/r/CPA

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The subreddit for CPA Candidates

Certified Public Accountant (CPA) Come here if you are looking for guidance to becoming a CPA. Study material suggestions, study tips, clarification on study topics, as well as score release threads. Tags: Certification, Accounts, Tax, Study, Help, Group

Certified Public Accountant or CPA is the title of qualified accountants in numerous countries in the English-speaking world. Wikipedia

CPA - We have either been through it, or are currently going through the study and CPA licensing process...

Useful Posts

AUD, REG, BEC Study Guides - SUPER HELPFUL

Passed 4/4 on First Try - Some insights I'd like to share - by u/informal detail

Help! I have ____ exam coming up in "short time frame". What do I do / What should I study!

Before you post, let me search that for you (sort=Recent):

FAR Tips/Advice?

BEC Tips/Advice?

REG Tips/Advice?

AUD Tips/Advice?

Please try to post complete questions or thoughts in the post title if possible. Please do not use a clickbait title when posting.

Do not disclose exam content and do no ask “What was on your exam?”, if you do your post will be removed and you may be permanently removed from this subreddit. The AICPA has a published breakdown of topics by section and percentages of each exam. Use that. Quick Guide

This is not a study material marketplace. Posts trying to sell study material will be removed. Also, posts soliciting pirated study material will result in a ban.

Please respect everyone here. There are no stupid questions.

General accounting, audit, and tax related questions may find more help is in the /r/Accounting subreddit.

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/r/Accounting

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81,794 Subscribers

1

Becker Update???

Does Becker updating the course mean that the current material is out of date? Like should I wait to take my exam if they’re adding more content or is that just to prepare for new updates that haven’t been put into place yet??? I was going to take Audit beginning of December but now I’m wondering if I should wait since there is a new update coming?

0 Comments
2024/11/04
13:58 UTC

2

Anyone use Surgent for Aud and pass?

How did you study? I don’t even know where to start and my exam is in 6 weeks. I just did the initial assessment and I’m at a 50% ready score.

0 Comments
2024/11/04
13:44 UTC

1

CPARescue - Surgent reviews

Had anyone used the Surgent software CPARescue? It looks like a great option for people who have used other softwares but have failed the exam and need a change.

I have been using Becker for over a year and a half now. I have passed AUD & BEC and failed REG & FAR with 74s in the recent score release. That was my first attempt on REG and second on FAR. By Becker’s standards I should’ve passed both. I did everything it asked. My FAR SE score 69 and REG SE score of 55, which I recognize my REG score wasn’t great but was passing by Becker’s standards.

It’s also felt confident leaving both exams. I truly thought I passed with scores in the 80s.

Anyway, has anyone tried CPARescue? I need to pass these next attempts and I need a change from Becker.

Thanks in advance!!

0 Comments
2024/11/04
13:02 UTC

1

Subsequent events

Hi! Can someone help explain a Type 1 vs Type 2 subsequent event? I watched a video on YouTube that discussed refinancing as a Type 2 non recognizable event. However, my question is, if your debt was refinanced prior to the financial statements being issued, does that make it a Type 1? Idek if this makes sense. Like say ur company discusses refinancing the debt before 12/31 and you refinance it beginning on 1/02, is it type one or type two? Idek I think I’m confusing myself based on the video I watched lol

5 Comments
2024/11/04
11:52 UTC

1

Washington state board - How much time does it take for evaluation eligibility.?

Washington state board - How much time does it take for evaluation eligibility.

2 Comments
2024/11/04
10:05 UTC

2

Taking too much time!

I'm taking too much time for these exams. A person started later to me cleared all exam and I still have nothing in my hand. And the sad part I'm a full time student! I want to clear ASAP but now whenever I sit down to study I'm just filled with regrets that I wasted too much time. Please help.

1 Comment
2024/11/04
07:26 UTC

10

let' say you failed FAR and AUD. Which would you retake first?

Assume you studied for 3 months for FAR, 2 months for AUD

you know all the material, but you have around a 3 month gap.

15 Comments
2024/11/04
06:36 UTC

1

CPA Equivalent to XYPN?

