Beginning the journey – best advice?

  • Creator
    Topic
  • #161587

    I’m currently a graduate accounting student and am planning to sit for the CPA exam in the next few months. I am going to order Becker soon, and will submit for my NTS (state of NY) once I construct a study schedule and receive the study materials (am planning to do self-study). I need to pass all 4 sections of the exam by the end of July 2012.

    What is the most valuable advice you could give to a new kid on the CPA exam block? Thanks much.

    FAR - 94
    AUD - 94
    REG - 93
    BEC - 7/13

Viewing 15 replies - 1 through 15 (of 16 total)
  • Author
    Replies
  • #294651
    Anonymous
    Inactive

    Get it done while you are in school!!! DO NOT wait until you start work or even the Summer before you start work. I know too many people who didn't get the certification because of the time demands from a cpa firm. Also, you can never over study…don't underestimate any part of the exam. Other than that, good luck!

    #294652
    Laura
    Participant

    I totally agree with Baseball CPA!!

    Also, don't get married, have kids, or even remotely think you can have a life outside of studying and school. In all seriousness, studying should be your full time job while you have the time to make it your full time job. Once you start working it is very difficult to pass the exam.

    REG-80, 77, 77
    BEC-67, 68, 71, 67, 71, 74, 71, 74, 72, 77
    FAR- 72, 65,67, 53, 75 (truth be known the 53 was with 4 hours of studying)
    AUD-58, 62, 72, 74, 74, 75
    took 5 years but I'm DONE!!!!!!!!!!!!!!!

    #294653
    kb24
    Participant

    Baseball and keeptrying are absolutely right. In addition do your research. Check your state website for the requirements and application process. Check out the information on the aicpa website re the exam content, sample questions, and scoring. Also, don't assume that you don't need a review course just because you're in college. There are some people who don't agree with me, but I think the problems on the exam are far harder than anything you see in college. Check out samples of the various review courses to determine which works best for your style of learning. Don't assume that more money means better quality. Every course has its good and bad points, and you have to figure out what's best for you. If you can't afford a lecture/DVD course, use Wiley. Whatever choice you make, one of the most important things you do is lots and lots of MCQ. A good way to supplement this is with a test bank. Good luck!

    FAR 4/1/11 - 89
    AUD 4/15/11 - 85
    REG 4/29/11 - 80
    BEC 5/13/11 - 85

    #294654
    T-rex
    Participant

    FAR seems to take the most time to prepare for. Because of this, some recommend taking it first in order to have the best chance of completing all 4 sections within 18 months of taking the first one.

    AUD - 95, BEC - 85
    REG - 85, Rawrrrrrr FAR - 88
    Used Becker for all sections.
    CA candidate not residing in CA

    #294655
    Anonymous
    Inactive

    If you are still in grad school try to schedule your exams around the topics of the classes you are taking…one semester I had a tax planning course, so I scheduled REG along side that course. Another semester I took managerial accounting and had scheduled BEC right after that semester. It helped me a lot because the course work really reinforced the study materials and the practice MCQs.

    Other than that I agree with kb24…tons and tons of practice MCQs!!! Good luck!

    #294656
    Anonymous
    Inactive

    Take 2 exams (or more, if possible) per window: one at the beginning and one at the end.

    The 18 months fly by.

    #294657
    funnyorCPA
    Participant

    You may be tempted, at various points in studying, to value quantity over quality. I made this mistake a few times. I felt that if I got through a chapter really fast, I would feel better (which I did), but it was only momentarily. Dont rush through any part of the study process. Its better to take your time and really understand the concepts, then to try to finish too many chapters in one night/weekend/week.

    Also, be prepared to lose a decent (but not all) sleep. If you plan your schedule, you should be fine. I actually sat down, and mapped our my entire life for 9 months of studying. I looked through each chapter of each exam and estimated how long it would take me. I set a schedule of what I needed to accomplish every day to allow myself enough time to review as well. This also allowed me to still stay mentally and physically fit (was still able to hit the gym 6 days a week, and I work in public accounting). Planning ahead really helps. I know of a lot of my friends who gained the CPA 20 while studying, and just felt miserable all day.

    My third and final piece of advice is to just endure it. The CPA is an endurance test. The material can be complex, but not impossible. I strongly believe that everyone on Another71 has a chance at passing it. Just be dedicated, realize that their may be some sacrifices. But most of all, Good Luck 🙂

    CPA - Done
    CFE - Done

    My life as an auditor at a small CPA firm:

    https://anauditorslife.blogspot.com/

    #294658
    pinkpink114
    Participant

    I don't agree with the claims that you can't have a life. Studying has not taken over my life. I study for an hour before work, time I use to spend watching TV. I study during my lunch break, time I use to spend sitting around with co-workers complaining about how much we hate our jobs. I use to leave work at 5pm and it would take me an hour to go home, 5 miles a way. Now I go down to the cafe at work and study for 90 mins while traffic dies down and I'm home buy 6:40pm.

