I spend a lot of time yelling at you kids trying to tell you what to do: schedule early for the last window of the year, don’t overload yourself by trying to take on too many exam parts at once and be sure to bring your ID to Prometric (lay it out like your clothes on the night before the first day of school so you don’t forget).
Nag, nag, nag. I do it because I care and I want to see every accou ig CPA dreams achieve their goal, even when that means a major risk for capital markets (you know who I am talking about, there are some people who shouldn’t be allowed within 50 feet of a balance sheet).
But let’s put all of that aside for now and talk about ways to blow it. I mean really blow it. Unlike most of my tips, if you follow these you’re pretty much guaranteed to fail.
Schedule too many exam parts in one window This is a common mistake, mostly for newbie CPA exam candidates. You get all excited and have three months to waste before starting work in the fall and decide to take as many parts as you can in a window just to get it over with. Great. Of course, you realize halfway through the first chapter of REG that you have too much on your plate and end up blowing all three. Congrats, you’ve just learned an important lesson: take it easy. We say no more than two exam parts per window and unless you will get fired if you don’t get this stupid CPA in the next 6 weeks, stick to that rule.
Put your social life (substitute “work life” for social life here if you don’t have one) ahead of the exam If you have a life, congratulations, but it’s going to have to get back burnered for a minute while you tackle this thing. You don’t have to break up with your girlfriend but if she isn’t in accounting and going through the same misery as you, you may have to cut her off for awhile so you can concentrate. You know, only if she’s that kind of girlfriend. Your friends will get over it. Try surrounding yourself with other, equally-miserable CPA exam candidates like yourself. They’ll never be available and will only pester you via text when they are procrastinating.
Study only when you feel like it This one is great for totally blowing it and if that’s your goal, all you have to do is tell yourself you’ll study after work or when you get a chance or maybe after the game is over. Without a solid study schedule, you’ll quickly realize you never feel like it.
Blow off the multiple choice and just watch CPA review videos Hey listen, in a former life I pawned CPA Review wares 60+ hours a week and let me tell you, we liked it when students got addicted to videos, it pays the bills. But we liked it better when students also did the homework because that meant they passed and failing students don’t help our numbers nor testimonials. So go ahead and stick with the “I’m going to watch FAR thirteen times until it totally sticks in my brain” method, it means more money for repeats and we liked that too.
Spend every moment obsessing over things that aren’t often tested or worth much (like research) Want a surefire way to fail? Focus on the minute details and obsess over rarely-tested information, ask questions in Live class about your own 401(k) instead of pensions and get really bent out of shape over tiny punctuation errors in your review texts. Chances are if this is your strategy, you’ll not only fail miserably but piss off a few CPA review instructors in the process. Good luck with that. Really.
Interesting there must be a shortage of people they can promote from manager to senior manager because so many don’t have their CPAs (or at least the people they would prefer to promote).
I remember being told by multiple people that I should focus on working instead of getting my CPA within my first 2 years of employment at the firm BECAUSE it didn’t matter.
Thankfully I disregarded that advice and got my CPA in 1.5 years…that was absolutely brutal and looking back it only made sense to help land my next opportunity. The personal/professional sacrifices to pass all 4 sections of the CPA didn’t seem worth it at the time.
Nearly 10 years into my career, I am in a comfortable place in my career, thanks to that sacrifice, and those that told me to not get my CPA are stuck as managers…hopefully they can pass soon otherwise I’m sure these firms will have no issue “trimming the fat”.
You need your CPA to be promoted to Manager at any top 100 firm.
For tax, you just need to be an EA. Maybe it’s different for other groups, but I know for a fact you can be promoted to tax manager with just at EA and no CPA. Promotion to Senior Manager requires a CPA.
not always. They are desperate for experienced professionals who can supervise.
“…our evolving talent strategy that prioritizes investing in the next generation of CPAs from day one,” said the firm on its 360 Careers page.”
Wow, this is some real bullshit. The firms aren’t investing in the next generation of CPAs. They’re investing in AI so that they can fire all their CPAs, so that the current partners can pocket even more cash. This $10k bonus is just the latest example of the firms throwing a (very small) bone to the help in order to distract from what they’re actively doing to destroy the accounting professional in the name of short-term profits.