CPA Exam Review: After you are approved by your State Board of Accountancy to sit for the exam, there are sets of tasks you need to accomplish if you want to pass the CPA Exam:
1. Handle all the administrative tasks so that you can sit for the exam. a. After you send in your application to sit for the CPA Exam, your State Board approves your application and NASBA (National Association of State Boards of Accountancy) will send you a Notice to Schedule (NTS). b. When you contact Prometric to schedule your exam date, Prometric will ask for specific information contained on the NTS. c. Look up the CPA Exam Schedule on the Prometric site to select a date, time, and testing location. d. Though Prometric has thousands of testing sites around the world, only about 300 of them in the U.S. and its territories offer the CPA Exam. Do not assume that the Prometric test site in your neighborhood gives the CPA Exam.
2. Be prepared for exam day by studying. a. There are four sections to the CPA Exam: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). b. CPA Exam Preparation, CPA Exam Prep and CPA Review are all synonymous for ways to study for the CPA Exam. c. You can use CPA Exam Review books, test yourself with CPA Exam sample questions, take a CPA Exam sample, and join a CPA Exam Forum. At CPAexcel, you can join free Student Discussion sections. d. With CPAexcel, you can sign up for Professor Mentoring: an accounting professor will answer your questions, show you how to solve problems, and identify topics which have troubled students in the past. An excellent review course will include study tools which support your learning style, whether you are a visual, auditory, or kinetic learner–or any combination thereof.
CPA Exam Sample Questions
CPA Exam Review Questions: In order to pass the CPA Exam, you need to be prepared to handle several categories of questions: Multiple Choice Questions, Task-Based Simulations, and Written Communications.
The formula for the mix of questions will change from 2010 to 2011. These are:
Multiple Choice Questions are in each of the four CPA Exam sections now and will continue so in 2011.
Task-Based Simulations are in a long format in 2010. Task-Based Simulations will be in a short format in 2011. Written Communications are in AUD, FAR and REG in 2010 but will be deleted from those sections in 2011.
Written Communications will be added in BEC in 2011. (There are none in 2010.) A Research Question will be added in 2011 to AUD, FAR and REG. (There are none in 2010.)
The weight of the questions will change from 2010 to 2011. Multiple choice questions will carry less weight in 2011 in AUD, FAR and REG, dropping from 70% of the score to 60% but Task-Based Simulations will double to 40%.
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