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CPA Exam (core) flashcards

7 decks · 480 cards · built into Willys · free samples below

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Written against: AICPA CPA Exam Blueprints under CPA Evolution (2024 core: FAR, AUD, REG); no year-indexed tax figures. Updated 2026-10-10.

What's in it

Every deck follows the course outline, with tags you can study or suspend topic by topic. Open a deck to study its free sample right here.

Learn · 4 decks · 270 cards

Concepts, mechanisms and the questions a course or exam asks about them.

Framework, Revenue & Financial Statements Conceptual framework, statement presentation and cash flow classification, ASC 606 revenue, inventory, PP&E, intangibles and goodwill impairment, accounting changes and subsequent events for the FAR section of the CPA Exam. 10 free · 65 cards in the app Liabilities, Leases, Equity & Governmental Bonds, contingencies, ASC 842 leases, income taxes, pensions, equity and EPS, investments, consolidations, foreign currency, and governmental and not-for-profit reporting for the CPA Exam. Since 2024, lessor accounting, consolidations and much governmental accounting are tested in BAR. 10 free · 65 cards in the app Auditing & Attestation Independence and ethics, acceptance, the audit risk model and materiality, internal control, assertions, evidence and sampling, going concern, subsequent events, audit report types, SSARS engagements and SOC reports for the AUD section. 10 free · 70 cards in the app Federal Tax Concepts & Business Law Tax procedure and Circular 230, agency, contracts and UCC sales, secured transactions, suretyship and bankruptcy, securities law, basis, capital gains, like-kind exchanges, Section 121, and individual, C corp, S corp and partnership tax. 10 free · 70 cards in the app

Drills · 1 deck · 70 cards

Short answers and cloze blanks for the facts you simply have to know cold.

Cloze: Standards, Thresholds & Rules Cloze deletions across FAR, AUD and REG: ASC 606 steps, ASC 842 lease tests, audit risk, independence, opinion types, agency and UCC rules, secured transactions, and stable statutory figures. No year-indexed tax amounts. 8 free · 70 cards in the app

Practice · 2 decks · 140 questions

Multiple-choice practice questions, one best answer each, with the reasoning.

Practice Questions, FAR Multiple-choice practice questions, one best answer each, on revenue, statements, cash flows, assets, leases, bonds, income taxes, equity, EPS, consolidations, and governmental and NFP reporting. Since 2024, lessor accounting, consolidations and much governmental accounting are tested in BAR. 6 free · 70 questions in the app Practice Questions, AUD and REG Multiple-choice practice questions, one best answer each, on independence, audit risk, evidence, controls, reports, tax procedure, basis, gains, entities, agency, contracts and debtor-creditor law. 6 free · 70 questions in the app

Cloze decks have one or more blanks per sentence; the app makes one card per blank.

Study guide

Topics covered

The decks follow the order of the course outline. Numbers are cards per topic.

  • Conceptual Framework 10
  • Financial Statements 11
  • Cash Flows 12
  • Inventory 10
  • PP&E 11
  • Intangibles & Goodwill 9
  • Revenue Recognition 27
  • Accounting Changes 8
  • Subsequent Events 6
  • Governmental 11
  • Not-for-Profit 8
  • Investments 9
  • Bonds & Debt 10
  • Leases 20
  • Pensions 6
  • Stockholders' Equity 9
  • EPS 8
  • Contingencies 6
  • Income Taxes 10
  • Consolidations 9
  • Foreign Currency 5
  • Ethics & Independence 18
  • Engagement Acceptance 6
  • Audit Risk & Materiality 17
  • Internal Control 8
  • Assertions 9
  • Audit Evidence 8
  • Sampling 7
  • Specific Audit Areas 9
  • Going Concern & Related Parties 9
  • Representations & Subsequent Events 9
  • Audit Reports 19
  • Reviews & Compilations 9
  • Attestation & SOC Reports 3
  • Tax Procedures & Ethics 14
  • Agency 13
  • Contracts & UCC Sales 16
  • Secured Transactions 11
  • Suretyship & Bankruptcy 11
  • Securities Law 4
  • Business Structures 5
  • Basis of Property 10
  • Capital Gains & 1231 11
  • Like-Kind & Home Sales 14
  • Individual Taxation 8
  • C Corporations 7
  • S Corporations 3
  • Partnerships & LLCs 7

A study plan

  • 18 new cards a day covers everything in a month, leaving the last weeks for review.
  • 9 new cards a day covers everything in two months, leaving the last weeks for review.
  • 6 new cards a day covers everything in three months, leaving the last weeks for review.

