Studying for the CPA Exam is like having a full-time job. It requires a large amount of time, energy, and even in some cases, a few liters of sweat and tears. However, as the saying goes, if it were easy, everyone would do it. But at the same time, just because it’s difficult doesn’t mean that passing the exam is impossible to achieve.
In speaking with many of our students who have passed one or more parts, we wanted to learn more about what helped them most during their preparation. Here are the top 10 habits we found trending in their responses when it came to being successful on the CPA Exam.
1. They have a plan
There’s a famous adage by Benjamin Franklin that states, “Failing to plan is planning to fail.” And this couldn’t be truer for the CPA Exam. Successful candidates used our customizable study planners to map out their daily study goals in order to pass the exam in their desired amount of time. They also factored in non-study days to account for breaks or other unplanned events so they wouldn’t fall behind should they need to take some time off.
2. They’re consistent
Forming a plan is only half the battle. Sticking to it is the other half. Successful candidates understood the importance of being consistent in their studies every single day. This not only helped condition their minds and bodies to get into an automatic flow and routine of studying, but also kept the information they were learning fresh.
3. They wake up early
Successful candidates found that waking up between the hours of 4:00am--6:00am were the best times to study due to less distractions and made them feel motivated and productive throughout their entire day. This was the time they would learn new material and used accompanying tools such as audio lectures, flashcards, and practice question applications during the rest of their day to reinforce the information they learned in the morning. It also prevented fatigue by not having to learn new information when they got home from work or school.
4. They know how to prioritize their responsibilities
For successful candidates, the CPA Exam is close to being their top priority. As a result, they know what can take a backseat in their lives and how to properly manage their responsibilities to positively impact and maximize their study efforts.
5. They view the word “failure” as synonymous with “opportunity”
If they fail a section, they look for the silver lining and take it as a learning opportunity to do better next time. Whether that’s changing their study techniques or going back and reviewing the entire section, successful candidates don’t let failure determine who they are or what they can accomplish. They pick up where they left off, analyze their strengths and weaknesses, and leverage the experience to be a positive one.
6. They try different study techniques until they find ones that work for them
There’s no cookie cutter way to study for the CPA Exam. Everyone learns and retains information differently; the key to passing the exam is finding the study techniques that work for them and sticking to it. And that may require trial and error, which they’re not afraid to do.
7. They do as many practice MCQs and TBSs as they can
Successful candidates know that the more practice and interaction they have with MCQs and TBSs, the better they’ll do on the actual exam. Therefore, they try to do as many as possible both during the end of a chapter, as a final review, and any time they can fit them in to become more and more exposed and familiarized with the content. Candidates have stated that taking many full-length simulated CPA Exams was also the difference between passing and failing.
8. They have a strong support system
When the going gets tough, it’s crucial to have a strong support system to get through frustrations and hard times. So while it’s important to let family and friends know that space is needed to study, it’s equally important to let them know that they’re also relied upon to provide encouragement and support in other ways.
9. They understand the “why” behind everything they do
Learning the concepts behind the process is significant to really understanding the material. There is a lot of information that can’t, and shouldn’t, just be memorized. To alleviate that, successful candidates found that instead of just setting up tables and calculating numbers, try to figure out the “why” behind what is being done and what the end result is trying to accomplish. That way, application of knowledge is occurring rather than just regurgitating information.
10. They always keep the end goal in sight
When studying for the CPA Exam day in and day out for months at a time, it can be easy to feel bogged down and to have a negative outlook about the exam. However, successful candidates know that it is just something they have to get through before they can enjoy the benefits. They always have the end goal in sight: that obtaining their CPA license will improve their personal and professional lives tremendously, and that the hard work they’re doing to pass the exam is a small price to pay in the larger scheme of things.