Studying For The Uniform CPA Exam

studying for an examNo matter how old you are or how much you’ve achieved in your career, the prospect of sitting for an exam continues to be a nervewracking idea. Can you remember how nervous you used to get every time your teacher would announce a pop quiz, or when you were about to take final exams? How about the times when you took entrance exams for college?

Every test you ever took in your life was a challenge because it signified whether or not you would be able to move on to the next level.

So imagine just how important the CPA exam is. Whether you pass or not determines whether you are a certified accountant and are therefore able to work as one. It also signifies that you have a thorough understanding of the relevant concepts that will allow you to do your job properly.

The CPA exam consists of four sections, namely, FAR (Financial Accounting and Reporting), AUD (Auditing), REG (Regulation), and BEC (Business Environment and Concepts). You can take these sections in any order; the important thing is that you finish all four within 18 months from the time you receive your first passing mark. Make sure to use your time wisely and try some useful tips to help you while studying for the CPA exam.

1. Organize. Get your study materials in order, and establish a sound schedule which you will follow as you study for the CPA exam. You also need to have a separate notebook because you will want to take notes as you review. Keep those notes handy for when you’re elsewhere, say, waiting to meet someone or standing in a long line at a coffee shop, and read them–much better than lugging around countless books to peruse.

2. Prioritize. You need to start reading a certain chapter. But there’s also that cool new movie you’ve been wanting to catch. At this point, the important question is whether watching the movie is more important to you or if acing the CPA exam is your priority.

3. Take practice tests. Practice tests can help you determine your weak points and which topics you still need to focus on.

4. Be flexible. Sometimes you get to stick to your study schedule, sometimes you don’t. If you’re a very busy person with a lot of responsibilities, emergencies might pop up every now and then. Handle those emergencies if no one else can, and then go right back to studying. There will always be important things that could derail your study schedule. Acknowledge that they could happen, and when they do, remember that all you need to do is to get right back in the saddle and continue reviewing.

5. Enjoy a change of scenery. If you’ve been studying in the same place for months, it might feel like it’s torture every time you have to go there. Get fresh air and a new perspective by studying in different places every now and then.

6. Taking time out to rest is important throughout the entire review process. If you give yourself a few hours each day to study, you should also give yourself regular breaks. You won’t be able to retain any information if you’re already exhausted, and you certainly won’t get any studying done if you wear yourself out to the point of getting sick.

Finally, while you’re studying for the CPA exam, don’t focus your mind on the possibility that you will fail. Yes, that possibility may still exist no matter how hard you prepare. But keep in mind that you always have the option to take it again–and do better!

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