,
including the following:

• Knowledge and understanding of the legal implications of business
transactions, particularly as they relate to accounting, auditing and financial
reporting.

• Areas of agency, contracts, debtor-creditor relationships, government
regulation of business, and business structure.

- The Uniform Commercial Code under the topics of contracts and
debtor-creditor relationships.

- Nontax-related business structure content. Area V of the REG section
blueprint covers the tax-related issues of the various business structures.
• Federal and widely adopted uniform state laws and references as identified
in References below.

Area III, Area IV and Area V of the REG section blueprint cover various topics
of federal income taxation and gift and estate tax. Accounting methods and
periods, and tax elections are included in the Areas listed below:

• Area III covers the federal income taxation of property transactions. Area III
also covers topics related to federal estate and gift taxation.

• Area IV covers the federal income taxation of individuals from both a tax
preparation and tax planning perspective.

• Area V covers the federal income taxation of entities including sole
proprietorships, partnerships, limited liability companies, C corporations,

S corporations, joint ventures, trusts, estates and tax-exempt organizations,
from both a tax preparation and tax planning perspective.

Section assumptions

The REG section of the Exam includes multiple-choice questions,
task-based simulations and research prompts. Candidates should assume
that the information provided in each question is material and should apply
all stated assumptions. To the extent a question addresses a topic that could
have different tax treatments based on timing (e.g., alimony arrangements
or net operating losses), it will include a clear indication of the timing (e.g.,
use of real dates) so that the candidates can determine the appropriate
portions of the Internal Revenue Code or Treasury Regulations to apply to



Remembering and understanding is mainly concentrated in Area I and Area II.
These two areas contain the general ethics, professional responsibilities and
business law knowledge that is required for newly licensed CPAs and is tested
at the lower end of the skill level continuum.

• Application and analysis skills are primarily tested in Areas III, IV and V. These
three areas contain more of the day-to-day tasks that newly licensed CPAs are
expected to perform and therefore are tested at the higher end of the skill level
continuum.

The representative tasks combine both the applicable content knowledge and
the skills required in the context of the work that a newly licensed CPA would
reasonably be expected to perform. The REG section does not test any content at
the Evaluation skill level as newly licensed CPAs are not expected to demonstrate
that level of skill in regards to the REG content.


1. Regulations

governing

practice

before the Internal Revenue Service

Recall the regulations governing practice before the Internal Revenue Service.

Apply the regulations governing practice before the Internal Revenue Service given a specific scenario.

2. Internal Revenue

Code and

Regulations

related

to tax return

preparers

Recall who is a tax return preparer.

Recall situations that would result in federal tax return preparer penalties.

Apply potential federal tax return preparer penalties given a specific scenario.

B. Licensing and disciplinary systems

Understand and explain the role and authority of state boards of accountancy.

C. Federal tax procedures

1. Audits, appeals

and judicial

process

Explain the audit and appeals process as it relates to federal tax matters.

Explain the different levels of the judicial process as they relate to federal tax matters.

Identify options available to a taxpayer within the audit and appeals process given a specific

scenario.

Identify options available to a taxpayer within the judicial process given a specific scenario.



2. Substantiation

and disclosure

of tax positions

Summarize the requirements for the appropriate disclosure of a federal tax return

position.

Identify situations in which disclosure of federal tax return positions is required.

Identify whether substantiation is sufficient given a specific scenario.

3. Taxpayer penalties Recall situations that would result in taxpayer penalties relating to federal tax returns.

Calculate taxpayer penalties relating to federal tax returns.

4. Authoritative

hierarchy

Recall the appropriate hierarchy of authority for federal tax purposes.

D. Legal duties and responsibilities

1. Common law

duties and

liabilities to

clients and third

parties

Summarize the tax return preparers common law duties and liabilities to clients and

third parties.

Identify situations which result in violations of the tax return preparers common law duties

and liabilities to clients and third parties.

2. Privileged

communications,

confidentiality

and privacy acts

Summarize the rules regarding privileged communications as they relate to tax practice.

Identify situations in which communications regarding tax practice are considered

privileged.



1. Authority of agents

and principals Recall the types of agent authority.

Identify whether an agency relationship exists given a specific scenario.

2. Duties and

liabilities of agents

and principals

Explain the various duties and liabilities of agents and principals.

Identify the duty or liability of an agent or principal given a specific scenario.

B. Contracts

1. Formation Summarize the elements of contract formation between parties.

Identify whether a valid contract was formed given a specific scenario.

