CPA is one of the highest accounting credentials in the world. To earn this gold standard certification, an intense effort is needed by accounting and finance professionals and students. As a way of preparation, students and professionals might choose the best CPA review institutes in India and get trained but on the other hand, at a personal level, their preparation plan might lead them to see very little success while taking the CPA exams. To build a sound CPA study planner, we bring you 5 key methodologies and approaches to downturn failures and gear toward success.
Stress
Anxiety is inevitable when exams are on. But anxiety and stress should not be a factor to ruin your scoreboard. If you are not successful in cracking the CPA exam, do not land in an all-or-nothing attitude. Take failure as a step to gain the next level of confidence. To overcome this challenge is to take real-time mock exams or tests conducted by the CPA review center that you have enrolled.
Cramming
As working professionals and students you may be tied up with personal commitments but this shouldn’t make you apply your school exam planner of studying everything at one-go. Cramming CPA exam content is dangerous as the CPA syllabus is not about instincts but about logical reasoning and calculations. The CPA exams comprise MCQs where choices are more closely connected and essay type questions that involves a lot of analytical and computing skills. The CPA course is tough. Said that you cannot skim through the context which can lead to an extreme failure.
Time Management
Do not waste a minute, every minute counts in preparing for a tiresome CPA exam. Keep out gadgets and social engagements till you complete the CPA course. Striking a balance between your education and personal life is difficult but a strict study planner can help you overcome the challenge. A diligent time table can help you digest portions of the CPA – FAR, BEC, AUD and REG strategically and decisively. Time management will also give you a clear picture of how much time you can spend on each part on your D-day.
Exam Scheduling
CPA course stretches for 18 months and you cannot do exams randomly. Taking a break after one section can lead to severe failure. If you are taking up the exam again, here’s a smart plan for you.
Taking AUD first is more beneficial as there might be changes in syllabus or exams might get canceled or delayed. So to keep your hard work paid for a tough section, take AUD first. It is also a time-crunching exam and can make your preparation easier and less disruptive.
Putting BEC second is a wise option as it is a mixture of exams that are more futuristic and trending. So choose a trainer where CPA classes are well informed and personalized by practitioners to complex topics even if the BEC syllabus undergoes amendments or changes in structure.
FAR as the third option is good as it is math-driven. As it covers a range of extensive topics from accounting rules and standards, multiple financial statements to the consolidation of local and state governments, it requires the accounting professionals a die-hard study preparation.
The REG exam is the most intriguing paper that includes 2 MCQs, and 3 Task-based Simulations. It has complex patterns of questions taken into account during grading a CPA candidate, hence a huge amount of time and dedication is required.
