According to the AICPA, the CPA exam is scored on a scale between 0 and 99. Everyone knows that you need a scaled score of 75 or more to pass and become a Certified Public Accountant, but what does that mean and how do you score that? No one really understands their CPA exam score…
Historically, the average CPA exam passing rates for each section have been around 50 percent. According to the AICPA, at least half of the CPA candidates who take the Certified Public Accountant exam each quarter fail their exam part. This isn’t an encouraging statistic by any means if you are looking to take the exam, but…
There are well over half-a-million licensed Certified Public Accountants in the US according to a recent study performed by the National Association of State Boards of Accountancy. This is roughly the population of El Paso, TX! This data was assembled from NASBA’s interstate database that holds records from all 55 state boards and licensing authorities…
Chances are if you’ve looked into pursuing CPA exam application and becoming a Certified Public Accountant, you’ve found out that it’s not free. There are several different CPA exam costs involved in sitting for the exam and getting your license that many people don’t tell you about. Getting your CPA certification is a big investment…
There are a ton of different accounting certifications that financial professionals can use to enhance their careers, achieve promotions, and get pay raises. Each of these accounting designations is slightly different and have a different career focus. Therefore, depending on what you want your career to look like, some of these might be the best…
Both the CPA (Certified Public Accountant) and CIA (Certified Internal Auditor) are credentials that you earn by passing an examination. CPAs must be licensed by the state(s) in which they practice, but CIAs do not have to be licensed. If you become a CIA then your focus will be on overseeing a company’s internal financial…
Studying for the CPA exam is challenging. Sometimes you get stuck in a rut and start questioning your ability to pass the CPA exam. Or worse, you start asking yourself why you even started this journey to begin with. We’ve all been there before. Don’t get discouraged. All you need is a little pick-me-up and…
Many accounting students and professionals want to advance their careers and increase their salaries, but they don’t know which certification to choose from CMA vs CPA. Both of these designations will help you earn more money and get promoted, but they have different career paths. Let’s take a look at some of the unique advantages of…
The REG (Regulations) CPA exam section tests candidates’ understanding of taxation at a federal level, law and legal matters in a business context, as well as the ethical and legal standards an entity and professional should be responsible for. In other words, the REG CPA Exam covers business law and federal taxation topics. This section…
The FAR (Financing Accounting and Reporting) section of the CPA exam covers topics like GAAP, financial statements, financial transactions, and reporting for non-profits. Many candidates consider the CPA FAR exam to be the most challenging of the four because of its length and scope of information covered on the test. The FAR CPA exam is…