Financial Accounting and Reporting (FAR):
FAR covers various aspects of the financial reporting practiced in the modern day business enterprises, or government entities. Here you will learn about the content which will help you to acquire proper judgments in the application of principles in accounting. Here you will also get to know how to compile, evaluate and analyse financial statements, and identification of various financial and reporting methods.
Auditing and Attestation (AUD):
AUD tests the examinee’s ability to handle professional tasks of certified public accountant and how they would apply it in real-life scenarios. It covers the basic principles of auditing and designing of audit plans and also enables you to learn and prepare audit reports with ease. It also includes understanding risk assessment
Regulation(US Tax/Law) (REG):
REG is the combination of federal taxation and business law. This section comprises of basic understanding of business ethics.It covers tax concepts related to personal, partnership and corporate with the capability to understand legal responsibilities. It also includes tax implication and its uses in business entities
Business Environment and Concepts (BEC):
The BEC section will help you to move one step further in business knowledge and help them apply the knowledge in real-world scenarios. It covers business environment in general, and its core concepts. It also involves laying a foundation for accounting and also helps in testing to determine different business strategies using their knowledge in strategic planning and market risks.