Tips for taking the computerized CPA exam

To keep pace with advances in technology and improve convenience and efficiency, the CPA exam went through a dramatic transformation recently. In April 2004, the CPA exam was administered via computer for the first time.

The new computerized exam consists of multiple choice questions and condensed case study simulations. The change is intended to keep up with the evolution of the accounting profession and the business world — especially in the areas of technology and skills assessment.

Here are some other changes that come with the computerized exam format:

• Greater flexibility for exam candidates in terms of testing dates and locations 
• Revised content that places greater emphasis on information technology and general business knowledge 
• Increase testing of skills in areas such as research, analysis and communication

Why should I take the CPA exam?

The CPA exam may be difficult, but it's incredibly rewarding. Passing it gives accounting professionals the credentials to become trusted advisors, and one day, key business leaders. Accountants with the CPA certification often earn more than those who haven't taken or passed the exam. The CPA certification increases career options, and is often tied to a salary increase at an existing job.

“The CPA exam was one of the most challenging and rewarding things I have been able to accomplish in my career. It opens so many doors to where I want to go,” says Jason LaPlace, CPA, a tax in-charge with Schneider Downs & Co. in Columbus who recently passed the CPA exam.

“To anyone planning to take the exam, my advice is simple – study like this exam could change your life, because it really can. The key is to keep it in perspective and not let it control your life. Set aside a specific block of time each day to study, and stick with it. If you can do that you will succeed,” LaPlace says.

How do I get started?

• Sit for the exam as soon as possible after graduation while still in an “academic” mindset.
• Apply early—it may take six to eight weeks for a first-time application to be approved. Ohio candidates can download an application at www.nasba.org.
• Approved applicants will receive a Notice to Schedule (NTS) allowing them to choose the time and location to take the exam.
• Take advantage of the flexibility. To ease stress, don’t schedule all four exam sections in one testing window. Take the sections individually and in any order.
• Take the exam section you are most confident in first. A positive test experience will give you confidence as you prepare for the next section.

Before the exam

• Have a disciplined study schedule and balance study time with other activities. Don’t forget to give yourself a study break!
• Set goals. For example, you may decide that you want to take all four parts in a six month window
• Take a review course to help you prepare for the exam
• Study for one section at a time
• Practice, practice, practice. Go to www.cpa-exam.org and take the practice test. It provides sample questions and simulations, and guides you through functions such as cut and paste and the spreadsheet function. Don’t be fooled! These functions work a bit differently than what you may be used to

On exam day

• Get to the test center early—make sure you know where you’re going and how to get there, and plan to arrive about 30 minutes early
• Dress comfortably—you’re going to be sitting for several hours
• Bring two valid forms of identification to the testing center
• Don’t forget your Notice to Schedule. You won’t be able to sit for the exam if you don’t present your NTS
• Take as little as possible with you to the test center. Leave your cell phone, BlackBerry, iPod, etc. at home. Any items brought with you will be placed in a locker while you are taking the exam

Scoring

• Credit for passed section(s) is retained for 18 months, at which point the section must be retaken if the candidate has not yet passed all other sections
• Even though the exam is electronic, the scores are not instant. Scores go to the state boards of accountancy first to be released

To learn more about the computerized CPA Examination and view the tutorial, visit the CPA Exam Web site at www.cpa-exam.org.

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