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Showing posts from May, 2023

Tips for Working Professional To Pass US CPA Exam in 2023

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  1. Set a Study Schedule The first step to passing the CPA exam is to create a study schedule that fits your work schedule. You should allocate a certain amount of time each day or week to study for the exam. Be realistic with your schedule, and don’t try to cram too much study time into your already busy schedule. It’s essential to maintain a work-study-life balance to avoid burnout. 2. Take Advantage of CPA Review Courses CPA review courses are an excellent resource for working professionals preparing for the exam. These courses provide an in-depth understanding of the exam’s content and format, allowing candidates to focus their study efforts on the areas where they need the most help. Many review courses like Miles CPA review courses offer flexible study options, such as online classes, video lectures, and self-paced learning. To know more - https://blogs.mileseducation.com/cpa/tips-for-working-professional-to-pass-us-cpa-exam-in-2023/  

A Tip for CPAs on How to Get a Job in the Big 4

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  Focus on your Resume Making a well-crafted resume is vital for making a strong first impression when applying for a CPA job at a Big 4 accounting firm. As a CPA candidate, ensure that your resume highlights your relevant skills, qualifications, and experience, including your progress in the CPA review process and your commitment to a successful CPA career . Align your resume with the specific requirements of the position and emphasize any relevant internships, leadership roles, and academic achievements that showcase your expertise in the field. To demonstrate your suitability for a fast-paced, deadline-driven environment, emphasize your team collaboration skills and ability to work effectively in high-pressure situations. Utilize bullet points and clear headings to showcase your accomplishments, such as successfully completing CPA exam sections or attaining high scores. Quantify your achievements using numbers and percentages whenever possible to illustrate your impact. Don'...

Key Consideration for CPAs Pursuing a Career in the US - Remote Working Cancelled

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  Introduction The onset of the COVID-19 pandemic brought about significant changes in the way the accounting world operated. With safety concerns and lockdown restrictions in place, the accounting profession quickly adapted to remote working practices, allowing CPAs to continue their work from the safety of their homes. This sudden shift to remote work was initially seen as a privilege, enabling US CPAs to solicit business remotely on a mass scale. However, as the new normal sets in, firms are now grappling with complex network challenges, and the work schedule of auditors has taken a topsy-turvy ride. One of the major challenges faced by accounting firms in the wake of the pandemic is the complex network infrastructure required to support remote work on a large scale. As the reliance on virtual private networks (VPNs) and remote access tools increased, firms encountered issues such as bandwidth limitations, connectivity problems, and security vulnerabilities. These challenges ha...

Accounting Careers: Why Would Someone Want to Become an Accountant?

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If you are exploring career options in the field of accounting , there are numerous areas to consider. An accounting degree can open up opportunities in any industry. Additionally, individuals with an accounting degree can pursue non-accounting roles. Ensuring compliance with financial regulations and laws is crucial, and accountants play a vital role in this process. Accountants provide advice, maintain records, prepare budgets, manage assets and investments, help with retirement planning, and identify potential areas of financial risk. With a CPA license , individuals have even more career options available to them. In this blog, we will explore various industries and accounting careers that may be of interest to aspiring CPAs. There are various reasons why individuals choose to pursue different CPA career paths . 1. Some of the top reasons include employment opportunities, the potential for promotions, the prestige associated with the profession, and financial gain . 2. Accounting ...

Tips for CPA BEC Exams

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The Business Environment and Concepts (BEC) section of the Certified Public Accountant (CPA) exam is designed to test a candidate's understanding of business concepts and the economic environment. To succeed in this section of the exam, candidates need to have a solid understanding of a broad range of business topics, including economics, finance, information technology, operations management, and strategic planning. In this article, we will discuss some tips to help candidates prepare for and pass the BEC CPA exam. Understand the Exam Format The BEC section of the CPA exam consists of 62 multiple-choice questions and four written communication tasks. The exam is four hours long, and candidates must achieve a score of at least 75 to pass. By understanding the format of the exam, candidates can prepare more effectively and manage their time more efficiently. Focus on High-Yield Topics To succeed on the BEC CPA exam, candidates need to have a solid understanding of a broad range ...

Inside the Big 4: Understanding the World's Top Accounting Firms and Their Hiring Processes

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  What are the Big 4? The four biggest accounting and professional services businesses in the world are termed the “Big 4”: Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst & Young), and KPMG. These companies provide clients in many industries and sectors with a variety of services, such as audit, tax, consulting, and advisory services. They are also renowned for their extensive reach and capacity to offer in-depth answers to challenging business issues. Hence, the Big 4 are the top recruiters for certified public accountants . How do the Big 4 hire? Each of the Big 4 companies has its own distinct hiring process, with different standards for evaluating a candidate’s abilities, background, and other crucial credentials. Although the majority of new hiring is normally made in September after international university graduations, these companies often do continual screening of possible candidates and recruit throughout the year . The Big 4 mostly hires through a variety of chan...

CPA REG Process

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The Certified Public Accountant (CPA) exam is one of the most challenging professional exams in the world, and the Regulation (REG) section is one of the four sections of the exam. The REG section covers taxation, business law, ethics, and professional responsibilities. The purpose of the REG section is to assess a candidate's ability to apply regulatory and legal principles in a business environment. The process of CPA REG  is divided into three parts: application, preparation, and examination. Application The first step in the process of CPA REG  is to apply to take the exam. This involves submitting an application to the state board of accountancy in the state where the candidate intends to become licensed. The application requires the candidate to provide personal information, education history, and work experience. Once the application is approved, the candidate will receive a Notice to Schedule (NTS), which allows them to schedule the exam. Preparation The second step ...

Pass Rates for the AUD Section of the CPA Exam

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The AUD section of the CPA exam has a reputation for being one of the more challenging components of the exam. This section is designed to test candidates' knowledge of auditing and attestation services, including their ability to plan, execute and report on an audit engagement. The pass rates for the AUD section of the CPA exam tend to be lower than those for the other three sections, which are Financial Accounting and Reporting (FAR), Regulation (REG), and Business Environment and Concepts (BEC). According to data released by the American Institute of Certified Public Accountants (AICPA) , the pass rates for the AUD section in 2021 ranged from 43.27% to 53.77% depending on the testing window. By comparison, the pass rates for the other three sections ranged from 56.06% to 66.16%. There are several reasons why the AUD section has lower pass rates than the other sections of the CPA exam . One reason is the complexity of the material covered in the exam. Candidates are tested on v...