Best Way to Study for the CPA Exam

The Best way to Study for the CPA Exam Studying for the CPA Exam With Visual Learning If you are planning to sit for the CPA exam, then you may have already read up on how there are four parts of the exam, including Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). What you may not know, however, is that there are ways to learn these topics in a visual way so that they become easier to grasp as well as more memorable.  As far as CPA test prep programs go, Universal CPA Review is the gold standard for visual learning. Our team has compiled a list of techniques that will help you in your CPA exam preparation. Applying these CPA exam study techniques will help simplify the more challenging concepts and allow you to actually learn the information without having to kill yourself by memorizing a bunch of words. We firmly believe that while studying for the CPA exam is challenging, it’s not rocket science.  Don’t believe me, our students also agree to apply visual learning to your CPA exam, studies is truly the best way to study for the CPA exam. Sign up for a free 7-day trial in the Universal CPA platform to see just how powerful visual learning can be!     Retaining CPA Exam Information When you understand how to break down and study questions, you can better focus on what is being asked. Additionally, by understanding the question, you can more effectively find the answer within the time limit. This is a critical skill for passing the CPA exam. Understanding not only the words in the question but also understanding which answers are right or wrong can make all the difference.  CPA Exam Time Management Studying for the CPA Exam is hard enough as it is, but you must also be cognizant of time. Many people who are looking to pass the CPA exam find that visual learning s beneficial. This is because when you can see the information, you are more likely to understand the questions. In addition, visual learning can help you manage your time better. With a proper study schedule, you can make sure that you are allocating enough time to each subject. This can help you avoid last minute cramming and feeling overwhelmed by the material. CPA Exam Tips and Strategies The CPA exam is all about understanding questions and applying the concepts you’ve learned. Sometimes, traditional methods of learning can make this difficult. However, visual learning can help you see and understand the information in a way that makes more sense to you. This can lead to improved grades and a better chance of passing the CPA exam. CPA Exam Study Aids When it comes to studying for the CPA exam, there are a ton of different productivity apps out there that can help you make the most of your time. I personally love using apps like Evernote and Trello to keep track of my notes and study materials. Or you could just simplify write them down on paper! Brain Training Exercises Just as we exercise our bodies to stay physically fit, we need to exercise our brains to stay mentally sharp. Studies have shown that brain training exercises can improve memory, focus, and other cognitive skills. It is critical to keep your brain sharp throughout your CPA journey! Mindset is Everything The CPA exam is all about mindset. If you approach it with a positive attitude and the belief that you can do it, you’ll be much more likely to succeed. The same goes for visual learning. Seeing information presented in a visual way can help you better understand and remember it. So if you’re studying for the CPA exam, don’t just read the material—try to visualize it as well. Conclusion The CPA exam is a notoriously difficult test to pass. Many students study for months, only to find themselves struggling on test day. Thankfully, there are ways to make the studying process easier. With the visual learning approach used by Universal CPA Review, you’ll knock out the CPA exam in no time! Facebook LinkedIn Start a free 7-day trial! You’ll have full access to the Universal CPA platform which includes video lectures, ebook, MCQs w/ video explanations, and simulations with video explanations. Click the button below to sign up for a free trial. No credit card required.  Start Free Trial Read other recent posts Accelerated Depreciation Accelerated depreciation far exam cpa review Learn more Hello world! Welcome to MeanPug Multisite Network Sites. This is your first post. Edit or delete it, then start writing! Learn more

