Is it possible to balance time spent studying for the CPA Exam with an actual social life? Kristin Lynes, Chief Operating Officer at Roger CPA Review, believes it’s plausible as long as you set the correct expectations with your support system.
Passing the CPA Exam is critical to both individual and organizational success. However, the process is often talked about by sharing mutual war stories. With content described as a “mile wide and an inch deep,” the Exam is usually discussed as an intimidating battle of endurance.
But what if there was a way to permanently change that narrative? What if there was a way to make the process less time consuming and more efficient by using successful students’ past behavior to forecast the likely future behavior candidates need to pass? Seems impossible, right? Welcome to the impossible!
If you’re planning on taking the CPA Exam in 2018, it’s important to consider sitting for the REG section of the Exam now. Why? The new tax bill passed in December of last year will be eligible for testing on REG beginning January 1, 2019. At that time, CPA Candidates won’t only need to understand the facets of the new tax bill, but also how to apply it to real life situations—all of which will be new information and material topics included on the REG section next year. Therefore, sitting for REG before these monumental changes occur is highly recommended.
If you aren't already aware, the CPA Exam underwent some changes on January 1, 2018. The most noticeable change to occur is on Revenue Recognition in the Financial Auditing and Reporting (FAR) section of the exam--also known to candidates to be the most dense, and therefore daunting, section. But that's not all. With the tax bill just being passed by congress, that means the CPA Exam is going to undergo even more change beginning on January 1, 2019 in the Regulation (REG) section to reflect the new bill.
Studying for the CPA Exam can sometimes be, to put it lightly, overwhelming. Granted, that's a very obvious statement, but it's amazing how many important practices can be overlooked when you're in the midst of preparing for the exam; even things that seem to be 'obvious'.
So in addition to all the study tips we recommend, we thought we'd remind everyone of important things that are easy to forget: