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.
Ah, the beginning of a new year means the beginning of those fabled things called New Year's Resolutions. You know... all those promises you made to yourself the week in between inhaling candy canes and popping those loud cardboard popper things.
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:
Starting January 1st, 2018, the FAR section of the CPA Exam will see extensive changes, particularly to the topic Revenue Recognition. Our experts highly recommend CPA candidates take the FAR section in 2017 and avoid this the 2018 FAR changes all together.
As a CPA Candidate, deciding whether or not to invest in a CPA Review Course is one of the most important decisions you’ll make when working toward your CPA credential. CPA Review courses might seem costly, but studies show that candidates who take a CPA Review Course have higher pass rates than those who don’t. And that’s because the investment is well worth the money and effort. Here’s why: