CPA Reviewed: CPA Exam Podcast #56 – NINJA Hotline

    The podcast is back. HIYA!

    In this episode, we had five NINJAs call into the NINJA Hotline.

    - Monica (FAR)
    - Sammy (BEC)
    - Sam (BEC)
    - James (FAR)
    - Mohammed

    There are two ways to get the podcast: YouTube, and an audio-only version that streams from the site. You can also subscribe on iTunes

    Have a question for the Podcast? Ask Jeff

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    July 22, 2014 Podcasts

    Forum Spotlight: Big 4 Careers

    July 15, 2014 Another71 Forum

    Exam Recap: FAR Round Three

    Ninja_Phillip JamesPhillip is a NINJA CPA blogger.

    Fellow NINJAs,

    “Tough times don’t last, but tough people do.”

    I recently completed my third attempt at FAR. I am more than a little numb 3 days after the experience because I am unsure of how I performed. I want to believe that I did what I needed to do to pass because I never want to take that exam again, but I will have to wait until August for the result.

    I did not give myself much time between my 2nd failure and retake because I wanted to capitalize on the anger I felt with failing. My preparation for this retake was so much more intense than the first two times in that I had more “quality” study sessions.

    I directed considerable time to what I felt my major weaknesses were, reviewed my Diagnostic Score Report for my weak areas and focused MCQ sections on that material, and I answered SIMS in my study sessions.

    My practice session scores seemed to trend higher so that was a little encouraging. However, I still was not scoring in the 80%-90% range that so many people in the CPA Exam Forum mention as great scores to know you are ready, but I did not let that frustrate me.

    The week before the test was one of high anxiety. Externally, I wanted to project confidence, and strength while internally I debated as to whether I needed more time and if I was truly ready or was my anger clouding my judgment. So in order to clear my head of that negativity, I went to a golf driving range with a good friend of mine and hit balls for a few hours and had some beers.

    My head felt so much clearer after that and I envisioned passing FAR.

    On test day, I felt relaxed and ready. I went to a different testing site than the one I usually go to, so I woke up pretty early to make sure I had plenty of time to find the place. I listened to NINJA Audio on the way to the testing site to help me focus on the task at hand.

    As was the case with the first two tests, I was not overwhelmed by the MCQs but the SIMS seemed to be well above what I practiced in my review software. I really wanted to throw my hands up and walk out because I was so frustrated, but instead I took a deep breath and resolved myself to answer each question to the best of my ability because at this point all I could do was my best.

    In the time between now and score release, my plan is to study for Audit. If the date is open, I plan on scheduling my exam on the day FAR scores are released. I am in a tight window to achieve the goal of being a TX CPA by the end of 2014 so I do not want to waste time.

    Until the score release date, I will make the positive assumption that I have accomplished 25% of that goal.

    See y’all at the swearing in ceremony!

    July 15, 2014 NINJA CPA Review

    REG Study: Hit with a Wave of Optimism

    AshleyLAshley is a NINJA CPA Blogger.

    Hi NINJAS!

    There’s not much going on in my end of the Pursuit of CPA-ness world.

    I’ve purchased another NTS for my last two parts – REG & BEC – and I’ve restarted my CPA study plan. So far, I’m still on track! I’m not behind according to my schedule. Actually, I’m 2 days ahead if you can believe it.

    A major factor in that is that my new employer allows me to study a little bit at work each day. You can’t even imagine how helpful that is. I am so grateful.

    I’m still very fuzzy on negotiable instruments but I’m getting much better at the tax portion given the nature of my job now. I’m actually excited to take this exam again. I feel so much less depressed about it now that I have a plan.

    It’s crunch time now in regards to wedding stuff but I still feel optimistic about staying on track regarding my REG plan. Hopefully I can keep this mentality up.

    It’s exciting to think that within the next year I could have a CPA certificate along with my two degrees hanging on the wall in my office.

    July 15, 2014 NINJA CPA Review

    Studying AUD + Waiting on FAR Score

    TraceyTracey is a NINJA CPA Blogger.

    Hey y’all!

    Sorry it has been a little while since my last post, but I have been studying up a storm for FAR, which I took on July 8th.

    I hope I did better than last time, but FAR is one of those exams that you just never know. I studied differently this time, incorporating my own handmade flashcards of journal entries and calculations.

    I also purchased NINJA MCQ (which I do like and resembles exam questions more) after debating a few weeks if I wanted to buy yet more exam material. I completed hundreds of MCQ, which I analyzed to fully understand the topic and Sims to prepare. I hope this extra bit helped me get a pass on FAR.

    So until score release, I am studying for AUD, which I have scheduled for the end of August. I am looking forward to reading and understanding some different material.

    Hope everyone is having a great summer so far and enjoying the weather as much as possible. A few times I sat outside and would read or do MCQs. A change in scenery can be helpful to get a break from the routine.

    This upcoming weekend will be one of not studying and catching up on things that need to get done around the house and going to the lake for a day to relax. Going to enjoy it before things start to get crazy again and I am studying every weekend.

    Good luck to everyone taking exams this quarter! Happy Studying.

    July 14, 2014 NINJA CPA Review

    Time is Short: Studying FAR + Starting New Job

    Joe1Joe is a NINJA CPA Blogger.

    Sorry it has been so long since my last entry. I was forced to move my test date until August 23rd, and this will be the final time this happens, because my NTS will officially expire in August!

    However, I have kept up with the materials and I entered into a 7-week intense study plan that began last week.

    The main reason I have not been in touch is that I have been interviewing with several firms for a new job. I obviously could not post a letter about my job search and have my employer see it!

    The process started back in late May, and after several interviews with several firms, I have decided to accept an offer at a large food company in Denver! I am very excited for the new role and cannot wait to start in a few weeks!

    One great part of this transition is that I will have a full week off between jobs to focus on studying. I plan to get at least 8 hours a day for each day I take off. I have also been studying from 8-11pm every night, and will now be able to do at least an hour at lunch every day.

    At this point, I am just reviewing trouble areas and memorizing formulas. I will need to hit the MCQ hard in the next few weeks. I am now using a combination of NINJA MCQ and another program.

    It may be a challenge learning a new job and studying, but I hope that I will be in full review mode by the time I begin the job in early August. Life has thrown me some serious curveballs this year during my study period, but because I have kept up with my studying and MCQs I am confident that I will succeed in my war against FAR.

    Good luck to all you NINJAS out there. I hope that my FAR journey is nearing its end.

    July 14, 2014 NINJA CPA Review

    Forum Spotlight: FAR

    July 14, 2014 Another71 Forum

    REG Study: Nailing the Videos + Taking Intense Notes

    267930_10150714720330438_7265282_nShannon is a NINJA CPA Blogger.

    I would have to think the hardest part of studying is Nailing the Videos, while taking Intense Notes. And by hard, I mean mentally hard.

    Possibly because it’s the first part of studying and you have to get the ball rolling. Or perhaps it’s hard to get motivated to sit in front of a computer and listen to someone teach you. Or, maybe it’s all just me and I thought I was done with school! But you have to do it.

    So, as I am listening to my lectures, I am realizing I know quite a bit more than I thought I would regarding Regulation.

    Of course, right when the confidence starts flowing, I feel like I am hearing something for the first time and I have to back-up the video and listen to it again. And then pause the video to take notes.

    Start. Pause. Repeat.

    And these shenanigans prolong the lecture even longer! However, this process is the foundation of my studies. These are the notes I plan to re-write and re-write again. These are the notes I will draw upon when I am answering multiple-choice questions.

    So this is the time to tune-in and absorb as much as I can. Along with my personal notes, I am also able to supplement with the Regulation NINJA Notes. I find that the NINJA Notes provide a better overview and easy-to-understand presentation of the topics. And it’s always good for me to see things depicted in a different way.

    It’s easy for me to pull up my notes on my phone when I have a few minutes at the doctor’s office or when I have my mom on speaker phone. I am very excited to get through these lectures and begin the Non-Stop MCQs.

    I am using the new NINJA MCQ and my next post will include how I implement those in my studies, if I can make it through these lectures! Until next time!

    July 12, 2014 NINJA CPA Review
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