Jay’s CPA Exam Study Report: Week 43

15 Aug 2011

Club 75 Candidate Bloggers

Jay is a weekly columnist as a Club 75 Blogger, where he documents his journey through the CPA Exam. He has been a member of Club 75 since April 2010.

Week 43

Hello all. I feel like I’m at my breaking point. I am starting to feel like I’m going to fail REG miserably. Fifteen days until the exam and my nerves have started getting the better of me. My wife knows how hard I’ve been working and makes me realize that it’s my mind playing games on me.

I always go through this feeling of utter unpreparedness before an exam, so these last two weeks will be spent building my confidence by practicing MCQ’s ad nauseum.

This week I logged 32 hours, so I have been plowing through this stuff. I finished up Becker’s Chapter 7 this week and used all day Saturday to review all the non-tax chapters. I drilled MCQ’s on Contracts, Sales, Commercial Paper, Bankruptcy, Suretyship, Antitrust Laws and Securities Regs.

I was able to score slightly better on the MCQ’s than I did on my first go around, so generally in the high 70’s, low 80’s. Not as great as I’d like, but I will continue to work the Wiley MCQ’s for these sections during the coming week. I am hoping this will prepare me better than Becker alone and hopefully I’ll see some additional things that Becker may have glazed over or skipped. Also, I think this will help keep the topics fresh in my head, but I won’t be focusing on these topics alone.

The tax chapters will be primary focus during these last 2 weeks. I actually reviewed and hit partnership tax on Sunday and it went really well. I started with Partnership tax first, because I was most comfortable with it. When I wrapped that section up, I went onto Corporate Tax, because I expect that to be one of the meatiest sections.

I’m still working through it and haven’t done too many MCQ’s, but will focus on Corporate Tax for another 8-12 hours in the coming week, and then move to Individual tax and then lastly Estate, Trust and Gift tax. I may actually only make it through Individual by next week’s update, but if I’m solid on Corporate, Partnership and Individual tax by the end of next week, I’ll be very happy.

I plan to keep the hours at about 30ish in the coming week, as well. Pressure is on…Time to embrace this challenge and own it. I read Allyson’s update today during a study break and realized there’s so many of us going through this routine in our own personal way. Good Look Allyson!! And everyone else testing this week.

Jay. O

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