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More details on the introduction of International Financial Reporting Standards (IFRS) to the CPA Exam in 2011 have just been released! Keep in mind this is just a guideline on how the new content will most likely be introduced. These updates have been presented by the AICPA using language such as, "students may be asked" and "another possible topic will be" so the best approach to prepare yourself for these changes is to familiarize yourself with the topics listed below or enroll in a CPA review course that will provide you with updated materials. Due to the uncertainty of how the potential use of IFRS by U.S. Companies will affect U.S. taxes, no questions are currently scheduled for REG. However, IFRS is subject to be introduced to this section in the future.

We've listed the various topics that will most likely be tested in each section, click here to read more.

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Tags: 2011, CPA, Changes, Exam, IFRS


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Comment by Bacim on October 18, 2010 at 12:13pm
Actually I need help guys I have only one choice either to take BEC or FAR , some people recommend to take FAR to avoid the new standards , and some recommend to take BEC to avoid the Communications (I’m very bad in writing ), my question is that will the differences between IFRS and GAAP are very material ? which need time to adopt it? Because I’m planning to take BEC now to avoid communications in 2011
Comment by Fernando A. Fernandez on May 18, 2010 at 5:24am
There are many incentives for candidates to try to pass the CPA in 2010. While I personally think IFRS will be easier since it is more principle based, it will imply a lot of studying. The best way to pass is to formulate a robust and realistic study plan and to stick to it so at least you study 3 hours every day and complete all exercises. I started taking FAR and then AUD, REG and BEC, which was the easiest by far. I am still waiting for BEC's grade release.
Comment by Roger Philipp on May 10, 2010 at 4:40pm
Hi Michael. You will need some updated material if you sit at any point in 2011. Your current material will still be of use to you but you'll want to familiarize yourself with how the new content will be tested and the new format.
Comment by Michael Reese on May 10, 2010 at 11:24am
I plan on taking the FAR section the last period of this year...Do you think if I don't pass I will still be able to use the material for the next testing window, which will be the first one of 2011?
Comment by Roger Philipp on May 6, 2010 at 10:17am
Hi Antony. We are still awaiting the release of AICPAs final information on the formatting of simulations. We'll have a blog post in June/July when the information is released.
Comment by Mr.ANTONY KURUVILLA on May 6, 2010 at 3:38am
pl send me some questions icluding sim

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