Willys schedules reviews for you (FSRS spaced repetition), so the daily number above is only for new cards; reviews of what you have learned come back on their own. Study a topic's cards right after you meet it in class, suspend topics you have not reached yet, and use the app's quiz mode in the final two weeks.

How to get these decks

  1. Install Willys on your iPhone, iPad or Mac — App Store. 14-day free trial, then $14.99 a year.
  2. In Willys, tap Exam Library at the top of your Decks (or Browse Exam Library… under the + button), find the exam on its shelf or by search, tick it and tap Add.
  3. Study. The exam comes in as its own collapsible folder, every card scheduled by FSRS spaced repetition. Nothing you already have is changed.

Every deck is built into Willys

All 7 CPA Exam (core) decks (480 cards), with FSRS spaced repetition, quizzes and mock tests, on iPhone, iPad and Mac. 14-day free trial, then $14.99 a year.

Get the app

In Willys, tap Exam Library at the top of your Decks (or Browse Exam Library… under the + button), find the exam on its shelf or by search, tick it and tap Add.

About these cards

Review status: Second-reader reviewed, with corrections applied.

Checked against:

  • Checked against the AICPA CPA Exam FAR blueprint (topic list only; no text copied).
  • Checked against FASB Concepts Statement 8 and the ASC topic structure (Topics 205, 220, 230, 250, 330, 350, 360, 606, 855) for rules; reference only, no codification text copied.
  • Checked against the FASB ASC topic structure (Topics 260, 320, 321, 323, 450, 470, 505, 715, 740, 805, 810, 830, 842, 958) and GASB Statement 34 and 84 concepts; reference only, no standards text copied.
  • Checked against the AICPA CPA Exam AUD blueprint (topic list only; no text copied).
  • Checked against the structure of the AICPA Code of Professional Conduct, clarified SASs (AU-C), SSARS (AR-C) and SSAEs (AT-C), PCAOB AS 3101, SEC independence rules and the COSO 2013 framework; reference only, no standards text copied.
  • Checked against the AICPA CPA Exam REG blueprint (topic list only; no text copied).
  • Checked against the Internal Revenue Code and Treasury Circular 230 (U.S. government works, public domain), UCC Articles 2 and 9, the Bankruptcy Code, and the Securities Acts of 1933 and 1934; reference only. Year-indexed thresholds deliberately omitted.
  • Checked against the AICPA CPA Exam FAR, AUD and REG blueprints (topic lists only; no text copied) and the FASB ASC topic structure (Topics 606 and 842); reference only, no codification text copied.
  • Checked against the AICPA Code of Professional Conduct, clarified SASs (AU-C), SSARS, PCAOB AS 3101, SEC independence rules, the Internal Revenue Code (public domain), UCC Articles 2 and 9 and the Bankruptcy Code; reference only. Year-indexed thresholds deliberately omitted.
  • Checked against FASB Concepts Statement 8, the FASB ASC topic structure (Topics 205, 220, 230, 250, 260, 320, 321, 323, 330, 350, 360, 450, 470, 505, 606, 715, 740, 805, 810, 830, 842, 855, 958) and GASB Statement 34 and 84 concepts; reference only, no codification or standards text copied.
  • Original questions written for this deck; no AICPA released questions, textbook, review-course or question-bank items were copied. Not affiliated with or endorsed by the AICPA or NASBA.
  • Checked against the AICPA CPA Exam AUD and REG blueprints (topic lists only; no text copied).
  • Checked against the structure of the AICPA Code of Professional Conduct, clarified SASs (AU-C), SSARS (AR-C), PCAOB AS 3101, SEC independence rules and the COSO 2013 framework; reference only, no standards text copied.
  • Checked against the Internal Revenue Code and Treasury Circular 230 (U.S. government works, public domain), UCC Articles 2 and 9, and the Bankruptcy Code; reference only. Year-indexed thresholds deliberately omitted.

These are independent study notes written for Willys. They are not official exam material, may contain mistakes, and are no substitute for your course, your teacher or the exam owner's own publications. Found an error? Tell us — corrections ship as a new version of the deck.

Not financial, tax or legal advice. These cards prepare you for an exam; rules and figures change, so check current standards before relying on any of it.

The AICPA and NASBA are not affiliated with and do not endorse this product.

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