[CPAfit]

Can the CPEexpress be used for CPA Canada in addition to CPA, US?

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

After the interview you'll receive an email from the verification services confirming that your request has been approved. From there on, you just need to submit your application through NASBA licensing services and you'll start receiving emails regarding your application until you get the license. The process can take anywhere from 3 – 6 weeks, in my case it was 4.5 weeks only.

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

First, I contacted NASBA just to make sure that the courses I'll choose will be accepted by them and will count towards my remaining credit hours. Once I got the green light from them , I chose the following 6 courses:

-Financial Accounting and reporting I
-Financial Accounting and reporting II
-Financial Accounting and reporting III
-Federal Income Tax I
-Federal Income Tax II
-Financial Statement Auditing

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

I got my CPA license from the state of New Hampshire almost a month ago. In case you're an international candidate, you will have to do the experience verification through NASBA which is mandatory now regardless whether your experience is being signed off by an active CPA already or not.

From my personal experience, the process was pretty straightforward and went by smoothly. It took only a few days after making the payment to have the interview scheduled and they gave me an option to choose out of 3 days from the week. The interview was an hour long but it went by like a breeze.

As far as the contents of the Interview goes, I would say don't sweat it too much. Most of the questions will be based upon your experience that you've mentioned on your CV and from your job description that they'll receive from your employer. The interviewer will ask you about situations where you had to apply your accounting experience and the decisions you made based upon your accounting knowledge and expertise. If your CV is the true reflection of the work that you say you are responsible for at your organization, you will have no problem whatsoever.

My interviewer was really nice and she really helped me ease into the whole process. All in all my experience was really amazing and I guess I felt that way mostly because of the interviewer as she was really good. There were no trick questions or attempts at trying to confuse the candidate. One thing she mentioned particularly was the job description that was sent by my employer and she said that my manager did an excellent job highlighting my tasks and responsibilities, which in turn made her job a lot easier. So I guess have your employer do a detailed job description, so things are clear. In case you are wondering, the interview was over Skype and it was a video call.

As for the other license requirements, kindly communicate directly with NASBA as my experience with them has been nothing but pleasant. They're really efficient and usually get back to me the same day. They will respond to each and every one of your query, no matter how menial or common it might seem.

I hope this is helpful and in case you still need any further clarification just leave a post and I'll get back to you.

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

You can do the remaining 30 credit hours through University of North Alabama online courses. I am also an international candidate and I was lacking 15 credit hours so I did mine from here. There courses are accepted by the New Hampshire state board so no need to worry about that. Although not cheap, it's worthwhile especially for people who have commitments and require flexibility. The courses are self taught and use the Wiley material throughout. So if you've already passed the CPA exam, this should a walk in the park for you. I am attaching the link to the University for your reference.

https://una.edu/continuing-education/index.html

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

I don't think so. Although a lot of people are not convinced as to why a person would want to leave a stable, well paying, 8-6 corporate job at an MNC to join a Big 4. Especially considering the amount of experience a per has under his belt prior to joining a Big 4, which does not count at all upon joining the firm.

I am an international candidate living in the Middle East who passed his exam back in 2016. I was avoiding public accounting at all costs, mainly due to the high requirement of late sittings and the amount of learning curve that I'll have to face. I was under the impression that I was too old and I should stick to my current job in the private sector. Somehow made up my mind last year and started applying at all the local Big 4 firms except KPMG. KPMG does not have a very good reputation in the Middle East market.

Interviewed at PwC, passed both rounds technical and Partner but in the end they told me I was too old. By the way, I'll turn 30 this Summer but the partner told me they only accept within the 22 – 25 YO range for entry level candidates.

Applied to E&Y, got an offer from their Transaction Advisory Services division. Sent them my credentials for the final screening before the offer and they just ghosted me. Followed up with them for a couple of months and then the Senior Manager who interviewed me stopped answering my calls altogether. I applied again for a position in a different division, reached the Partner interview round but this time the Partner shredded me into pieces as he was not convinced that I am serious about joining a Big 4. His concerns were, that I am too old, married and been in the private industry for way too long. He said that I will have a hard time adjusting to the environment and a lot of young people would be senior than me and that would frustrate me. So didn't get the offer this time.

Finally applied to Deloitte through a referral, passed both rounds with a breeze. Took a lot of convincing from my side and my referral's to show the partners that I am very serious about working here. Got the offer early Spring and joined the firm three weeks ago.

Until now, the learning curve has been very huge. I've learnt so many things in the past three weeks that I never even came across during my 6 years of private accounting. The training program offered by the firm is also very rigorous which shows what an amazing system the Big 4s have in place when it comes to the development of their employees. I do agree that the average age of entry level associates is a bit lower and most of the people still don't understand why I made this move. i personally feel that It is a great move from my side and any candidate who has a CPA and would like to continue in the field of Accounting should opt for it.

