Overcoming the Top 4 CPA Exam Challenges
There's no better time to invest in your future and pass the CPA Exam. But to reach this goal you may encounter several obstacles, such as time management, motivation, cost, and – of course – overall exam difficulty. We’re here to help.
Well, thank you so much for joining me today, my name is Charlotte Roberts, I’m a senior vice president of e-learning here at UWorld Roger CPA Review. Very excited for you to be here with me today, as I cover not only some information about the CPA Exam, but more importantly, what are the potential challenges that could get in your way as you work through and you start to study for the CPA Exam and then how to overcome them. So today we’re gonna talk about really the top four obstacles that could potentially get into your way. We’re gonna definitely review some of the CPA Exam basics, how to overcome those obstacles, and then why now is a great time to really invest in yourself, invest in your future and begin studying for the CPA Exam.
A little background on UWorld Roger CPA Review and myself before we get started I’ve had the privilege of working for Roger CPA Review for the past 15 years. And as you can imagine over those 15 years, I’ve witnessed significant change to both the CPA Exam by way of the content that’s on the exam and the overall structure, but also the way that students study and eventually pass the CPA Exam. It’s really evolved, especially the last five years. I will say though, that throughout what we’re incredibly proud of is the continued passion that we pour into our students. You, the next generation of candidates, you inspire everything that we do everything from our course platform, our lectures, our high quality questions. We are absolutely obsessed with excellence and quality. We know that the CPA Exam is a huge high stakes exam, and really want to make sure that we prepare the prep materials for you in order to pass that exam more efficiently the first time and do your best on exam day. We have a proven 91% CP exam pass rate. Really again, attributed to our questions, nearing the CPA Exam, our high quality lectures, and more importantly, our smart path predictive technology, our smart path predictive technology is our proprietary technology that students utilize in our course that has helped lead them to pass the CPA Exam three times faster, really excited to show you a little bit more about smart path later in this webinar, and then how it will help save you hours of study time.
So before we talk about the CPA Exam and overcoming the top four challenges, let’s first start with why it’s worth it in the first place. You know, it’s an exciting time to be a CPA for many reasons here that you’ll see up on the screen, but I’d like to isolate more towards the longterm job security and the great flexibility. Over the years, again, really witnessed the profession work towards a stronger work life balance. Of course, you’re still gonna have those busy seasons, but really witnessing more of that work life balance, doing what you love working with AI block chain, more data analytics, really being at the forefront of all the technological innovations that are hitting the profession. And of course, a great salary, a recent study revealed that students that graduate with a degree in accounting and pursue the designation and become a licensed CPA actually over the lifetime of their career, typically earn over $1 million more throughout. So again, great financial benefits, work-life flexibility, and then a longterm job security.
So although it may seem like a big mountain that you’re gonna have to climb when it comes to the CPA Exam, just remember that you could do it if you study, you will pass and it’s all gonna be worth it. So it’s kind of again, keep an eyes on the prize.
So what are the top four challenges that could potentially get into your way? The top four challenges that you see here, difficulty, time, procrastination and expense. I’m sure there’s probably a few here that you completely expected to see and then maybe one or two surprises. We really isolated the top word challenges based on our experience with students throughout the past, what we’ve seen in surveys and feedback, we’ve also received a lot of feedback from many of the recruiters within the firms and the professionals, in regards to what was it that stood in your way or what was it that was you were most nervous about before starting the process?
So if we take a look at each of them, we start with difficulty. I think difficulties the most obvious probably for everyone here today. It’s a high stakes exam, it’s an intimidating exam. It’s not just the sheer amount of content that you’re going to be studying, but the time management of that content, each of the four sections is a four hour exam. So you’re taking all that experience that you learned in school, and you’re cramming it into one large over time, 16 hour test. So the concepts are difficult. There also could be concepts that you’d never seen before on the CPA Exam. Maybe it’s from an elective when you were in school that you never took. So again, overall I think that the CPA Exam in many ways has earned the reputation that it currently has and it’s a difficult intimidating exam.
So, how are we going to help manage that and get you through that experience? Time, a time actually tends to be the one that I see come back the most, especially with my work with professors that have also passed the CPA Exam or worked in the profession. That really seems to be the one that they lean into the most. So gosh, time was just a real struggle. Everything from, again, working your if you’re working already, you’re working your professional and personal life balance, your time to not only manage the process of the application, get it started, working towards being able to sit for the exam, but then also time management within the review course. And then of course, time management, when it actually comes to being in the Prometric testing center and sitting for the CPA Exam. So time’s going to play a factor throughout the entire process, and we really want to make sure that you’re set up to properly manage it.
