Going Concern’s Post

From AICPA: To pass a CPA Exam section, you must score a minimum of 75. Have you ever wondered how the AICPA calculates your CPA Exam section scores? Scores are reported on a scale that ranges from 0 to 99. It’s important to know that your total reported score does not represent a percentage correct, nor can you interpret it as such. Scores are not curved. When you fail an Exam section, you’ll also receive a Candidate Performance Report that assesses your performance on that specific section. CPA Exam scoring is treated with a high level of importance, due diligence, and attention to accuracy. Your responses to questions go through multiple quality assurance reviews to ensure scoring accuracy. Your total score is a weighted combination of scaled scores from multiple-choice questions (MCQs) and task-based simulations (TBSs). Get the complete details about CPA Exam scoring at the AICPA website or https://lnkd.in/eEsfZXvD We’d love for you to join us. Learn more about The Lady CPA Network and how to become a member at the link in our bio or https://lnkd.in/eufq9ds

Want to know more about the current CPA exam and strategies for passing? Maybe you are a candidate or a leader wanting to support your team. Join me in this PwC Academy event on Apil 16! #CPAexam #CPA #CPACandidates #accountingandaccountants #accounting #HR #HumanResources #Leadership

From AICPA: To pass a CPA Exam section, you must score a minimum of 75. Have you ever wondered how the AICPA calculates your CPA Exam section scores? Scores are reported on a scale that ranges from 0 to 99. It’s important to know that your total reported score does not represent a percentage correct, nor can you interpret it as such. Scores are not curved. When you fail an Exam section, you’ll also receive a Candidate Performance Report that assesses your performance on that specific section. CPA Exam scoring is treated with a high level of importance, due diligence, and attention to accuracy. Your responses to questions go through multiple quality assurance reviews to ensure scoring accuracy. Your total score is a weighted combination of scaled scores from multiple-choice questions (MCQs) and task-based simulations (TBSs). Get the complete details about CPA Exam scoring at the AICPA website or https://lnkd.in/ekecNsgN We’d love for you to join us. Learn more about The Lady CPA Network and how to become a member at the link in our bio or https://lnkd.in/eSYUJPbf

#AICPADiscussion: Is the AICPA helping or hindering growth in the accounting profession? Who in that organization came up with the 2024 exam changes? CPA Exam Journey: Resilience in Progress 🌟 Just faced a challenging moment in my CPA exam path - didn't pass FAR and it is my last. But here's the truth: setbacks are temporary, growth is permanent. To my fellow accounting professionals and candidates: - Exams are tough - The new AICPA schedule adds complexity- Waiting for 5 months especially those who took it in July, how about those with a 74? - But our determination matters more than any single result Sharing this not for sympathy, but to remind everyone that: ✓ Persistence beats perfection ✓ Every attempt teaches us something ✓ Our professional growth is a marathon, not a sprint Who else is navigating this journey? Let's support each other. 💪 #CPAExam##AICPA #ProfessionalDevelopment##Accounting

IS THE CPA EXAM VERY TOUGH? The Certified Public Accountant (CPA) designation is a highly respected credential in the accounting and finance industry. However, it’s also known for its rigorous examination process. Many aspiring CPAs wonder: Is the CPA exam really that tough? Let’s explore this question in detail. UNDERSTANDING THE CPA EXAM. The CPA exam is a comprehensive assessment divided into four sections: 1. Auditing and Attestation (AUD) 2. Tax Compliance and planning (TCP) 3. Financial Accounting and Reporting (FAR) 4. Regulation (REG) Each section covers a broad range of topics, requiring a deep understanding of accounting principles, regulations, and practical applications. WHAT MAKES THE CPA EXAM CHALLENGING? Breadth and Depth of Content The CPA exam covers extensive material, from basic accounting concepts to complex financial regulations. Candidates need to grasp both the big picture and the intricate details. RIGOROUS STUDY REQUIREMENTS Most candidates spend hundreds of hours studying. The AICPA recommends 300-400 hours of preparation for each section. STRICT TIME CONSTRAINTS Each section of the exam has a time limit, adding pressure to complete questions quickly and accurately. CHANGING STANDARDS The accounting field is constantly evolving, with new laws, standards, and practices. Staying updated with the latest changes is crucial. TIPS FOR SUCCESS: 1. Create a Study Plan Break down the material into manageable chunks and set a realistic study schedule. Consistency is key. 2. Utilize Study Resources Invest in quality study materials, such as review courses, practice exams, and study groups. 3. Focus on Weak Areas Identify and concentrate on your weaker subjects. Continuous practice and review can help strengthen these areas. 4. Take Care of Yourself Balancing study with proper rest, nutrition, and exercise can improve focus and retention. #CPAMentorship #HappyBatch #USCPA #MentorshipJourney #SuccessStories #CPAExamPrep #CareerGrowth #AccountingMentorship #CPAHappiness #CPACommunity #FutureCPAs #MentorshipMatters #AchievementUnlocked #CareerMilestone #InspiringSuccess #CPAPathway #Finance #Accounting #ManagementAccounting #CareerAdvancement #Certification #GlobalRecognition #SkillsDevelopment #Leadership #FinancialManagement #BusinessExcellence #StrategicFinance #CMAJourney #FutureReady #FinanceLeaders #CMAPower #FinanceCareers #Expertise #IndustryRecognition #FinancialPlanning #CareerBoost 

