There are 11 common mistakes CPA exam candidates make that lead to failure, extra exam fees, added stress and anxiety. Retaking a section of the exam is going to cost you hundreds of dollars.
If you can avoid these mistakes, you put yourself ahead of the pack and put yourself in a great position to pass the exam.
Added by Rob @ Pederson CPA Review on September 8, 2013 at 4:30pm —
One question many CPA candidates tend to ask concerns what order to take the exams. The old adage was B.A.R.F. and not just because it makes a fun acronym. The idea was that a candidate would start with the “easiest” test first and work their way up. The general belief was that BEC was the easiest then AUD, REG and FAR. The… Continue
Added by Paul Black on May 25, 2017 at 10:30am —
Its 4:15 in the morning. You’re in your secret cave, mentally preparing to conquer the mission of successfully passing the CPA exam. Vigorously reviewing the op order (study material), while simultaneously taking notes. Deciphering the code is essential to the task at hand. Corpus, AMT, boot, NSTCG, LTCL, 1231, 1245 to name a few. Who can you call to guide you… Continue
Added by Nedra Cales on February 19, 2014 at 1:00pm —
Networking. Just the word itself is enough to make introverts everywhere cringe. However, introvert or otherwise, all CPA candidates need to learn this skill. Most, if not all, high level CPAs will advise that networking is essential to career advancement. Today's blog will serve as a guide to network… Continue
Added by John Pelicano on May 26, 2017 at 8:54am —
Once upon a time CPA Candidates had to sit for all 4 sections of the CPA Exam on the same day.
Luckily for you and I, that's no longer the case. Today the exam is structured so that candidates can decide how many sections they want to sit for in each quarterly 2-month testing window. One major caveat to this however is that Candidates must… Continue
Added by Vahe on April 2, 2014 at 9:00pm —
We’ve seen and heard so many of you vent about how stressed you are about the CPA Exam. We get it. It’s a scary test, and once you start the process, it seeps in to every part of your life. Stressing for an exam or an upcoming challenge in your life is okay! A… Continue
Added by Roger Philipp on March 6, 2014 at 11:30am —
As much as I hate stereotypes, I am writing a blog post for an accounting website. I am going to go out on a limb and make an assumption that my audience is type-A, loves making lists and organizing information (guilty, as charged!). As such, I am organizing some CPA exam study tips in a list form. These are tips that I wish I would’ve known when I first started… Continue
Added by Madison Pscheidl on May 29, 2014 at 7:30am —
I am a CPA. Not a lot of people can say the same and I’m so proud that I can. For me, getting my license proved to be one of the best decisions I’ve ever made. It’s really an investment in yourself to be a better professional and person altogether.
The opportunities are endless once you get that special designation after your name. It hasn’t been too long since I’ve gotten it and I’ve already received multiple offers from both private and public accounting… Continue
Added by Erica Supat on December 12, 2014 at 10:30am —
Hello CPA Club,
I recently passed the FAR exam with a 78%! Whoooo! But it was not all fun and games getting there. The first time I took the exam I ended up failing with a 73! I know it sucks but it felt good being so close (I'll explain why later). In this post I'll discuss my thought process in getting through the FAR exam. My Method may not be the perfect way to pass but I did end up passing so something worked.
To start with, I used Becker's software and… Continue
Added by Garrick Bradley II on May 7, 2015 at 12:00pm —
The questions on the CPA exam are notoriously tricky. They require you to pay attention to each and every word of the question and answer. This demands your complete focus and it can be hard with all the anxiety and fatigue that comes with exam day. A typical "trick" question they will ask… Continue
Added by Rob @ Pederson CPA Review on June 17, 2014 at 1:30pm —
Have you ever been part of a study group? Have you ever asked your professor questions during class or during office hours? How about explaining your understanding of a topic to another student?
If so, then you know all the grade-improving goodness that happens… Continue
Added by Rob @ Pederson CPA Review on June 3, 2014 at 7:00am —
To save money or just out of convenience, many CPA exam candidates use older review materials or college textbooks to study for the exam. This is a mistake for three reasons.
First, accounting pronouncements, auditing standards, and IRS regulations change frequently. New standards can be tested six months after their effective date or, if… Continue
Added by Rob @ Pederson CPA Review on February 19, 2014 at 8:30am —
We all like to spend time at things we are good at. We all like the positive reinforcement that comes with doing something well. When studying on our own, the tendency is to get that positive reinforcement by working more on the areas we know well to get those impressive 90% scores and big green bars on certain topics.
Added by Rob @ Pederson CPA Review on November 27, 2013 at 12:00pm —
If you are driven to pass the CPA exam, you are likely to be highly motivated. You expect success and hold yourself to a high standard. This can be a double-edged sword.
One of the mistakes highly motivated people make is pushing themselves too hard in studying for the exam. To pass all 4 parts of the exam, most people will study upwards of 300 hours. A… Continue
Added by Rob @ Pederson CPA Review on November 13, 2013 at 2:30pm —
Passing the CPA exam is hard and time consuming. No newsflash there. You all know that.
But, many of the candidates I talk to try to explain to their family and friends how hard the exam is and how time consuming it is. As much as they might want to understand, most people who are not… Continue
Added by Rob @ Pederson CPA Review on October 21, 2013 at 12:30pm —
My name is Dave. I finished my Bachelor's degree in Accounting two weeks ago, and I plan to start my MS in Accounting in August. In the mean time, I hope to take and complete the CPA exam. This is my story. :)
I have been reading up on CPA exam review courses to see what would suit me best. I will have about 7 months total, so I want to do this right the first time! After getting sticker shock from what my friend paid for Becker, I couldn't help…
Added by Dave on December 30, 2011 at 9:30am —
I'd like to wish all of you the best for a Happy New Year!
The CPA Exam is a big step for many of us in our professional careers, and as such it can be a highly stressful (albeit very rewarding!) process. If you are struggling with a section, know that thousands of other aspiring CPAs are going through the same process with you each year, and there is a community here… Continue
Added by Dave on January 1, 2012 at 12:00pm —
One of the biggest factors to standardized testing that most seem to overlook is the simple fact that these standardized exams are, in fact, standardized. That is, the exam is nationally or globally administered; it is the same across the whole country, or sometimes, across the whole world. Given this fact, you should consider that all of the major review packages for said exam will cover essentially the same material. Some may cover… Continue
Added by Dave on January 3, 2012 at 4:00pm —
Wow, has it been a month since my last post already?! Time sure has flown... I better start my 2012 Christmas list soon! ;)
So as the title indicates, I expect to break the 100-hour studying mark for FAR tonight. My FAR exam is officially scheduled for Monday, Feb 27th at 9:00AM (wish me luck!). I have mostly stuck to the studying plan outlined in previous posts, with some very minor variations. I began my studies on Saturday, January 7th, so it has been exactly… Continue
Added by Dave on February 7, 2012 at 2:00pm —
I just took my first full length Wiley Practice Exam for FAR. My exam is on the 27th, so I felt it would be valuable to take a full length exam for timing purposes and to get a general idea of what kind of score I was looking at with my current preparation.
I scored an 80 overall, with 72/90 MCQ and 5/7 Sims. Full score reports here...
Added by Dave on February 19, 2012 at 11:50am —