I keep studying for this CPA exam and keep finding that I'm struggling. I keep making silly mistakes, or I do the calculations & I can narrow my choice down to two... but I end up picking the wrong one.
I wish I knew what I was doing wrong.
Right now I'm studying exchanges in the second section of the financial portion of Becker's review course. And I keep wondering, how do I know when the exam asks a question - whether its an exchange lacking commercial substance or not?
The questions I'm looking at state a fair value for the other asset, so I assume it has commercial substance - but then I get the answer wrong because it lacks commercial substance.
I hope this is normal... to take an exam on these prep things & feel like even after studying for 4-6 hours everyday - you know nothing. Then when I do pass the section I wonder if its only because I've stared at the same questions over and over that I've memorized the answers w/o really learning.
I did find out I have till December 2010 to take all four parts of the CPA exam... so if I don't know the material as well as I'd like by January/February - I'm going to take my time. Its more important for me to PASS the exam than to simply take it. But wow, this stuff is tough & just when I think I have a concept down, I take a quiz to test that info & I get 40-60% correct even though I got 80-90%'s on the homework quizzes.
Disappointment
December 23rd, 2009 at 03:05 pm
December 23rd, 2009 at 04:46 pm 1261586813
Good Luck!!!
December 24th, 2009 at 02:29 am 1261621759
January 1st, 2010 at 03:30 am 1262316623