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

bump

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

The stock in Brown Corporation is owned 60% by Joan and 40% by Becky. Joan and Becky are not related. Becky and Joan transferred a parcel of land that they owned to Brown in Year 2, and 18 months later, in year 3, Brown liquidated and transferred all of the land to Joan. At the time of contribution in year 2 the land had a fair market value of $100,000 and adjusted basis of $140,000. In year 3, at the time of liquidation, the value of the land had declined to $70,000. How much loss can Brown Corporation recognize on the distribution?
$ 0
$40,000
$42,000
$70,000

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

The stock in Brown Corporation is owned 60% by Joan and 40% by Becky. Joan and Becky are not related. Becky and Joan transferred a parcel of land that they owned to Brown in Year 2, and 18 months later, in year 3, Brown liquidated and transferred all of the land to Joan. At the time of contribution in year 2 the land had a fair market value of $100,000 and adjusted basis of $140,000. In year 3, at the time of liquidation, the value of the land had declined to $70,000. How much loss can Brown Corporation recognize on the distribution?

$ 0
$40,000
$42,000
$70,000

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

If adjusted current earnings (ACE) exceeds alternative minimum tax income (before the ACE adjustment), then 50 percent of this difference is used as an adjustment for calculating alternative minimum tax income.
True
False

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

Hello @Seth & @James, thank you so much for doing this.

I am an international CPA candidate residing in Saudi Arabia and I have passed all four parts of the CPA exam. I am currently completing my 150 credit hour requirement to apply for a license through the state of New Hampshire.

My question to you is, is it possible for me to apply for a job in the US at a Big 4 that will be eligible for an H1-B sponsorship. If not, then what would be the best route for a candidate like myself?

As for my experience, I have been working in the private industry as Financial Analyst for almost 6 years now. All of my experience lies within the Finance department of an automotive industry at a large multinational (Toyota).

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

1.5 – 2 months studying 4 – 6 hours during the weekdays and 8 hours on the weekend. I used to take one day off completely to avoid burnout. Keep in mind I was also working full time during this period, so my pace was rather slower than an ideal candidate who would be studying full time.

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

Mostly MCQs and Ninja notes while at work and home. Ninja audio during the commute to and from work. Start blitz at the beginning of last week and watch it until the last minute before you enter the exam room.

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

Ninja Blitz is by far the most effective Ninja product if used properly. I can swear by this product as it helped achieve the highest points in Reg which was by far the hardest section for me, since I had no previous taxation background academically and professionally.

This is how I used Ninja for my final two sections and scored my personal bests (82 AUD & 83 REG) on the actual CPA exam. The method might vary from person to person and I am only sharing my personal experience. Since my study approach was consistent with both the exams, I am sharing only one scenario as it occured.

I always schedule my exams in the afternoon. Two reasons for doings so, first and foremost you don't have to worry about the traffic and second it gives you some time to do the final revision. There are people who stop studying at least a day before the exam, but I believe the CPA exam is all about recalling the right information at the right time during the exam. So cramming during the final hours before the exam makes sense, at least to me it does.

On a side note, since this is the final week before the exams, by this time I am done with the Ninja book at least two times, Ninja Audio countless times and counting plus the Mcqs at least two times. I start my Blitz round 1 at the beginning of the final week. By the time I reach exam day, I had done two rounds of complete Blitz. I left for the prometric center like I usually would for work, not allowing my body to feel strange by changing my routine and getting there at least 3 hours earlier. During my drive, I listened to Ninja Audio in no particular order. I brought my laptop with me to the center to watch the final round of Blitz. As soon as I came in, I checked in and let them know what time I would be back. I went back to the lobby and started watching the Blitz from the beginning. As soon as I finished all the videos which took me approximately 2.5 hours, i went straight in and told the administrator of the center that I would like to begin now. The first thing I do after hitting the start button, I write all the mnemonics from the Blitz into the working paper given to me by the Prometric staff. It sounds daunting but it only takes a couple of minutes and would save you a lot more during the exam. During my REG exam, I followed the same practice and found one of the TBS to be solvable verbatim through one of the Blitz mnemonics and I just could not believe it. In that moment, I said to myself either I am screwed or this is a home run. To this day, I am confident that solving that TBS through the Blitz mnemonic is a major contributing factor towards my all time high score.

I dedicate this long post to the Ninja Blitz and its creator Mr. Jeff.

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[CPAfit]

I think you're reading too much into your boss's expectation. I am not denying that it might be a possibility, but I would not stress about it until I have been given an ultimatum explicitly. Until then, you should focus your energy on passing the exams rather than thinking about what might happen in case you don't.

I think you need a solid plan and you can definitely pass the exam. It's very doable even with a full time job and a significant other, as most of the Ninja Alumni would vouch for that.

Personally I followed the Ninja method and it worked best for me. In case you don't have the ELL plan, just send an email to Jeff and he'll send it over to you with some additional goodies.

To begin with, you need find out what type of study method works best for you. Although it sounds like a cliche, but it is a fact. Based upon your study requirements, you should be able to choose a suitable review course. Personally, I started with Becker without doing much research about it and giving into their marketing strategy and alumni approach. I bought the complete package falling for their Becker promise and I regretted it right away, even though I did manage to pass two out of the four exams. I switched to Ninja halfway through and never looked back. I used the Ninja material extensively, from books, to notes, to audio book, to Blitz to even the podcast. This forum has also been crucial in allowing me to stay diligent with my study approach and reassuring that I am not alone.

I hope you find this helpful. In case you ever feel lost, just post on the forum and the Ninjas will guide you through.

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018

[Author]

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