Do you have a game plan for the CPA Exam? Planning your CPA Exam journey is a critical part for every candidate, and some would say that it’s just as equally important as taking the Exam itself. Here are a few points you should consider putting into your CPA Exam game plan and how they will help you physically, emotionally, and mentally.
Or, scroll to the bottom and watch Roger Philipp, CPA discuss in depth what your CPA Exam Game Plan should look like!
1. Understanding the CPA Exam Basics
Know what you’re getting yourself into! This is probably beating a dead horse, but as with anything, don’t dive into anything blind. Learn how the CPA Exam is structured, the type of material it covers, the types of questions you will encounter, and the requirements you need to sit for the Exam. Once you have all of the basic information about what the CPA Exam is about, you will be better prepared and have a better understanding of the feat you’re trying to accomplish.
2. Time is of the Essence
You only get 18 months to complete all 4 parts of the Exam. This may sound like a long time for many candidates, but those months can fly by pretty quickly—especially when life events get in the way or if you have failed certain parts once or twice. We have heard from other candidates about losing their credit for 1, 2, or even 3 parts of the Exam and have had to take them all over again. Don’t let this happen to you.
Manage your time wisely and give yourself a realistic timeframe of when you want to pass the CPA Exam. Will it be 3, 6, 9, or 12 months? Figure out which makes the most sense for you and plan your studies accordingly. The CPA Exam is a huge investment of your time and energy. Make it count!
3. Understanding the CPA Exam Study Process
The AICPA recommends that candidates spend a minimum of 400 hours to study for the CPA Exam. That’s about 16.7 days of consecutive study time—needless to say, it’s a lot. And that’s just the bare minimum! Know what to expect. Which is watching video lectures, reading the corresponding textbook, doing practice questions, and being prepared to encounter topics and material that you haven’t before. Every one studies differently, so you don’t only have to understand how a CPA Exam review course works, but also how you study best and what your learning process looks like. This will set you up for success as the course and your study habits work in tandem to support one another.
4. Setting your CPA Exam Goals
Creating a study plan is all fine and well, but it means nothing if you don’t actually stick to it. So if you’re planning on passing the Exam within a certain number of months, set up small goals for yourself to reach whether that’s covering a certain amount of material every day or week. This will help you stay on track and also motivate you to continue pushing forward as you meet your goals. As Roger says, “If you study, you will pass.” This quote is true if you adhere to your study plan and try your best not to procrastinate or stray.
Check out this helpful video from Roger Philipp, CPA as he helps you prepare your CPA Exam Game Plan so you can pass!