Progress Report: Week 3
I managed to pick up the studying pace a bit this week. Roger CPA Review has really helped me study more, and I feel like I’m getting more out of the time I spend studying.
My first week, my average hours studied per day was a little under 1 hour a day. After the second week that dropped to under 3/4 of an hour, but it’s back up to just under an hour this week. I’m going to keep working on it, and my goal for next week is to have that way up!
The online CPA review I’m using is a series of videos of Roger teaching classes. So this past week, I watched the first section of videos on FAR. It was about four hours of “class time” covering the basic definitions and accounting for marketable securities and a little bit about derivatives.
Then I went through the first section of homework questions. I watched the first four videos before I got the accompanying Roger review book, which explains which homework problems to do, so I didn’t realize there was assigned homework after each hour-long video. I have finished the required homework from the first hour of “class” but still need to work on the homework assignments for the other 3 “hours” I have completed so far.
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It’s interesting that I gather CPA prep is a primarily solitary activity, eh?
I point this out because studying for your CA, it’s all about having a good study buddy or buddies to read and mark your practice cases. Well good luck.
A study buddy would be nice, but it seems as though all the other students I know either aren’t thinking about the exam yet, or are already through several sections.
So please do explain – is it mostly question and answer? Long-form questions with text… math? Multiple choice?
The type of exam influences how you study for it, and you’re my main source for info on it at the moment as I’m too lazy to look up other sources.
The Financial Accounting section I’m studying for at the moment is 70% multiple choice, 20% “simulations,” and 10% written communication.
The simulations I haven’t looked at much yet, but they tend to be one long problem with several small parts to answer. They try to cover a full topic in one question it seems.
The written communication problems include situations such as explaining an accounting concept to a client via a letter. The grading for those is based more on how you structure your response (ie, you have a salutation on your letter and answer the right question) than having the correct answer.