Identify different types of contracts (e.g., written, verbal, unilateral, express and implied)

given a specific scenario.

2. Performance Explain the rules related to the fulfillment of performance obligations necessary for an

executed contract.

Identify whether both parties to a contract have fulfilled their performance obligation given

a specific scenario.



3. Discharge, breach

and remedies

Explain the different ways in which a contract can be discharged (e.g., performance,

agreement and operation of the law).

Summarize the different remedies available to a party for breach of contract.

Identify situations involving breach of contract.

Identify whether a contract has been discharged given a specific scenario.

Identify the remedy available to a party for breach of contract given a specific scenario.

C. Debtor-creditor relationships

1. Rights, duties

and liabilities of

debtors,

creditors

and guarantors

Explain the rights, duties and liabilities of debtors, creditors and guarantors.

Identify rights, duties or liabilities of debtors, creditors or guarantors given a specific

scenario.

2. Bankruptcy and

insolvency

Explain the rights of the debtors and the creditors in bankruptcy and insolvency.

Summarize the rules related to the different types of bankruptcy.

Explain discharge of indebtedness in bankruptcy.

Identify the rights of the debtors and the creditors in bankruptcy and insolvency given a

specific scenario.

Identify the type of bankruptcy described in a specific scenario.

3. Secured

transactions

Explain how property can serve as collateral in secured transactions.

Summarize the priority rules of secured transactions.

Explain the requirements needed to create and perfect a security interest.

Identify the prioritized ordering of perfected security interests given a specific scenario.

Identify whether a creditor has created and perfected a security interest given a

specific scenario.

D. Government regulation of business

1. Federal securities

regulation

Summarize the various securities laws and regulations that affect corporate governance

with respect to the federal Securities Act of 1933 and federal Securities Exchange Act

of 1934.

Identify violations of the various securities laws and regulations that affect corporate

governance with respect to the federal Securities Act of 1933 and federal Securities

Exchange Act of 1934.

2. Other federal

laws and

regulations

(e.g., employment

tax, qualified health

plans and worker

classification)

Summarize federal laws and regulations, for example, employment tax, qualified health plans

and worker classification federal laws and regulations.

Identify violations of federal laws and regulations, for example, employment tax, qualified

health plans and worker classification federal laws and regulations.

1. Selection and

formation of

business entity

and related

operation

and termination

Summarize the processes for formation and termination of various business entities.

Summarize the non-tax operational features for various business entities.

Identify the type of business entity that is best described by a given set of

nontax-related characteristics.

2. Rights, duties,

legal obligations

and authority

of owners and

management

Summarize the rights, duties, legal obligations and authority of owners and management.

Identify the rights, duties, legal obligations or authorities of owners or management given a

specific scenario.

1. Basis and holding

period of assets

Calculate the tax basis of an asset.

Determine the holding period of a disposed asset for classification of tax gain or loss.

2. Taxable and

nontaxable

dispositions

Calculate the realized and recognized gain or loss on the disposition of assets for federal income

tax purposes.

Calculate the realized gain, recognized gain and deferred gain on like-kind property exchange

transactions for federal income tax purposes.

Analyze asset sale and exchange transactions to determine whether they are taxable or

nontaxable.

3. Amount and

character of gains

and losses, and

netting process

(including

installment sales)

Calculate the amount of capital gains and losses for federal income tax purposes.

Calculate the amount of ordinary income and loss for federal income tax purposes.

Calculate the amount of gain on an installment sale for federal income tax purposes.

Review asset transactions to determine the character (capital vs. ordinary) of the gain or

loss for federal income tax purposes.

Analyze an agreement of sale of an asset to determine whether it qualifies for installment

sale treatment for federal income tax purposes.

4. Related party

transactions

(including imputed

interest)

Recall related parties for federal income tax purposes.

Recall the impact of related party ownership percentages on acquisition and disposition

transactions of property for federal income tax purposes.

Calculate the direct and indirect ownership percentages of corporation stock or partnership

interests to determine whether there are related parties for federal income tax purposes.

Calculate a taxpayers basis in an asset that was disposed of at a loss to the taxpayer by a

related party.

Calculate a taxpayers gain or loss on a subsequent disposition of an asset to an unrelated

third party that was previously disposed of at a loss to the taxpayer by a related party.

Calculate the impact of imputed interest on related party transactions for federal

tax purposes.

B. Cost recovery (depreciation, depletion and amortization)

Calculate tax depreciation for tangible business property and tax amortization of intangible

assets.

Calculate depletion for federal income tax purposes.

