US CPA: According to the American Institute of CPAs (AICPA), the US CPA exam is scored on a curve scale of 0 to 99. The candidate needs to score 75 or more to pass the CPA exam and become a Certified Public Accountant. But, you might ask how to score that? No one understands CPA exam scores and grades. Does 75 mean percentage, marks, or points? Is the US CPA exam graded on a curve? …
Mr. Shailesh Haribhakti, one of the most renowned CA’s in the current times emerged as a national scholar in 1971 after passing the Indian School Certificate exam with a top rank in the country.He was offered a scholarship at Cambridge but he declined it. In 1950, Haribhakti & Co was founded by his father who himself is the most tenured living and practicing CA at the age of 91 and was a past President of…
This is Wasim; please find my strategy to prepare for CPA-FAR exam given below. – Don’t try to learn FAR like remembering theory, understand the concepts. – Finishing FAR in 3 months if possible, I finished it in 3 months. You need to study for 2 days of the week-ends and daily for at least 3 hours which is minimum (For working candidates). – Give 4 mini-tests per week for the modules you already completed…
CPA-FAR Exam: PRACTICE! PRACTICE! Practice was the main key in clearing my FAR Exam with 83. Followed almost the same strategy which I made during REG preparation. Conceptual clarity is must to crack any exam. This can be achieved through continuous practice and revising the chapters. Revising once and twice was not sufficient for me. So I kept on revising it until I am thorough with the concept. Because every time you revise, you come…
Hi Everyone, I’m Rishika. Here, I’d like to share my study strategy for the CPA-FAR section. As I walked out of the exam center, I felt an immense sense of relief, I looked at my parents and told them that I knew I was passing FAR. This was totally different from what I had heard people say after they gave their exams. Most of the feedback I got back from people giving FAR was negative…
US CPA (US Certified Public Accountant) is one of the highest accounting credentials administered by the American Institute of Certified Professional Accountants (AICPA). CFA (Chartered Financial Analyst) is a globally recognized credential in the field of financial management and investment management. The CFA Institute administers it. Certified Public Accountant: US CPA exam is a single-level toughness exam. It is divided into 4 parts BEC – Business Environmental Concepts FAR – Financial Accounting and Reporting REG…
What is CPA (Certified Public Accountant)? A Certified Public Accountant or CPA is a respectable credential that is given to one by the American Institute of Certified Public Accountants (AICPA). One can achieve this credential by successfully passing the Uniform CPA Examination and also by meeting certain educational and experience requirements. All over the world, different countries have certifications equivalent to that of CPA like the CA designation in India. The US CPA is one…
There are many career options for aspirants who want expertise in the field of finance, accounting, taxation, business, etc. that offer good pay and better employment opportunities. Out of many courses, CPA (Certified Public Accountant) and CA (Chartered Accountant) designations conferred to qualified accountants. But, which one is better? Let’s go into detail about both the courses. https://youtu.be/n6mOh4XkPQQ Certified Public Accountant (CPA): A Certified Public Accountant (CPA) is a professional who has passed the Uniform…
The CPA-REG (Regulation) exam tests the understanding level of the candidate at legal matters in a business context and taxation at a federal level. The REG CPA exam covers the topics of business law and federal taxation. Let’s go through the complete details of the CPA regulation exam structure. CPA-REG Exam Topic Areas: The REG section is a 4-hour long exam. It includes below topics: Content Area Allocation Business Law 10 to 20% Professional Ethics…
The CPA-FAR Exam section covers topics like financial transactions, financial statements, GAAP, and reporting for nonprofits. Most CPA aspirants consider FAR to be the challenging one among the remaining CPA exam sections because of its length. This exam is also considered as difficult because it tests the candidate’s understanding of statement presentation, financial reports, and business transactions using IFRS, GAAP, and governmental accounting systems. There’s also common to see topics like benefits of the employee,…
