Professional Certifications Practice Tests

Topics

• Advanced Generalist Examination

  • Human Development, Diversity, and Behavior in the Environment

    • Models of human growth and development through the lifespan

    • Models of functioning of various systems

    • Effects of the environment on systems’ behavior

    • Diversity, discrimination, and stereotypes

  • Micro-Assessment and Planning

    • Use of assessment instruments and methods

    • Use of social history

    • Impact of life stressors on systems

    • Intervention planning

    • Assessment of strengths and challenges

    • Identification of common indicators of risks and disorders

  • Micro Practice and Social Work Relationships

    • Application of theories, methods, and processes to micro systems

    • Micro intervention techniques

• Language Structure and Use

  • Phonology and Morphology

  • Syntax and Semantics

  • Discourse

  • Pragmatics

• Additive-Language Development

  • Theories, Processes, and Stages of Language Acquisition

  • Theories, Models, and Processes of Second-Language Acquisition

  • Sociocultural and Political Factors Affecting Language Development

• Audit Reports

  • Audit Opinions

  • Professional Standards

  • Audit Engagements-Evidence

  • Audit Engagements-Auditors

• Quality Control, Engagement Acceptance, Planning, & Internal Control

  • The Audit Process - Documentation

  • The Audit Process - Setting Terms for the Engagement

  • The Audit Process - Planning

  • The Audit Process - Risk Assessment

  • The Audit Process - Quality Control

• Audit Risk Evidence

  • The Fraud Triangle

  • Fraud Incentives

  • Fraud vs Error

• Audit Sampling

  • IT Controls 

  • Materiality

  • Sampling 

• Cash Cycle, Revenue Cycle, and Expenditure Cycle

  • Revenue Cycle

  • Expenditure Cycle

  • Cash Cycle

• Performing Further Procedures

  • Inventory Cycle

  • Investment Cycle

  • Communication with Management

• Integrated Audits & Attestation Engagements

  • Types of Engagements - SSARS

  • Types of Engagements - SSAE

• Compliance, & Government Audits

  • Types of Engagements - Agreed Upon Procedures

  • Types of Engagements - Integrated Audits

  • Types of Engagements - Government Audits

• Accounting & Review Service Engagements & Interim Reviews

  • Preparation vs Compilation vs Review Engagements

  • Letters for Underwriters

• Ethics & Professional Responsibility

  • Ethics - AICPA

  • Ethics - SEC & PCAOB

  • Ethics - GAO and DOL

• Corporate Governance

  • COSO Framework

  • ERM Framework

  • Principle of Internal Control

• Financial Risk Management

  • Financial Ratios

  • Financial Risk Types

  • SOX (Sarbanes Oxley) 2002

• Financial Management Formulas

  • Weighted Average Cost of Capital Formula

  • CAPM Formula

  • Calculate Discounts on Accounts Payable

  • Discounted Cash Flow Formula

• Financial Management Process

  • Periodic vs Perpetual Inventory Systems

  • Supply Chain/Reorder Point

  • Return on Assets, Equity, & Investments

  • Cash Conversion Cycle

• Operations Management: Cost Accounting

  • Cost Accounting Variance Formulas

  • Job Costing

  • Activity Based Costing

  • Absorption Costing

• Operations Management: Performance Management

  • LIFO, FIFO, & Weighted Average Inventory Methods

  • Direct Costs, Indirect Costs, & Manufacturing Overhead

  • Variable vs Fixed Costs

• Operations Management: Budgeting

  • Budgeting

  • Make or Buy Analysis

  • Cost Volume Profit Analysis

  • Breakeven Formula

• Operations Management: Planning Techniques

  • Balance Scorecard and Benchmarking

  • Learning Curve

  • Risk Management

• Economic Markets

  • Supply and Demand

  • Market Equilibrium

  • Market Structure

• Economic Concepts & Analysis

  • Money, Banking Fiscal Policy

  • Consumer Price Index

  • Globalization

• Technology Process Management

  • Total Quality Management

  • IT Governance

  • Process Management

• Information Technology

  • Hot Sites/Cold Sites

  • Risk and Controls

  • Emerging Technologies

  • COBIT Model

• Financial Accounting and Reporting

  • Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements

  • Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures

• Regulation

  • Business Law

  • Federal Taxation of Property Transactions

  • Federal Taxation of Individuals

  • Federal Taxation of Entities

• Income Statements & Analysis

  • Other Comprehensive Income

  • Calculate Fluctuations & Ratios

  • Income Statement

• Financial Reporting Standards

  • Accounting Changes & Errors

  • Special Purpose Frameworks

  • IFRS vs. GAAP

  • Conceptual Framework

• Current Assets

  • Inventory Costing Methods

  • Receivables

  • Bank Reconciliations

  • Prepaid Expenses

• Expenses

  • Income Taxes

  • Accounting for Leases

  • Cost of Goods Sold

• Current Liabilities

  • Contingencies

  • Payables and Accrued Liabilities

• Revenue

  • Non-Monetary Exchanges

  • Revenue Recognition

  • Allowance Method for Doubtful Accounts

• Compensation and Accrued Payroll

  • Retirement Benefits

  • Stock Compensation

  • Accrued Payroll Expense

• Other Long Lived Assets

  • Software, R&D Costs

  • Asset Impairment

  • Intangible Assets

• Property, Plant and Equipment

  • Capitalizing Property, Plant, and Equipment

  • Asset Retirement Obligations

  • Depreciation and Amortization

• Debt and Equity Financing

  • Equity Transactions

  • Bonds Payable & Long-term Debt

  • Debt Covenant Obligations

• Business Combinations

  • Goodwill

  • Equity Method

  • Fair Value Method

  • Cost Method

• Business Combinations & Investments

  • Derivatives, Hedging, and Foreign Currency Transactions

  • Consolidated Financial Statements

• State and Local Governments

  • Government-Wide Financial Statements

  • CAFR (Fund) Accounting

  • Modified Accrual Basis of Accounting

  • Encumbrance Accounting

• Not for Profit Accounting

  • Statement of Financial Position

  • Statement of Activities

  • Nonreciprocal Transfers

• Business Law - Bankruptcy

  • Distribution of Assets Under Bankruptcy

  • Bankruptcy Relief for Business & Individuals

  • Surety Agreements

• Business Law - General

  • Contract Law

  • Federal Securities Regulations

  • Agency Relationships

• Individual Income Tax - Sources of Taxable Income

  • Flow-Through Income Items

  • Passive Income & Losses

  • Taxable Income Items

• Individual income Tax - Exemptions, Credits, & Deductions

  • Tax Exempt Income Items

  • Individual Adjustments & Deductions

  • Common Tax Credits

• Individual Tax Issues

  • Alternative Minimum Tax

  • Sale of Principal Residence

  • Dependents

  • Selecting a Filing Status

  • Taxable Income

• Taxation of Estates

  • Taxable Estate

  • Distributable Net Income

  • Taxable Income from Trusts & Estates

• Taxation of Gifts

  • Taxable Gifts

  • Basis of Assets Received by Gift or Inheritance

  • Holding Period

• Special Issues in Corporate Taxation

  • Liquidating & Non-Liquidating Distributions

  • Accumulated Earnings Tax

  • Personal Holding Company Tax

• Corporate Income Tax Deductions

  • Dividends Received Deductions

  • Charitable Contribution Deduction

  • Deductible & Non-Deductible Corporate Expenses

• Special Issues in Taxation of Organizations

  • Consolidated Tax Returns

  • Book/Tax Differences

  • Tax Exempt Organizations

• Taxation of Flow-Through Entities

  • Realized & Recognized Gains in Formation/Liquidation

  • Shareholder & Partnership Basis

  • Tax Treatment of Distributions to Partnerships & Shareholders

  • Eligibility Requirements for S Corps

• Taxation of Property Transactions

  • Stock Issuance in Exchange for Property & Services

  • Like Kind Exchanges

  • Involuntary Conversions

  • Cost Recovery (Depreciation, Depletion, & Amortization)

• English Language Skills

  • Knowledge of language structure

    • Knowledge of Sentence Structures

  • Knowledge of vocabulary application

    • Commonly confused words, misused words, and phrases

  • Knowledge of standard English conventions

    • Pronoun Referents

    • Comparative and superlative

    • Standard Spelling

    • Standard Punctuation and Capitalization

• Mathematics

  • Knowledge of number sense, concepts, and operations

  • Knowledge of geometry and measurement

  • Knowledge of algebraic thinking and the coordinate plane

  • Knowledge of probability, statistics, and data interpretation

• Number and Quantity

  • Ratios and Proportional Relationships

    • Understand ratio concepts and use ratio reasoning to solve problems

  • The Real Number System

    • Apply understanding of multiplication and division to divide fractions by fractions

• Algebra and Functions

  • Reasoning with Equations and Inequalities

    • How to reason and solve one-variable equations and inequalities

• Brief Statements

  • Craft, Structure, and Language Skills in Brief Statements

    • Determining authorial attitude toward the material

    • Distinguishing fact from opinion

    • Effect of word and phrase choice on tone or meaning

    • Identifying key transition words and phrases

  • Integration of knowledge and ideas in Brief Statements

    • Identifying logical gaps and inconsistencies in the text

• Long Passages (200-400 Words)

  • Craft, Structure, and Language Skills in Long Passages

    • Nuances of word meaning

  • Integration of knowledge and ideas in Long Passages

    • Evaluating relevance and sufficiency of evidence

  • Key Ideas and Details in Long Passages

    • Determining how a specific detail informs the argument

    • Relating key ideas to supporting details

    • Thesis

    • Tone

• Usage

  • Identifying Punctuation Errors

    • Identifying Other Punctuation Errors

      • Colons

      • Semicolons

  • Identifying Word Usage Errors

    • Identifying Adjective and Adverb errors

      • Other Adjective and Adverb Errors

    • Identifying Preposition Errors

    • Identifying Pronoun Errors

      • Ambiguity

      • Case

    • Verb Errors

      • Tense

      • Voice

• Sentence Correction

  • Correcting Agreement Errors

    • Noun-Noun

    • Pronoun-Antecedent

  • Correcting Phrase, Clause, and Sentence Errors

    • Correcting Conjunction Errors

      • Other Conjunction Errors

  • Correcting Punctuation Errors

    • Correcting Other Punctuation Errors

      • Apostrophes

• General Knowledge and Recognition

  • Reasoning with Dates

  • Simple number function recognition

  • Recognizing duplicate pairs of names or titles

  • Recognizing duplicate pairs of words

  • Vocabulary

• Verbal Logic

  • Logical conclusions given two true statements

  • Odd word out

  • Analogies

• Grammatical knowledge

  • Completing sentences

• Mathematical functions and reasoning

  • Algebra

  • Computation

  • Finding averages

  • Completing numerical sequences

  • Recognizing decimal places