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CPA TOP TIPS FOR EXAM DAY And Preparation Tips

CPA TOP TIPS FOR EXAM DAY

CPA TOP TIPS FOR EXAM DAY: Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. In the United States, the CPA is a license to provide accounting services directly to the public. It is awarded by each of the 50 states for practice in that state. Additionally, almost every state (49 out of 50) has passed mobility laws in order to allow practice in their state by CPAs from other states. Although state licensing requirements vary, the minimum standard requirements include the passing of the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting related experience.

CPA TOP TIPS FOR EXAM DAY

Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or have requested to be converted to inactive status are in many states permitted to use the designation “CPA Inactive” or an equivalent phrase. In most U.S. states, only CPAs are legally able to provide to the public attestation (including auditing) opinions on financial statements. Many CPAs are members of the American Institute of Certified Public Accountants and their state CPA society.

CPA TOP TIPS FOR EXAM DAY

State laws vary widely regarding whether a non-CPA is even allowed to use the title accountant. To illustrate, Texas prohibits the use of the designations “accountant” and “auditor” by a person not certified as a Texas CPA, unless that person is a CPA in another state, is a non-resident of Texas, and otherwise meets the requirements for practice in Texas by out-of-state CPA firms and practitioners.

CPA TOP TIPS FOR EXAM DAY

1. Plan ahead – The best preparation is your undergraduate years. There are accountancy students who take this for granted. Some aren’t even sure whether they are in the right course or not. But as I observed in my “serious” classmates a decade ago, they were already practicing the review materials even in their third year. Planning ahead includes your plan to take a review, where to review and when to take the board. Also, you have to check your credentials whether you pass the required minimum requirements for you to take the exam.

2. Fix your decision – Do not procrastinate. If you plan to take the board in October, take it in October, and set your mind and your schedules for that date. Some lost the motivation and momentum when, after planning to take the board in October, decided to delay and take it in May. Of course, there are others who had much better results.

3. Believe in yourself – You don’t need me to tell you that. If others can do it, why can’t you? Think about it—if you believe you can pass the CPA Exam you have a much better chance of passing. The better prepared you are, the easier it will be to remain confident. Don’t devalue your abilities.

4. Enroll in reputable CPA review schools – Why? Because they have up-to-date materials and can recommend excellent studying sources. Of course, it will boil down to the reviewees’ ability to catch up. Sometimes, review materials and notes are just handed out to the reviewees with only brief explanations. Some of my classmates complained at the lack of discussions. But hey, this is a review and not a regular class. Study ahead of your review schedule.

5. Develop a study schedule, and stick to it – First time in my life I had a study schedule and religiously followed it. First, you need to know what topics are to be covered in the exam. It is not easy to cover everything in the 5-month review period so you really have to be selective in your topics to focus on in your study schedule. You can include some relaxation time in it like watching movies once in a week. A classmate of mine included in his daily schedule the Church Mass he will attend.

6. Use up-to-date materials. Why spend time studying old material or taking a CPA Review course that is not current? Did you know your textbooks may already be out of date by the time you take the exam? Tax, auditing, and accounting changes are usually testable six months after the issuance date. Study what’s tested and increase your chances of passing.

7. Learn from others – Interact with fellow reviewees especially those who are “serious” in their goals of passing the board. Exchange ideas with the topnotcher-hopefuls as if you too are one of them.

8. Take a leave of absence – This is applicable to those who are working. It would be extremely difficult to review and work at the same time. If your employer allows it, take a leave of 3 months prior to the exam.

9. Aim for the top – Don’t just aim to pass. Aim to be a CPA board topnotcher.

10. Pray – Pray for more wisdom and that you will give your best for this exam. Pray that you will not get sick on or a few days before exam schedule.

CPA TOP TIPS FOR EXAM DAY

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