Elijah Watts Sells Award ?

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  • #2855745
    beerluvr
    Participant

    I just received my score for my final exam section. It brought my cumulative average to exactly 95.50. Like 95.500000000. I passed each section on the first attempt. The AICPA website clearly states that EWS will be given to those who average above 95.50. So I guess I am out of luck, right? Unless anyone knows of any situations where the CPA Gods are not relentlessly laughing down upon me, I will resign myself to being a lucky-enough yet just-unlucky-enough kind of guy.

    By no means is this a “boo hoo everyone feel bad for me” kind of deal. I feel more relief to be done than frustration to come so close to EWS. There are plenty of people out there who get 74s on exams, or who have credits expire, etc.; so for me to complain about something so trivial would be insensitive and insulting. Let the chips fall as they may, I guess.

    But if anyone has any insight, I'd be happy to hear it. Otherwise, I will just move on with my life and be on my merry way.

    #2855943
    DocJ
    Participant

    Well aren't you a smarty pants :p

    Is there even a prize for that though? I'm pretty sure it's just bragging rights. But I'd give the AICPA a call, see what's up.

    #2857728
    runincpa
    Participant

    I would ask around since you are so dang close.
    Also, for those wondering: Some firms give a large bonus if you get the award. I’m not in that boat, but that’s fine with me.

    AUD - 81
    BEC - 82
    FAR - 77
    REG - NINJA in Training
    Gotta get that bonus!
    #2981027
    Aerinen
    Participant

    I'm in the same boat! I was relieved at first, I didn't want to be known as someone who over studied. I very much believe the goal is to pass ASAP and nothing more. As time goes on the recognition sounds more and more appealing though. (my firm doesn't have a bonus so no big loss)

    Did you ever ask?
    Or Has anyone who definitely got the award already heard anything?

    Last year the press release was 4/11… I'd like to have it done and know it's not happening so I can 100% know and never think about it again.

    As said in the original post THIS IS SO NOT IMPORTANT. way bigger problems in the world, a pass is a pass.

    Hang in there...
    #2981030
    CPAHOPECPAHOPE
    Participant

    So did you win the award, beerluvr? Love to get your response. Id definitely over study and receive the award than barely passing the exams. Unfortunately im at a point where i just want to pass the exams lol

    AUD - 39
    BEC - 76
    FAR - 56
    REG - 79
    FAR 57,61,57,56 (F*)

    REG 54,49,69,66, 79

    AUD 39(lol)

    BEC 64,60,50(lol),70,67,71,76

     

    Brodie: Why not?

    #2995457
    beerluvr
    Participant

    @CPAHOPE Unfortunately no dice. The funny thing is a guy who sits diagonal from me (literally a few yards away) received EWS; it would have been crazy to have two EWS winners in the same desk bay, but maybe in an alternate universe. Good luck to you on studying! This test is no joke, but keep chipping away at it and you'll have your day.

    #2995598
    CPAHOPECPAHOPE
    Participant

    @Beerluvr
    Darn.. you were so close. Yeah it wouldve been crazy if two EWS came out from the same desk bay. Thnx for the encouragement!

    AUD - 39
    BEC - 76
    FAR - 56
    REG - 79
    FAR 57,61,57,56 (F*)

    REG 54,49,69,66, 79

    AUD 39(lol)

    BEC 64,60,50(lol),70,67,71,76

     

    Brodie: Why not?

    #3001302
    NE CPANE CPA
    Participant

    @CPAHOPE Unfortunately no dice. The funny thing is a guy who sits diagonal from me (literally a few yards away) received EWS; it would have been crazy to have two EWS winners in the same desk bay, but maybe in an alternate universe. Good luck to you on studying! This test is no joke, but keep chipping away at it and you'll have your day.

    I'm sorry to hear that you didn't win. Your test results are highly impressive and should have been recognized in some manner.

    Out of curiousity, what study materials did you use? Also how did you approach the test? Any information regarding your mindset will be most appreciated.

    #3002046
    beerluvr
    Participant

    I used Becker (provided by my firm) and started with FAR since that is what everyone recommends. In retrospect, I think that's actually a good game plan since a lot of the stuff you learn in FAR will carry over to the other sections. I spent a decent amount of time studying for FAR (I think around 6 weeks) and I was only working part time which was HUGE since I was able to really spend time on the material and try to understand it rather than just memorize it. My attitude was “If Gearty explains something and it doesn't make sense (which it usually didn't), then figure out a way that makes sense.” Becker was overall pretty good, but they have a tendency to overcomplicate certain things – I remember for BEC they gave like 4 or 5 different formulas for variances that I ended up breaking down into one. I know not everyone has the luxury to spend time doing stuff like that, but if you do, I think breaking formulas/concepts down until you understand WHY something works is super helpful.

