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Why Are the CPA Exams So Hard? (3 Things) - YouTube
Channel: SuperfastCPA
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so why are the CPA exams so difficult
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I'll wait just a minute for you to turn
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on your sound if you haven't yet the CPA
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exams have a fail rate of 50 to 55
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percent and they are widely considered
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to be the most difficult professional
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exam that there is and that includes the
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bar exams for attorneys and the board
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exams for doctors there are three
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specific reasons why passing the CPA
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exams is so difficult why so many people
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fail multiple times and why many
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candidates eventually just give up and
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never actually become a CPA Who am I
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my name is Nate I'm a newly minted CPA
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and I run the website superfast CPA com
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which is geared towards helping busy
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candidates pass as fast as possible now
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the short version of my own CPA story is
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that I spent three months studying the
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normal way only to fail far on my first
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try then I switched to some of my own
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ideas for studying in a completely
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different way and in the next three
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months I passed all four exams this is
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mine ASBO score she is proof you'll see
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that those dates add up to just over
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three months now let's get back to the
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three reasons why the CPA exams are so
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difficult
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the first one is retention learning all
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the concepts and rules alone is
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staggering there are literally hundreds
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of different topics that the exams cover
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and many of them are difficult and
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calculation heavy but not only that you
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have to learn them over several weeks
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and then remember everything that you've
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studied well enough to actually pass an
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exam date this was one of my biggest
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stumbling blocks when I started studying
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and I figured out a way to overcome this
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once I try it out my own methods and
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I'll tell you more about that in a
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minute
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the second challenge are your actual
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study methods what do you actually do
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when you sit down to study every day is
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it effective do you have a specific plan
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you follow and are you making progress
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when I talk to other CPA candidates
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about how they study they all tell me
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the same thing you know I start out
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watching the video lecture a kind of
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zone out then I try to read the chapter
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or skim the chapter then I try out a few
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and I can't really get any I don't know
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what it's talking about so I go back to
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the video lecture you know and then it's
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an hour through your study session and
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you kind of give up for the day and then
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the next day the very same thing happens
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again
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so I hear that over and over and over
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and I know that's how it is because
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that's exactly how my first three months
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were so this was another huge struggle
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for me everyday I would jump around to
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different resources in my review course
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and as time went on I just felt more and
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more overwhelmed when I sat for far that
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first time and saw the exam in person a
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few things jumped out of me and I know
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exactly how to study from that point on
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and after trying out my own ideas for
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studying I literally studied less each
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day I had a clear plan for every single
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study session and I knew that I was
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making progress each day and so the
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study process itself was a lot easier to
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deal with mentally because of that the
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third challenge is just literally not
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having enough time in the day so most
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CPA candidates work full time usually in
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the very demanding field of public
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accounting and there's people in your
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life that want to see you after work
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like family and friends and so fitting
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in three to four hours a day of CPA
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study is literally not possible for most
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people and on the other hand that's
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about how much you need to study to pass
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the exams in within the timeframe so how
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does that work you literally don't have
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that much time but that is how much time
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it takes to study I kind of come up with
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a solution for that but back to my story
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for a minute to illustrate this the
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three months where I studied for far and
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failed that first time I had all day
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every day it was the summer before I
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started my job in public accounting and
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I started my job a week before I sat for
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far that first time so then I had
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started my job in the three months
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afterwards when I ended up passing all
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four sections I was working full-time so
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I was able to study and pass all four
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sections with much less daily study time
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than the first time around so so
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obviously I had made dramatic
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in the effectiveness and the efficiency
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of my study methods now I can't give you
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all my best advice on how I did all that
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in this short video but what I have done
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is I put together a free online training
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class where I will take longer and walk
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you through my best tips about these
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changes I made that made such a big
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difference in helping me pass all four
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sections in just a few months while
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working full-time so this training class
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is completely free to attend and I
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guarantee you you'll find a well worth
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your time because it will save you so
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much time in passing your exams so to
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register all you need to do is click the
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link or the button below this video or
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go to superfast CPA comm slash training
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also if you're on the training live I
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will be giving a free copy of my CPA
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flashcards so these are a digital copy
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you can use them on your desktop or on
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your smartphone there's over 750
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flashcards and they cover all four
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sections the big advantage to these is
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that they are completely customizable so
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you can add other flashcards to the
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decks or customize the wording on any of
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the cards to something that's easier for
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you to remember personally so again to
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register just click the link of the
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button on the video that will take you
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to the registration page or just go to
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superfast CPA comm slash training in
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your browser and I will see you there
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