AGA SEMINAR

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AGA SEMINAR

• WEDNESDAY, MAY 20
• 235 UNTIL 325
• HOLIDAY INN
• NORTH BOULEVARD

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RICHMOND CHAPTERASSOCIATION OF GOVERNMENT
ACCOUNTANTSCPA EXAM CHANGES AND UPDATE
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• JOE HOYLE
• CO-FOUNDER
• CPA REVIEW FOR FREE
• WWW.CPAREVIEWFORFREE.COM
• ASSOCIATE PROFESSOR
• UNIVERSITY OF RICHMOND

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COMMENTS? SUGGESTIONS?QUESTIONS? IDEAS?

• Jhoyle_at_richmond.edu
• 804-289-8594

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AND NOWAPLUG FOR MY COMPANY
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WITHOUT SPENDING A PENNY ON MARKETING

• WWW.CPAREVIEWFORFREE.COM
• HAD
• OVER THREE MILLION PAGE VIEWS IN THE FIRST 46
  WEEKS OF OPERATION

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WHY SHOULD YOU CARE ABOUT THE CPA EXAM AT ALL?
HOW DOES IT IMPACT YOU AND YOUR JOB?
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(1) You have already passed the CPA Exam and
want to make sure they dont mess it up.(2)
You hope to pass the CPA Exam and are curious
about what you face.(3) You are a member of
the accounting profession and want the reputation
to stay strong.
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HOW MUCH DO YOU KNOW ABOUT COMPUTERIZED CPA EXAM
WHICH STARTED IN 2004?

• Approximately, what was the increase in pass rate
  with the computerized exam?
• A No change
• B 2 percent
• C 8 percent
• D 17 percent

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If you want more information about every aspect
of the CPA Exam, where should you look? A
Intermediate Accounting Textbook B AICPA
Candidate Bulletin C Journal of Accountancy D
www.CPAreviewforFREE.com
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According to Joe, the true secret to passing
the CPA Exam is spending enough hours in study.
How many hours (in total) does Joe recommend? A
10,000 B 2,000 C 800-1,000 D
250-400 E 150-250
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In the good old days, candidates took all parts
of the exam twice a year at the beginning of
May and November. Now, how often can you take
each part of the exam each year? A
Unlimited B 12 times C 6 times D 4 times
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When Joe took the CPA Exam, it was 19 ½ hours
long and began Wednesday at 130 and went to
Friday at 500. How long is the total CPA Exam
now? A 14 Hours B 15 ½ Hours C 17 ½
Hours D 20 Hours
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• You are taking a part of the exam (except for
  BEC) and the multiple-choice questions seem to be
  getting harder.
• A - That is your imagination.
• B - That is good news.
• C - That is bad news.
• D - You are getting tired.

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• You are taking a part of the exam (except for
  BEC), you can pass the exam by getting 100
  percent of the multiple-choice questions correct.
• A - True
• B - False

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• The CPA Exam has a curve on it so you do not need
  to get 75 percent of the questions correct in
  order to pass.
• A True
• B False
• C True and False

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• On all parts of the exam except BEC, there is a
  written communication question. That question is
  graded (at least in part) based on the content of
  the answer.
• A True
• B False
• C - True and False

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The CPA Exam is a state licensing exam. You
must be approved by a state in order to take the
exam. You must physically take the exam in the
state in which you have been approved. A
True B False
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The CPA Exam is a state licensing exam.
Therefore, the CPA Exam can only be taken in the
United States and a few territories such as
Puerto Rico, DC, Guam, and the Virgin Islands. A
True B True for now C Absolutely false
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You work multiple-choice questions in the first
three testlets (30 in each testlet in every part
but Regulation which has 24). All of these
questions are graded and included in your
score? A Yes B No C Are you kidding?
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On the average, how much state and local
government accounting is tested on the CPA
Exam? A 25-30 percent of Regulation B 30-40
percent of BEC C 45-55 percent of
Regulation D 8-12 percent of Financial
Accounting
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Sample question Government accounting provides
information to help which of the following I
Users making political decisions II
Citizens interested in whether todays benefits
will be paid by citizens in the future A I
only B II only C Neither I nor II D Both
I and II