Compare the tax benefits of the different expensing options for tax depreciation for federal

income tax purposes.

Reconcile the activity in the beginning and ending accumulated tax depreciation account.

1. Transfers subject

to gift tax Recall transfers of property subject to federal gift tax.

Recall whether federal Form 709 — United States Gift (and Generation-Skipping Transfer)

Tax Return is required to be filed.

Calculate the amount and classification of a gift for federal gift tax purposes.

Calculate the amount of a gift subject to federal gift tax.

2. Gift tax annual

exclusion and gift

tax deductions

Recall allowable gift tax deductions and exclusions for federal gift tax purposes.

Recall situations involving the gift tax annual exclusion, gift-splitting and the impact on

the use of the lifetime exclusion amount for federal gift tax purposes.

Compute the amount of taxable gifts for federal gift tax purposes.

3. Determination

of taxable estate

Recall assets includible in a decedents gross estate for federal estate tax purposes.

Recall allowable estate tax deductions for federal estate tax purposes.

Calculate the taxable estate for federal estate tax purposes.

Calculate the gross estate for federal estate tax purposes.

Calculate the allowable estate tax deductions for federal estate tax purposes

Calculate the amounts that should be included in, or excluded from, an individuals gross

income as reported on federal Form 1040 — U.S. Individual Income Tax Return.

Analyze projected income for use in tax planning in future years.

Analyze client-provided documentation to determine the appropriate amount of gross

income to be reported on federal Form 1040 — U.S. Individual Income Tax Return.

B. Reporting of items from pass-through entities

Prepare federal Form 1040 — U.S. Individual Income Tax Return based on the information

provided on Schedule K-1.

C. Adjustments and deductions to arrive at adjusted gross income and taxable income

Calculate the amount of adjustments and deductions to arrive at adjusted gross income

and taxable income on federal Form 1040 — U.S. Individual Income Tax Return.

Calculate the qualifying business income (QBI) deduction for federal income tax purposes.

Analyze client-provided documentation to determine the validity of the deductions

taken to arrive at adjusted gross income or taxable income on federal Form 1040 — U.S.

Individual Income Tax Return.

D. Passive activity losses (excluding foreign tax credit implications)

Recall passive activities for federal income tax purposes.

Calculate net passive activity gains and losses for federal income tax purposes.

Prepare a loss carryforward schedule for passive activities for federal income tax purposes.

Calculate utilization of suspended losses on the disposition of a passive activity for

federal income tax purposes.

Uniform CPA Examination Blueprints: Regulation (REG) REG16

Regulation (REG)

Area IV – Federal Taxation of Individuals

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CPA-REG PDF Sample Questions