12 Tips to Pass the CPA Exam

Use as many or as few of these CPA exam tips as you want! Tips to Pass the CPA Exam Passing the CPA exam starts with using the Universal CPA Review course. If you’re studying for the CPA exam, then these 12 tips will help you pass the CPA exam. These tips can be used if you’re just starting or you have been studying for several months. Use these 12 tips to help shape your study schedule and approach to pass the CPA exam.  Tip #1 – Know the mission Stand in front of a mirror and tell yourself exactly why you want to become a CPA! Whenever you are struggling, go back to that mirror, and remind yourself why you started on this mission!   Tip #2 – Construct a schedule Start by determining how many hours per week you can study. How many hours can you study before work? How many hours after work? How many hours on the weekend? Once you have the total amount of hours you can study per week, divide by 150 hours, and that will help you determine how many weeks it will take you to study. The 150 hours is a rough estimate, but can be used to help you understand a realistic timeline. Communicate your schedule to family, friends, and co-workers. The people in your circle need to respect your schedule!   Tip #3 – Study new topics in the morning Learn new topics in the morning. Your brain will be fresh and ready to absorb! Review the topics you learned during lunch and practice a few multiple choice questions if you have time! Review your notes before you go to bed! At this point, you have touched the material multiple times throughout the day! Start a Free 7-day Trial Today! You’ll receive access to video lectures, study guides, and practice questions! Start Trial Tip #4 – Create a mental map Every single topic on the CPA exam can be broken down into a series of repeatable steps. Develop a set of steps you can reperform to answer every single MCQ and simulation you will see on a topic. You will repeat these steps on exam day for every single MCQ and simulation when the pressure is on!  Tip #5 – Lecture yourself Watch the lecture or MCQ/SIM explanation video in your CPA review course and then stand in front of a mirror and explain the concept or answer to a problem out loud to yourself. Tip #6 – Keep an inventory of notes Maintain 1 page of notes with concepts that you are struggling to understand/retain. Think about notes as inventory in your brain. Once you know the topic, remove it from your notes! Minimize the amount of “inventory” in your notes! Tip #7 – Perform cumulative quizzes or progress tests Perform cumulative practice quizzes/tests on a weekly basis. For example, if you just completed Chapter 3, do a practice test that selects 25-30 MCQs at random from Chapters 1, 2, and 3! Knowledge needs to accumulate, just like a snowball does! Tip #8 – Silence your phone while studying It can take you up to 23 minutes to regain your focus after a disruption. How important is that text message or Facebook notification, right? Put your phone on silent mode and that will help you stay focused! Tip #9 – Maintain healthy lifestyle habits Maintain a healthy and balanced diet! Maintain a consistent sleep schedule! Exercise will energize and motivate you! Tip #10 – Maintain balance Set aside time on Saturday or Sunday to just live your life… Spend time with your family/friends… go out to dinner… You have to find a balance to stay on the path to success! Tip #11 – Join a CPA study group By joining a CPA study group, you will find a sense of community. You will be able to ask questions to other candidates, and respond to questions other candidates ask. The questions can be general CPA exam questions or specific technical questions. To join the Universal CPA Facebook and Reddit study groups, click here. Start a Free 7-day Trial Today! You’ll receive access to video lectures, study guides, and practice questions! Start Trial Tip #12 – Utilize free CPA content There is free content related to the CPA exam online, you just need to know where to look. The Universal CPA YouTube channel is the #1 source for free online videos. You should also attempt the AICPA practice tests for each exam, which can be found here. The Universal CPA Review team prepared a video that goes through these helpful CPA exam study tips, which can be found below: https://www.youtube.com/watch?v=kY3x8IeaOWU&t=19s If you are studying for the CPA exam, then sign up for a free trial to have full access to the Universal CPA platform for 7 days here. Universal CPA is the only course that has visual learning and bite-sized video explanations for every single MCQ and simulation. To learn more about the Universal CPA course and watch or schedule a demo! Multiple Choice Questions Universal CPA Review is truly special as it is the only CPA study material that comes with video explanations for every single CPA exam question! Additionally, we offer both CPA exam questions that have been seen on previous exams, as well as those that are uniquely created by our team of instructors and subject matter experts. The solutions in our CPA exam questions don’t just come with a block of text, and we don’t ask you to interpret them on your own. Our CPA study material takes a visual approach throughout the entire course, and that even includes the solutions to our CPA exam questions! 

Passing CPA Score

A 99 is the highest score your can receive on the CPA exam. How likely is it that you will score a 99 on any section of the CPA exam? Well, it’s highly unlikely, but aim high, miss high, right? While the passing CPA score is a 75%, Ryan, a Universal CPA student, recently scored a 99 on the REG section of the CPA exam. Matt Reinhold, the co-founder of Universal CPA, sat down with Ryan to understand the strategy and approach he deployed to score a 99. If Ryan scores insanely high on his other exams, we’ll be sure to share his tips and advice for those specific sections! If you haven’t yet tried the Universal CPA course, sign up for a free trial using the link below:

