50_Things_You_MUST_Know_2011_Edition

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Financial Accounting and Reporting
11. Can you breakdown all of the changes for FAR from 2010 to 2011? 12. IFRS has me worried – what do I need to know about it to PASS the CPA Exam? 13. How long does it take the average candidate to study for FAR? 14. How many questions on FAR are pre-test in 2011?
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Advanced Study Tactics
9. How can I study 20 hours a week and still have a LIFE?
10. What is the CPA Review NINJA stuபைடு நூலகம்y framework?
Copyright © 2010 – Jeff Elliott, CPA All rights reserved worldwide. No part of this e-book may be copied or sold.
Business Environment and Concepts
20. Can you breakdown all of the changes for BEC from 2010 to 2011? 21. The IT section of BEC is giving me problems. I donʼt work in IT. I donʼt ever want to work in IT. I just want to pass this exam. What is the best way to learn this information?
50 Things You MUST Know
about the CPA Exam
2011 Edition
Jeff Elliott, CPA
Founder, & Club 75 /
Dear Reader, You have my permission to share this book with anyone and everyone you know who could benefit from it. I only ask that you respect the copyright and not alter it in any way. Print it…E-mail it…Link to it…feel free to pass it on and share it! /50-things/
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Table of Contents
2011 CPA Exam Basics
1. 2. 3. 4. What sections should I take first in 2011? With the 2011 changes, is FAR still the “hardest” Exam? Can I still get by using my 2010 CPA Review study materials? How do the 2011 CPA Exam changes affect me if I have already passed some sections? The 2011 CPA Exam tutorial is not Mac-friendly. What is the step-by-step method of overcoming this as well as using any CPA Review course that isnʼt Mac-compatible? (Note: this one tip alone could be worth the price of the book if implemented correctly) 6. What did the AICPA do to improve the calculator function on the Exam? Is the AICPA really changing their definition of a “passing” score? Instead of two simulations, I now need to worry about seven?
Copyright © 2010 – Jeff Elliott, CPA All rights reserved worldwide. No part of this e-book may be copied or sold.
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22. I hate BEC and the thought of writing essays on BEC topics has me petrified. Can you show me how to write a memo on a BEC topic and provide three examples of what they would look like? 23. How long does it take the average candidate to study for BEC? 24. How many questions on BEC are pre-test in 2011? 25. Are BEC MCQs adaptive (the questions get harder the better you perform) in 2011?
Copyright © 2010 – Jeff Elliott, CPA All rights reserved worldwide. No part of this e-book may be copied or sold.
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34. Does my performance on the MCQs having any impact on simulations I see? 35. If I get frustrated and canʼt figure out an answer and need to guess, should I pick A, B, C, or D? 36. ARGH! I didnʼt click “Done” before my exam time lapsed and my session shut down. Did my answers get saved? 37. The computer at the testing center was buggy and then just completely shut down and it cost me valuable time while the testing center personnel got it back up and running. What should I do? 38. How does the difficulty of the current exam format compare to the “old days” when it was paper and pencil?
Auditing and Attestation
15. Can you breakdown all of the changes for AUD from 2010 to 2011? 16. Is the AICPA going to test the International Auditing Standards (IAS) as in-depth as they do Generally Accepted Auditing Standards (GAAS)? 17. How long does it take the average candidate to study for AUD? 18. I finished AUD with 30 minutes to spare. Is that normal or should I be worried? 19. How many questions on AUD are pre-test in 2011?
Surviving Exam Day
30. What score should I be averaging on my practice multiple choice questions before I step into testing center? 31. What is a dead-giveaway that the exam questions are getting harder testlet-by-testlet? 32. I rely on caffeine to perform at a high level. How can I get a caffeine boost during my Exam if I need it? 33. After interacting with tens of thousands of CPA Exam candidates, what are the three worst Exam day horror stories youʼve heard?
Regulation
26. Can you breakdown all of the changes for REG from 2010 to 2011? 27. Did the AICPA really add taxation on not-for-profit entities to Regulation? 28. How long does it take the average candidate to study for REG? 29. How many questions on REG are pre-test in 2011?
Surviving the Score Release
39. I rely on caffeine to perform at a high level. How can I get a caffeine boost during my Exam if I need it? 40. My 18-month window is coming to a close and Iʼm about to lose credit for one of my passed sections. What if I take my exam, but donʼt get my score back for several weeks? Will I lose my credit? 41. I scored a 74. Should I appeal? 42. I scored a 74. I just need a cram, right? 43. I failed yet again. Iʼve been at this for way too long. Is it time to throw in the towel?
Jeff Elliott, CPA Founder, jeff@
Copyright © 2010 – Jeff Elliott, CPA All rights reserved worldwide. No part of this e-book may be copied or sold.