Part One:

 

This week, we'll be taking a look at ten common mistakes first-year CPAs make and how to avoid them. Since ten points would make for a fairly long blog, we're dividing them up into a two-part series. Remember, you are expected to make mistakes in your first year. However, these are ten mistakes that can easily be avoided and earn you a good reputation among clients. Here's a look at the first five mistakes veteran CPAs say freshmen CPAs make.

 

1.Not…

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I have had several people ask me what I think the most thing was to passing the CPA Exam.

The utmost important thing you can do is practice the Multiple Choice Questions (MC) and the Task Based Simulations (TBS).  

I used Roger CPA review and he stressed doing the MC and TBS at least 2 to 3 times.  I agree and cannot stress that enough.

When practicing the questions, make sure to read all the answers, even the incorrect ones.  When you KNOW the reason each is wrong as…

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I thought time flew when I was studying.  I was wrong, it is going faster now.  It has been 10 days since my last blog, and I thought it was just yesterday.

When I was studying, I followed Roger CPA Review's study planner with a few modifications.  I kept track of time and had to schedule time off from studying if I wanted down time. Now that I don't have to study and not keeping a schedule, time seems to be flying by.  

While studying, I said "I'll do it after I pass the CPA…

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I can't believe that I passed all 4 sections of the CPA Exam.  I am still in shock.  I received my scores over a week ago, and I still feel amazed that this journey is over.

I actually cried with pure JOY when I saw the scores and realized I don't have to study anymore. I enjoyed watching Roger sing TT, BPO, 75 or 90 but he can't compete with my son asking me to play with him, and being able to (Sorry Roger).

I now have to research what else is…

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Lets Talk CPA Exam                

6/13/2013 8:00pm Eastern Time Will you be ready for the changes coming to the Auditing exam, effective July 1, 2013??  Phil's guest for this show will be Gary Bulmash, Yaeger CPA Review Auditing instructor and full time professor at the Univesity of Maryland.

You shouldn't even think about going in to take your Auditing exam until you listen to what Gary has to say.  During this one hour podcast, Gary will go over all of the…

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Lets Talk CPA Exam                

6/13/2013 8:00pm Eastern Time Will you be ready for the changes coming to the Auditing exam, effective July 1, 2013??  Phil's guest for this show will be Gary Bulmash, Yaeger CPA Review Auditing instructor and full time professor at the University of Maryland.

You shouldn't even think about going in to take your Auditing exam until you listen to what Gary has to say.  During this one hour podcast, Gary will go over all of the…

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If you have been following me you know I am big on trying to stay on schedule.

      Meaning you need to:

      + Develop a plan

      + Plan your schedule

      + Stick to your…

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Price elasticity of demand is a concept that is tested on the Business Environment and Concepts (BEC) exam and it's one that can be rather tricky. The price elasticity of demand is the measure of how sensitive demand is to a change in price. Like many of the concepts on the BEC CPA exam, it is important to know the formula and how to interpret the results. Let's go ahead and look at the two formulas that you may use to calculate price elasticity of demand.
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Remember Pavlov’s dog? Ivan Pavlov, a Russian physiologist who studied classical conditioning, trained a dog to salivate when hearing the sound of a bell. This response came after repeatedly giving the dog food immediately after ringing a bell.

The point I’d like to make today is that we often operate the same way. Certain activities elicit certain responses if we train ourselves…

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This past Friday, July 16^th, I had the pleasure of meeting

with the AICPA, NASBA and Prometric in Tokyo to discuss offering the US

CPA Exam in Japan. The three organizations, NASBA, AICPA, and

Prometric, will be finalizing contracts in the coming weeks that will

detail the organization's plans to offer the US CPA Exam in four

Prometric testing centers throughout Japan. These testing centers will

be located in Tokyo (two locations), Osaka, and Yokohama… Continue