CPA Exam

What I Would Have Done Differently to Study for the CPA Exam

Posted by Bryce Welker, CPAExamGuy on November 15, 2018 9:26:54 AM CST

Earning your CPA license can give your career a jumpstart. You will gain a significant advantage over the other accountants who don’t possess this credential. According to the 2019 Robert Half Salary Guide for Accounting and Finance Professionals, the midpoint CPA salary for tax professionals with one to three years of experience is $57,500, with auditing experts making $52,000. As you climb the organizational ladder, you can expect to earn substantially more. At the level of Manager of Tax Services, you could be making $104,000 annually! At the upper end of the salary range, your yearly compensation could even be as much as $164,250.

Read More

Tags: CPA, CPA tutoring, CPA exam, Become a CPA

What is the CMA Exam?

Posted by Susie W. Duong, Ph.D., EA, CPA, CMA, CIA on May 12, 2018 10:00:00 AM CDT

In the previous article on the CMA certification, we discussed the steps to become CMA certified such as fulfilling the examination, education, and experience requirements. In this article, let us take a closer look at the CMA exam itself, including exam specific content, recommended preparation time, sequence of taking the two parts, exam preparation strategies and so on.

Read More

Tags: CPA, CPA tutoring, CPA exam, Become a CPA, CMA exam

What You Need to Know About Earning Your CMA Certification

Posted by Susie W. Duong, Ph.D., EA, CPA, CMA, CIA on April 21, 2018 10:00:00 AM CDT

In a previous article, we briefly introduced the other three major accounting certifications that can be added on to the CPA. In this article, we will focus on one of them: Certified Management Accountant (CMA). 

Read More

Tags: CPA, CPA tutoring, CPA exam, Become a CPA

Which Accounting License Should I Add to my CPA? 

Posted by Susie W. Duong, Ph.D., EA, CPA, CMA, CIA on March 30, 2018 9:00:00 AM CDT

The Certified Public Accountant (CPA) license is known as the most popular certification for accountants and has a reputation of the “gold standard” in the accounting industry. While many CPAs choose to practice in public accounting, a large number of them follow career paths in corporate accounting and other fields such as government, academia and the non-profit sector.

Read More

Tags: CPA, CPA tutoring, CPA exam, Become a CPA

CPA Tip of the Week: Becoming a CPA

Posted by Chris Mills on February 8, 2018 9:35:00 AM CST

Just starting out on your path to becoming a Certified Public Accountant (CPA)? Unsure where to begin? One of the biggest decisions to make is the selection of a review course. Many people are familiar with Becker, Roger, Wiley CPAexcel, and Yaeger. There is also Surgent, Gleim, Kaplan, Ninja, Lambers, ExamMatrix, and more. With so many options available to a candidate, it may be difficult to determine what will work best. While some programs will boast about a high pass rate for its users, at the end of the day, the content provided is very similar --- is it simply delivered in varying formats. 
Read More

Tags: CPA, CPA tutoring, CPA exam, Become a CPA

CPA Tip of the Week: In What Order Should I Take the CPA Exam?

Posted by Chris Mills on February 1, 2018 9:35:00 AM CST

In what order should I take the Certified Public Accountant (CPA) Exam? It is a question that many new candidates ask themselves, and others, when starting off on their four-part CPA journey. While people will suggest many different approaches, those who have taken the exams in the past will mostly agree that you should not leave Regulation (REG) or Financial Accounting & Reporting (FAR) for last. There are several reasons for this. Among them, the pass rates for FAR (47.5%) and REG (49.3%) are considerably lower than the pass rates for Audit (AUD), at 52.1%, and Business Environment & Concepts (BEC), at 55.35% (all percentages as of the most recent quarter, shown here on the American Institute of Certified Public Accountants (AICPA) website).

Read More

Tags: CPA, CPA tutoring, CPA REG, CPA exam order

From FAR Away: Which Section You Should Take First

Posted by Jeff Badu on January 19, 2018 9:42:00 AM CST

The CPA Exam is without question one of the most difficult exams on the planet. It takes proper planning and preparation to get through this daunting exam. The purpose of this article is to provide you with some tips and tricks on which section you should take first.

Read More

Tags: CPA, CPA tutoring, CPA exam order, CPA-FAR, CPA REG, CPA AUD, CPA BEC

Calling the Shots - The Entrepreneurial CPA

Posted by Jeff Badu on June 17, 2017 2:46:00 PM CDT

 

Read More

Tags: CPA, CPA tutoring

The Skills Required for a Career in Accounting

Posted by Morgan Bissett-Tessier on April 10, 2017 10:31:27 PM CDT

Read More

Tags: CPA, CPA tutoring

Ten Tough Concepts Tested on CPA-FAR: The Time Value of Money

Posted by Tyler Remick on January 13, 2017 10:00:00 AM CST

Understanding the time value of money for FAR is incredibly important. It appears in the accounting for leases, bond valuation, corporate finance (BEC), and pension accounting, just to name a few. Conceptually, it should be a very easy topic for students to master - a dollar today is worth more than a dollar tomorrow for the simple reason that with a dollar today one can consume, and without a dollar today one cannot consume. To compensate someone for delaying his or her consumption, interest is added to the principal amount (the amount of money that is being delayed). This interest represents the price of consumption today. The most common proxy used for this interest rate is the risk-free US Treasury rate. Any interest premium in addition to the US Treasury rate represents compensation for any other risk factors. This all should seem intuitive.

The AICPA does not allow the use of financial calculators on the CPA exam. Students are only allowed to use simple calculators that are provided with the testing software. This makes calculating present values and future values incredibly cumbersome and monotonous. Therefore, the AICPA relies heavily on discount factors and future value multiples to test students on these concepts. This is where the confusion ensues! Students need to be comfortable with this approach, so taking a step back and understanding the mechanics of what is going on is important. Here are some steps to take:

Read More