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CPA-REG
CPA Regulation
https://killexams.com/pass4sure/exam-detail/CPA-REG
QUESTION: 63
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing
$70,000 in taxable income. During 1994, Tom�s daughter Laura, age 16, resided with
Tom. Laura had no income of her own and was Tom�s dependent. Determine the amount
of income or loss, if any that should be included on page one of the Moores� 1994 Form
1040. Tom�s 1994 wages were $53,000. In addition, Tom�s employer provided group-
term life insurance on Tom�s life in excess of $50,000. The value of such excess
coverage was $2,000.
A. $0
B.$500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
1-1. $2,000
1. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: A
Explanation:
"N" is correct. $55,000. The value of employer-provided group term life insurance for
which the face amount exceeds $50,000 is taxable income to the insured employee and
the $53,000 in wages would both be included on page one, Form 1040.
QUESTION: 64
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing
$70,000 in taxable income. During 1994, Tom�s daughter Laura, age 16, resided with
Tom. Laura had no income of her own and was Tom�s dependent. Determine the amount
of income or loss, if any that should be included on page one of the Moores� 1994 Form
1040. During 1994, the Moores received a $2,500 federal tax refund and a $1,250 state
tax refund for 1993 overpayments. In 1993, the IV|oores were not subject to the
alternative minimum tax and were not entitled to any credit against income tax. The
Moores� 1993 adjusted gross income was $80,000 and itemized deductions were $1,450
in excess of the standard deduction. The state tax deduction for 1993 was
$2,000.
A. $0
B.$500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
1-1. $2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: E
Explanation:
"E" is correct. $1,250. The Moores itemized deductions in 1993 because such deductions
were $1,450 in excess of the standard deduction. The amount of state taxes deducted in
1993 was $2,000, which (along with the fact that the Moores were not subject to
alternative minimum tax, which may have reduced their tax benefit) indicates that the
Moores received a tax benefit in 1993 from deducting the $1,250 state tax refund they
received in 1994. The $1,250 is taxable in 1994.
QUESTION: 65
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing
$70,000 in taxable income. During 1994, Tom�s daughter Laura, age 16, resided with
Tom. Laura had no income of her own and was Tom�s dependent. Determine the amount
of income or loss, if any that should be included on page one of the Moores� 1994 Form
1040. In 1994, Joan received $1,300 in unemployment compensation benefits. Her
employer made a $100 contribution to the unemployment insurance fund on her behalf.
A. $0
B.$500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
H .$2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: F
Explanation:
"F" is correct. $1,300. Unemployment compensation benefits are fully taxable (when
received by the employee), but contributions made by the employer to the insurance
fund are not taxable.
QUESTION: 66
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing
$70,000 in taxable income. During 1994, Tom�s daughter Laura, age 16, resided with
Tom. Laura had no income of her own and was Tom�s dependent. Determine the amount
of income or loss, if any that should be included on page one of the Moores� 1994 Form
1040. The Moores received $8,400 in gross receipts from their rental property during
1994. The expenses for the residential rental property were:
A. $0
B.$500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
H. $2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: I
Explanation:
"I" is correct. $2,500. Rental actMty net income is reported on page one; the gross
income ($8,400) is fully reportable; and all deductions listed (total = $5,900) are fully
deductible for a net of $2,500.
QUESTION: 67
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing
$70,000 in taxable income. During 1994, Tom�s daughter Laura, age 16, resided with
Tom. Laura had no income of her own and was Tom�s dependent. Determine the amount
of income or loss, if any that should be included on page one of the Moores� 1994 Form
1040. The Moores received a stock dMdend in 1994 from Ace Corp. They had the
option to receive either cash or Ace stock with a fair market value of $900 as of the date
of distribution. The par value of the stock was
$500.
A. $0 B.$500
C. $900
o. $1,000
E. $1,250
F. $1,300
G. $1,500
H. $2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: C
Explanation:
"C" is correct. $900. If a taxpayer has the option of taking a dMdend either in stock or in
other property (e.g., cash), the dMdend is taxable regardless of the option the taxpayer
selects.
QUESTION: 68
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing
$70,000 in taxable income. During 1994, Tom�s daughter Laura, age 16, resided with
Tom. Laura had no income of her own and was Tom�s dependent. Determine the amount
of income or loss, if any that should be included on page one of the Moores� 1994 Form
1040. In 1994, Joan received $3,500 as beneficiary of the death benefit, which was
provided by her brother�s employer. Joan�s brother did not have a nonforfeitable right to
receive the money while lMng.
A. $0
B.$500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
H. $2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: A
Explanation:
"A" is correct. $0. Life insurance proceeds received by reason of the death of the insured
are not taxable income to the recipient.
QUESTION: 69
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing
$70,000 in taxable income. During 1994, Tom�s daughter Laura, age 16, resided with
Tom. Laura had no income of her own and was Tom�s dependent. Determine the amount
of income or loss, if any that should be included on page one of the Moores� 1994 Form
1040. Tom received $10,000, consisting of $5,000 each of principal and interest, when
he redeemed a Series EE savings bond in 1994. The bond was issued in his name in
1990 and the proceeds were used to pay for Laura�s college tuition. Tom had not elected
to report the yearly increases in the value of the bond.
A. $0
B.$500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
H. $2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: A
Explanation:
"A" is correct. $0. Generally, if a taxpayer does not make an election to accrue interest
income from Series EE bonds, the interest is taxable at the time the bonds are cashed.
However, an exception applies in this case because Tom Moore meets the criteria
(assume he was 24 years or older in 1990). Savings bonds is tax-exempt when:
(1) It is used to pay for qualified higher-education expenses for the taxpayer, spouse, or
dependents;
(2) There is taxpayer or joint ownership with spouse;
(3) The taxpayer is age 24 (or over) when the bonds are issued; and
(4) The bonds are acquired after 1989.
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CPA-REG CPA testing

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"With my skill and putting in satisfactory work, I will also be one of the finest, and that's first-rate as a result of then perhaps i will aid americans in ways that nobody else can. and that's really essential to me. I need to be that type of person."

When Chilimigras turned into in kindergarten, he comfortably changed into too young to recognize he became different.

"should you're the person who's doing these things, it really is common for you. You do not see it as any distinct as a result of it's all you've got ever frequent," referred to Chilimigras, who got here to appreciate his present in time. "I believe or not it's simply my ability. Like how Michael Phelps is the superior at swimming, you know? this is my area."