Procrastination always seems to be the one that once it’s here, I think people go, oh yeah, that is one of the challenges. Procrastination comes up ’cause I think it’s normal, it’s human. We tend to want to put off something that’s intimidating or that may take a lot of time. It’s always feels like the grass will be greener on the other side, or they’ll always be a better day to really start tackling that big project, but procrastination can really trip candidates up. There’s many studies that show that the time right after graduation or as close to graduation as possible is really the best time for you to focus on studying for the CPA Exam and start the process. as time goes on, you start working, you find yourself having to do a little bit more of a work life balance. You start to get more distractions, you get further away from being in that student’s study mode, really putting the time and effort to get into that lane study for the CPA Exam and pass it. So procrastination I’d say, it’s a sneaky one, but definitely it can be a really big hurdle for many candidates.
And then lastly, of course expense, this is a huge investment. Anything that is a large investment, that’s worth it, it’s gonna take that time and financial investment from you. So everything from the investment of the actual pain for the CPA or paying for the four parts of the exam, the application process, and then of course the investment into a CPA Review course. So you definitely want to make sure that you’re a good steward of that financial investment and how to best balance that. So let’s start again, as I mentioned, reviewing the CPA Exam basics.
So before, as we’re going through the hurdles, what are the basics of the CPA Exam? So with difficulty here, we start with the national licensure requirements. So it’s really important to note that each state has its own unique requirements to study or to sit for the CPA Exam, and then of course become licensed in the State. So what you’re seeing here is very typical, so I’m making a blanket statement across the country that you’re gonna need a bachelor’s degree from an accredited college or university, 150 semester units completed per year, during or after passing the CPA Exam. Typically at least 24 semester hours, 36, quarter eight, instead of accounting, it is important to note that some States will allow you to sit for the CPA Exam with only 120 semester units, but yet you need the 150 per license. So again, that’s really where it’s gonna be important that you check with your State requirements. And then of course, to become licensed typically one to two years of work experience under a licensed CPA. But again, each State really defines what that work experience specifically needs to look like according to their own State rules.
The CPA Exam, as you know, is broken up into four parts. We’ve got the four parts where you’ve got financial, audit, regulation and BEC, each of the four is unique in its own way. So I’m gonna start with financial. So financial accounting and reporting definitely has the reputation of being the most intimidating of the four sections. So typically if you’re talking to someone who’s already sat for and passed the CPA Exam, once the conversation of FAR comes up, you’re usually going to get an financial.
I think that’s reasonably, so the financial section of our four-part review course has the most material. It’s got the most content, the most video lectures, the largest question bank, and rightfully. so financial, you’re gonna see all the concepts that you learned in intermediate one, intermediate two, advanced accounting and government nonprofit. So it’s all squeezed into that four hour exam. In addition, you can imagine that you’re really hopping through those concepts, So you may have a question on statement of cash flows, then you’re going to move on to a question about bonds, Then you may have a question related to government nonprofit. So again, it’s not just the sheer amount of content, but being able to navigate through all of those somewhat difficult concepts within the four hour exam.
Then we move into audit and attestation, so audit also it is a four hour exam and with audit, it’s very straightforward, so it’s gonna be much of the concepts that you learned in your auditing courses, maybe you took advanced auditing course, I will say that we do have students that report back that they have plenty of time. So the four hours allocated for the auditing section of the CPA Exam seems very reasonable when it comes to the amount of material you’re gonna be navigating.
Then we get into regulation, so regulation is often referred to as the tax section, but it’s important to note that regulation is actually your tax and law, squeezed together again into one, four hour experience. So it’s really important there, again, to notice that it’s not just the tax section only, but you’re going to get all those business law courses that you also may have taken, squeezed in there. We do find that many students report, they really maximize the four hours on that section of the CPA Exam in the testing center.
And then we get into BEC, so business environment concepts can often be referred to as a brand popery. So it’s a wide variety of concepts that they’ve put together, financial, if it has the reputation of being the most intimidating and the most difficult, I’d say BEC often has the reputation of being the lightest or the easiest of the four. It’s important though that you know, although it’s the least amount of material in a CPA review program. It doesn’t always make it the easiest, so there’s gonna be a lot of concepts there that you may not have seen for a while, it also has where cost accounting is gonna show up on the CPA Exam, and then more importantly you’ll see that there is a written component to the CPA Exam and it’s actually on the BEC section.
So you can see each are unique in their own way. They’re each a four hour exam. You have 18 months to pass all four parts and total time when done with the CPA Exam, it’s a total of a 16 hour testing experience.
