About CPA – US Exam
A Certified Public Accountant (CPA) is one of the highest standards of course in the field of Accountancy across the world. The American Institute of Certified Public Accountants (AICPA) conducts the CPA exam, which is one of the largest Public Accounting Body in the world.
In order to be eligible & appear in the CPA exam, most of the states in the Unites States of America require the same set of qualifications of the candidates, in general M.Com / M.B.A. / ICWA / CA are eligible to appear in the CPA exam. Few states have their own CPA requirements slightly different from the above.
Basic eligibility criteria is given below:
- Identity of Citizenship
- Restriction of Age
- Requirement of Education
- Identification of Social Security
- Work Experience
The main requirement is that the candidates should have completed a bachelor’s degree or 120 college credit hours in order to be eligible for the CPA exam. For a candidate to become a licensed Certified Public Accountant (CPA), he or she first must pass and clear the Uniform CPA Examination. The CPA Exam is a computer-based test and takes a total of 16 hours for all four sections. The CPA Exam consists of four sections. They are like –
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG).
Candidates may take each part in any order of their choice, as long as they should pass all four sections within 18 months, getting a minimum score of 75 on each part of the section. It is necessary to understand a 75% or a C+ grade is not relevant to a passing score. The candidates should achieve at least 75 points in order to pass the CPA exam.
The CPA exam consists of three testing components:
- Questions with Multiple Choices
- Simulations with task-based
- Tasks with Written Communication
All the Candidates who attempt the CPA exam may not clear in first attempt because the CPA exam is one of the hardest examinations to pass. Proper and perfect preparations is essential.
5 Ways to pass the CPA Exam in First Attempt
- Time Management
- Focus on Exam Preparations
- Cover ALL sections of Study Materials
- Prepare a proper Study plan
- Divide the examination course into several deadlines in the above plan
Time management is the main factor for the candidates, who are appearing for the CPA exam. Candidates must free themselves and give most of the time for the CPA exam preparation. Keeping aside their personal family problems, Office workload, and many other things. Studying is like dedicating totally yourself to that deed.
If you want to see positive results, you have to be consistent, make your mindset positive, be hardworking and concentrate wholly to get your aim for success at any cost. While preparing for the CPA exam, focus at study and do not distract yourself, put all time to study and get well prepared for the examination.
Due to exam nervousness, candidates get confused about what to study when and how? It does not matter whether you are studying for 4 hours at night or 4 hours in the early morning. Always have a definite focus and try to pay and get much more concentration with attention to get more out of your study time. This way of studying will actually help to improve your memory level about the subject which you are studying. This will also reduce your tensions of not being prepared well.
Always be consistent and positive which will give you a proper constant mindset and will make you have attended only to your course study to get a good result in the examination.
Candidates, while preparing for exams, sometimes skip a few sections of the study materials. This is the main major mistake they do. Nothing should be skipped in exam preparation.
Everything has to be studied accordingly by giving equivalent importance and the exact amount of time to each section to study well and to know it better. If you study thoroughly the whole study material without leaving any section, the CPA exam will be surely passed.
The CPA prep course has its role, and getting a CPA prep course software is one of the most important things you can do to meet your learning and studying necessities. But with this, it is necessary and relevant to have a good study plan on the basis of having a Daily / Weekly/ Monthly study schedule, which will be easy to chalk out your subjects in the way you would like to study and prepare yourself for the CPA exam. Be sure and positive to do this plan before you start your day one of studying for the sections you want go with.
A planner should be on your desk or the wall opposite. Must be marked on a daily basis at the end of day before you go to sleep
Most of the candidates who are preparing for the CPA exam usually do not keep deadlines. If you keep deadlines in your study plan it is easy to prepare and complete the whole sections of the course materials.
Keeping deadlines will help you to make your preparation fast and also gives you time to revise and rectify your faults while studying. If you really keep deadlines for each and every section, you are forced to study and complete the section in time or before the deadline. So be habituated to have deadlines for each section you study initially.
Candidates who are appearing for the CPA exam should keep these above points in mind and start to prepare for their CPA exam efficiently to get good results. Hope this article will help you to understand how to pass the CPA exam in the first attempt? To know more about the CPA exam and register please visit our website https://edudelphi.com/
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