PCPA study plan

Build a one-page map linking each core financial statement to its elements, measurement basis, and articulation with the others

Apply the five-step revenue recognition model to three multi-element contract scenarios and record the journal entries

Compute cost of goods sold and ending inventory under FIFO, LIFO, and weighted-average for a single transaction dataset and reconcile the difference

Prepare adjusting entries for accruals, deferrals, and estimates, then trace their effect on the income statement and balance sheet

Calculate bond issue price, amortization, and interest expense under both the effective-interest and straight-line methods

Classify leases as operating or finance under current lessee and lessor guidance and compute the related assets and liabilities

Compute basic and diluted earnings per share including the treasury-stock and if-converted effects

Distinguish permanent from temporary differences and compute deferred tax assets and liabilities

Prepare an indirect-method operating cash flow section from a comparative balance sheet and income statement

Differentiate the engagement types (audit, review, compilation, agreed-upon procedures) by assurance level, report language, and independence requirement

Map the risk assessment process from understanding the entity through identifying significant risks and designing responses

Select the appropriate audit procedure type for five assertion-level risk scenarios and justify each choice

Document the components of internal control and identify control deficiencies as deficiencies, significant deficiencies, or material weaknesses

Compute sample sizes and evaluate misstatement projections for attribute and variables sampling

Distinguish the opinion types and the conditions that require each modification, including going-concern and emphasis-of-matter language

Apply professional skepticism and due care standards to three short independence and conflict-of-interest scenarios

Compare attestation and assurance engagements on subject matter, criteria, and reporting form

Compute individual taxable income including gross income inclusions and exclusions, above-the-line deductions, and standard versus itemized comparisons

Reconcile book income to taxable income for a pass-through and a C corporation, applying basis and distribution rules

Distinguish filing status, due dates, penalty provisions, and estimated payment requirements for common entity types

Identify the regulatory compliance and reporting obligations that attach to payroll, sales tax, and information returns

Compute key financial ratios across liquidity, solvency, profitability, and activity, and interpret the direction of change

Calculate cost of capital, net present value, internal rate of return, and payback for three capital budgeting scenarios

Apply supply, demand, elasticity, and market structure concepts to predict price and output effects of a given shock

Distinguish the phases of the business cycle and the effects of monetary and fiscal policy on interest rates and aggregate demand

Apply the professional code of conduct to five ethics scenarios and state the required course of action with the governing principle cited

Distinguish the responsibilities of management, those charged with governance, and the auditor in a corporate governance structure

Re-solve every missed item from weeks 1 through 6 without notes and re-record any item missed twice

Draft a one-paragraph summary of each of the five domains stating what it tests and your remaining weak points

Complete two full-length mixed practice exams under timed conditions with a self-imposed clock

Analyze every incorrect answer to root cause and classify it as knowledge gap, misread, or time pressure

Re-drill the ten weakest topics from your week 7 list until each is answered correctly twice in a row

Finalize a one-page exam-day plan covering pacing per section, question triage rules, and flag-and-return strategy