Studying for the CPA Exam: An Inverse Relationship

by Megan Taylor on August 30, 2015

I have been diligently studying for the first section (FAR) of the CPA exam since August 25th. (I took the weekend and my birthday as a break from finishing grad school.) In the last five days, I have made a decent amount of progress.

There are 10 lessons for FAR in the study course I bought. I have finished the first one and am in the middle of the homework for the second. In case anyone is wondering, each lesson has four hours of lectures, five to six hours of homework problems, one to two hours of task-based simulations, and one to four hours of progress exams. The program also recommends at least one hour of flashcard review for each section. That’s 13 to 17 hours of studying per section. Good times.

One of the first videos in the study course talks about Extraordinary Items. For those who don’t know, in accounting, an Extraordinary Item is something that is both unusual and infrequent.

To quote the video:

“You know what’s a great example of an extraordinary item, I’ll give you an example: you having fun between now and exam day. That should be an extraordinary item; something that is both unusual, and infrequent. You should not be having fun. There is an inverse relationship between happiness and passing this exam.

I still haven’t received my notice to schedule, but when I do, I’m planning to schedule the first section of the exam for the last week in October or the first week in November. So… no fun for me until November 5th, at the latest. (“Remember, remember, the fifth of November…”)

Good times. *wry*

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