CPA Exam Experience Episode 2: Retaking BEC, Final Review Tips, and Self Doubt on the CPA Exams
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May 3, 2024
In this episode of the CPA exam experience, you'll hear an interview with a SuperfastCPA customer trying to pass his BEC retake. We cover the CPA study strategies, final review strategies, and motivation, mindset, and overcoming self-doubt. Go to the episode page here: https://www.superfastcpa.com/podcast2/
View Video Transcript
0:00
Welcome to Episode 2 of the CPA Exam Experience podcast from SuperfastCPA
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I am Nate, and in this episode, I have a call that I recorded with a SuperfastCPA customer
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a few months ago and I'm now just getting around to editing it for the podcast
0:27
So what this interview was, I got an email from a customer, his name is Daniel
0:34
He had been out of school a long time. You know, a lot of our customers are in that situation, or a lot of people taking the exams
0:40
are in that situation. They had come back to the CPA exam after being out of school for a long time
0:47
And he works as a senior accountant and he was kind of struggling with the study process
0:54
got a 74 on BEC twice. And so on this call, we cover a lot of stuff on this call, but primarily I'm just trying
1:05
to help him smooth out some of the bumps he's experiencing with the study process
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And we go deep into the daily study process, what it should look like, and then towards
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the end, we go through some mindset stuff, how to get over the self-doubt of thinking
1:23
you're not fully prepared, the self-doubt and kind of the panic during the actual exam itself
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And then also how to, we really just cover a lot. So I think you'll find the content of this interview pretty helpful
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At the same time, we kind of jump in and out of the study process just based on the specific
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parts he's struggling with. So again, if you're kind of a first time listener or you've never been on one of our study training
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sessions, that is the best place for you to start. We do these free one hour webinars where we walk through what your study process should
2:01
look like, and we frame it as the perfect two hour study session
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So you learn how to study effectively, even if all you have is just two hours a day with
2:12
your main review course. You can sign up for one of those free sessions at superfastcpa.com slash training, or you
2:19
can just text PASSNOW one word to 44222 or go to our main site and you can easily find
2:26
a link to register for one of those trainings. All right. So that's enough of the intro
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Let's get into this interview. Right. So what I was thinking of, I wrote some things down that will give you an idea of where I
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am and maybe I can go through them before you give me some advice or things to do. Yeah
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So basically, yes. Yep. Yeah. Let's just start with like, what's your kind of CPA journey been like
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And yeah, just mix that stuff in. Like what, what have you struggled with or whatever you wrote down
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Let's just go from there. Right. So like I said on my email, I'm 47, I've been working in accounting since I left college
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and I wasn't a strong accounting student, but I've always had the desire to become a
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CPA and have been struggling with it since maybe 10 years ago
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I decided to take BEC because it was, you know, I said, let me get my feet wet and maybe
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try the one that people say that is the easiest one. But I've been struggling with it mainly I think because of, I was not a very good test
3:49
taker in college or, you know, I was not using the right program or the right method to study
3:59
So that being said, now I'm getting, I took a test exactly one month ago and by now I'm
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over the shock of failing it once more. When before, before I used to, it used to really hit me really hard and then I would
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just stay away from it for more than six months and go back to my regular routine, doing my
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sports and basically procrastinating. This time I'm basically over it, I want to get back into it
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So while studying, I was following your method and this is the first time that I've done
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the test within eight to nine weeks. Before I used to take a lot longer, mainly because I say, well, I need to learn this
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stuff since I've been out of college for so long. But like you say on your recordings, it's, I'm shooting myself in the foot because I'm
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taking too long and it's a marathon, you know, it's a sprint, not a marathon
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So while following your method of study, I felt like I was making progress while resisting
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the urge to move the testing date forward. I have to be honest and say, I did not do a lot of simulations or full practice tests
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So now, studying now after I failed it a month ago, I feel somewhat lost because I don't
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have that structure of studying in the morning and checking off the boxes in Wiley and just
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moving on. So now I feel somewhat lost because I just want to put emphasis on this section that
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I did not do good on or that I was weaker on
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So while studying, for example, on hard multiple choice questions, I tend to complicate my
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life because maybe I don't understand the stem of the question or I can't come up with
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a strategy to solve the multiple choice question or the wording confuses me and I tend to concentrate
6:15
on the leaves instead of looking at the trees and forming a strategy to solve complicated
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questions or simulations. So that being said, while studying and doing well, my confidence level goes up, but when
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I'm spending too much time on the multiple choice questions or get stuck in a simulation
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doubts start creeping in and the preparation experience is not so pleasant anymore, mainly
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because I know that I won't have that much time on the test to do a similar question
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or problem. Another thing is when I'm at the Prometrics Test Center, I tend to get too stressed at
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the testing center, specifically if I don't know the topic or I didn't study well on
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the topic, I know that I'm deficient in that portion. So that gives me stress, especially one of the first questions that I see is specifically
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on that topic. That really hits me hard and then my confidence level goes down
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I think I'm handling the time management well, but in country, the multiple choice
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of simulation that stumps me will play with my confidence and I think I'm losing lots
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of points because of that. Like I said, the last two times that I've taken BEC, I had a 74 each time
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And so my mental state at the moment, I doubt myself a lot
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I can't really, you know what I'm saying, I can't, can I really do this
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If I pass the BEC, which has given me so much trouble, how would I pass FAR
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And that's where I am right now. Yeah. Well, okay, so a couple of things of good news
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So first, if you've gotten a 74, that, I mean, honestly, like on a different day with maybe
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a few different questions, you know, that would be a passing score
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So you're extremely close. And yeah, I'll give you some strategies that I'm pretty confident can, you know, get you
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over that hump. And then the other thing is the last thing you said about BEC, if you can't pass BEC
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how much would you struggle with FAR? That's not always true. Because you work, did you say you work as a controller
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No, no, I'm a senior accountant. Okay, so, but you work in financial accounting
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Yes, I do. Yeah. Okay. So like that, a lot of FAR will be right up your alley, stuff that you have just a lot
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of experience in. And BEC, BEC does, can be very confusing, especially, I think you mentioned the corporate governance
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There's just a lot of, it's a lot of conceptual stuff. And it's kind of similar to audit, where there's so much conceptual material, and so
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much of it sounds so similar, that it can kind of just be confusing
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Or, I mean, it is really confusing. And so that is kind of a common experience with BEC
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And then the other thing you mentioned, I would recommend, like, yeah, a shorter study window
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So, you got a 74. I would, when you decide to, you know, jump right back into this, I would set a study
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window of like, honestly, like four to five weeks. And just prepare mentally that you're just going to hit it hard every single day
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And it is more, view it more of a sprint. Like, this is shorter, but I'm going to go harder each day
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And that, I just think that works much better. Spreading it out further, it just really gives you more time to kind of forget big pockets
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of stuff you've studied. So in that four to five week window, I will hit harder the sessions that I didn't do well on
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Not really. I'll give you the full, I'll give you the full, like, strategy
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The only other thing I was going to ask is, when you study, are you making your own flashcards
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or your own? Yes. Yes, I am. Okay. And do you do those in a..