Hi all if this is the wrong sub to ask this question feel free to guide me on where would be most appropriate. I wanted to do know if there was a network similar to that of XYPN for CFP firms but for CPA firms where people who ran their own practices could learn, discuss best practices, bounce ideas off to other firm owners as well as ask for help if need be? The reason I ask is because this is the next designation I plan on crossing off my list and found during my CFP studies it was very helpful to see some of the real world struggles and applications to those struggles that actual CPAs are actively going through so when concepts come up during study time I would have something to relate it back to. Any insight you guys may have would be great!

0 Comments
2024/11/04
06:22 UTC

0

I scheduled my CPA at the beginning of a test period and am unprepared. Should I cancel my exam?

I scheduled my FAR exam for tomorrow with prometrics and I just found out that you could only schedule the FAR once a testing period. I scheduled unknowingly at the beginning of the period.l, and I feel unprepared, and I figured I could just get a feel for the exam fail and then take it again in 2-3 weeks. I didn’t know that I would have to wait a full testing period. And knowing myself, I know if I wait a whole period, I am going to have to relearn the whole information, cuz I tend to forget information when it isn’t fresh on my mind. Should I just take a $250 loss and wait till I’m more prepared and closer to the end of the testing window? What should I do? This testing window stuff is a bunch a BS. Any advice is greatly appreciated.

6 Comments
2024/11/04
05:43 UTC

1

ISC EXAM Tips

Hi everyone, just recently took AUD 10/23 and now going to officially start studying for ISC. Is Becker enough material wise? Also, any tips and tricks you used to pass? I’m basically full time studying right now and plan on taking it at the end of November. Going to try to go a little overkill because I’m not really sure how I feel about AUD. Just wanna make sure I nail this one! Thanks in advance.

3 Comments
2024/11/04
05:02 UTC

0

CPA job / midsize CPA firm

I have recently cleared all CPA exams. What’s the best way to apply for a job besides applying to job posts ? Is going door to door to CPA offices introducing yourself to CPA’s a good idea? I have an extensive experience in tax as I have been doing taxes in my own tax office for the last the 5 years.

Thank you

0 Comments
2024/11/04
04:36 UTC

1

REG PARTNERSHIP DISTRIBUTION

Is Partnership distribution tested in REG?

1 Comment
2024/11/04
04:31 UTC

7

Does anyone use the Roger cram only? What your experience?

Does anyone use the Roger cram only? What your experience?

0 Comments
2024/11/04
03:53 UTC

3

Can’t see BEC score on ILBOE website?

I can see my BEC credit on the NASBA website but not on the Illinois board of examiners website. Does anyone know why? I can see my other passed exams on both websites.

0 Comments
2024/11/04
03:43 UTC

3

AICPA CPA Exam Scholarship

Has anyone here been successful in being selected to AICPA's scholarship to cover CPA Exams? Just wondering what their metrics/standards are in picking out recipients.

0 Comments
2024/11/04
03:01 UTC

2

Linkedin Post after passing

Is it tacky to post on LinkedIn after passing a single section of the exam? Should i wait to pass all 4? I want to be active on there for people at the firm I am going to join next year

5 Comments
2024/11/04
02:57 UTC

59

How do people seriously pass this AUD test????

These questions are consistently subjective and often requires you to choose the most correct answer.

I've failed this test 3 times now and have been studying for this test this entire year since Jan 1 and this STILL doesn't make sense. Seriously how tf is "Is required" NOT a Requirement???? That's like saying Being Happy is not Happy. F this AUD test

29 Comments
2024/11/04
02:56 UTC

4

How hard is it to land an internship at the big 4?

I’m a junior in college and want to start having some experience.

6 Comments
2024/11/04
01:52 UTC

2

Payment options for cpa exams in CA

Can you pay with debit/credit card or does it have to be a check when paying to schedule to sit for exams in CA?

2 Comments
2024/11/04
01:46 UTC

0

Possible to retake FAR by the 15th?

It’s my last exam I head into busy season around the 20th of November, just tryna get it done, but want some insight from people who have retaken FAR.

For reference I got a 71 this past release. Just need that 4 point bump

5 Comments
2024/11/04
01:07 UTC

7

Factoring vs Discounting

From what I read in becker and what becker told me is that Factoring is the selling of Account receivables at a discount.

Discounting is using the Ar to borrow money without the transfer of ownership. Usually to a bank.

 The question as_____ Refers to the SALE of note to a third party, usually a bank or other financial institution.