So with the four parts of the CPA Exam, I feel, a lot of students and a lot of candidates understand the four parts, but the bigger question is, how is the exam designed? So we have the CPA blueprints here, and if you’ve never researched or seen the blueprints or know exactly what they are, they’re really important not only for us at UWorld Roger CPA Review, I mean, really, they dictate everything that we do as we’re writing our questions and filming our lecture videos. But it’s important for you, the candidate to know what they are because essentially that’s, what’s designing the CPA Exam. It’s like going into a class and starting a class and not getting a syllabus and not taking a look at what you’re gonna be learning. So with the blueprints, the AICPA every few years, solicits it’s feedback from your professors, from those that are hiring the next generation of graduates, that the candidate themselves, the CPA review courses, and basically what they’re soliciting from that huge group is, does the CPA Exam properly reflect what is gonna be necessary for a newly licensed CPA to know?
So what are the skills needed, not at the partner level or five to 10 years within the firm, but really within those first two years on the job or your first two years in the profession, is the CPA Exam still as a computerized exam, properly reflecting the skills that are going to be required of you. So a few years ago, a lot of the feedback overwhelmingly was that it needed to reflect more higher order skills, so stronger, critical thinking skills, that’s just the way the profession has evolved and what the CPA Exam needs to include in testmore. And so how will they design that exam? And what’s come of that? So we get the AICP blueprints. So what you’ll see here is on the blueprints we have, it’s called a representative task.
So we’re in audit in this example and what’s the task at hand? So what are you going to be tested on within this section under audit? And then you’ll see four skill levels. So the four skill levels, if you look at them as a pyramid with the base being remembering and understanding is the critical thinking skill level. So remembering and understanding is at the bottom, it’s the basic level there. So think a lot of flashcards, pneumonics you’re gonna see remembering and understanding tested on the CPA Exam by way of multiple choice questions. So that representative task is what’s commonly gonna come up as a multiple choice question. Then we move up the pyramid. So then we get into applications, so we’re getting a little bit of a higher order here on the critical thinking. So can apply the representative task. Application level is tested at both in multiple choice and in task-based simulation type questions, moving on up, we get into analysis. So can you analyze the situation in front of you. If you think about it, that’s much more reflective of what you’re gonna be doing within the profession. I don’t come to work and take a multiple choice quiz. I come to work, a problem is presented to me, I’m analyzing the problem and I’m providing feedback.
So we’re starting to get into a little bit of a higher push on your critical thinking. The analysis level will actually be reflected on the CPA Exam through the task based simulations or the TBS. And then the very top is the highest order, and that is evaluation. So can you provide an evaluation of the representative tasks? So it’s really pushing you all the way to the top evaluation will only be within task based simulations on the CPA Exam. And at this time out of the four parts audit is the only of the four that tests all the way up to the evaluation level. So again, if there’s one thing that you really walk away from today with the webinar, I hope it’s some new information about the blueprints. why they’re important to you, but more importantly, what is gonna be on the CPA Exam and how is it organized? So as you can imagine within UWorld Roger CPA Review, I mentioned earlier, this dictates everything we do. So we live and breathe by these blueprints to properly reflect that we take the representative tasks that you’re going to experience on the CPA Exam, and then write really good questions and content to make sure that you’re fully ready for the skill set that you’re going to be tested come exam day.
Number one question that I get asked most by both professionals and students, whenever I’m visiting campuses is given the four parts of the CPA Exam, given the flexibility of which order I can take it in, what is the suggested order by UWorld Roger’s CPA review? So it’s FAR, we definitely say to start with financial first for a few reasons. So first is I’ve mentioned, it is the most intimidating, it’s the sheer amount of content that you’re gonna be working with within financial, but also keep in mind that there’s quite a bit of overlap amongst the four parts on the CPA Exam that students don’t always know about. And if you think of financial with it being a lot of the concepts that you aren’t an intermediate one, intermediate two, yes, up to advanced and government nonprofit. Think about that intermediate one and intermediate two, those are often considered your foundational courses. In fact, they’re often the pre-REGs before you move on to the higher electives. So financial is a great to get out of the way because it is again, it’s the largest of the four. It’s kind of the beast amongst four. Let’s get that out of the way, but then also perspective let’s really use it as your foundational section before you move on to the other three.
And we start getting into your second section, either as recommended as audit or regulation based on either your professional or your academic strengths. So for example, there is, let’s say that you have a passion for audit, you did very well in those classes, you did an audit internship, and now you are on your way to working within the audit department at the firm. You’re gonna probably pick audit as your second, it’s your professional and academic strength, or conversely, maybe you found a passion for tax. It comes easy to you, you just see it, that’s where you really like to thrive, that’s where I would say to go second is to the regulation section.
Then with your third part, you’re actually going to do the opposite of whatever you did second. So in my example, if you’re headed into audit within, and that’s your passion, you’re gonna go financial, audit then regulation, and then lastly, you’re gonna bring it on home with BEC. So BEC being the least amount of content, it’s gonna be real nice, especially if you find yourself closer to that 18 month window, that you’re going to say that one for the grand conclusion versus the financial, for example, being the most amount of content. So you’re going to bring it on home with BEC. I will also share that many students will ask or candidates will ask, how can I combine these orders or what can I do here?
