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The Business Environment & Concepts section tests knowledge of general business envoronment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of transactions, and the skills needed to apply that knowledge in performing financial statment audit and attestation engagments and other functions normally performed by CPA's that affect the public interest. Content covered in this section includes:
- Business structure
- Economic concepts essential to obtaining and understanding of an entity's business and industry
- Financial Management
- Information Technology implications in the business environment
- Planning and Measurement
Lambers CPA Review offers 4 ways to prepare for the Business Environment & Concepts section:
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