Regulation Review – cpatp2030 (0 credits)

This course provides students with a comprehensive review of accounting principles and practices to help prepare them for taking the Regulation (REG) section of the Certified Public Accountant (CPA) Exam. Students learn about the ethics, professional and legal responsibilities under which CPAs must operate, and they discover how regulations affect everything from business formation, to contracts and sales. Students cover the relationships between debtors and creditors as well as principals and agents. They conclude this course with a review of taxes and how tax laws apply.

This non-credit course is 6 weeks. To enroll, speak with an Enrollment Representative.

Transactions in Property, Partnership Taxation, Corporate Taxation, and Other Taxation Topics

  • Identify how to conduct property transactions for sole proprietorships, partnerships and corporations.
  • Compare partnership classifications.

  • Explain corporate taxation and how it differs from individual taxation.

  • Identify types of miscellaneous taxes.

Sales, General Concepts of Commercial Paper, Secured Transactions, Bankruptcy, Debtor and Creditor Relationship

  • Define what a secured transaction is, how to perfect it, and its rights and priorities.

  • Define the three different types of bankruptcy.

  • Identify the three main parties in the debtor/creditor relationship and their rights and duties.
  • Explain how to form and perform a contract for the sale of goods.

  • Define the risk of loss and liability if something goes wrong with goods.

  • Define commercial paper and how it is used.

  • Describe the rights and obligations of the customers and the banks.

Agency, Property, Individual Taxation, Regulations of Business Employment, Environment, and Antitrust

  • Define what an agency is and how it is created.

  • Explain the obligations and rights of agents within an agency relationship.

  • Identify Federal Regulatory Acts.

  • Differentiate between real and personal property.

  • Identify types of deeds and how to execute them.

  • Explain how to calculate individual taxes.

Professional and Legal Responsibilities, Federal Securities Act, Business Structure, and Contracts

  • Identify the regulatory bodies that govern accounting.

  • Define the professional and legal responsibilities of accountants.

  • Define the three key Federal Securities Acts in accounting.

  • Compare the three types of business structures in accounting.
  • Describe the three types of contracts and their elements.

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