    On weekends, I get up around 7am and squeeze 4 hours in before lunch and I have the rest of the day to enjoy.

    Look for time wasters in your life, replace them with studying and you won't be miserable.

    #294659
    Anonymous
    Inactive

    @pink — how many sections of the exam have you passed so far?

    #294660
    jomarie
    Participant

    Sit for it while or right out of school. Before you get married and have kids. Lastly, NEVER GIVE UP!!!!

    Started sitting in May 2002, on and off. But since 2008 I've been nonstop and my scores are....
    AUD - 39, 48, 56, 65, 68, 73, 76!!! (Finally passed in Oct 2011!!!) Becker, NINJA, & Wiley
    REG - 75 (Lost Credit) 72, 68, 73, 75 (Passed again in Aug 2011) Becker, NINJA, & Wiley
    FAR - 65, 68, 75 (Lost Credit) 68, 73, 73, 80 (Passed again in May 2012) Roger, NINJA, & Wiley
    BEC - 65, 68, 71, 72, 72, 71, 76 (Lost Credit)- 70, 76!!!! I AM DONE!!! - Roger, NINJA, & Wiley
    After 10 long years of studying, I AM DONE!!!! Finally a Licensed CPA in the State of New York!!

    #294661
    mla1169
    Participant

    It is tough, maybe the toughest thing you'll ever do but it CAN be done. It will try your patience, test your relationships, break you down but in the end I am told it is worth it.

    How much of a life you can have, respectully to the person who says studying has not taken over their lives depends on what else you've got going on. With 2 kids, working 60 hours a week, and still in grad school in addition to taking the exam does preclude you from having any type of a life, and as much as I'd like to say I've remained active in my kids' lives it's not the same as if I “just” had a job. Trust me there are no “time wasters” to eliminate sometimes LOL!

    I think just as important as learning the concepts that will be tested is knowing what to expect, take a trial run @ Prometric if your center offers it, try the SIMS on the AICPA website to get familiar with maneuvering the tabs, the teeny tiny calculator, and whether you take one or 2 tests per window plan one as LATE as possible in the testing window. Waiting 10+ weeks for a score is grueling.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #294662
    Anonymous
    Inactive

    Run

    #294663
    Anonymous
    Inactive

    Great advice, previous posters.

    I think the psychological factor is as big as the technical aspect of studying. For every one of my tests (and I passed all 4 on the first try, thank you Yaeger) there was a point (or many points!) where I hit a wall and panicked — I wasn't getting anything, I had no decent recall of stuff from previous chapters, it was way too much material to grasp, let alone master, I was sitting alone at midnight, exhausted, I just bombed 6 MCQs on a subject I thought I knew. You need to power through your personal walls whatever they are and and whenever they hit.

    Test Day minutia: There is some helpful stuff you can do in the minutes after you start and before your initial screen times out — write down a few mnemonics or formulas, maybe write down 1-30 or 1-24 for each testlet on the side of your scratch paper sheets to cross through or circle if you don't want to click questions for review on the screen. Take 3 deep breaths. Write “Go Kelly” on the top of your scratch paper. All of this helps give you a sense of CONTROL.

    Target time for the first testlet: 30 minutes or less. You CAN do most of the SIMs if you leave yourself enough time to figure out or research what they are asking.

    If you balk at paying $30 for the Prometric dry run, just show up at the center after you schedule but before you test. They won't let you try the computer and they may not like it that you're there (be prepared to show ID), but you can see the layout, where the bathroom is, ask about parking. If your Prometric staff are mean and nasty on test day, don't let it throw you off. You can complain about them later and schedule your next test at another center.

    5. Ask any athlete or performer — rituals help calm you down and focus. Eat your special breakfast, wear your lucky underwear, chew peppermint gum to aid recall, whatever.

    #294664

    Thank you all for the awesome advice! I am SO glad I found this forum before beginning to study. It seems to be a great place to find a ton of moral support, and an avenue to garner that “you're not alone” feeling.

    FAR - 94
    AUD - 94
    REG - 93
    BEC - 7/13

    #294665
    Anonymous
    Inactive

    When you go in for your exam, I would also write down on my scratch paper the times I needed to be finished with each testlet.

    For example, in FAR I wanted to have enough time to spend approximately 1.5 minutes on each question. This meant I needed to be finished with testlet 1 by the 03 hours:15 minutes mark. So, when I sat down to begin my exam the first thing I did was write T1 – 3:15, T2 – 2:30, T3 – 1:45. This helped me tremendously with keeping track of the time I was spending on each testlet.

    Hope that helped some

Viewing 15 replies - 1 through 15 (of 16 total)
  • You must be logged in to reply to this topic.