3 Reasons to use Universal CPA as a supplement for the CPA exam

You’re struggling with the review course you spent thousands of dollars on and now you’re looking for additional resources to help you prepare for the CPA exam. Good news. You’re in the right spot! While Universal CPA can be used as a stand-alone course, it is also a great supplement to other review courses for 3 main reasons. These 3 main reasons are discussed in further detail below with examples, but here is the big picture explanation with a Universal co-founder: 1) Bite-sized video lectures: Video lectures are used to develop a base level of knowledge. Most review courses have long and boring lectures that leave you wondering what you just learned. Universal CPA uses bite-sized video lectures to help you build a base of knowledge that is applied to MCQs and simulations. You will learn a mental map for each topic, which is a series of steps that can be used to answer the types of questions you will see for that particular topic. Below are a few examples of our bite-sized video lectures: 2) MCQ explanation videos: It is extremely important that you understand the AICPA licensed MCQs as those will be representative of what you will see on the exam. Most candidates believe that they need to practice more new MCQs. The reality is that you should spend more time understanding the AICPA licensed MCQs at a deeper level, and the MCQ videos help you do just that. We’ll use the mental map and other visuals to help dissect the MCQ and solve with a series of steps that you can repeat on exam day. Below are a few examples of MCQ videos: 3) Simulation explanation videos: Let’s be honest. It’s tough to go from practicing MCQs to practicing simulations. Simulations are robust and difficult, and they take a bunch of time to try and solve. Wouldn’t it be better if there was a video that explains the directions, the purpose of exhibits, and then walks you through how to complete the simulation? That is exactly what we do in each simulation explanation video in the Universal course. You will walk away feeling better prepared for a similar type of simulation you will see on exam day! Below are a few examples of simulation videos:

CPA Exam Tips: Day of Exam

So you have your test scheduled for the CPA exam, but have you thought about what exactly you need to do prior to sitting down at the computer at the Prometric center? Everyone will have their own checklist or routine, but please think about it ahead of time! Universal CPA Review has listed out the best times to bring to the CPA Exam on exam day. 1) Triple check your test date location and time – I learned this the hard way and I actually missed my CPA exam section. The day before, please confirm your test date location and time. Do the same thing the morning of! You do not want to miss your exam or be late! This will be on your NTS for the CPA Exam, which you have to bring with you! If you want to learn more about how to get your NTS for the CPA Exam, you can check out our page on how to apply for the CPA Exam. 2) Plan your meals and morning – Plan what time you will wake up for your CPA Exam. Depending on when your exam is scheduled, you might even need to eat both breakfast and lunch. Another helpful tip, try not to eat a meal that will make you tired or upset your stomach. You might wonder what you should do right before your exam, what I will say is that if you have additional time before your CPA exam, it is best to just relax and clear your head. 3) Plan the commute – Another “day of your exam” tip, know exactly how long it will take you to arrive at the Prometric center and the route you plan to take. Make sure you account for rush hour traffic or any other traffic delays that could be possible like construction. I would plan to arrive at least 30 minutes before you are scheduled to start your CPA exam section. 4) Pump yourself up in the car – When you arrive at the Prometric center, take a few minutes to collect yourself. Take a few deep breaths. Listen or sing to your go-to pump-up song. Take a final look at your notes. My point is that you do not need to put your car in park and run inside. 5) Walk in and crush it – This one is self-explanatory. You’ve worked hard for weeks/months, so be confident in what you know, and understand that you’re not going to ever know every detail that is tested on the CPA Exam. So, go in and crush the CPA exam section that you studied so hard for! 6) Go celebrate and unwind – Simply sitting for a CPA exam section is a big accomplishment in itself. This means you worked hard and studied hard. Celebrate the milestone by doing something you absolutely love! Go to your favorite bar or restaurant, enjoy a hobby, or go home and just relax! If you have any other helpful tips, shoot us an email at [email protected]! Best of luck and go crush your CPA exam!

Best YouTube channel for CPA exam help?

If you typed this question into Google, then you are looking for additional resources on YouTube to help explain complex topics that are tested on the CPA exam. You are likely using a traditional review course that reads the book to you and has you underline/circle everything on the page. Is that how a college educated professional should learn? No, that method of learning is outdated. Universal CPA Review is the only CPA review course that uses visual learning and a step-by-step approach to simplify complex topics. The Universal team has posted content on YouTube for common topics that students struggle with and has been instrumental in helping candidates pass their exams. While only select topics are posted on YouTube, the Universal CPA channel is a valuable resource. Visit the link below to navigate to the Universal CPA YouTube channel: Below is a sample of popular YouTube videos on topics that are frequently searched by CPA candidates. Take a spin through the content and see if you find the visual delivery of information helpful!

