Up until now, much of what we have discussed involves the recruiting process for accounting students. In this post, I would like to further discuss our end goal: passing the CPA exam. The exam is taken in four parts: Auditing & Attestation, Business Environment & Concepts, Financial Accounting & Reporting, and Regulation. Of course, it would be best to complete all four parts before starting to work full time. This is difficult, but the firms offer great incentives. Most of the Big 4 give a $5,000 bonus if the exam is complete within the first year of work and $3,000 within two years.
The short time window between finishing school and beginning full time may not leave much of an opportunity to complete the exam. If this is the case, I recommend having two parts done before work starts. With hard work, this can be done over your last free summer. There will be no time at all to study during busy season, so plan ahead!
Last thoughts: use the Becker CPA review. They have the highest pass rate between all the review courses.
-M
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