    Anyway, after FAR, I took BEC, AUD, REG in that order. I kept my foot on the gas for BEC just because I thought my FAR score was a fluke – ended up getting a 99 which I honestly thought was a mistake; out of all the tests, BEC was the one I felt shakiest about. One thing I recommend for BEC is saving all the rote memorization stuff from the first chapter (i.e. COSO) for the end- no point in memorizing a bunch of random stuff that you'll end up forgetting by the time you get to the end of the material. For AUD, I felt pretty good going in and even better coming out, but that ended up being my lowest score. My only audit experience is one class in undergrad, but still I was a little surprised by the score considering how I'd done FAR and BEC. I think Becker did a great job on certain things (different engagement types – audit, review, compilation, AUPs) but I felt like the actual exam touched on things I'd never even seen mentioned in Becker. Last but not least, I took REG after working my first full-time busy season (tax). At this point, I knew EWS was a long shot since I needed a 97 or higher on REG and it was difficult to study while working full-time, but I gave it my best. Ended up getting a 96. My two cents on REG is that it is an absolute beast – I mean, even being a tax accountant I was pretty overwhelmed. Becker throws so much material at you that I think you'll be well-prepared for the actual exam if you just understand the concepts (and don't forget you can reference the authoritative literature for all the sims, not just the research question – it probably helped me scrape up partial credit on a sim or two).

    I guess the overall takeaway is to take your time understanding the material and keep chipping away at it every day. Even though I was lucky enough to pass each section on the first go, there were points where I wanted to give up – I mean these tests are a serious commitment. I have so much respect for the people who fail and keep on keeping on until they pass; it's as much a test of grit as it is a test of debits and credits.

    #3002097
    NE CPANE CPA
    Participant

    I used Becker (provided by my firm) and started with FAR since that is what everyone recommends. In retrospect, I think that's actually a good game plan since a lot of the stuff you learn in FAR will carry over to the other sections. I spent a decent amount of time studying for FAR (I think around 6 weeks) and I was only working part time which was HUGE since I was able to really spend time on the material and try to understand it rather than just memorize it. My attitude was “If Gearty explains something and it doesn't make sense (which it usually didn't), then figure out a way that makes sense.” Becker was overall pretty good, but they have a tendency to overcomplicate certain things – I remember for BEC they gave like 4 or 5 different formulas for variances that I ended up breaking down into one. I know not everyone has the luxury to spend time doing stuff like that, but if you do, I think breaking formulas/concepts down until you understand WHY something works is super helpful.

    Anyway, after FAR, I took BEC, AUD, REG in that order. I kept my foot on the gas for BEC just because I thought my FAR score was a fluke – ended up getting a 99 which I honestly thought was a mistake; out of all the tests, BEC was the one I felt shakiest about. One thing I recommend for BEC is saving all the rote memorization stuff from the first chapter (i.e. COSO) for the end- no point in memorizing a bunch of random stuff that you'll end up forgetting by the time you get to the end of the material. For AUD, I felt pretty good going in and even better coming out, but that ended up being my lowest score. My only audit experience is one class in undergrad, but still I was a little surprised by the score considering how I'd done FAR and BEC. I think Becker did a great job on certain things (different engagement types – audit, review, compilation, AUPs) but I felt like the actual exam touched on things I'd never even seen mentioned in Becker. Last but not least, I took REG after working my first full-time busy season (tax). At this point, I knew EWS was a long shot since I needed a 97 or higher on REG and it was difficult to study while working full-time, but I gave it my best. Ended up getting a 96. My two cents on REG is that it is an absolute beast – I mean, even being a tax accountant I was pretty overwhelmed. Becker throws so much material at you that I think you'll be well-prepared for the actual exam if you just understand the concepts (and don't forget you can reference the authoritative literature for all the sims, not just the research question – it probably helped me scrape up partial credit on a sim or two).

    I guess the overall takeaway is to take your time understanding the material and keep chipping away at it every day. Even though I was lucky enough to pass each section on the first go, there were points where I wanted to give up – I mean these tests are a serious commitment. I have so much respect for the people who fail and keep on keeping on until they pass; it's as much a test of grit as it is a test of debits and credits.

    Just incredible. Thank you for the detailed information. I am really inspired by your tenacity and how well you have done on the exams. I am just starting out on my CPA journey and your post really resonated because you have managed to do better than the vast majority of test takers yet still have a positive outlook despite coming so close to EWS. For these reasons alone, you should have won the award in my opinion.

    I am in a different place than you. I am in my late 30s, working full time. Although I work in an accounting/finance oriented role, I don't have the traditional Accounting undergrad > Big 4/Public under my belt. I am looking to complete a CPA so that I can switch over to public (small shop), learn the business and branch out on my own. Therefore, my employer is not going to be supporting/paying for the CPA prep courses. Even before I take the prep courses, I'll need to complete 4 accounting oriented continuing ed courses so that I am eligible as a candidate.

    Having said all of that, I'll look at Becker, Roger and Ninja to see how I can learn the most and maximize the score. I'll also start with FAR and will keep an eye out for REG being incredibly challenging.

    If you have any parting words of advice for me or others aspiring to do well in exams, please do share. Otherwise, I wanted to thank you for contribution and wish you all the best for the future!

    1. Getting through 4 online accounting courses over the summer.
    2. Starting the prep in September. I like what I am seeing with Roger CPA prep.

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