BEC01 Videos and Testlets (BEC)

BEC01 Videos and Testlets (BEC)

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The Business Environment and Concepts (BEC) section of the Uniform CPA Examination (the Exam) tests knowledge and skills that a newly licensed CPA must demonstrate when performing:

  • Audit, attest, accounting and review services
  • Financial reporting
  • Tax preparation
  • Other professional responsibilities in their role as certified public accountants

The following table summarizes the content areas and the allocation of content tested in the BEC section of the Exam:

Business Environment and Concepts (BEC)

Content Area   Allocation
Area I Corporate Governance 17-27%
Area II Economic Concepts and Analysis 17-27%
Area III Financial Management 11-21%
Area IV Information Technology 15-25%
Area V Operations Management 15-25%

Business Environment and Concepts (BEC)

  1. Area I - Corporate Governance (17-27%)
    1. Internal control frameworks
    2. Enterprise risk management frameworks
    3. Other regulatory frameworks and provisions
  2. Area II - Economic Concepts and Analysis (17-27%)
    1. Economics and business cycles - measures and indicators
    2. Market influences on business
    3. Financial risk management
  3. Area III - Financial Management (11-21%)
    1. Capital structure
    2. Working capital
    3. Financial valuation methods and decision models
  4. Area IV - Information Technology (15-25%)
    1. Information technology (IT) governance
    2. Role of information technology in business
    3. Information security/availability
    4. Processing integrity (input/processing/output controls)
    5. System development and maintenance
  5. Area V - Operations Management (15-25%)
    1. Financial and Non-financial measures of performance management
    2. Cost accounting
    3. Process management
    4. Planning techniques

Each content area has a list of regulation topics which you must cover in order to be successful in the CPA Exam. Once you have registered in the course you will see a list of the online topics available for study (Use the Access Course Lessons tab above). Otherwise you can access the topics by clicking on the details tab above.