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The CPA Exam is Looming, Are You Ready?

Sep 25, 2013

Today's the Big Day!
According to the team at Becker CPA Review, more than half of those people who sit for the CPA exam fail the first time around. Small mistakes attribute to this failure: lack of preparation, unfamiliarity with the research function, and spending too much time on a single question are all factors in failure. It stands to reason that the more prepared you are, the more likely you are to pass the first time.

1.Schedule Your Time

Never think that you’ll fit study time in when you can. Studying for the CPA exam is a serious undertaking. Schedule time to study just like you schedule time to work, time to eat and time to sleep. When you are scheduling your time, also remember to plan exactly what you will study. Structure your time so that you are done studying a week or two ahead of the exam. You can use those last two weeks to review the material and refresh yourself. If you don’t schedule this time, you’ll never study as much as you need to.

2.Take Time Off

If you’re working and have vacation time, save it for the week of your exam. Schedule the exam, if you can, within a 10-day period. For example, take FAR on Monday, and study for it the weekend before. Take the BEC on Wednesday, and study for it on Tuesday. When you do this, you’ll ensure that you have the extra time that you need to cram and you’ll be less stressed. Remember that being stressed or sick can have a great impact on how well or poorly you do on the test.

3.Multiple Choice

Crazy preparing CPA exam
Don’t just study paragraphs in a book and definitions. Make sure that you are studying multiple choice questions. These questions make up 70 percent of your FAR, REG and AUD scores, and 100 percent of your BEC score. If you aren’t well versed in how to take multiple choice tests, it’s time to brush up. For some people, these are the easiest exams to take. For others, they are the most difficult. The better prepared you are, the more likely you are to do well on these questions.

4.Pay for a Review

You may be loathe to pay good money to purchase review materials, but you may be surprised at just how helpful they are. When selecting a review course, make sure that the questions are up to date, and look closely at the reputation of the company. These courses will not only help you study the right material, but keep you from wasting your precious time studying the wrong material.

5.Mentally Prepare

The more mentally prepared you are to pass, the better chance you have of doing so. Make up your mind that you are going to pass the test no matter what. When you adopt this attitude, nothing stands in your way. As obstacles arise, you find a way around them. Never give yourself the option of not passing; giving yourself an out is a sure fire way to fail.

No one will tell you that the CPA exam is easy to pass, even if you are prepared. What they will tell you is that the more prepared you are, the more likely you are to pass. You spent a great deal of time and money preparing for this step in your life; make sure that it wasn’t a waste.

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