Posts Tagged ‘CPA Review Tips’

CPA Test – How to Pass

Thursday, April 25th, 2013

To ensure that licensed certified Public Accountants or CPAs in the US are really qualified, they need to pass the Uniform CPA test or CPA examination. This test follows world standards for accountancy excellence. Here are some facts on what is a CPA test.

The US Uniform CPA Examination

When in the US, the test to tackle for licensed accountancy is the Uniform CPA Examination. This systematic set of questions describes well what is a CPA test all about. It is the same for anyone who wants to be licensed anywhere in the 55 states under the US government. This includes the 50 states plus Puerto Rico, the District of Columbia, Guam, US Virgin Islands, and the Northern Mariana Islands Commonwealth.

Just One among Many Requirements

However, to get a license, passing the Uniform CPA test is not enough. One must also fulfill the educational and experiential requirements. Requirements for licensure differ by jurisdiction, but the common prerequisite is the passing the Uniform CPA examination. This should give examinees an idea of what is a CPA test and how important it is. For more details, visit websites of the Boards of Accountancy to get a better picture of the various requirements and differences among the accountancy boards.

Why the Need for a CPA Test?

Licensed accountants must be capable of protecting the public interest amid the rapid changes in the financial and business environment, especially with the advance of Information Technology. They should prove themselves as accounting professionals able to do their jobs even in the international scene. Thus, the need for the Uniform CPA examination.

Who Prepares the CPA questionnaire?

Three groups prepare the questions for the Boards of Accountancy. They are the National Association of State Boards of Accountancy or NASBA, the American Institute f Certified Public Accountants or AICPA, and Prometric. As far as the quality of examination content and scoring are concerned, AICPA is responsible. Examinees’ database is managed by NASBA. Prometric takes care of examination deliveries at test centers authorized by the government.

Other Details

The accountancy examination should be in a computer-based format only approved by the Boards of Accountancy. The venues for the test should be in designated centers only, found in the 54 US territories, except in the Commonwealth of Northern Marianas Islands. No US CPA licensure test should be held outside US territories of jurisdictions. And all questions and instructions should be in English.

The test lasts from 5 to 6 days a week in two months each year quarter. No such test is conducted in March, June, September, and December.

CPA Board Passers Strategies

Sunday, April 21st, 2013

These tips for passing the CPA exam won’t guarantee you’ll ace the test. However, they can help you better cope with the tasks ahead.

Fixing Your Schedule

If you’re going to take the test you must organize your schedule. By setting up a study schedule, you’ll be able to focus on it entirely. The best time to take the test is after graduating from college. The less time you let pass between graduation and the test, the better.

After college, your test taking skills will still be intact. In addition, there’s less demand from your schedule. This is one of the most important tips for passing the CPA exam. Take advantage of the relatively free time you have after college to study and try the exam.

his doesn’t mean you can’t take the tests when you’re working full time. But it will be a little harder.

Choosing a Review Course

There are many types of review courses available. Go online and assess the many kinds out there. This can be one of the most useful tools when it comes to passing the test. Give yourself some time to learning what the review courses are about and how to use them.

Get Familiar with the Software

Spend some time learning the software. The word processor and spreadsheet are different from Word and Excel. Give yourself some time to learn their features. This is one of the most vital tips for passing the CPA exam. For example, copy / paste doesn’t work with multiple paragraphs. They need to be copied one at a time.

While there’s a history function, there’s no Back button. When using the spreadsheets, you can punch in numbers if the NumLock is on. Unlike search engines, you must type the word correctly when looking for something.

You can review the question for the multiple choice testlets you’re taking. You can also do the same with the simulation. Using this option can clarify the case study before you. Remember too that you can’t go back to a testlet / simulation that you have finished.

Other Tips for Passing the CPA Exam

Nothing beats preparing early, so give yourself as much time as possible to get ready. Unlike in the past, exams are now done using computers. Learning to use one therefore, is a must.

If you’re working, inform your employer. Some companies have reimbursement offerings for exam takers. While others will shoulder the cost of the tests, others will give bonuses to exam passers. However, these offerings are not always available; it depends on the company.

Avoid Distractions

It’s only human nature to worry about the test results. But a lot of the worry can be put aside if you studied properly. By properly it means steering clear of distractions. It will also help if you read a few books on how to take a test.

These tips for passing the CPA exam should help when you decide to study and take the tests. There’s no sure fire way of passing, but these strategies can take away a lot of the anxiety and pressure.

Review of CPA Exam Prep Materials

Sunday, April 21st, 2013

Reviewing CPA exam prep materials is regarded by almost everyone as mandatory for passing the actual tests. Here are some thoughts and suggestions to assist you when going through these materials.

Evaluate the Format

When picking a review course, make sure the study aids are actually helpful. Examine the software, sample test papers, flash cards etc. Almost all CPA review courses offer these, but they’re not created equal. It’s a good idea to ask friends for recommended review services.

Note: a lot of these courses allow you to preview a session or two. Use this opportunity to examine its contents. If the presentation doesn’t suit you, try another service. When reviewing CPA exam prep materials, presentation is vital. The most advanced concepts won’t help if you’re uncomfortable with the format.

Find the Right Schedule

A lot of classes offer flexible schedules so working people can still attend regularly. If you prefer a live class, check the various CPA classes in your area. Join the one that best fits your schedule.

Some of the most flexible classes are found online. There are different types available so study each one. Of course you shouldn’t just look at the schedule alone; make sure the course is comprehensive.

Self Study

Some prefer reviewing CPA exam prep materials on their own. You don’t have to follow a schedule or go to any class. While it’s the most flexible, it isn’t for everyone. Be certain you have the discipline to study without having a supervisor or instructor. You could easily end up wasting your time and money by slacking off.

Buy updated study aids and materials. The books can’t be older than 16 months. It’s also crucial you keep in touch with the local CPA group in your area. Go to their website and look for any announcements. If you’re taking the exam, it’s your responsibility to be updated on any policy changes.

Note: CPA exams are done using computers. If you’re going to ask advice from someone, make sure he / she is conversant with the technology being used today. There’s nothing worse than getting wrong advice and outdated study techniques.

Other Reminders

The best way to use these review materials is by studying diligently. Whether it’s live class, self study or online, the rules for reviewing CPA exam prep materials remain the same.

Focus all your thoughts and energies on the subject. Don’t allow yourself to be distracted by cell phones, instant messages etc when studying. Turn off all these distractions.

Do not worry about the exam results. Stress and anxiety won’t help you. Don’t try to cram too much information in your head. Just go through the lessons as best as you can. Establish a reasonable schedule.

Try to approach the subjects with as clear a mind as possible. Your mental preparation is crucial. Worrying too much can affect you physically.
 
Reviewing CPA exam prep materials is an essential step to becoming a public accountant. You can be one if you examine the options that can best help you.