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Who has taken the CPA exam lately?
Posted on 3/25/10 at 3:37 pm
Posted on 3/25/10 at 3:37 pm
I'm seriously considering biting the bullet and going for it since they're changing it up for 2011. Any study suggestions? Lately I'm seeming to think that getting those three letters will probably earn me more money than my law license.
5
Posted on 3/25/10 at 3:46 pm to AbsolutTiger
I took it from July-Oct 09. Get Becker standard package and make the most of your $2200 investment, eg use the books and do all of the questions in the software. Watch the lectures if they cover something that you aren't familiar with, otherwise, just read the books, as the lectures are more or less verbatim from the books. It won't mean anything if you are practicing law though, someone still has to sign off on your accounting experience at some point.
Posted on 3/25/10 at 3:49 pm to kfizzle85
I was looking at the Becker suggested time frame so I'm thinking taking it July to November.
I'm not per sevpracticing at the moment. I'm in a corporate tax dept with a CPA over us all. So I'm about 7 months into my year.
quote:
It won't mean anything if you are practicing law though, someone still has to sign off on your accounting experience at some point.
I'm not per sevpracticing at the moment. I'm in a corporate tax dept with a CPA over us all. So I'm about 7 months into my year.
Posted on 3/25/10 at 3:52 pm to AbsolutTiger
Oh I'm sure you're fine on that part then. I would do it and aim for then, assuming that's not a busy season for you of some sort. 1 - 1/2 mos for FAR, 1 mos (probably less for you since you work in tax AND you're a lawyer) for REG, 3-5 weeks for AUD, 2 weeks for BEC. Take a week off in between. That's about how I did it.
Posted on 3/25/10 at 4:22 pm to AbsolutTiger
Becker is money. definitely take that shite before 2011. fo sho.
Posted on 3/25/10 at 4:28 pm to Boh
I get mixed up on all the changes. I know IFRS stuff starts in 11, but I think the format changes are coming in 2H of 10. ETA: Nevermind, its all in 2011.
This post was edited on 3/25/10 at 4:30 pm
Posted on 3/25/10 at 4:54 pm to kfizzle85
quote:
get mixed up on all the changes. I know IFRS stuff starts in 11, but I think the format changes are coming in 2H of 10. ETA: Nevermind, its all in 2011.
What are the differences besides the IFRS? I don't think I'll be able to take the CPA exam until early 2011.. maybe late 2010 at the earliest. I'm assuming the exam will be harder in 2011?
Posted on 3/25/10 at 5:10 pm to pnut53088
What changes occur in 2011?
Posted on 3/25/10 at 6:40 pm to AbsolutTiger
quote:
I'm seriously considering biting the bullet and going for it since they're changing it up for 2011.
I graduated about 2 years ago and I haven't taken it yet. I've been meaning to but haven't gotten around to it. I don't necessarily need it where I'm working now but I would like to have it as an option. Going back to studying is going to kill me.
Posted on 3/25/10 at 7:51 pm to AbsolutTiger
I just got notice that failed REG for like the third time, which means I also just lost BEC, and I lose FAR in June (meaning I have to pass REG & BEC by May).
FML
IMHO I think anything they add IFRS related will be easy, there mainly to test your understanding of the differences between GAAP and IFRS. Regardless, I can't see it being more than a handful of a questions.
FML
IMHO I think anything they add IFRS related will be easy, there mainly to test your understanding of the differences between GAAP and IFRS. Regardless, I can't see it being more than a handful of a questions.
Posted on 3/25/10 at 8:12 pm to sneakytiger
quote:
I just got notice that failed REG for like the third time, which means I also just lost BEC, and I lose FAR in June (meaning I have to pass REG & BEC by May).
18 month window's over in June?
Posted on 3/25/10 at 8:47 pm to pnut53088
For FAR, yeah.
Posted on 3/25/10 at 10:55 pm to kfizzle85
quote:
IFRS + slightly different format. I agree with sneakytiger, I don't think the IFRS stuff is as big of a deal as people are making it out to be.
People hate change
Posted on 3/26/10 at 1:26 am to Jcorye1
I love change. Probably half the reason I decided to take the CFA was to try and get some formal IFRS knowledge. Its asinine that it isn't part of a standard accounting curriculum, regardless of how you feel about IFRS/ultimate convergence.
Posted on 3/26/10 at 8:51 am to sneakytiger
Does the 18 month window start each time you pass a part? Also how are all of these review courses saying they have a pass rate above 85% yet the overall pass rate for each part is below 50%? Ugh I'm going to be miserable trying to pass this exam.
Posted on 3/26/10 at 8:57 am to Phate
I believe your 18 months starts when you pass the first part. I really don't want to start studyig again, that's going to suck.
Posted on 3/26/10 at 11:56 am to Phate
Because a ton of people try to take the exam and either 1) don't try or 2) don't have enough formal education. If you went to any of the local state colleges in La (or the private schools through the MS), then you won't see anything on the test that you haven't seen before. Seriously, people bring up those pass rates as evidence all of the time (this is exactly what I was talking about in CFA thread, only its worse there, because you don't need any formal education to take the test), but they don't bring up something like Wake Forest's 97% pass rate. Its hard, but its far from impossible.
Posted on 3/26/10 at 2:12 pm to kfizzle85
quote:
Because a ton of people try to take the exam and either 1) don't try or 2) don't have enough formal education. If you went to any of the local state colleges in La (or the private schools through the MS), then you won't see anything on the test that you haven't seen before. Seriously, people bring up those pass rates as evidence all of the time (this is exactly what I was talking about in CFA thread, only its worse there, because you don't need any formal education to take the test), but they don't bring up something like Wake Forest's 97% pass rate. Its hard, but its far from impossible.
Thats what I hear. To me, its kinda like the bad percentages of opening up a business, 2/3s of them fail, but a ton of them are based on terrible business models, and a bunch more are underfunded.
Posted on 3/26/10 at 3:03 pm to pnut53088
quote:
What are the differences besides the IFRS? I don't think I'll be able to take the CPA exam until early 2011.. maybe late 2010 at the earliest. I'm assuming the exam will be harder in 2011?
Take BEC in 2010...
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