Auditing concepts can be difficult to understand, because an audit requires a different set of skills than posting accounting transactions or generating financial statements. To succeed on the Audit CPA exam (AUD) you need to put yourself in the shoes of an auditor, and understand the tests performed to issue an audit opinion.
CPA Exam Tips
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I have received many emails asking which section of the CPA exam is the best to take first. The CPA exam you decide to tackle first is a very important decision and can effect how well you perform on the remaining 3 sections. Below I will help you choose which section you should take first to give yourself the highest probability of passing all four sections your first time through.
Reviewing the material for an entire section of the CPA exam can feel overwhelming and intimidating. Your final review is the last chance you’ll have to cram as much knowledge into your brain as possible.
How you approach this can very easily be the difference between passing and failing, no matter what review course you have at your disposal.
My apartment was only steps away from the sand and off in the other direction was a string of endless bars that occupied the party filled city of Pacific Beach, California. Not exactly the optimal location for calculating bond amortization, but here’s how I stayed motivated anyway.
I was two months into my new accounting job where I sported the glamorous job title of intern and was given the opportunity to utilize my God given skills of data entry.
But honestly, I was just happy to be one of the few people who had a job coming out of college, even if it did pay less than my previous occupations of waiting tables and working construction.
Due to my boss’s demands to complete tasks I had no idea how to do, I was no stranger to working 50+ hours a week. Perfect time to take the CPA exam, right?
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The Document Review Simulations (DRS), also referred to as SIMs, test your ability to complete a realistic task that simulates something a newly licensed CPA might do on the job.
The simulations are not multiple-choice questions and require you to come up with your own answers to the problems. This part of the exams is heavily weighted and can cripple your score if not approached correctly. Below are 4 tips to help you prepare for the CPA exam Simulations.