CPA is one of the most coveted professions of the USA and every year thousands of students attempt to become a CPA by passing the Uniform CPA Examinations conducted by the American Institute Of Certified Public Accountants (AICPA). It is a prestigious and renowned profession, and hence entering into the world of CPAs is not very easy. So here are some handy tips for CPA exam which you can use to prepare well and increase your chances of passing.
Some Useful Tips For CPA Exam
Know the exam well
The CPA exam is changing from April 2017, so familiarize yourself with all the necessary details regarding the changes from the AICPA website.
AICPA has made a change in the curriculum of the uniform CPA examinations which is scheduled to become effective from April 2017. As a student, you need to make yourself aware of these changes. The new assessment will be of a total of 16 hours, covering four sections of 4 hours each. These four sections are:
- Auditing and attestation (AUD)
- Business environment and concepts (BEC)
- Financial accounting and reporting (FAR)
- Regulation (REG)
Make yourself familiar with this changes so that you are not caught off guard or don’t end up studying the old syllabus. This is one of the most critical things that you need to do right now. You can find a handy ready reckoner of the revised syllabus on our website. Read it and keep it available with you during your exam preparations.
Buy an online preparatory course
Most students wonder how to pass the CPA exam in the first try. If you are one of them then you will have to remember that trying to study and pass the CPA exams on your own is not going to be easy. You need to have the right tools and guides that will prove to be invaluable during your preparations. One very important tool that you can use is an online preparation course.
These courses are delivered by renowned professors who have years of experience in helping people to clear the CPA examinations with flying colors. These materials are accessible around the clock so it is extremely convenient to learn from these. The professors will also provide you with helpful tips for CPA exam and tell you how to pass CPA exam in the most convenient way.
Choose your study hours
While this may sound to be a no brainer to you, this is one of the most important tips for CPA exam that I can give you. How fast you can complete your studies and how well you will remember the concepts that you learned will depend on how many study hours you are able to put in. So allocate your time appropriately.
Another important factor to consider is your study habits. Many of us are very comfortable studying in the morning, many others prefer to study at night when there is no disturbance around them. If you are more comfortable in learning at night then you can put in more hours at that time. If you study well in the early morning then wake up early and get going.
Plan your examination schedule
It makes a lot of sense to plan your examination schedule first and then prepare accordingly. Working backward will help you to calculate how much time you have to complete your preparation and accordingly you can allocate an adequate number of study hours to your preparations.
While you can certainly study first and then register for the exam at the last moment, use this option only if you suddenly decide to sit for the exams. Otherwise, if you keep waiting for the last moment then all the exam centers may be full and you might not get a seat. So to avoid disappointment you must register for the examinations well in advance.
Plan how you will answer the questions
One critical point that most examinees miss out on is to plan how to spend 4 hours that they will get to answer each paper. While they prepare meticulous plans regarding their studies and revision schedules, they seldom prepare a plan for the exam sessions.
It will help you a lot if you can understand the exam patterns of each section and then chalk out a plan regarding how you would spend every minute of the 4 hours that will be allotted to you. This will help you immensely while you’re answering the papers and will help you to avoid spending too much of time on any particular answer.
Use these tips for CPA examination prudently in order to minimise your stress and strain in the months leading up to the examinations and during the actual examinations themselves. For more useful information regarding clearing the CPA examinations, feel free to browse this website further.