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    Friday, August 2, 2019

    Accounting I PASSED GAS!!!

    Accounting I PASSED GAS!!!


    I PASSED GAS!!!

    Posted: 02 Aug 2019 04:57 PM PDT

    WAS WORRIED AT FIRST BUT ONCE IT CCAME OUT TODAY I FELT SO RELIEVED. ITS LIKE I WAS BOTTLING UP ALL THIS PRESSURE AND IT ALL RELEASED AT ONCE. COULDNT HAVE DONE IT WITHOUT YOU FAM!!

    submitted by /u/godsbaesment
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    My mom got her CPA license today.

    Posted: 02 Aug 2019 06:24 PM PDT

    Normally, it wouldn't be a big deal, but she finished passing the exams at the age of 68, got the necessary year of experience, and now at the age of nearly 70 she is a CPA and a PE.

    Since I know there will be questions, here's her story. She was laid off one too many times while working as an engineer for defense contractors and got tired of that industry, so she went back to school to earn enough accounting credits to sit for the exam. She already had 3 degrees, so she didn't bother to earn another one, but she did become exam eligible. Since she was temporarily retired, she then studied full time.

    It's a lot harder to memorize that much material when you're in your late sixties, but my mother is an incredibly accomplished woman, so that didn't stop her. The only exam she had to retake was FAR. I think she got a 74 on it the first time she took it.

    You're never too old to change.

    submitted by /u/just1dawg
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    I PASSED FAR!!!

    Posted: 02 Aug 2019 07:12 AM PDT

    Yeeeeehawwwww you motherfucking nerds!!!!!!!

    submitted by /u/ShepherdsRamblings
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    Memes in Excel

    Posted: 02 Aug 2019 02:48 PM PDT

    I FUCKING PASSED REG!!

    Posted: 02 Aug 2019 08:43 AM PDT

    OH MY FUCKING GOD I PASSED REG! I was SO SURE i was going to fail!

    I got a 68 on a becker mock exam the day before and got a 92 on the actual exam the next day! That's higher than my AUD (86) which is SO STUPID because tax is my worst subject and my college class on tax was a JOKE and I learned nothing and I FUCKING PASSED!!!

    I'm just so fucking happy! All I have to do is pass BEC on the 14th and I'M FUCKING FREE OF THE HELL THAT HAS BEEN THE PAST 8 MONTHS!!!

    EDIT: sorry, I'm just so fucking hyped, I just had to tell someone! No one besides my fiance and his mother really get it because no one else has seen what I've put into this every fucking day

    submitted by /u/TheGhostlyMeow
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    Me and Everyone inside the office that not a partner.

    Posted: 02 Aug 2019 10:39 AM PDT

    I don't care what you say, we aren't all the same

    Posted: 02 Aug 2019 02:58 AM PDT

    The trust level for accountants is way too high on this graph

    Posted: 02 Aug 2019 12:42 PM PDT

    Passed Audit!! Done with these damn exams

    Posted: 02 Aug 2019 12:27 PM PDT

    Passed with a perfect score, 75!! Let's get this bread fam

    submitted by /u/pmjs203
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    PASSED MY LAST EXAM TODAY!!!

    Posted: 02 Aug 2019 03:08 PM PDT

    Ready to get lit and never study again.

    submitted by /u/dee_buddy
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    13 Really Random Pieces of Advice from Someone that Just Passed all 4 CPA Exams

    Posted: 02 Aug 2019 05:52 PM PDT

    Hi guys. I just found out that I passed my last exam and have been elated ever since!! (The drinking will commence this soon!) It took me about 6 months total to pass all 4 exams, while working full time (industry) and finishing up my MBA. I used Becker throughout the whole process. My total study time along with my scores for all 4 exams were:

    FAR - 195 hours (91)

    BEC - 120 hours (92)

    REG - 130 hours (84)

    AUD - 52 hours (81)

    I thought I would share some pieces of advice with my favorite Reddit community :) Granted I am partially insane so some or all of these tips might not be helpful at all but if any of these help at least one person, then that would be pretty awesome. Anyways, here are 13 good/crazy/random/potentially helpful tips for all of you still enduring the CPA exam process.

