1.1 CPA Evolution Core Structure & 75-Point Passing Benchmark
Master the structure of the AICPA CPA Evolution exam: testlet formats, multi-stage adaptive testing, task-based simulations (TBS), and psychometric scaled scoring.
Key Blueprint Takeaways
- Passing score is 75 on a 0-99 psychometric scale; it is NOT a raw percentage correct.
- Each core section combines multiple-choice testlets (50%) and Task-Based Simulations (50%).
- Candidates must pass all 3 Core sections and 1 Discipline within the rolling 30-month window.
The Uniform CPA Examination, governed by the AICPA and NASBA, transitioned under the CPA Evolution initiative into a Core + Discipline model.
All CPA candidates must pass the three foundational Core sections: Financial Accounting and Reporting (FAR), Auditing and Attestation (AUD), and Taxation and Regulation (REG). Each Core exam tests candidates over 4 hours at Prometric test centers.
A software engineering firm enters into a $1,200,000 contract to deliver customized enterprise software over 12 months, with a $300,000 performance bonus if implementation finishes within 9 months. Management estimates a 75% likelihood of completing within 9 months and a 25% likelihood of completing in 10 months. Under FASB ASC 606, how should the variable consideration constraint be applied when determining the transaction price?