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My REG Experience

I began Wiley module 35 – Partnership Taxation this morning. I worked an hour and a half holed-up in a conference room during lunch, and then another two hours after work. I was proficient at some aspects of partnerships, but after watching Yaeger‘s cram DVD section over it and working through the Wiley book with Dr. Yaeger, I have it nailed down. I did 32 multiple choice questions that Dr. Yaeger lists as an assignment and I scored a 94%. One of the the things that I like about Dr. Yaeger is that when he goes over a multiple choice question, he not only discusses the relevant facts about the question, but also gives examples of what would happen given an opposite fact pattern or an exception. This method of learning and reinforcement suits me perfectly. My areas of weakness easily identified while working through the lecture: 1. Items not

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My BEC Experience

I've done the math and mapped out my final week of studying/cramming/praying and it goes something like this: (keep in mind that I'm not a very structured person…I have a tendency to live by default and not design, per se, so this may be difficult for me). This is hardcore (to me it is, anyway), but I'm only doing this for a week. (95 hours of work + study…) Sunday night: Lights out at 11pm (I usually stay up til 12:30am or 1) Monday: Study 5:30-7am (I usually get up at 7am…I live 10 min. from work) 11:30-1pm (extended lunch) 5-6:30pm 6:30-7 – briefly remind the kids that I exist 7-11pm (6.5 hours) Tuesday: repeat Wednesday: repeat Thursday: Family time starting at 7pm (4.5 hours) Friday: same as Thursday, but no studying after work or in the evening (3 hours) Saturday: 5:30-7am, 8-11:30, 12-4, 6-10 (14 hours) Sunday: same as

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My REG Experience

I have 2 sets of cram DVDs from Yaeger CPA coming in the mail and I am very excited about them. I also purchased the Wiley CPA texts that go with them. The “cram” courses cover all of the important topics covered in the Wiley textbooks from start to finish. I've been doing a lot of studying and I feel like I need that one last onslaught of review prior to taking the exams. My plan: Beginning 3 days prior to my exams, I will begin the BEC cram. It's 9 hours long and it will take me from start to finish in the Wiley book and whatever weak areas remain should be fortified at least to a point where I can score a 75. That's all I care about – a 75. I scored a 71 in January. I will wrap up the BEC cram two days prior to

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Simulations

Starting in the 3rd quarter of 2008, there will be a new research format in the simulations. A tutorial will be available at cpaexam.org sometime in the 2nd quarter of 2008. Supposedly the new format will make it more simple to navigate. Personally, I don't think it would take much to improve the current interface. It's cumbersome and you have to hold your mouth just right and say a prayer to get your answers to transfer from the authoritative literature section. I learned the hard way that you can't transfer an answer unless you SPLIT THE SCREENS. Of course it says this in the instructions, but I have better things to do during the exam than read instructions. 🙂 Here is the link. It's a Powerpoint presentation.

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My BEC Experience

I can use slang and double-negatives when referring to BEC because there's no essay or writing portion of the exam – at least not until 2009. I consider BEC as the second-hardest section of the CPA Exam.

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CPA Exam Strategy

I had a question on which section to take first and wanted to address it. You'll find different opinions on this subject and here is mine: Take the hardest section first. The reasoning for this is very simple. Once you pass a section, your 18 month window begins (from the date you sat for the exam, not the date that you received your results). You don't want to pass the easiest section (Auditing) and then struggle with FARE 5x and lose AUD. I say that Auditing is the easiest section, but “easiest” is a relative term. Each section of the exam is very hard, I just think AUD is the less-hard section of the CPA Exam. If you think Auditing is the hardest section because you've passed the others but have failed Auditing 3x, then I understand. I'm just speaking in general terms. Ranking of CPA Exam sections from hardest

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CPA Exam Review