CPA Exam Pass Rates [UPDATED for 2024]

Image showing the pass rates for the CPA Exam in 2024

CPA Exam Pass Rates [UPDATED for 2024] Learn about the recent trends in CPA exam pass rates and what you need to know! Trustpilot CPA Exam Pass Rates The AICPA releases the pass rates for each section of the CPA exam on a quarterly basis. The pass rates are typically released two or three weeks after each quarter end. Universal CPA Review quickly processes and shares the latest CPA pass rate information with a breakdown of the trends.  Should a CPA candidate care about the latest trends in the pass rate? To an extent, yes. The trends by section can be compared to the latest CPA exam changes to understand the impact on exam performance. Universal CPA Review uses this information, along with student feedback, to ensure that the material in the course is best aligned with what a CPA candidate will be tested on. Multiple Choice Questions (With Video Explanations)! Universal CPA Review is truly special as it is the only CPA study material that comes with video explanations for every single CPA exam question! Learn More Is The 2024 CPA Exam Harder? The CPA Exam is still the CPA Exam, and it is never going to be “easy”.  Just because there are now technically six CPA Exams that you can take as you still only need to pass four CPA Exam sections to obtain your CPA license. In fact, our experts predict that the CPA Exam pass rates will go up!  https://youtu.be/tRUcpvYCpgQ Check out why we think the CPA Exam is now easier! CPA Exam Pass Rates The AICPA releases the pass rates for each section of the CPA exam on a quarterly basis. The pass rates are typically released two or three weeks after each quarter end. Universal CPA Review quickly processes and shares the latest CPA pass rate information with a breakdown of the trends.  Should a CPA candidate care about the latest trends in the pass rate? To an extent, yes. The trends by section can be compared to the latest CPA exam changes to understand the impact on exam performance. Universal CPA Review uses this information, along with student feedback, to ensure that the material in the course is best aligned with what a CPA candidate will be tested on. AICPA 2024 CPA Exam Pass Rate Core CPA Exam Pass Rates (2024) Exam Section First Quarter Second Quarter Third Quarter Fourth Quarter Cumulative AUD 44.63% 44.63% FAR 41.92% 41.92% REG 63.42% 63.42% AUD: AUD CPA Exam candidates saw a ~4.7% decrease in Q1’24 from their cumulative performance in 2023.  The Audit 2024 CPA Exam format is the most similar section from prior years as the majority of its content has stayed in tact. The AUD CPA Exam section remains extremely conceptual and is the only section that comes with some subjectivity in its answer choices.  There can be many reasons for the decrease in AUD CPA Exam scores in Q1 of 2024. The most obvious reason is likely the changes made to the new CPA Exam testing windows. CPA Exam candidates are likely struggling to find a groove and find the right approach heading into their exam studies this year. If you failed the AUD CPA Exam section in Q1 of 2024, we highly recommend finding the best CPA review course that allows you to truly grasp the flow of the audit engagement.  FAR: FAR CPA Exam candidates saw their scores increase slightly in the first quarter’s score release of 2024 from their cumulative performance of 42.12% in 2023. Overall the FAR CPA Exam content tested in 2024 is less voluminous from years past. Much of the most challenging FAR CPA Exam content has been removed from this core CPA Exam section and has been shifted over to the new BAR discipline section.  Stay tuned, as we still believe that it is only a matter of time before FAR CPA Exam scores go up.  REG: Finally, the REG CPA exam saw its scores increase by roughly 6% in Q1, 2024.  REG scores will likely remain higher as this was another core CPA Exam section that has seen much of its content shifted over to its new discipline subject matter, TCP. While the REG section remains tax-heavy, it’s important to find a CPA review course that breaks this down into a bite-sized digestible format.  Discipline CPA Exam Pass Rates (2024) Exam Section First Quarter Second Quarter Third Quarter Fourth Quarter Cumulative BAR 42.94% 42.94% ISC 50.93% 50.93% TCP 82.36% 82.36% BAR: BAR saw the lowest CPA Exam scores in the first quarter of 2024. While this exam is most similar to the FAR section as it covers many advanced financial reporting topics, this section also incorporates many managerial accounting topics as well. This is a math-heavy exam, which will definitely make it one of the more challenging discipline sections to attack.   ISC: ISC experienced around a 51% CPA Exam pass rate in Q1 of 2024. This is certainly the most unique discipline out of the three, and has the fewest concepts that pertain to the Audit Core CPA Exam section that prefaces it. This section had the fewest CPA Exam candidates take the exam in Q1 of 2024, so it is still too early to accurately determine what the future pass rates for this discipline section will be.  TCP:  The TCP CPA Exam section had the most lop sided scores out of any CPA Exam section taken. With a whopping 82.36% pass rate in the first quarter of 2024, it’s safe to assume that the jury is still out on what these actual CPA Exam pass rates will be.  Q1, 2024 CPA Exam Score Conclusion It is still way too early to determine what the CPA Exam parr rates will be in the new CPA Evolution format. The reality is that very few CPA Exam candidates took the exams in Q1 of 2024, and an unprecedentedly low amount of CPA Exam candidates sat for any of the discipline sections. Bottom line is that it is still way too…

