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How to Pass the CPA Board

Exam: TOP 10 TIPS!


Without a doubt, passing the Licensure Exam for CPA (Certified Public
Accountants)requires tons of preparation, hard work, persistence,
confidence, and determination, among others.

You will surely do your part. You will study long hours, read a lot of books, and
answer hundreds of pages of reviewers and sample exams. It probably would
help as well to get tips from those who already passed the CPA Exam.

This is why we prepared for you a collection of the best insights and tips we
found about passing the CPA Boards — straight from those who already took
and passed the exam themselves!

Check out and adopt these 10 tips to help you ace that upcoming Licensure
Exam!

Top 10 Tips to Pass the CPA Board Exam

1. Develop a suitable study habit.

“Each one of us has different studying styles and you should try to know
which methods and techniques work best for you. What works for
someone else may not work in the same way for you so it is better to first
understand yourself and experiment on possible alternatives until you find
your ideal study habit.

The next step is to consistently apply your study habit because it helps your
brain commit to it. It will ease up the learning process because your brain will
know when it should focus. Of course you can tweak your study habit from
time to time based on your need, but you should not change the factors that
make it effective for you.

Take note that there are several factors affecting study habits:
 Interests/ hobbies – incorporate them in your mnemonics, keywords,
and other means of associations
 Environment – choose a quiet environment if introvert, study with friends
if extrovert
 Time of day – set study time when your brain is more active
 Ability to focus – if you have a short attention span, try the “Pomodoro
technique” (that is, breaking down work into intervals, traditionally 25
minutes in length, separated by short breaks”
 Priorities – set your priorities first so that you know what to let go when
time is not enough
 Other external factors – manage them so that they will not interfere
when you have to study”

– From Ariel Joseph Nipas (October 2016 CPALE Top 3)

2. Being a CPA starts in the mind.

“Start thinking that you are a CPA and you are a great person. Yes, you are!

Being a CPA is not a know-it-all stuff. So if you haven’t gone through some
topics yet, that’s fine! Stop cramming. Stop blaming yourself. Stop doubting
that you’ll pass. Stop worrying. Start claiming. Start telling yourself
“congratulations CPA!”.

Start empowering fellow takers. Start thanking the Lord for passing. It’s
normal that some of what others know, you don’t. But what you know is
enough to nail it. 🙂

Practical tips:

1. Pray before taking the exam.


2. Declare that you will pass it.
3. Read the question first, so you would know how to come up with your
solution.
4. Eliminate choices for higher chances of passing.
5. Trust your final answer.
6. Double-check after all questions have been answered.
7. Make sure to allot time to answer all questions. Do not consume so much
time over the other questions.
8. After taking the subject, SMILE and FORGET.”

– From Patrick Naelgas

3. Tips how to study Financial Accounting:

 Know the definitions of terms used for a certain topic. It will help you
understand the chapter easily.
 Scan the end-of-chapter questions, to see what is asked and how it is
asked.
 FinAcc concepts have few subtopics:
o (a) recognition criteria, or when to record and recognize a
transaction;
o (b) measurement criteria, or what amount will be used to record
the transaction, this has two parts – initial measurement, and
subsequent measurement or valuation; and
o (c) presentation and disclosure – which includes composition type
of problems.

It’s advisable to study the theory part first. Read the Theory of Accounts
(TOA) of Valix Question & Answer Portion, take down notes, or better yet,
make a concept map out of your understanding, then answer the MQC in
Valix’s TOA.

After the conceptual understanding, solve Valix’s “Practical Accounting 1” that


has a lot of common MCQ questions with his textbooks. Solve and figure out
why your answer is different from the given solution.

Every mistake means only one of three things: (1) carelessness in solving, (2)
poor reading comprehension, (3) misunderstanding of the concepts.

Learn from your mistakes, update your notes, and practice, practice,
practice for mastery.

– From Hilario Tan


4. Eliminate the wrong answers.

“Use the mathematical probability to your advantage. Instead of finding the


correct answer, eliminate the wrong answers. In a multiple choice with 5
options, eliminating 1 to 3 “wrong answers” improves your chances of getting
the answer by 20%-25%-33%-50%.

Of course, do your best not to eliminate the CORRECT answer!”

– From Rizaldy Menor

5. Don’t worry about the school you graduated from.

“Wala yan sa school or prof. Pagdating mo ng review school, karamihan sa


mga students halos wala pa din alam.

Why?

https://www.pinoymoneytalk.com/prcgov/10-tips-how-to-pass-cpa-board-exam/