CPA Exam Study Guide
Studying for the CPA Exam Q&A
- Create a study schedule and stick to it.
- Take full advantage of early mornings before work, evenings after work, weekends, and holidays to study for the exam.
- Focus on your goals and you will be successful!
Once you meet the educational requirements and are ready to be a CPA, start studying as soon as possible.
Studying for the CPA exam is a time-consuming process. Therefore, if you are still an undergraduate or graduate college student, it is recommended to focus on your degree first.
Follow these steps to re-study for a section of the CPA Exam after receiving a failing score:
- Apply for a new Notice to Schedule (NTS) as soon as possible.
- After you receive the NTS, schedule the exam immediately.
- Use the “Performance Report” that comes with the score notice to identify your weak areas.
- Focus on your weak areas when reviewing. This may mean starting from scratch on those areas by watching the lectures again, reading text, and creating quizzes on those areas.
- Remember to review all topics in order not to forget mastered areas.
- Take practice exams until you receive passing scores.
- Don’t give up!
The anxiety of the CPA Exam intensifies as the exam draws closer. Here are a few tips on what to do before your CPA Exam:
- Use the week before your exam to better understand concepts that are weak areas. Your weak areas should have been identified during quizzes and practice exams.
- Review your notes and take additional practice exams and/or quizzes to conduct an overall review.
- The day before your exam make sure you have everything ready that you’ll need like your identification and Notice to Schedule (NTS).
- Get enough rest so that you are ready to attack the exam the next day!
Passing all four parts of the CPA Exam requires a significant time commitment. A typical CPA candidate spends approximately 300 – 400 hours preparing to pass all parts of the exam which equates to approximately 1.5 – 2 hours per day. However, a more true indicator of the time it takes to prepare for the exam is the comprehension level of the candidate.
Yes, you need a CPA Review course to pass the CPA Exam. One of the biggest mistakes CPA Exam candidates make when they first apply and start studying for the CPA Exam is not having a CPA Exam review course. A review course provides a thorough, consistent, A-Z preparation for the exam.
It is highly recommended to use the most update-to-date materials when studying for the CPA exam. This is because the exam undergoes changes on a regular basis and accounting standards modify.