Chapter 7 – Contracts and Agency

We hope your studies are going well. As we have mentioned throughout the BOOST program, you should be in a good rhythm with the BOOST outlines/videos and completing the multiple choice and simulations. You are probably overwhelmed by the quantity of information (because it is natural to feel that way) but, as we have said before, you must take this step-by-step!

Related to retaining the material, we hope around the end of your studies for Chapter 6 of BOOST, you took a practice test on the previous material to provide you feedback regarding how well you understand this material and are retaining it (remember, if you are not retaining it, you need to consider changing your study plan).

Now to Chapter 7. We are beginning our discussion of business law which, according to the AICPA Uniform CPA Examination Blueprints, accounts for 15% to 25% of the REG section. Similar to the point we made in Chapter 6 of BOOST, please do not significantly downplay the importance of the business law topics. Although these topics are easier than the material in Chapters 1 to 5, you will see a significant number of multiple choice on this material on your actual CPA exam. So, please take it seriously and understand/comprehend these important concepts.

As we keep saying, please don't rush through this material and take your time to understand it. Remember, an additional week of studying (if needed) will be well worth it if the additional time is the difference between passing and failing the regulation section of the CPA exam!

Also, when you are close to completing Chapter 7 of BOOST, you should take a practice test (with only multiple choice) for the content noted on page one of the document with content comparison of BOOST and Becker. This practice test will help you determine how much of the information you have retained and how well you have integrated the various topics. You should review your notes (which are a subsection of the BOOST outlines) periodically during the week to keep this information fresh in your mind. 

Good luck as you begin your studies of Chapter 7! Some of the page numbers in the videos are not the same as the page numbers in the BOOST textbook. Please use the page numbers in the BOOST textbook.

AFTER WATCHING EACH VIDEO BELOW, please complete the appropriate multiple choice and simulations related to each of these videos. Please refer to the document with content comparisons of BOOST and Becker to determine which multiple choice and simulations to complete.

Here are the four videos for Chapter 7 of BOOST: