US CPA Syllabus change 2024: All You Need To Know

 

Are you planning to be a US CPA? Then, are you aware of the US CPA evolution?  US CPA is undergoing revolutionary changes. The syllabus for the US CPA exam has changed.

 

US CPA New Exam Model and Licensure

The US CPA licensure and US CPA exam model is a new ‘core+discipline’ model. The core model includes accounting, auditing, and tax. All candidates will have to complete these three core papers. Each candidate can choose a discipline section to showcase their skills and knowledge. This does not mean the practice area of a US CPA is limited to the chosen discipline.

 

The syllabus for US CPA 2023 is:

 

1. FAR: Financial Accounting and Reporting

2. AUD: Auditing and Attestation

3. REG: Regulation

4. BEC: Business Environment and Concepts

 

From January 2024 on, you won’t be able to write BEC. Instead, you’ll be writing the new exam model, the ‘core+discipline’ model.

 

The new syllabus for US CPA 2024 is:

1. FAR: Financial Accounting and Reporting

2. AUD: Auditing and Attestation

3. REG: Regulation

4. There are three disciplines:   (a) Business Analysis Reporting (BAR), (b) Information Systems and Controls (ISC), and (c) Tax Compliance and Planning (TCP)

 

US CPA candidates are required to write three core papers and one discipline. That means US CPA candidates will be writing FAR, AUD, and REG for sure; those are the core papers. And candidates can choose one discipline from the three options. 

 

That means a student will be writing the exam like this:
 

OPTIONS and	SUBJECT
Option A	FAR: Financial Accounting and Reporting AUD: Auditing and Attestation REG: Regulation Discipline 1: Business Analysis Reporting (BAR)
Option B	FAR: Financial Accounting and Reporting AUD: Auditing and Attestation REG: Regulation Discipline 2: Information Systems and Controls (ISC)
Option c	FAR: Financial Accounting and Reporting AUD: Auditing and Attestation REG: Regulation Discipline 3: Tax Compliance and Planning (TCP)

 

 PC: NASBA
 

So, who can write this Business Environment and Concepts (BEC) paper?

 

The applicants who have signed up and will take the test by December 2023 can write the Business Environment and Concepts (BEC) paper.

 

Who will write the new exam model for US CPA?

 

1. The candidates who are planning to pursue US CPA in January 2024 will have to go with the new syllabus.

2. In the case of an already-pursuing US CPA candidate (may it never happen!) who couldn't clear the BEC paper by December 2023, know that you’ll be studying the new syllabus and writing the exam in the new model.

 

If you are already a US CPA candidate, then read the rest. And for those of you who read this blog to be a US CPA, keep chasing your dreams and contact us to help you do the same!

 

"I’m already a US CPA candidate, and I’m worried about BEC!"

 

We can suggest some tips for you!

 

1. Plan, Revision, and Practice:

• Plan your portions to cover in hours.

• Don’t forget to revise.

• Practice as many questions as possible.

2. Our Rapid Revision:

           If you are struggling to revise on your own, we got you! 

Sign up for our exclusive 20-hour rapid revision session. The classes will be in English. Our classes are taken by CPAs themselves. 

Just fill this form: https://forms.gle/yXMWforDp9SDPYEQ8  and we will help you!