Examinations for subjects of the CIPA program are developed in accordance with the EICPA approved curriculum.
All tasks of the exam are mandatory and designed to test the knowledge of candidates in all the key parts of the curriculum. Exams can contain tasks from any section of the curriculum.
The passing score for all CPA Eurasia program exams is 75%, except for the test on the subject "Management Information systems", in which you need to score 90%.
The duration of each exam – 4 hours, except for the exam on the subject of "Financial accounting 1", the duration of which – 5 hours, and the test on the subject of "Management Information systems", the duration of which is set in a special order.
All CPA Eurasia exams are held in the format of "closed book" (i.e. the use of educational literature, abstracts and reference materials is prohibited in the exams), except for the exam on the subject "Financial accounting 1", which is held in the format of "open book" and the test on the subject "Management information systems", which is held in a special order.
In preparation for the exams should be familiar with the appropriate curriculum.
Format of the examination tasks
Multiple choice questions (tests)
Financial accounting and reporting #1
The main task (80 points)
20 questions (20 points)
30 questions (60 points)
Legal regulation of business
Management accounting #1
25 questions (50 points)
Financial accounting and reporting #2
Management accounting #2
Financial management #1
Audit and expression of confidence #1
50 questions (50 points)
(1) The main task in the exam on the subject of "Financial accounting #1" is a situational task for the preparation of a statement of comprehensive income and a statement of financial position of a simple company, usually from the sphere of trade or services. The task will present the data of the initial Trial balance, as well as information on various business transactions (on different topics from the training program), which have not yet been taken into account or incorrectly taken into account by the company. The exam participant is required to make the necessary calculations and generate journal entries for unrecorded company operations, if necessary, make corrective entries, make these entries in the worksheet, combine the amount of transactions with the amounts from the initial Trial balance sheet and on the basis of these data make a statement of comprehensive income and statement of financial position.
(2) Situational assignments are small scenarios that present data on the company and various events (on different topics from the curriculum of the relevant subject). The exam participant is required to analyze the information and answer the questions, making appropriate calculations where necessary and arguing their conclusions.
(3) Multiple choice questions (quizzes) are theoretical questions or mini-scenarios (on different topics from the curriculum of the relevant subject) where the participant is required to find one correct answer to a question of the four answers provided. For many questions finding the answer will require calculations (except for the subjects of "Law" and "Audit").
(4) Examination tasks in the subjects of Taxation and Legal regulation of business (Legal business conduct) are based on the legislation of the country in which the examination is held.
Recommendations from CPA Eurasia program experts:
- Candidates should be able to control the time for each task and allocate it rationally.
- It is better to begin to solve the exam with test questions, although traditionally candidates allocate time to solve test questions on a residual basis. It is not necessary to provide detailed calculations for each test in the examination book - it is enough to mark the answer on a special page for answers to test questions. Knowing this rule will help to save time for this task.
- In large tasks, you must first see what is required at the very end of the text (or block), then it will be easier to understand the content and assess the complexity of the task.
- In the course of reading the text of the task, you must actively make notes, emphasize important information, and perhaps even make preliminary calculations. But it is necessary to remember that only the workbook for answers is evaluated, so all important preliminary calculations made in the examination module must be transferred to the workbook.
- If you can not immediately find the right approach to solving the problem or any of its questions, it is better to immediately switch to the next task to make the most efficient use of time. After solving all the tasks with which are easier to solve, it is necessary to return to the unsolved.
- There is no need to give extended narrative explanations of the calculations. This should be done only when directly required by the condition of the task.
- It is necessary to check periodically, whether all points of the task are solved, and for test questions – whether answers are correctly entered in the answers sheet.