Given the explosion and popularity of Big Data, data analytics has expanded beyond IT to become an extremely important topic in the field of accounting.
You’ve no doubt wondered – or even worried – about what data analytics mean for the industry and for the CPA Exam. We have great news for you. While the AICPA blueprints were clarified to more fully articulate data analytics in both the AUD and BEC sections of the test, these clarifications do not mean a large shift in how these concepts are being tested.
To be sure you feel fully prepared, the upcoming release of Wiley CPAexcel will feature new and revised lessons in both BEC and AUD on data analytics, big data, and data visualization.
We’re providing a free, sneak peek into what’s coming with two complimentary video lessons from Wiley CPAexcel professors Don Tidrick and Dan Stone below. Best wishes as you prepare for these areas of the exam!
Video 1: What You Need to Know in BEC Presented by Prof. Dan Stone
Video 2: What You Need to Know in AUD Presented by Prof. Don Tidrick
What Is Data Analytics? How Is It Tested on the CPA Exam?
Accountants use data analytic outputs to assess business performance within the framework of GAAP as well as to identify trends and unusual items for deeper examination. The AICPA’s recently updated Blueprints detail the additions to the AUD and BEC sections of the CPA Exam. Essentially, you are expected to interpret the results of data analytic outputs, including reports and visualizations.
However, please know that the actual scope and nature of the CPA exam—the content being tested—is not changing. The data analytics additions are to help you further examine the concept already within the AICPA curriculum.
Get the Latest Study Materials
The next edition of Wiley CPAexcel will be released in late May 2019 with all new and revised lessons on data analytics, big data, and data visualization. We’re also adding newly released AICPA questions and task-based simulations, as well as providing even more guidance to help you master the material. Stay tuned for the announcement and follow our product availability schedule for all the details.
There’s no reason to wait to start studying. As a Wiley CPAexcel course student, you will always have access to the most up-to-date study materials that are tested on the CPA Exam. All course students enjoy 100% free online updates and repeats until after you pass the CPA Exam. No exceptions. No fine print. Your initial cost is your total cost.
Get started with our popular Wiley CPAexcel Platinum Review Course now.