CPA Exam Sample Questions

AICPA Sample Test The AICPA offers a sample test (linked here) for each section of the CPA exam and includes multiple choice questions and task-based simulations. Universal CPA Review highly recommends you attempt the AICPA practice test as the questions have historically been very similar to what a candidate experiences on exam day. AICPA Sample Test If you have attempted the CPA sample exam, then you may know that there aren’t any explanations for the example CPA exam questions. Also, you will notice that the explanations for the CPA simulations examples are very brief. As such, the Universal CPA team has imported the CPA example simulations into the Universal CPA Review platform. We have brought in all the exhibits so that you can experience what it is like to navigate through 5+ of them! Additionally, we have explained each of the examples of task-based simulations in detail through text and video explanations. These are extremely important to learn at a sufficient level, so we recommend attempting them!  Below is an Excel file that includes the mapping of the CPA example simulations for each AICPA sample test to the corresponding section/chapter/module in the Universal CPA Review platform.  Download Mapping File If you do not have a Universal CPA account, you can sign up for a free trial here. You’ll have access to certain modules within the course 7 days. This is an excellent opportunity to focus on these simulations and see some other unique CPA exam multiple choice practice questions and simulations prepared by Universal CPA Review. Start a Free 7-day Trial Today! You’ll receive access to video lectures, study guides, and practice questions! Start Trial Sample CPA Exam Questions:  Regardless of the CPA exam section that you are studying for, practicing sample CPA exam questions is the best way to ensure that you are prepared come exam day. Below are a few topics that we recommend spending extra time studying for each section:  CPA FAR Exam Questions:  Make sure to focus on the following topics:  Bonds Leases Governmental accounting  Statement of cash flows Adjusting journal entries Cash to accrual accounting CPA FAR Simulation Examples:  Some of the most common CPA FAR simulations that you can expect to see on exam day include those for: Bonds (effective interest method tables) Leases (lessor and lessee accounting) Comprehensive income statement (preparing the income statement) Earnings per share (know both basic and diluted EPS).  CPA AUD Exam Questions:  Make sure to focus on the following topics:  Transaction cycles, transaction cycles, transaction cycles! Know the different audit opinions and reasons for modification Miscellaneous topics such as other-matters paragraph details  CPA AUD Simulation Examples:  Some of the most common CPA AUD simulation examples that you can expect to see on exam day include those for: Know the components of audit and fraud risk Be able to evaluate potential misstatements and proposing journal entries Know the various transaction cycles CPA BEC Exam Questions:  Know how to calculate variance analysis questions ABC costing  Know your ratios and what they mean conceptually CPA BEC Simulation Examples:  Some of the most common CPA BEC simulations that you can expect to see on exam day include those for: Interpreting ratios The weighted average cost of capital  Variance analysis CPA REG Exam Questions:  Know the following:  Gross income  Property tax basis calculations Formation and distributions for entity taxation Differences in tax practitioners and tax preparers Rules for agency and suretyship CPA REG Simulation Examples:  Some of the most common CPA REG simulations that you can expect to see on exam day include those for: Know the specific rules for itemized deductions Know how to calculate gains and the basis for recognized gains Know how to recognize the basis for the entity as well as the shareholder during the initial formation of a corporation