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Although the point I am about to make is simple and not original by any means, I believe answering the question I am about to pose is often overlooked and essential to passing the CPA exam.
Let me get right to the point. So when you graduate college, you receive/purchase study materials which consist of thousands of questions and hundreds of lecture hours. Usually the study materials you receive recommend that you study for about 6-10 weeks for each section and then take the exam. At this point you need to ask yourself the fundamental question to passing the exam:
“Considering I have to know about 400 pages of material, how can I implement a study system where information learned on day one of a 6-10 week cycle is retained on the last day of a 6-10 week cycle?”’
The problem with the CPA exam as opposed to every other exam you have ever taken is the volume. So when I asked myself this question, I came up with the following solution that helped me finish my final 3 parts in a 10 month period.
I decided to make notecards for every chapter. I would go through the Becker lecture and make a notecard for every key point highlighted or emphasized. First, let me go over the cons of the notecard method. I spent more time writing notecards then actually studying. Yes, this seems ridiculous but it’s true. I made sure my notecards were properly written, exact and well understood. The reason I was so meticulous is because these notecards acted as my foundation for the exam. Now let me tell you my why this method works. Every day before I started learning NEW information I would go over an old chapter of notecards. This way my “review period” started from day one as opposed to leaving 3-5 days to review. It’s unreasonable to not look at information learned 2 weeks ago and expect to remember minute details required to pass the CPA exam. Coupled with this methodology, I was constantly doing multiple choice questions to reinforce the material.
If you have failed repeatedly or are just starting, please consider the question I posed above. If you have a different solution to approaching it, best of luck to you (everyone learns differently). I just wanted to tell you what worked for me. One last thing – you can do this. Don’t listen to anyone who tells you differently. Just be persistent and work hard every day
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