Come out from under that rock! If you're a CPA and you don't live under a rock, you've probably heard about IFRS. But, if you're a student considering a career in accounting, you may not have heard about it. What in the world is it?
In July of this year, JobFox posted a report that details their list of the top 20 "Recession Proof Professions." Holding places 4 and 5 were Accounting & Finance Executives and Accounting Staff, respectively. These sentiments have been mirrored by other industry pundits as well, in various formats. As we enter a new recession period, these impressions equal good news for anybody studying for the CPA Exam.
When answering multiple choice questions on the exam, don't get stuck! The CPA Exam is timed , so, if you're having trouble with a question, just move on and come back to it later if there's time left.
BONUS TIP: If you're having trouble on a multiple choice question, don't be afraid to make a guess. If you leave the question blank, you'll definitely lose a point, but if you at least make a guess you have a chance of getting the question right! Try re-reading the question and then figure out the reasoning behind it. Get rid of the choices that obviously don't fit the rationale of the question. This will leave you with fewer choices, which means a greater chance of guessing correctly.
We received the following question from a confused student a few days ago.
Q. When applying for the CPA Exam in California, do I send in my transcripts first and then my application and fees? I am totally confused by the exam application process and would appreciate any input.
2nd quarter CPA Exam passing stats were recently released by the AICPA and the good news is that it appears passing rates are up! Audit is back on top (53.09%) and BEC returns to the bottom with the lowest passing rate overall (47.60%).
Early in July, I had the wonderful opportunity to visit Japan! It was a great trip, during which I was able to renew a truly fantastic relationship with my friends at O-Hara College of Business. Thanks to this partnership, Japanese students and professionals can now fully prepare to pass the US CPA Exam with confidence!
Of course, my trip wasn't all business. I also managed to take in some of the beautiful sights, sounds, and tastes of that magnificent country. My hosts in Japan were so generous with their time and energy, and I had a fantastic journey.