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YOUR CPA EXAM STRATEGY |
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We believe you should take full advantage of the new rules which allow candidates to take the Exam one part at a time. One of the most difficult aspects of taking the Exam before 2004 was that all sections had to be taken in two days, with a minimum score of 50 on all sections required for any passing score to count. Candidates were forced to prep for all four sections at the same time; the result was high stress levels and low passing rates. We believe that it’s now critical to take each part only when prepared, and to avoid studying for several parts simultaneously. It’s difficult enough preparing for one part; you don’t want the burden of three or four! We have staggered our course offerings throughout the year accordingly, with at least one week between the end of one course and the start of the next. That gives you time to review the course materials and to sit for that section, before turning your attention to the next section. We believe you should consider sitting for your second section within two months after your first section. Some candidates do not begin preparation for a second section until receiving notice they have completed their first section. They often have only 15 months remaining to complete the other three sections, and they haven’t started any preparation! This is risky, as 15 months may not be enough time; credit for the first section is lost 18 months after the date that section was passed. We believe all four sections are rigorous, with passing rates approximately 40% for each section. However, preparation time required to pass FAR is usually the longest, followed by REG. So don’t leave FAR for your fourth and last section...prepare for and pass it early! Click here for a full strategy guide |
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