Chilimigras talked about he loves reading and at all times has had a gift for preserving information, however he stopped wanting calling his memory "photographic."

Chilimigras' fogeys, both with knowledgeable backgrounds in true property, encouraged him to work at his favourite pace, an approach that led to him finally being domestic-schooled.

"The pace i used to be going at relatively lots required it," spoke of Chilimigras, who additionally attended faculty very nearly however who intends to shuttle to Loyola for in-adult gaining knowledge of in August. "With legislation college, i go to go doubtless at a normal pace as a result of I want to really take up every thing i will be able to so i can are trying and be the finest attorney that i can.

"i'm going to specialize in tax legislation, which marries my two pursuits of accounting and legislations."

How did Chilimigras initally turn into attracted to accounting?

"I knew i wished to go to law faculty and i obligatory a bachelor's for that. My dad recommended, he talked about, 'both take something easy because you'll get in fact first rate grades and then that'll help with scholarship funds. or you can are trying and take something really problematic and try and retain your mind sharp for legislation faculty,' " Chilimigras observed. "I took the complicated route. I researched on the school i wanted to move to and what took individuals the longest to graduate. What changed into giving them most difficulty? That was accounting, so it's after I settled on it. and that i've type of fallen in love with it."

around final Christmas, when Chilimigras decided he desired to handle the CPA examination, he discovered Kesler CPA review.

"Bryan really is like a mentor, which isn't some thing that any of the different courses in fact have," Chilimigras talked about. "He helped in exactly guiding me throughout the system, however additionally that he's typical with the entire courses, and part of it is just having a person who's been in the course of the CPA exam earlier than in order that they be aware of what they struggled with, what that they had predicament with, what they could have more advantageous on. Having a person who's achieved that already to seek advice from is effective."

Joked Kesler: "My mantra is, 'I made all the mistakes failing the CPA exam so that you do not have to.'"

while Chilimigras has a historical past of no longer basically passing however in its place dominating standardized exams, the CPA examination became a distinct depend. He truly needed to take the fiscal Accounting and Reporting (far) area twice after arising two points shy of passing with a 73, although he believes an error he made distinct instances involving leaving spaces clean affected his ranking. His second time round, he scored eighty.

"or not it's a extremely well-put-together examination, however not simply because it's so difficult," Chilimigras pointed out. "I suppose like when I took it, I in reality had to be taught a great deal and extend my potential. And it in fact prepared me to be a CPA."

Chilimigras and Kesler met as a minimum twice a month online to devise and strategize. Chilimigras used a look at guide developed by means of Vishal Gandhi, CPA, of Vishal CPA Prep (who currently partnered with Kesler CPA evaluation); he took talents of a test financial institution featuring more advantageous query explanations that Kesler and Elisha Schwab, CPA, developed; and he attended reside community classes taught by Vishal and Schwab.

whereas that changed into all on-line, Chilimigras did be trained his score on the Auditing and Attestation (AUD) area on a highway commute to discuss with his mom's family in Virginia that took him right previous Kesler's home studio in Huntersville, N.C.

"i was saving it to peer it with him for the primary time, however it became eating away at me," Chilimigras spoke of. "That ranking exhibit with Bryan was the only one the place I bought a 75, which is the exact ranking I needed to flow. That changed into a fun second."

Chilimigras first discovered he had handed the enterprise environment and concepts (BEC) section on Feb. 20 with an 86. The 75 in AUD got here on March 20, adopted by an eighty five on legislation (REG) on April 18. ultimately, following the 73 on a ways on may additionally 27, he made background with an eighty on far on June 17.

Chilimigras, who said he studied about 5 hours a day all over the system, with no trouble admitted that being a 15-yr-historical out of college had its merits.

still, he provided some information to others taking the exam, tying it back to fishing.

"Some americans when they have got a test, they center of attention too much on the examination and type of drop every thing else. it may well get like how writers get with writers' block," Chilimigras noted. "I think or not it's crucial really simply to retain living life while you take the exams. Like, i may carry my books whereas going out fishing, or when i am placing out with friends. So I nevertheless get my getting to know time, however i am nonetheless able to live my lifestyles.

"I suppose that helped me to truly soak up the cloth without getting intimidated or exhausted or overrun via the task."

— To touch upon this article or to indicate an idea for one other article, contact Bryan Strickland at Bryan.Strickland@aicpa-cima.com.

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