AGA SEMINAR
WEDNESDAY, MAY 20
2:35 UNTIL 3:25
HOLIDAY INN
NORTH BOULEVARD
RICHMOND CHAPTER
ASSOCIATION OF
GOVERNMENT
ACCOUNTANTS
CPA EXAM
CHANGES AND UPDATE
JOE HOYLE
CO-FOUNDER
CPA REVIEW FOR FREE
WWW.CPAREVIEWFORFREE.COM
ASSOCIATE PROFESSOR
UNIVERSITY OF RICHMOND
COMMENTS? SUGGESTIONS?
QUESTIONS? IDEAS?
Jhoyle@richmond.edu
804-289-8594
AND NOW
A
PLUG FOR
MY COMPANY
WITHOUT SPENDING A PENNY ON
MARKETING
WWW.CPAREVIEWFORFREE.COM
HAD
OVER THREE MILLION PAGE VIEWS
IN THE FIRST 46 WEEKS OF
OPERATION
WHY SHOULD YOU CARE
ABOUT THE CPA EXAM AT
ALL?
HOW DOES IT IMPACT YOU
AND YOUR JOB?
(1) – You have already passed the CPA
Exam and want to make sure they
don’t 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.
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
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
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
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
When Joe took the CPA Exam, it
was 19 ½ hours long and began
Wednesday at 1:30 and went to
Friday at 5:00. How long is the
total CPA Exam now?
A – 14 Hours
B – 15 ½ Hours
C – 17 ½ Hours
D – 20 Hours
You are taking a part of the exam
(except for BEC) and the multiplechoice 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.
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
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
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
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
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
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?
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
Sample question: Government accounting
provides information to help which of the
following:
I – Users making political decisions
II – Citizens interested in whether today’s
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