There are many different opinions about the certified public accountant’s exam, but more would concur that it is one of the most difficult professional exams tested today. The BAR and the MCATS have better pass rates than the CPA exam and most candidates of these exams have shown in interviews to be less stressed and anxious about taking the tests. Why is this and what can be done about it?
Well, the AICPA is the group that creates and organizes the certified public accountant examination. It’s the body that creates the questions, new materials, and general direction for future testing subjects. Traditionally, the AICPA has kept the pass rate at around 50 percent. Some of the sections, like BEC, have a stronger pass rate while other sections, like FAR, and have a much weaker pass rate. Regardless, the average rate tends to stay around the 50 percent level.
Why is this so low? It’s low because the profession wants candidates to take their education seriously. The CPA designation is not something to take lightly. It’s an honorable profession that people should have to work for in order to achieve. That being said, the only real way to pass the exam with flying colors is to study.
There are plenty of CPA exam review courses available to help you review the basics and prepare for the test. One of the most popular is CPAexcel. This course is produced by Wiley Efficient Learning Systems and has helped thousands of people achieve their dreams of becoming a CPA. Here is an article about how well CPAexcel ranks amongst the other review courses in the industry CPA Excel Review 2015 | My Accounting Course. Take a look at the review and see if it is right for your learning style. Many people have used this to pass and I’m sure you will be able to as well.
There is also more information about Wiley’s courses here:
Most CPA candidates have apprehensions about taking the exam. They are scared because they feel unprepared or feel like they don’t have enough experience in order to pass the test. This is a completely normal reaction. If you feel this way, it is okay. There’s still hope for you. To pass the CPA exam, you really just need to focus on three things:
Number 1: You need to focus on time management. Just like in life, managing your time is extremely important. You need to learn how to manage your study time, work time, and hobby time while you are preparing for the exam. You also need to learn how to manage your time during the test it self. Time management is one of the biggest reasons why people fail the exam. They just don’t manage their time well enough.
Number 2: Candidates need to focus at the task at hand. Forget about everything else going on in life and focus on what you are doing whether that is studying, resting, working, or just watching a movie. Be in the moment and don’t get distracted. This concept is particularly true on the exam day itself. You need to have a laser beam focused on the topics that you learned in your CPA review course and forget everything that is going on in the outside world while you are in the testing center.
Number 3: You must be dedicated and disciplined. Without dedication or discipline you will never pass the exam. This might sound a little cheesy, but it is true. You have to pour yourself into studying and give it your all. Otherwise you will probably not do as well as you should.
You won’t be too concerned about passing the exam if you have a good review course. Obviously a good course can cost you thousands of dollars, so it’s important that you look around for some CPA review course discounts and deals before you actually make the big purchase.