CPA (ABC) study plan

Map the AUD and FAR blueprint areas and weight each into a per-week time budget

Build a formula sheet for FAR topics (inventory, depreciation, leases, revenue) and solve 20 computational items from memory

Draft a one-page audit-opinion decision tree covering the five opinion types and the conditions that trigger each

Define the study cycle (read, drill, error log, spaced review) and set up an error log with tagged miss reasons

Apply the audit risk model to fact patterns and identify which risk component a scenario changes

Classify audit evidence by relevance and reliability and justify sufficiency for a given assertion

Prepare adjusting journal entries for accruals, deferrals, and error corrections

Reconcile a bank statement and convert cash-basis results to accrual-basis income

Trace the revenue cycle from occurrence through cutoff and design one test of controls and one substantive test per assertion

Compute and interpret the key ratios (current, quick, inventory turnover, gross margin) and explain the audit implication of each movement

Distinguish operating from finance lease accounting and compute the ROU asset and lease liability

Explain the audit report modifications for scope limits, going concern, and other-matter paragraphs

Complete a timed 40-question mixed AUD/FAR set under exam pacing and log every miss by cause

Restate the audit sampling concepts (attribute vs. variables, tolerable rate, projected misstatement) without notes

Record the differences among subsequent events, contingencies, and going-concern evaluations and the required auditor response

Re-drill every item missed in weeks 1-3 until each is answered correctly twice

Build a tax-basis-to-book-income reconciliation and classify each difference as permanent or temporary

Compute deferred tax assets and liabilities and apply the valuation allowance judgment

Distinguish entity types (sole proprietor, partnership, S corp, C corp) by formation, taxation, and basis rules

Compute partner/shareholder basis after contributions, distributions, and separately stated items

Analyze a set of financial statements using horizontal, vertical, and cash-flow ratio techniques and write a three-sentence conclusion

Compute earnings per share (basic and diluted) and explain the dilutive vs. antidilutive test

Apply the circular 230 and preparer penalty standards to fact patterns on advice, reliance, and documentation

Identify the elements of an IRS audit and the taxpayer's appeal rights at each stage

Reconcile governmental fund statements to government-wide statements and explain the adjustment categories

Compute the major components of a not-for-profit statement of activities and functional expense allocation

Apply property transactions rules: basis, realized vs. recognized gain, and character of gain

Resolve wash-sale and capital-loss limitation fact patterns correctly

Sit two full-length timed practice exams and record per-domain accuracy against target

Re-drill the 25 highest-frequency misses across all domains from the error log

Memorize and self-test the final cheat sheets for each domain (formulas, standards, thresholds)

Write the test-day routine: order of sections, time checkpoints, and a flag-and-return rule