*wouldn't the sale of note be a transfer of ownership and would classified this as factoring and not discounting? 

https://preview.redd.it/w4vrqwxu9syd1.png?width=975&format=png&auto=webp&s=10df5e976d97eaf3d06939deafaa9763f56a4804

7 Comments
2024/11/04
00:58 UTC

4

Need advice

Just sat for FAR yesterday. My first attempt at any exam. I feel good about it (knock on wood), but obviously won’t know until the end of January. Wondering if I should start studying for another section now, or take a break until score release to focus on work, holidays, etc. I’m a little afraid to take a 3 month break from studying as I don’t want to get out of the groove, but work is also about to really pick up. Another part of me says wait for 2025 for continuous testing… Advice?

Note: I think if I do take another before year end, it would be AUD as I have prior audit experience and it’s still fresh in my mind from school. Trying to go 4/4 so don’t wanna rush anything either. Took me 3 months and 200+ hours to study for FAR…

7 Comments
2024/11/04
00:11 UTC

3

FAR BONDS QUESTION

WHY THE ANSWERS IS NOT $400000? The $388000 (and plus $8000 interest expense reimbursement from creditor) should be the cash proceed, how it become the bonds payable?

https://preview.redd.it/u7wferdayryd1.png?width=1141&format=png&auto=webp&s=3f26889e0c18b6618b955ca7c1eff2d6cec64826

4 Comments
2024/11/03
23:55 UTC

8

Taking FAR in two days and nervous

I am taking FAR on Tuesday and am a little discouraged. I am using Surgent to prepare. I like the program and my ready score is at 82%. I took a practice exam today and scored a 72. I was hoping to do a little better than that. I am really nervous I am not going to pass on Tuesday.

9 Comments
2024/11/03
23:32 UTC

8

Messed up on an easy TBS

Stressed because I messed up on an easy TBS on my exam. I felt ok about 4-5 out of the 7. Is there hope? Anyone have similar experience for TCP?

10 Comments
2024/11/03
22:21 UTC

22

CPA Exam Day Rituals - Good Luck Charm

Does anyone else have a good luck charm or other ritual they do the day of the exam to help themselves?

i.e. I wear the same exact outfit each time I take the exam.

I am not superstitious just a little stitious.

16 Comments
2024/11/03
21:57 UTC

3

Retake process with UWorld

I got a 60 on AUD in July and am planning to retake in January. I reset my study program and am wondering what strategy others used for a retake. I plan on using the smart path to do MCQ/TBS until I reach each sections goals, then take a practice test and see where I fall short.

0 Comments
2024/11/03
21:42 UTC

2

Sample problems

Hi

Does anyone know of any sample problems on subsidiary and general ledger reconciliation.

I found on farhart lectures YouTube an example but I don’t really make sense of it.

https://youtu.be/4NWhJ3HKVKs

0 Comments
2024/11/03
21:24 UTC

2

TCP looking for studying advice and time advice

Hello everyone,

I’m planning to start studying for the TCP using only Becker’s online materials. I attempted BEC last year but didn’t pass, and unfortunately, I can’t redeem another set of physical books, I’d rather avoid buying them. Starting on 11/6, my plan is to study 1 hour in the morning and 1-2 hours in the evenings after work on weekdays. For weekends, I’m aiming to dedicate at least 4 hours each day.

I haven’t scheduled the exam yet, but I’m targeting a date around 1/4. I’m also planning to take time off from work to study from 12/16 to 12/20. Since Big 4 gives us the time off from 12/23 until 1/6, I’ll be able to study 6-8 hours a day during that period, aiming closer to 8 hours whenever possible.

There’s a chance I’ll be taking a short vacation for a weekend in early December, so I likely won’t be studying during that time. Given this, do you think I’ll still be allocating enough study time overall to be ready for the 1/4 target date?

When I passed my SIE and Series exams on the first try, I mainly focused on reading the textbook, watching minimal videos, and doing tons of MC questions. I’d appreciate any advice on how to improve my study strategy or make sure I’m fully prepared for the exam. Thanks so much for the help!

1 Comment
2024/11/03
21:21 UTC

1

FAR-INCOME TAX

Hi, I'm struggling to understand the income tax concept (using UWorld). Are there any good lectures on YouTube to help me with that?

2 Comments
2024/11/03
21:03 UTC

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