So typically students study for a part, take apart, study for a part and take apart. However, there are ways that you can combine to condense your time. So for example, with UWorld Roger CPA Review, we provide different study planners. So we have a three month plan, six months, nine months, 12 months and you basically tell us, what’s your goal, I wanna pass all four parts in six months or 12 months. And then we provide a study plan for you to follow in order to accomplish that goal.
A great example that I have would be many candidates that like a nine month plan. So for a nine month plan, if you take the year and you break it into three quarters, so three months, three months, three months, I often find that we will recommend for students to take FAR by itself. So just study for FAR, take FAR, then depending on that professional academic strength, the regulation or audit pair BEC. So you just do far in the first three months, your second three months here, maybe do audit and BEC simultaneously studying for two parts at once, and then bring it on home in your last three months with regulation.
So that’s just kind of, again, a high level one way that you could condense your studies to pass the nine months, but again, in the Uworld Roger CPA Review course, we have study plans across the entire spectrum, depending on your goals. So time management, as we mentioned just now is that, you’re gonna study for a part take apart and you’re gonna go in a very specific order. When it comes to time management on the actual exam, this is where you’re really gonna be pushed within that four hour test.
So great, it’s a four hour test, but Charlotte, what is that four hours going to look like to me? And how am I gonna manage that time within that could really seem like a black box. So that’s what we’re looking at right here today. So if you’d look at the four parts, I’m gonna stay with financial. And what you’re gonna see is within each of the four sections you’re gonna encounter on the exam in the exam day, five testlets. So within the five testlets, testlet one and two on all four sections are gonna be where you’re gonna see your multiple choice questions. Now, within those templates, you can see on financial, I’ve got 33 multiple choice questions in testlet one. Now on the actual exam, I can go from question one to question 10 question 33, I can hop around as much as I want within those 33 questions, but then when I move on from testlet one and go on to testlet two, I can not go back to testlet one again. So you can see that it’s going to force you downstream as you go through the exam. What you’re seeing as far as the column, where it says the time allocation. So for financial 45 minutes, that’s our suggested study time as you’re going through our program. And I’ll show you here in a few moments in exam simulator, on average, what you should be doing, how much time you should be allocating to testlet one. So in that example, if I’m in testlet one, and I’m working through the 33 multiple choice questions, and I’m getting close to the 45 minute mark, and I’m not near done with testlet one and ready to move on to testlet two, I’m gonna run the risk of potentially running out of time, I’m having some time management concerns. However, if I’m done with the 33 questions and testlet one in my practice, under the 45 minute mark, and I’m moving on to testlet two, I’m ahead of the game. So that’s really important as you’re practicing within our review course to really have a strong hold on your time management, not only through the program, but through our exam simulator, where you’re actually going to be testing and practicing as if you were in the real CPA Exam environment.
So again, testlet one and two, we’re practicing all of our multiple choice questions. Then testlets three, four, and five are gonna be where you’re gonna see your task-based simulations. So again, remember I emphasize that we’ve got greater emphasis on the task based simulations than the multiple choice questions, as far as what you see with the testlets. The exception is testlet five on BEC is where you’re gonna see your written communication questions. But very similarly to what I just explained on the testlets with multiple choice questions, we can see here on testlet three, financial, we’re gonna have two test based simulations, and on the time strategy, there’s about 30 minutes, so 15 minutes allocated to each of those tasks basins, and then I move on to testlet four and five. So this one that gives one of my favorites as well, whenever I’m talking to candidates or students, because I do feel that everybody is aware they’re four hour tests, but what exactly is it going to look like what’s expected of you? And then how do you effectively manage that four hour test for each of the four sections? So another with time, as I mentioned earlier, we’ve got time management, not only on the exam itself and within the review program, but then time management of the entire process of graduating, applying for the exam, paying for the fees, scheduling your exam, and then eventually of course, sitting for your exam.
Some great news that we received April 1st is that starting July 1st, we are for the most part is a nation moving to continuous testing. So what that refers to is if you’ve talked to candidates that have sat for the CPA Exam prior to July 1st, you may have heard about blackout dates. So blackout dates, were dates that you could not sit for the CPA Exam and they were just blacked out. So you couldn’t set at the Prometric testing center and they actually were quite a big hurdle for many candidates. Because when you’re ready to sit for the CPA Exam, there shouldn’t be that component of note, those weeks just aren’t available. So really excited that now the exams offered year round, we don’t have any kind of quarterly restrictions, if you do find yourself in that situation where unfortunately you didn’t get that 75% in the pass you can immediately retake sections instead of having to wait a few weeks, if not months, and so it’s really important that students can continue to keep it top of mind. So more importantly as you’ll see, it helps shorten the amount of time to pass the CPA Exam and obtain licensure. You will see here on this map, it’s important to visit NASBA and their website, and Prometric quite often is this is a continuing, it’s an evolving situation. So with continuous testing, you’ll see here that the State’s in green at this moment in time, do you have continuous testing in place the States in yellow, its the transition, the legislative transitions in progress. So it doesn’t mean that it’s not going to happen, it just means that there, you can imagine it’s working through the government and all the legislation in order to pass this. It’s taking a little bit more time, and then of course we see the red is not currently in progress, but that does not mean that with time, they will not progress there.
But very excited for you, the candidate that we as with NASBA AICPA we’ve all to continuous testing for the most part across the country. Now time management has always been an important factor and a potential obstacle for students to overcome when it comes to the CPA Exam. But I’d say especially for this year, for 2020, I mean, of course, we’re experiencing a global pandemic, and no one saw this coming and there’s been such a significant amount of change to our personal and our professional lives, our calendars where we’re focusing our time and energy. And there’s been some minor disruption, but I’m really happy to see that we’re normalizing a little bit more especially when it comes to getting back on track with the CPA Exam. But the CPA Exam and being able to test of it, was not excluded out of being disrupted from COVID-19.
So there are a number of updates with related to the pandemic, for you the candidate is good news is that as of May 1st most Prometric centers started opening up, now again very similar to many other things, they are obligated to meet the local, regional guidelines and regulations, but across the board, we saw many start to open up anywhere between May 1st through May 31st at different kinds of waves. It’s really important that you visit your own State in order to see what the requirements are and the dates, the actual testing center locations, you can visit NASBA, and Prometric because as you can imagine, it is a evolving situation. It is important to note that when your testing center opens and they resumed scheduling, and you’re able to sit for the sections of the CPA Exam that you are prepared for the social distancing protocol that is in place. So for example, as students are gonna be separated six feet apart, you will be expected to wear a mask during the four hour exam. So actually for that, we’re recommending that students in our program, as you’re practicing for exam day, that you actually practice wearing a mask. So you wanna be in that true CPA Exam environment that you’re gonna experience and in light COVID-19 the experience has changed and you’ll be expected to be wearing a mask while you’re in the testing center. All the same protocols will still be in place to get in and out of the Prometric testing center, it’s almost like airport security, but even stronger. And now even more with COVID-19 you can expect potential taking of your temperature, hand sanitizer. So a lot of that, what we’re seeing across the board within other situations. Emergency quarter two testing period, has opened.
So number I mentioned earlier, there was blackout dates June 10th through June 30th and does have actually been opened. And then as of July 1st, we moved to continuous testing, notice to schedule expiration dates, they are being extended. You will see there’s an asterix there because again, really important that you check your own State policy. We’re finding that some notice to schedules with expiration dates of April 1st through December 30th with some States are actually being extended until December 31st. So that’s a real big window. So anyone expiring between April 1st and December 30th or being extended to December 31st, we’re also seeing some States have put into place expiration dates April 1st through June 30th have been extended until September 30th. So it’s gonna be important that you know, which what your state’s rules are and the notice to schedule extension dates. And then of course, Prometric, we’ll waive all rescheduling fees and as expected during this, but great news, especially because a CPA’s are considered an essential function and essential profession within our economy and in our nation.
And so as soon as they could get the testing centers opened again, really watching and seeing Prometric and NASBA, and the ACPA really opened those doors with all the proper protocols to ensure that you can get back on track. So with the national average pass rate, many people don’t know the national average pass rate is 48.5% when it comes to the CPA Exam. As you can imagine us that UWord Roger CPA review, we are really looking to impact that 48.5% and help students, one student at a time, one school at a time, really continue to increase that national average. With UWorld Roger CPA Review, we have a 91% pass rate, we’re incredibly proud of that.
Again, just remembering that you’re not have to be a genius to pass the CPA Exam. You need a 75% or better in order to pass the exam. And our goal is to get you through that process and then help you move on and start enjoying all those benefits of becoming a licensed CPA and reaping all of those rewards. And not only as an important too, that we’re working towards helping you pass the CPA Exam but we want to help you pass the first time. So I want you to join that 91% of students.
So now am going to switch gears alittle bit and I would like to saw you the UWorld Roger CPA Review course, am gonna dive into our Elite-Unlimited course package, the Elite-Unlimited package is definitely one of the most popular packages within UWorld Roger CPA Review, covered with everything that you need in order to pass the CPA Exam. And then of course it’s unlimited access, that’s one of the key features of the Elite course, so it’s never gonna expire on you.
So I’m gonna show you some different features here within the Elite course, and we’re gonna walk through a couple real exam questions. So I’m gonna jump right into the financial section, because again, that’s definitely where we’re gonna start, if you were starting from scratch on the process, and we’re immediately taking it into the question bank. So this is where you’re gonna spend significant time in the program, really working through overcoming the obstacle, both of the difficult concepts, but then also the time management. So there’s two options that are given here with the create test I’ve got the practice test and I’ve got an exam simulator. So I’m gonna start with practice mode and within practice mode, there’s a variety of features that are gonna help me as I’m continuing to learn the material, so I can do tutor and I wanna do time. So tutor is, as I’m going through the practice questions, do I want that feedback along the way? Do I wanna know if I got the question correct, incorrect and then explanations. And then within timed again, time management is gonna be throughout, I wanna know how long it’s taking me, and basically, I want the clock ticking so that I can make sure that I’m starting to work through mastering the questions at a quicker rate. I can choose the question type that I want to build for my quiz, and am I gonna be multiple choice questions, task-based simulations, or task-based simulations without research, question mode, what kinds of questions do I wanna see at this point of my studies? Am I gonna look at unused, incorrect, marked or a custom? And then of course all the different chapters I can work through all the chapters together or one at a time. So for this demonstration, I previously built a quiz on basic concepts and financial statements.
So I’m gonna go to one of my previous tests, again, a great way that you can see it, you can just pick up and resume where you left off, and I’m gonna resume the quiz, and I’m gonna resume on question one. So within question one, what we’re looking here is you can see this is a, as I mentioned earlier, a multiple choice question. So I’ve got a question at hand, which of the following is not an objective of financial reporting, and then selection of ABC or D. So within this example, it’s important that you see how streamlined the screen is, you want no surprises on exam day. So we’ve taken that blueprint, that representative tasks, and we’ve written the question to properly help train you up for the CPA Exam, but then also this is the environment here. So within you’ll see, I selected questions C and the correct answer because I’m in tutor mode, it’s telling me that is actually A. You’ll see that there’s a percentage next to each of the answers, and that’s letting me know compared to other students working through this question, how many are selecting the correct answer, and then how many are selecting others. So you’ll see C is quite popular, it’s very close to the correct answer, which is probably indicating it’s a, could be a potentially a tricky question, if students are toggling between A and C, but because I’m in tutoring mode, what I do see here, is that I’ve already asked for it to show me the answer. So I’ve worked through the problem and I wanna see the answer. This is where much of the learning actually takes place.
So you’ll see here, I’ve got a nice visual at the top, a re-explanation of the concept, and then more importantly, not only why is question A or is answer A correct, but why are B, C and D incorrect? or is answer A correct, but why are B, C and D incorrect? Sometimes that’s stronger is knowing why they’re incorrect as you’re working through the problem. So it’s really important to read, and you want the explanations to be very concise and thorough, and you can see that here in this particular example within the UWorld Roger CPA Review course. I’m also left with the things to remember, so this is a great take away, and with things to remember, one of my things that I really liked to do is make that one of our flashcards. So you can see, that I’ve highlighted things to remember, and I can do add to flashcards, so I’m gonna add it to my flash card, and we see the concept here, so I can make this the front or the back. Let’s say that I wanna make it the back, and then for my particular flashcard, I’m gonna make this, and I can save that flashcard, and now that digital flashcard, I have access to within my course, and I have access to on my mobile device, because it’s a digital flash card. In addition, another feature here within the answers is you’ll see that there’s a link.
Let’s say I’m working through this problem and I’m really struggling and I wanna go back into the course and I wanna see what part where Roger Philip, CPA, CGMA or had lecture, what part where Roger Philip, CPA, CGMA or had lecture, I wanna see the video where he’s lecturing on this particular concept. I can actually link through to the videos here as well, which I’ll show in a moment. But this is an example here, of one of the multiple choice questions where you can see a very thorough explanation. Again, here with question two, I got it incorrect. B is the correct answer, and then we see here again, a clear, concise, thorough explanation on why not only B is correct, but A, B, C incorrect. I see my things to remember and then also my link to the lectures. So at the end of my quiz, I submit my test link, and then I get my results. So you’re constantly told throughout the program, where you’ve come from, where you’re at and where you need to go by all the data that’s provided. So I can see here percentage correct to others, how much time I spent, and then if needed, if I wanna go back and see exactly, what was the question that I got wrong? What was that question again? Through here, I can also go back and view the question that way as well. So it’s a very intuitive design with you in mind.
Now I’m gonna go back to the question bank again. And in create test mode, remember that was multiple choice questions, let’s take a look at a task-based simulation. So again, I’m gonna go to a previous exam, our previous test, and I’m going to resume. I’m in again, a financial accounting and reporting. And within this section, I’m going to look at questions four and five, so this is a task-based simulation. So remember earlier when I was talking about a document review simulation, as being one of the TBS’s, this is an example here.
