Each year thousands of members of the accounting world converge to testing centers all the United States to put their years of skills and vast knowledge of accounting to the test. All of there examinees are seeking one of the most coveted title in the entire financial world, that of Certified Public Accountant, or CPA. The Unified Certified Public Accountants exam is given to the majority of individuals who wish to become CPAs in this country. Since its inception the CPA exam remained unchanged for years, it was about a nineteen and a half hour examination administered during a three-day endeavor that stretched ones comprehension of accountancy to the limit. The exam was made up of four main topics tested in five settings Accounting Practice (Part 1&2) Auditing, Accounting Theory, and Business Law. Even though Accounting Practice 1 &2 were given at different settings they were graded as one complete subject not individually. The test was only given on the first consecutive Wednesday, Thursday, and Friday in November and May of the year. None of the examinees were allowed to bring in any type of calculation device, only pencil and paper were allowed.
The first major change came about in 1992; the CPA exam was constrained into a four- segment two day exam. The topics were rearranged and surplus substance was eliminated from the exam among the obsolete were Accounting Theory and Accounting Practices 1&2. These two sections were replaced by two new sections Accounting & Reporting which deals with (Taxation, Managerial, and Governmental and Not-for-Profit Organizations), and Financial Accounting and Reporting which deals with (Business Enterprises). The questions on the exam were mainly to assess the potential CPA candidate’s ability to shield the pub ...