CPA Exam Simulation Guide

Understanding TBS Format

TBS present realistic work scenarios requiring you to apply accounting knowledge. They include exhibits (documents, spreadsheets, emails) that provide context.

• Document Review Simulations: Analyze financial statements, contracts, etc.
• Excerpt-based tasks: apply provided excerpts of source materials (FASB ASC, IRC, standards)
• Form Completion: Fill out tax forms, reconciliations, adjusting entries
• Written Communication: Draft memos or emails (limited in CPA Evolution)

TBS Attack Strategy

Approach each TBS systematically to maximize your score.

Working With Source-Material Excerpts

The old searchable "research question" is gone. The 2026 blueprints instead describe applied research using excerpts of source materials (FASB ASC, the Internal Revenue Code, or professional standards) that are provided inside the simulation. You read the excerpt and apply it to the scenario — there is no database to search.

• Skim the excerpt headings first so you know what guidance you were given
• Match the excerpt language to the question requirement before answering
• Expect excerpts drawn from FASB ASC, the IRC, and auditing standards, depending on your section
• Practice applying unfamiliar guidance quickly — that skill is exactly what these tasks test

Time Management for TBS

TBS take more time than MCQs. Budget your time carefully.

• Allocate 50-55% of your section time to TBS
• Quicker simulations: 12-15 minutes
• Complex simulations: 18-20 minutes
• Dont get stuck—move on and return if time allows
• Attempt every part of every TBS — partial credit adds up