    1. Try to enjoy what you are studying - This piece of advice is HUGE but unfortunately close to impossible for many people. Studying for this exam becomes a lot easier if you can find some enjoyment in the material. Try to relate the material you are studying to your current line of work / Watch some videos on YouTube by people that attempt to make these topics enjoyable / Hack your brain if you have to. This process is torturous if you can't stand the material you are studying.
    2. Find a conference room at your place of employment and try to knock out a couple of hours of studying after work - There is something about going home after work and sitting on a couch that completely saps any and all motivation from your body for the rest of the day. Your brain associates certain places with relaxation and your house is one of those places. This has to be avoided as much as possible and the best way I found that accomplishes this is simply not leaving work. Your brain still seems to be in "work mode" while in your office so it's best to take advantage of that and simply going into a conference room (preferably once with a nice view) and just knock out a couple of hours before going home.
    3. Skip the practice simulations if you are running out of time - Perhaps this is different when not using Becker but for EVERY single one of the exams, the simulations on the exam differed from the Becker practice simulations quite a bit. In some cases, it was night and day. There was never a situation where I felt a Becker simulation prepared me for what was on the actual exam. If you have a ton of time left to study, then the simulations can help you master the topic but if you're strapped, skipping them and doing some more MCQs won't hurt.
    4. Speaking of simulations, use the Internal Revenue Code and the FASB literature during the REG and FAR simulations - This piece of advice could be overwhelming since searching through the literature is a skill in itself but if you're on the simulations and you forgot whether something is an above or below line deduction or need a refresher on the different inventory methods, check the literature! This works even better since simulations are the last portion of your exam so if you find yourself with a lot of time to spare, open up the literature and review the topics that your simulations are testing you on. It feels like cheating but it could give you that last point or so needed to pass!
    5. Make a condensed version of each chapter as if you were teaching it to someone else - You don't really understand something unless you can explain it to someone else. Corny phrase, but rather true. After you are done with a chapter, try condensing into a one or two page "cheat sheet" as if you were trying to help someone else understand it. The process of making this cheat sheet will let you know what you understand or don't understand and it's a unique way of mastering the subject matter.
    6. If you are going to blow off and not study as hard for an exam, make it Audit - This is easy for me to say since Audit is the exam I lost motivation to study on but it truly is the exam that you can not take as seriously. This is because many of the questions are "common sense" type questions that if you take your time on, you can reason through them eventually. This works especially well if you take FAR before Audit since many concepts on FAR will show up again on Audit.
    7. Tell all your co-workers and friends exactly when you will be taking each exam and the days of all your score releases - This is counter-intuitive since the prevailing piece of advice about this is to keep it to yourself, but I found the added pressure of everyone around you knowing you are studying and knowing exactly when you will be taking each exam truly motivates you to not let them down and thus gives you added energy to study more.
    8. Grow up poor - You will work harder than most.
    9. Watch Youtube videos!! - While Peter Olinto and Tim Gearty (Becker instructors) are awesome, they are not perfect. There have been countless of times when they explained a certain topic and I had absolutely no idea what they were talking about. In these situations, I typed the topic into YouTube and found a much better explanation of the same topic. The Internet has shed a light on many absolutely amazing teachers and they are offering their world class instruction for free. Don't take this for granted and if you get stuck on a topic because your review course is doing a poor job explaining it, YouTube it!!! (Some examples of fantastic online instruction videos are those made by edspira or khanacademy).
    10. Try to only do MCQs after you feel like you understand the topic - Again, this seems counter-intuitive since most people just simply tell you to pound as many MCQs as possible but they are almost worthless if you don't know what the hell the question is asking. What worked best for me is watching the lecture, then trying to fully grasp what was in the lecture, and THEN doing the MCQs. When the topic is fully formed (or half formed) in your mind, the MCQs are perfect for sharpening it to perfection. Also, make sure to read the explanation that Becker provides for why each answer in the MCQs is correct.
    11. Time spent at the end of the studying journey is far far superior than time spent at the beginning - This might depend on the person, but I am confident it applies to most people. Study more the closer you get to your exam date. If you are studying 2-3 hours a day, then study 5-6 the few weeks before the exam. Your brain is extremely good at recalling things it saw days before. If you work, take the day or two before your exam off and just cram as much as possible. If you can't take it off, take it off anyways.
    12. Get your brain into a more alert and active state right before the exam - One way I found that helps accomplish this is waking up a few hours before your scheduled exam time, going for a 20-30 minute run (or any other form of cardio) and then eating a big breakfast with a lot of coffee. The coffee plus cardio combination will vastly improve your brain's processing power and can help your focus tremendously. Bonus points if you then take the next hour or so to go over some last minute notes or the final review guide from Becker.
    13. Take FAR first - There are so many benefits for taking FAR first but I will list the most important ones:
      • It takes the most amount of time in terms of studying. While this is overwhelming at first, it will set up your study habits greatly for the upcoming exams.
      • There is a lot of material and FAR that will bleed into every single other exam. Heck, during some Audit simulations I thought they accidentally switched my exam to FAR.
      • There is no greater motivation boost then knowing you passed your hardest exam right off the bat. Use this energy to your advantage and kill the remaining exams.
    submitted by /u/Quik_17
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    I understand the concept, but I still find this question on an accounting exam ironic.

