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CPA Exam Changes

Remember: starting in the July/August 2008 window, there is a new format for completing the research tab of the simulations. Be sure to practice doing it at least once so that you're reasonably proficient with the new format prior to entering the testing room. Failing to do so could cost you precious minutes as your exam clock winds down. Link: Tutorial from the AICPA

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My REG Experience

It has been tough to drudge up the motivation to jump back into REG and my goal of taking the REG exam 7/7 might be a bit optimistic now. However, I am into disc 2 of Yaeger‘s 9 disc REG set and am soaking up Module 33 – Individual Income Tax and am strengthening what were previously weak areas. As I follow Phil and take notes in the margins, highlight lines, and flip back and forth between the text and questions, my marked-up, torn-up Wiley book will likely resemble gang violence come mid-July. I am still targeting 7/7, will not schedule my exam until I know that I will be ready on exam day. My modest study goal is 2.5 hours a day on the weekdays and 4 hours on Sat/Sunday. Thanks for reading.

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CPA Exam Strategy

I'm working my way through Yaeger CPA Review's Regulation HomeStudy program and I'm finding that I need to make notes of rules/exceptions so that I won't forget them when I take the Regulation Exam in a month. This practice will work with any section of the CPA Exam, but is especially helpful I think with Regulation due to the nature of taxation and rules and exception to the rules. As I watch the video and work my way through the book, instead of taking notes on a piece of paper or writing in the book, I pause the video and type the note in an Excel workbook and make a tab for each module. If you don't already have a system for taking notes, consider this as a helpful option. ***Update Post*** How I took notes for Regulation… ******* Yaeger CPA Review is offering this site's readers an exclusive discount

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My REG Experience

I peeked into the mailbox yesterday and sure enough some spam from some company called “NASBA” was in there. I opened it up and before I looked (true story) I prayed “God, please make this say that I passed” (or something to that effect). Instead, my eyes zeroed in on some heartless line about “no credit” for the FARE section. Score: 74 Result: FAIL I then looked at the diagnostic section and what do you know, the ONE section I decided to watch for the Yaeger Cram as I've previously stated is “Entity Taxation” and I doubled my freaking score from a 40 to an 80. It was the only thing I studied (spent almost all of my time on BEC) for REG because – heh – afterall, I scored a 74 before and had this thing in the bag. Wouldn't you know – Ol' Reliable – Individual Taxation, which

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CPA Exam Strategy

For all of the NTS renewals I've done over the last couple of (gasp) years, I have yet to subscribe to the professional literature access offered by NASBA. I've paid enough $$ in exam fees that they should give me a lifetime subscription. If you have a good study package, this is probably just a distraction, but it could interesting to mess around with and it's yours free for six months if you have an NTS. Get the subscription here from NASBA. A description from cpa-exam.org: “CPA exam candidates can get a free six-month subscription to professional literature used in the computerized CPA Examination. This online package includes AICPA Professional Standards, FASB Current Text, and FASB Original Pronouncements. Only candidates who have applied to take the CPA exam, and have been deemed eligible by state boards of accountancy, will receive access to this package of professional literature.”

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My REG Experience

The good news: REG scores are out. The bad news: I don't have mine. The weird news: A friend of mine who took the exact same section in the exact same room on the exact same day had his score yesterday. My score must have been so fantastic that they didn't think posting it electronically would do it justice.

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