CCA Study Guide 2026
Everything you need to pass the CCA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CCA Exam Format at a Glance
📚 CCA Topics to Study (38)
✍️ Sample CCA Questions & Answers
1. Which assertion addresses whether transactions are recorded in the correct accounting period?
The cutoff assertion ensures that transactions and events are recorded in the proper accounting period, preventing premature or delayed revenue and expense recognition.
2. Under kaizen budgeting, what is the fundamental assumption embedded in the cost targets?
Kaizen budgeting builds in expected efficiency gains, requiring managers to progressively reduce costs compared to prior periods.
3. A project has a positive NPV. What does this indicate?
A positive NPV means the present value of cash inflows exceeds the present value of outflows, indicating the project generates returns above the cost of capital.
4. Throughput accounting measures organizational performance primarily by focusing on:
Throughput accounting, based on the Theory of Constraints, prioritizes maximizing throughput (sales minus truly variable costs) over managing cost allocations.
5. Under the AICPA Code of Professional Conduct, which fundamental principle requires a CPA to be straightforward and honest in professional and business relationships?
The integrity principle requires CPAs to be straightforward and honest, avoiding subordination of professional judgment to client or employer pressure.
6. The DuPont analysis breaks return on equity (ROE) into which three components?
DuPont analysis decomposes ROE into net profit margin × asset turnover × equity multiplier (financial leverage).