November 7, 2019 at 11:51 am #2784777alina.grigoryParticipant
I Just got my score for FAR (my last part), and found that I failed by 3 POINTS f***ing points! to make matters worse, lovely CBA, just told me that I can't take FAR again in this window, which means I will my BEC credit. I'm just gutted and feel defeated. Working full time with one busy season after another, I put in so much effort to get this f****ing license under my belt and move on to bigger and better things in life. I've been thinking and I still can't understand any reason to have this stupid 18 months limitation other than making money for the state. I hope they know the kinda emotional stress they are putting us through!November 7, 2019 at 12:55 pm #2784921bigstakkParticipant
Think the 18mo limitation is moving to 24mo next year as well as being able to take the section in the same window. Kind of annoying for all of us. You're really close on FAR and already passed BEC, so you can schedule them back to back and crank it out early January. Best of luck.November 7, 2019 at 1:44 pm #278501112tangParticipant
FAR is a beast. Don't feel bad. I failed it earlier this year. I regrouped and thought I killed it only to find out that I scraped by with a 77. You can do it though! I agree that the 18 month window is BS. Fine for anyone not employed or fresh from college but not for anyone else. If I can't pass by June, I'll lose BEC and go figure, continuous testing becomes effective after me losing that credit. I also purchased my second CPA review program just to be crapped on because they started unlimited review packages right after my purchase. Roger wouldn't hook me up with unlimited review so I lost my review materials. Many things can happen to us and one thing is for sure; we PAY LOTS OF MONEY when stuff happens… We gotta dig deep though and not let them win. Let's show them that they won't take anymore of our hard earned dollars nor our precious time on this Earth, by passing this ridiculous gauntlet of an exam…November 11, 2019 at 3:05 pm #2790774aaronmoParticipant
It probably won't come as much comfort right now, but the future exam is probably going to look very different. The whole profession is going to look very different.
A lot of conversations are happening right now at the highest levels because fewer kids are picking accounting, and those that are, are less likely to be interested in the CPA exam. There are a lot of reasons for this…younger CPAs are telling their compatriots in schools that CPAs get a raw deal compared to other professions…audit is being increasingly automated…many firms don't know how to train/prepare staff…and are not sure what the future looks like.
The talk is all about how firms are going to be valued consultants again, and anyone who lived through 2002 should get their hackles up when they read that statement.
Anyway…right now, today, there is a shortage of exam takers and of candidates, even with the automation at the big 4. That could change with the economy.
- You must be logged in to reply to this topic.