CPA is a very coveted license that gives you the right to pursue a career as a Certified Public Accountant in the USA. The CPA license is backed by legislation passed by all of the 50 states in the US and also the district of Columbia, Guam, Puerto Rico, The U.S. Virgin Islands and the Northern Mariana Islands. As per law, only CPAs can perform certain important tasks like auditing and certifying the accounts of public entities. So let us discuss how to become a CPA and the things you can do to increase your chances of passing the uniform CPA examination.
How To Become A CPA
Becoming a CPA is not a very easy task as it requires you to pass the Uniform Certified Public Accountant Examination, which is arguably one of the toughest examinations in finance. However passing it is certainly possible if you are smart, diligent and hard working.
To become a CPA, you will have to make a lot of sacrifices and dedication from your side. In this guide, I am not trying to give you some magic formula for passing CPA but will talk about how to become a CPA quickly. Unfortunately, these are the things that many students miss out, and that causes them to perform poorly in the CPA examinations.
1. Gather all the information about the course
Becoming completely aware of how to get a CPA license in your state of residence is the first thing that you need to do once you decide to become a CPA. Find out about the eligibility for the examinations, the papers that are contained in the CPA examination and the passing requirements. Getting all this information will help you in understanding how to become a cpa and in preparing a strategic plan for the exams. Do this as soon as possible and definitely do not delay it for a later date.
2. Find a study partner
If you want to quickly pass the CPA examinations, you will have to dedicate most of your waking hours into studying. Naturally, this will not leave much time in your hand to socialize and your friends may even call you unsocial or distract you at times. You have to be resolute so that you do not waste your time in socializing for partying during the nights or in the weekends which is the prime time for studying.
This can sometimes make you feel lonely. The best solution to this problem is to find out another person who is studying to become a CPA. This person should be serious and have the determination to pass the CPA exams. His dedication will help you to stay motivated and you can even to joint studies if possible. However be careful about the partner whom you choose. If you choose a casual or lethargic one, then the person will have a lot of negative effect on you and your dream of becoming a CFA will never become reality.
3. Get practical experience
If possible start doing an audit or accounting internship while studying for the CPA exam. This is a great step that you can take for becoming a CPA. This internship will allow you to practically apply the concept that you will be learning in the CPA course, which will make the concepts much clear to you, and give you great advantage over the other candidates.
4. Go really really deep into the concepts
Superficial studies are not going to help you much in the CPA exams. The biggest advice that I can give you on how to get a CPA license is to go deep into the concepts that you will be learning and anticipate the type of questions that can be asked to you by the examiners.
The task is difficult, but this is what separates the winners from the losers. When you go really deep into the concepts that are covered in the CPA course then you will be in a better position to anticipate the type of questions (both straight forward as well as tricky) that can be asked to you by the examiners. Naturally this he is going to give you and edge over the others you are competing with you for becoming a CPA.
5. Revise hard
After you complete going to the topics, you will have to revise at least twice. Along with this, you will have to practice answering questions. Some questions are given at the end of every chapter in the study materials. Do not skip those. Apart from this get a question bank which will have a lot of samples as well as actual CPA exam questions. Diligently answer those to get an idea about how well prepared you are. It will also allow you to identify your weak areas. You can revise those areas to strengthen your preparedness.
I hope this have given you some idea about the best practices regarding how to become CPA. Prepare well and appear again the next session, so that your dream of becoming a CPA becomes a reality soon.