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USCPAExamStrategy

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US CPA: According to the American Institute of CPAs (AICPA), the US CPA exam is scored on a curve scale of 0 to 99. The candidate needs to score 75 or more to pass the CPA exam and become a Certified Public Accountant. But, you might ask how to score that? No one understands CPA exam scores and grades. Does 75 mean percentage, marks, or points? Is the US CPA exam graded on a curve? …

AICPA approves all the different updates and changes that are made to the CPA examination every year, these changes include –adding new topics to the CPA course, altering the pre-existing sections, and also at times removing old ones. It is definitely necessary for one to be updated on all the changes so here is the latest information on the CPA 2021 exam changes. It is a fact that the accounting profession is evolving and emerging…

With all the disruptions and inconveniences COVID-19 has caused all over the globe in each field, it has been even more difficult for people to deal with situations. One of the most important situations that needs to be dealt with are ‘Exams’.  US CPA Exam in Nepal: However, even during these unpredictable times, the NASBA, AICPA and Prometric just made an amazing announcement for all those hard-working CPA aspirants. The announcement is stated as follows:…

US CPA Exam: “You never fail until you stop trying” – Albert Einstein. In 2000, I’d just graduated from a University with multiple honors within 3 years and I went to work for my first-choice employer. Life was very good; I was a young person making a great salary with an extremely bright future. My first priority as a tax accountant working for a global firm was to take the CPA course and pass the…

The uniform US CPA exam consists of 4 sections: Financial Accounting and Reporting (FAR), Auditing and Attestation (AUD), Business Environment and Concepts (BEC), and Regulation (REG). When it comes to the hardest section among all the exams, everyone says it’s FAR.  Why is FAR largely considered the hardest? Here are some reasons. Everyone has their difficulty in the exam, but if we take the majority as consideration, then FAR is the hardest part of the…

Financial Accounting and Reporting (FAR) is most probably the biggest and the most difficult section of US CPA for many test-takers and I was not an exception to it. By planning perfectly, one can complete it relatively in an easier way, than what they think. It is advised to have a good command of accounting basics, as most of the FAR will be focused on basics and Journal Entries. Please make notes for important concepts…

I often get this question, and my answer is always the same. I’ve been thinking about updating my knowledge. Being a working professional with a family, it was a big decision, but Sripal sir suggested I get into the CPA course, the US equivalent of CA in India. I went through the CPA course and took advice from some of my friends who had done it, and all suggested that it’s an excellent CPA course…

I DON’T HAVE A VERY DETAILED STRATEGY TO TALK ABOUT, BUT I’M JUST ADDING A FEW POINTERS THAT HAVE REALLY HELPED ME. Just listening to the lectures doesn’t help. Go through the textbook thoroughly and make your notes.Don’t get carried away while making your notes. You will end up having another copy of the textbook if you do so. Just make crisp summaries that you can go through annually. Throw in flow charts or diagrams…

AUD AUD is a theoretical subject. So, reading the modules or watching lectures is extremely important. I was more comfortable watching lectures, so I watched all the lectures twice during my studies. I watched lectures on topics like Sampling, Fraud, Audit Risk, SSAE, & SSARS engagements more than twice. SSAE, SSARS, and CPA Independence rules- You need to read these chapters and understand the concepts thoroughly. These parts are completely different from what you study…

Before starting with my strategy, I would like to emphasize on the fact that I completed my MBA back in 2012 and after which I never appeared for the exams. So, when I first thought of starting CPA, it was tough for me to digest the idea of studying and appearing for exams while working full time. I made a goal of completing Regulation first as I had experience with US taxation. After clearing the…