The CPA exam is the one thing standing in the way of a person and his or her right to practise accountancy in the United States. The CPA exam has many unique features to it - the content and structure are very specific and one is required to be familiar with them both if they are too successfully complete the exam.
Firstly, it is important that you know why you need to sit this exam. It is, of course, to be properly certified and eligible to practice as an accountant. States hold such examinations to protect their residents against those who make false claims as to their skills and experience. A CPA certificate guarantees that you can be employed by many different firms, and in several cases this qualification is looked upon favourably by employers.
To be eligible to sit for the exam, you must have completed a satisfactory course at a university or other higher or further education institute. The exam requirements are often state-specific, so make sure you check with your local government agency to verify exactly what you need to take and when. Although certain states consider qualifications from other areas, this is not always guaranteed. Check with the state government before you apply.
The CPA exam consists of 4 parts - Regulation, Auditing, Financial Accounting and Reporting (FAR) and Business Environment. All these sections have multiple choice questions and the first three also have simulations that candidates must work on. It is important that you keep in mind that not only your knowledge but also your grasp of the English language will be tested, as both these qualities are required by CPAs.
It is a good idea to attend seminars and forums held by professionals, as knowledge from these events can be valuable assets. In addition, you may choose to take a look at one of the many CPA exam reviews on offer. These can be ordered online or bought from certain bookshops and selected shopping outlets. Also search online for tutorials and practice questions. There are many different review formats available so make sure to look carefully for one that will work for you before you make a purchase.
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