So within this example, I’m provided a variety of exhibits and I’ve got, my problem is you’re a new supervisory accountant at Sportsman Company, reporting to the controller. On my second day with Sportsman Company, it’s only my second day, a junior accountant quit his job with no notice. One day later, it’s time to prepare closing entries for March. The controller has asked me to review and correct, if necessary the general ledger account for accounts receivable prepared by the junior accountant. So it’s the problem at hand, I’m gonna review the general ledger account for accounts receivable, prepared by the junior accountant. And ensure it’s accurate and consistent with the information and documents provided. Report my findings, including any changes you deemed necessary to the Sportsman Company controller. So within this example, what I’m doing is I have all these exhibits to help me. And then the task at hand is I’m going to be clicking on a preview request, I’ve reviewed the air general ledger balance prepared by the junior accountant. I’m going to be clicking on my reporting of the findings. And with the DRS as I select it, I am expected to select the answer, do I wanna keep the original text, delete it all together, or choose one of the alternatives. Now with this example, I’ve already chosen to reveal the answer to myself, so I already can see the answer. But you can imagine you’re gonna click through each of them, you’re gonna go through a very similar process, again, working through the problem and the answer, based on many of the exhibits that have been given to me. So at the end, I sign it off, regard CPA candidate, so that I can see the correct answer, my answer, and then again, upon revealing the correct answers, I have again, a thorough explanation on each of the lines on why it’s correct or incorrect throughout. So that’s just one of the task-based simulations.
Again, very similar here, this is a task-based simulation. Same thing there you’re exhibits. And with this based on the information provided, determine the following amounts and enter all amounts as positive numbers. So in this task-based stimulation, I’m expected to fill in amounts. Obviously I haven’t worked through this problem but if I was, I would show correct answer. And then again, I would see the correct answer compared to what I inputted and then a thorough explanation of each of the rows and why. So that is two examples with financial of a task-based simulation. Again, all dictated to our content writers based on not being exactly to the blueprints and the tasks at hand. So if I go back again to the question bank we saw, we just worked through a multiple choice question and a task-based simulation practice exam.
And now, I wanna show you one of my favorite features, which is the exam simulator. So remember on that slide where we looked at the the testlets, the five testlets on the CPA Exam. And we said, testlet one, two, three, four, five is what the exam simulator at UWorld Roger CPA Review. This is provided with unlimited access. So you can access the exam simulator as many times as you’d like. Some other review programs, they have a, actually a cut on how many times you can go through the exam simulator. So for ours, you can go through the exempt simulator unlimited amount of times. This is where as you get closer to sitting for the exam, this is where you’re really gonna wanna sit down and start practicing that four-hour test. So you can see here, I’m gonna start my exam and it’s going, I’m not gonna be in tutor mode, I’m not gonna see the answers the way and I’m really gonna be preparing, am I ready for exam date by practicing the exam simulator. So it’s a key feature that you’re gonna wanna work through so that there’s no surprises on exam day.
So that’s a little bit more about our question bank. Let me shift gears into our lectures. Many of you may have seen a video from Roger Philipp, on YouTube or potentially on our course, or you’ve done our free trial, and been able to witness really the way Roger Philipp teaches concepts in a way that you’d never seen before. So within the full course program, we’ve got all the lecture videos, all taught by Roger Philipp. Everything’s ranging from everywhere from two minutes to about 30 minutes at max. What I really like to point out here is you’ll see where we see a link to a video. So this is a video of that’d be standards and frameworks. Is when you see a video that says class questions, those are my favorite because within those videos, what we’re gonna witness is we’re gonna witness Roger, not only teaching the concepts, but here, he’s gonna take a few questions out of the question bank, and he’s actually gonna work through them with you. So he’s looking at the question, and especially if you learn through doing and watching, he’s gonna explain every concept to you as he’s working through the problem. So again, Roger really teaches in a way that you’ve probably never learned before, and known for breaking down the most difficult concepts, making them easier to understand especially using industry renowned memory aids in maths. So again, even without the volume on, you can see a Roger’s energy and motivation. If you’re not really motivated to study, you’re not gonna pass, so Roger’s one of the most motivating lectures you’re ever gonna encounter. You’ll also see our eBook along side. So you are provided with the Elite course with the physical textbooks but then you also have the eBook side by side. All right, so we definitely, looking at the difficulty to overcome the difficult challenge, you’re gonna have high quality questions and then also the lecture bank.
