Certainly CPA exam is one of the more challenging competency exams and anyone who wishes to earn a CPA license has to take it.
It’s quite hard but with the right planning, taking the exam can go much more smoothly. Here are three tips to help your preparation for handling the exam:
1. Learn the Requirements of Your License
While the Exam is uniform throughout the Boards of Accountancy, the requirements to sit for the Exam are not. One board may require you to have 120 qualified credit hours to take the Exam, while another board may require 150.
The best way to navigate this is to research the various board requirements and determine which state or jurisdiction you plan to hold a license in (you can find all of the information in NASBA’s Accountancy Licensing Library).
Occasionally, we’ll have students try to take a shortcut by sitting for the Exam in a state with fewer requirements than the one they wish to be licensed in. This often causes a lot more delays and problems for those candidates. We recommend sticking with the requirements of the board you wish to receive licensure from.
2. Don’t Schedule More Than You Can Handle:
Once you’re qualified to sit for the Exam, it’s up to you to schedule when you will actually take it. The Exam is divided into four sections. There are four testing windows each year. While you can take all four sections in one testing window, we recommend not signing up for more than two sections at a time.
In most jurisdictions, the Notice to Schedule (NTS) is valid for six months or two testing windows. Most candidates seem to be able to handle this pace, as it allows enough time to study between each section.
3. Be Flexible
Delays are not uncommon, so be flexible. There are lot of things that need to come together for each candidate to take the Exam. Sometimes there’s a delay in transcripts being sent. Sometimes candidates are unable to schedule an appointment to take a section because it’s already booked up. Sometimes unforeseen circumstances cause scores to be released late.
Go into the process expecting to be flexible. The earlier you can start planning things, the smoother it will likely go. Also, stay on top of your records and communicate regularly with us to make sure something isn’t missing.
Taking the Exam is one of the most challenging parts of becoming a CPA. With these tips, however, a lot of unneeded stress can be avoided, allowing you to focus on studying and passing.
Good luck future CPAs! 🙂