Stop struggling to pass the CPA Exam!👇 If you’re struggling, you’re not alone! Many candidates find themselves in a tough spot – struggling to pass the CPA Exam and juggling their daily responsibilities. What if I told you there’s a better way? 🙌 It’s Time to Reclaim Your Life! I can help you take your life back while effectively preparing for the CPA Exam. We will craft a study schedule that really works for you, one that takes up two hours or less a day and ensures you see improvement with every study session. ✨ Say Goodbye to Stress, Struggle, and Sacrifice No more stress, no more struggle, and no more sacrificing your personal time or well-being. With a personalized study plan, you can progress towards CPA Exam Success with newfound confidence and ease. 🏆 Your Journey to CPA Exam Success Awaits! What if you could have both a fulfilling life and a successful CPA Exam experience? The good news is, you can! 🆓 Schedule a FREE Study Audit with me and find out how we can make this journey simple and doable for you. DM me PASS for the link. Here’s to your CPA Exam Success 🎉 💫 Dawn #Cpaexamlife #cpaexamprep #cpaexamtips #cpagoals #Teamgt #teampwc #teamey #teamdeloitte

Super timely blog post as the AICPA Council just discussed the competency pathway and the UAA exposure draft yesterday!

From AICPA: To pass a CPA Exam section, you must score a minimum of 75. Have you ever wondered how the AICPA calculates your CPA Exam section scores? Scores are reported on a scale that ranges from 0 to 99. It’s important to know that your total reported score does not represent a percentage correct, nor can you interpret it as such. Scores are not curved. When you fail an Exam section, you’ll also receive a Candidate Performance Report that assesses your performance on that specific section. CPA Exam scoring is treated with a high level of importance, due diligence, and attention to accuracy. Your responses to questions go through multiple quality assurance reviews to ensure scoring accuracy. Your total score is a weighted combination of scaled scores from multiple-choice questions (MCQs) and task-based simulations (TBSs). Get the complete details about CPA Exam scoring at the AICPA website or https://lnkd.in/ekecNsgN We’d love for you to join us. Learn more about The Lady CPA Network and how to become a member at the link in our bio or https://lnkd.in/eSYUJPbf

As I am nearing graduation, I am eager and excited to start planning for the CPA exam. I have been researching this anticipated exam and have discovered that the AICPA and the NASBA have created a new CPA exam format in 2024. The new format will entail of 3 core sections: Audit and Attestation (AUD), Financial Accounting and Reporting (FAR), and Taxation and Regulation (REG). The CPA Exam will also include a flex section where the test taker chooses either Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), or Tax Compliance and Planning (TCP). The four sections will be AUD, FAR, REG, and BAR/ISC/TCP. Here is an article that explains this new format further: https://lnkd.in/gGATXmPa

On September 12, the AICPA & NASBA issued an exposure draft on the CPA Competency-Based Experience Pathway, offering an additional pathway for CPA candidates to meet initial licensure requirements in response to pipeline issues instead of earning a master's degree or a bachelor's degree and up to 30 additional credit hours at an institute of higher learning. Under this alternative pathway, CPA candidates would need a bachelor's degree, complete one year of professional general experience, pass the CPA Exam, and exhibit competency in specific professional & technical areas. In addition, on September 30, the AICPA & NASBA issued an exposure draft on proposed Uniform Accountancy Act changes. The proposed changes to the UAA would facilitate the adoption of the Competency-Based Experienced Pathway. Comments are due on the CPA Competency-Based Experience Pathway by December 6, and comments on the UAA are due by December 30. #CPA #CPALicense #NASBA #AICPA #CompetencyBasedExperiencePathway