Let’s get back into time management. So time management really is gonna be focused on our SmartPath Predictive Technology. So SmartPath within UWorld Roger CPA Review, is our technology that we’ve utilized, taking all of the candidates and all the students that have come before you and really buying their data. What did they do, what were their scores that eventually led to them succeeding and passing the CPA Exam more efficiently? With SmartPath, we’re gonna be providing you two key targets. Again, you’re always gonna know where you came from, where you’re at and where you’re going. So the two key targets is your scores on your quizzes and the number of questions that you’ve been practicing. So in my example here on basic concepts and financial statements, my target score is to get an 89% on my quizzes. And my target questions is to have practiced through at least 67 questions.
The reason why SmartPath is so important for candidates is because many times students approach the CPA Exam thinking, I’m gonna do every question two or three times. That’s how you study for the CPA Exam. I’ve got to drill these huge question banks. And actually that’s very bulky logic. You can actually overstudy and trip yourself up. What you wanna be doing is the right amount of questions at the right time and confidently know when it’s time to move on. A good review course, you should never have to do all of the questions over and over and over in these massive questions drills. At the same time, you wanna also get the proper scores. So for example, some students may take a quiz and get a really great score on a concept and think, I’m killing it, I’m getting a great score, it’s time to move on. SmartPath will actually say, hold on. You may be getting really great scores but you haven’t seen enough of the different types of questions for that particular concept. So you bring them both together on, you need to be getting the correct scores, but also see the proper breadth of questions. Once those two targets come together, SmartPath will encourage you to safely move on. So it’s gonna really help again, with that three times faster efficiency, you know exactly where you’ve come from, where you’re at and where you’re going. So on my example with my status, I can see I’m making progress. I’ve done a decent amount of questions so practicing through the questions, but my score needs to improve. Even though I’m doing a lot of questions, I’m not getting the scores that I should be getting. So again, it’s gonna give me a very strong suggestion on I may need to be spending some more time reviewing lectures, reviewing the eBook or again practicing more quizzes.
In addition to SmartPath keeping you on track, we also provided referenced earlier study planners. So within our program, you have a three-month, six-month, nine-month or 12-month study plan. You let us know what your goals are, how soon do you wanna pass the CPA Exam or do you need to pass the CPA Exam? And you’re provided a very specific, a customizable planner that you can work through your life, depending on how much time and how much, how much time really that you need to focus in order to stay on track. You’ll also see here a few more features in the course, is I mentioned earlier, we can get back to my flashcards and notes.
With this program, we also included the cram course. So if you haven’t had a chance to go through our free trial, I highly recommend so that you can go in here and see again, a couple of question examples for yourself, start navigating around SmartPath and some of the flashcards and of course watch some of the lecture videos. But again, everything here is included in order to ensure that you pass the CPA Exam the first time and become part of that group with the 91%. So I’m gonna resume that over here into the deck. Everything that you just saw is available, because of time management, is also available on your mobile device.
We are really proud of this, we launched this last summer, literally everything I just showed you. Your SmartPath Predictive Technology, your Roger Philipp lectures, your multiple choice questions, even your task-based simulations. You can work through on your mobile phone so you can make any moment a study moment, and it’s always with you everywhere that you’re going so that you can just pull up your course and start studying.
So you definitely, again, time management is such a huge hurdle that we wanna make sure that you can overcome that. Procrastination, we started talking about procrastination at the beginning and now here it is again, since we’ve navigated through time management, difficult concepts, procrastination is, you just definitely don’t want it to trip you up.
Now is a great time to start studying for the CPA Exam. You can really invest in yourself and more importantly, your life is not on pause. There’s ample opportunity, the entire program is online, and really what it can do is it can set you apart. So amongst colleagues or amongst recent graduates, the fact that you started the study process and you’re working towards accomplishing that goal, you have a plan, you know what the goal line is and you’re working towards it will really help you. Talk to a lot of recruiters, especially for those that are just now graduating school. And even just listing that you’ve set your goal and your exam date and you’ve started the process can set your resume apart. The clock is always ticking. Life is going to continue to get busier. So as I mentioned at the beginning, you really wanna invest in yourself now and your professional goals. I
n addition, you can set yourself apart by also, if you’re a current student, that you can purchase the course and start utilizing it within your current classes. So again, it never expires and so you can start accessing the lecture videos and the quizzes, and even get even a further jumpstart on it. So lastly, thank you for your time being here today. I hope you walk away with some new information, either about the blueprints, which of the four parts to study.
Remember that those four obstacles, there are ways to overcome them. We do help you throughout at UWorld Roger CPA Review. Whether it be difficulty, time management, procrastination starting now, or the expense of the review course. Success is yours, it’s ready for the taking to grab it. I don’t want you to put your life on hold. There’s no better time than now to start investing in yourself and get started with the process. So thank you again for your time today and I look forward to staying connected.
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