USA Financial CPA and CFA Exam Pattern and Details

The tests in the US are good opportunities for a career in international accounting and finance. The courses like CPA and CFA are such course exams for accounting, auditing, investment banks, mutual funds, commercial banks, etc. Certified Public Accountant (CPA) is an exam administered by the American Institute of Certified Public Accountants (AICPA), the world's largest accounting body. Chartered Financial Analyst (CFA) is an exam administered by Association for Investment Management and Research (AIMR) for investment and financial professionals. These exams have international certifications and have more job potential. Candidates are advised to attempt practice mock tests to prepare well for these financial tests.

Eligibility  |  Exam Pattern  |  Syllabus   Tips, and Tricks  |  Take Free Mock Test  

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Candidates must possess any of the educational qualification for CPA:

  • Member of the Institute of Chartered Accountants of India.
  • Member of the Institute of Cost and Works Accountants in India.
  • Member of the Company Secretaries in India.
  • Master of Commerce
  • MBAs

Candidates must possess any of the following for CFA:

  • Have a bachelor's (or equivalent) degree
  • Be in the final year of your bachelor's degree program at the time of registration,
  • Have four years of qualified, professional work experience,
  • Have a combination of work and college experience that totals at least four years.

Exam Pattern

The pattern of CPA is as follows:

  • Auditing and Attestation (AUD)- 90 questions and 7 task-based simulations- 4 hours
  • Financial Accounting and Reporting (FAR)- 72 questions and 3 written communications tasks- 3 hours
  • Regulation (REG)- 90 questions and 7 task-based simulations- 4 hours
  • Business Environment Concepts (BEC)- 72 questions and 6 task-based simulations- 3 hours


The syllabus for CPA is as follows:

  • Auditing and Attestation (AUD),
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG),
  • Business Environment Concepts (BEC)

The syllabus for CFA is as follows:

  •    Investment Tools
    • Quantitative Methods
    • Economics
    • Financial Reporting and Analysis
    • Corporate Finance
  • Ethical and Professional  standards
  • Portfolio Management
  • Equity
  • Fixed Income
  • Derivatives
  • Alternative Investment

Tips and Tricks

  • Check through the syllabus carefully.
  • Prepare a study schedule and follow it sincerely.
  • Apply for the test very diligently without missing out on any important detail.
  • Practice previous years papers to know the pattern of questions that come in exam.


Youth4work Prep Tests

Online practice tests for competitive exams – are very unique and popular among aspirants. Aspirants can take self-designed mock-tests as well as practice for sections and topics separately. Youth4work’s unique and proprietary technology is helping lakhs of aspirants to reveal personal details on what are the strength areas of aspirants for any exam and also suggest how they can improve the performance.

Following are interesting insights from nearly 2 lakh question attempts on USA Financial Tests practice paper on Youth4work. Every aspirant is rated on a Rating Scale. The ratings of the aspirants change with every question attemp

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