AICPA 시험 과목별 주요 내용 (시험범위 및 비중) - Business Environment and Concepts (BEC)

AICPA 시험 과목별 주요 내용 (시험범위 및 비중) - Business Environment and Concepts (BEC)

Business Environment and Concepts (BEC)

Corporate Governance: 17-27%

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• Knowledge of the purposes and objectives of internal control frameworks and enterprise risk management frameworks
• Identifying the components and principles of internal control frameworks and enterprise risk management frameworks
• Identifying key corporate governance provisions of the Sarbanes-Oxley Act of 2002

Economic Concepts and Analysis: 17-27%

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• Knowledge of economic concepts and analysis that would demonstrate an understanding of the impact of business cycles on an entity’s industry or business operation
• Determining market influences on the business environment, such as globalization
• Determining business reasons for and the underlying economic substance of transactions and their accounting implications
• Understanding financial risks and the methods for mitigating the impact of these risks

Financial Management: 11-21%

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• Assessing the factors influencing a company’s capital structure, such as risk, leverage, costs of capital, growth rate, profitability, asset structure, and loan covenants
• Calculating metrics associated with the components of working capital, such as current ratio, quick ratio, cash conversion cycle, turnover ratios
• Determining the impact of business decisions on working capital
• Understanding commonly used financial valuation and decision models and applying that knowledge to assess assumptions, calculate the value of assets, and compare investment alternatives

Information Technology: 15-25%

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• Understanding the governance of the information technology operations of a business
• Identifying information systems that are used to process and accumulate data as well as provide monitoring and financial reporting information
• Determining whether there is appropriate segregation of duties, authorization levels, and data security in an organization to maintain the appropriate internal control structure
• Identifying business and operational risks inherent in an entity’s disaster recovery/business continuity plan

Operations Management: 15-25%

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• Understanding business operations and use of quality control initiatives and performance measures to improve operations
• Application of cost accounting concepts and use of variance analysis techniques
• Utilizing budgeting and forecasting techniques to monitor progress and enhance accountability