In addition to the actual exam fees along with Nasba registration fees and other fees incurred in signing up to write the exams, there are other costs that we fail to include in our estimates when planning to take the CPA Exams. One of major costs often omitted or underestimated, is the cost of time required to sit for the exams. I have seen many candidates who are initially eager to write the exams, failed to adequately account for this cost. So how can a candidate account for the cost of time?
According to the Becker study materials, each section requires between 250 - 300 hours of study. I had subscribed to this notion and spend approximately 30 hours per week for 8 to 10 weeks in preparation for each section and surprise, surprise, it worked.
Time constraints is the enemy, if you are in a hectic work environment, with long days, or if you have a lot of other responsibilities, including a family with kids, then your chances of completing the exams will be small. I have a few friends that are currently working for the Big 4 and while their experience is invaluable, they have no time to study for the exams, a necessity for promotion. Talking about being between a rock and a hard.
So good luck and don't forget to count the cost before attempting the exams!