CPA Exam Study Motivation with August 2017 CPA Exam Score Release - CPA Reviewed #79
 

 

Holi - I am a recent college graduate going to work for a Big Four Accounting Firm in the fall. Because I have some time before then, I budgeted four months to take all four sections of the CPA. I started with the beast, and I studied for FAR. I really put in the time and took the exam last week. But I cannot shake the feeling that I failed and it's weighing heavily on me.
Because of the new exam format and changes, however, my score is being held for 10 weeks -- until mid-August. By then, I would have hopefully taken all four sections without knowing any of my scores. This is a terrible feeling because I am starting to become unmotivated without knowing if I am tracking score wise. And worse case I fail, I would have to restudy old material instead of it being fresh in my mind.
How do I stay motivated not knowing any scores? Should I take FAR again before I get my CPA Exam score back in Aug just because I think I failed -- and while it's still fresh in my mind? (What about the financial burden?)
Ed - I graduated college in 2006, took the summer off and then started studying. I took all 4 parts and failed.
Then I took auditing and FAR and passed. I could not pass BEC and Reg before losing credit. Two years had gone by and I gave up. Now I am looking to get back into the studying and passing the exam. For the four sections of the test, what order should I take them?
Priscilla - I am currently studying for REG using Roger CPA Review and I am a divorced/single mother with a 5yr old Princess. However, I am currently NOT working so I can completely focus on my CPA Exam. I am sitting for REG on May 30th, 2017 and I am currently on Section 5 Estates, Trusts & Gift Taxes out of 21 Sections.
How should I tackle the rest of my studying? I am nervous and believe it's way too much material to cover by May 30th, should I reschedule REG for July 2017?
(I graduated with my Accounting degree in 2008 and will be doing my MAcc once I am done studying for my CPA Exam).
Hany - I have a question for AUD. When an external auditor use the work of internal auditor. To whom does an internal auditor should report ?
Frank - Probably I'm not your typical CPA exam candidate. I'm in my late 30s I have a senior corporate finance position and have been a finance director in several countries. I have decided to take the CPA and in the past 4 months, I was able to pass AUD and BEC.
Currently, my time is flexible and sometimes I can study during the day.
I have been offered a senior position as a regional FD for an international market.
Likely this opportunity will disrupt my studies.
What would be your advice, take the new role or pass the 2 exams and then see what happens job wise? My AUD credit will expire in August 2018.
Daniel - I have 14 days to study for audit, unfortunately, kept delaying the exam due to work (internship), I am now free from work. Is it double to finish audit in 14, I have bought the ninja notes and was wondering if I should even watch the Becker videos or just do ninja notes and Becker MCQ.
Tracy - I am scheduled to take Reg on July 3rd, all CPA reviews say that first have of year tax is from 2016 info and second half is for 2017 year. So here I am thinking I am going to have to restudy in 3 days these changes! How familiar are you of this transition in the past with candidates along your journey? I know it shouldn't be major changes- mostly thresholds and stuff. however this is the CPA and I walked out of BEC thinking it was easy only to open the score to see a 75. So you can understand my concern :)
Also..... with these changes when will you be updating Ninja Notes (if you say July 1, I may cry:)) I hope to do a re-write about 2 weeks before and think it would be awesome if updates are released before to get familiar with the different but similar material.
Thanks for your response and keep up the great work!