    Posted: 02 Aug 2019 08:21 PM PDT

    Aren’t accountants good at math?

    Posted: 02 Aug 2019 10:06 AM PDT

    Just got the memiest of scores

    Posted: 02 Aug 2019 05:57 AM PDT

    PASSED REG

    Posted: 02 Aug 2019 08:42 AM PDT

    Hardest 2 (in my opinion) out of the way, all that's left is AUD which I take in October and BEC which I'll try to take in December. Another girl in my office passed her last exam, so the office is pretty hype right now, I can tell we're not getting much done today

    Go check your scores if you haven't, happy Friday

    submitted by /u/iamarbys
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    Motto of my firm

    Posted: 02 Aug 2019 02:40 PM PDT

    Post Graduation Job

    Posted: 02 Aug 2019 01:56 PM PDT

    I'm about to finish my last year of accounting at my university. I know I don't want to go into public accounting/ be a CPA. I want to be more of an internal account for a company. Most "Accountant" job titles require a few years of experience. What (entry level?) jobs should I be looking out for?

    submitted by /u/MrsMooseWinchester
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    Should I retake Managerial accounting?

    Posted: 02 Aug 2019 09:46 PM PDT

    I just finished taking managerial accounting online. I passed the online class with an A, but I don't know if I should retake it again in person because I feel like I didn't learn as much as I should . The test were open book and note. I don't know if it will effect me later on in my accounting career. I took financials accounting in person, and I feel like I retain the information way better. I just took managerial online during the summer because my kids were out of school.

    submitted by /u/mendez1993
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    EY - How is Mercury STILL this bad?

    Posted: 02 Aug 2019 03:45 PM PDT

    This is crazy, how is it STILL this bad? I understand issues on roll out... but it's STILL trash. EY, proving the age-old saying, "you only need to have a pulse to be employed at a public firm."

    submitted by /u/Eyguy1
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    Advice for begginer goverment accounting jobs?

    Posted: 02 Aug 2019 12:43 PM PDT

    I'm digging around Indeed and USAjobs and so far the IRS is the only thing near me. Anyone have any other institutions or sources they could reccomend?

    submitted by /u/mimi7600
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    Job Advise: I'm looking for a new job after a few years as a staff accountant. I was offered a senior accounting role, but I'm worried I won't be good enough. Advice!

    Posted: 02 Aug 2019 03:25 PM PDT

    I'm trying to decided what job to take next. There's one that'd be more of a gradual shift upwards and then the senior role which is a huge step. I don't feel ready, but I have zero self confidence so I'm worried I am ready but my self confidence is stopping me from reaching my potential. I'm also really afraid of failing and failing badly. I don't know what to do. Any advice would be greatly appreciated.

    submitted by /u/_Eileendover_
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    I have a pretty simple homework question I am stumped on. Even with my material (textbook, notes) I cant put two and two together. Anyone able to walk be through this one?

    Posted: 02 Aug 2019 02:48 PM PDT

    Does your firm require constant updates on cpa exam status?

    Posted: 02 Aug 2019 01:06 PM PDT

    Our firm sends out these really annoying, nagging emails always asking for updates for managers on cpa exam status like exam scheduling, parts passed, where you're at in the study process to update all the managers. It feels like my mom nagging me to study. Really nosey too. Anyone else work for a firm that does this? If so any insight as to why?

    submitted by /u/labelle15
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    PREPARATION AND VERIFICATION FOR A REGISTERED PERSON

    Posted: 02 Aug 2019 10:55 PM PDT

    Anyone sorting by new?

    Posted: 02 Aug 2019 12:03 PM PDT

    Only reason I'm in the office is for a 4pm meeting about month end. Super bored! Where my industry hoes at?

    submitted by /u/myfriendszipper
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