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I'm trying to follow your method as best as I can. And everything that you say on your recordings and everything that I've read, that's the
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way I study, the same way that you suggest. Okay. All right
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So, yeah, let's just start from the top then. So what I would recommend exactly would be, so you set a test date that's like, gives
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you four or five weeks to study. And then each day, ideally you'll study in the morning, like you kind of mentioned you've
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done in the past. And like a two hour session in the morning is kind of all you really need to aim for
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And in those sessions, I wouldn't go back lesson by lesson. I would work in this format
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You do one set of 30 multiple choice questions and kind of generate from all topics
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So you're just generating like basically a practice testlet. So 30 questions pulled from all topics
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And you work through that in test mode. So you're not seeing the answers after each question, just at the end
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And then you kind of carefully go through the responses and keep making your own flashcards
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Do you use a digital like, what's the one I... Brainscape or no? Quizlet. Quizlet. Yes. Yeah
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That one. Yeah. Okay. So you keep making your flashcards and the flashcards is a thing where you want it to
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be an 80-20 type thing where you don't want to spend like you don't want to basically
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rewrite the textbook in the form of flashcards. You don't want to take notes on every single thing
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It's just stuff that you personally kind of struggle to remember or struggle to understand
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And you want to, as you're sitting there reading explanations, explain it back to yourself
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like out loud. Explain it back to yourself while you're sitting there out loud until you kind of get the idea
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And then once you kind of have it for that, just right then and there, write out a flashcard
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in your own words. And that's what will work the best later on
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So you go through that process, 30 questions, and then do another set of 30 questions, and
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then follow that with a set of five to seven practice simulations
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And that... You want to get to where you can do those three things
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30 questions, review. 30 questions, review. Five to seven practice simulations, and review
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You want to be able to do that in that two-hour window
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And you should be able to kind of do that because by test day, you want to be able to
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go through multiple choice questions, basically one per minute. That's just what you want to shoot for, to leave yourself as much time as possible for
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the simulations. And it just prevents kind of the overthinking
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And just jumping back to one thing you said. You just really don't want to sit during the testing center and try to evaluate where you're
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at score-wise. Or like, oh, I didn't know this. That's like my fourth one I didn't know, so what's that going to make my score
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At that point, everything's just... You can't do anything about that. So if you're in the testing center, just to try to not stress out about that kind of
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a thing. You just don't try to evaluate where you're at or really just how you're doing
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And don't sit there and overthink certain questions. You just... You know if you know something or you don't
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And if you don't, you basically make your best guess and move on
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That's really all you can do once you're in the testing center. Okay
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One question. Yeah, go ahead. I did study with Wiley. I really like it because of the stats that it gives back
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It gives an answer on all options, not just the one that you got right or wrong
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I do have another method, like Surgeon. And since I didn't do well, let's say on a certain topic, would it be a good idea to
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go to that program and do some of the multiple choice questions there or just stick to Wiley 100%
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If you have access to the other one, yeah. I mean, just to get maybe a different variation of some of the questions, like, yeah, you
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know, work that in as well. And then for your weaker topics, so here's where..
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So that's basically your weekday routine. You know, you work full time and everything
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So on weekdays, you just are kind of aiming for that two-hour session in the morning
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Thirty questions, thirty questions, five to seven practice simulations. And doing that, like that alone, just that kind of cumulative review, I'm not a big fan
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of spending huge amounts of time on just like your quote unquote weaker areas, because you
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can and you will forget stuff from the other areas. I think what works best is coverage of all the topics, just hitting all the topics just
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over and over and over and over. And that's what those sets of 30 questions will do for you
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Even on the weekends when you have more time. So on Saturdays and Sundays, aim for a longer study session, like four to six hours
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And that is where... So start that study session by the same thing, 30, 30, and then some practice sims
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And that should take roughly 90 minutes to two hours. And then the rest of that study session, you can go back
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And if there's still just some things like, again, maybe the corporate governance, then
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spend some time going deeper in some of your absolute weakest areas or things where..
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Because I'm looking at the blueprints right now and corporate governance essentially just
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is basically about COSO and the internal control framework. And just to kind of go, it's kind of this set of broad ideas that a lot of questions
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could come out of. There's a lot of ways they can ask questions on this kind of stuff
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So those are the kind of topics where a video lecture can be pretty helpful, where you're
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getting this kind of base understanding of these broad kind of deep ideas that a lot
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of questions can come out of. And it is a pretty, like it's 17 to 27% of the BEC exam
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So it's a pretty big portion. So on Saturdays and Sundays, that's when you spend some time going deeper into your problem topics
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But yes, for a restudy, the first thing you want to do or the main thing you want to do
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is those sets of 30 questions. 30, 30, and then a set of practice sims
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And that just really kind of helps you practice kind of the same format you'd see on test
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day, you know, testlets and then some practice sims. And you're making your own flashcards as you do that
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And then you still want to do the mini sessions throughout the rest of your day
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Like as many times as you've listened to the audios or whatever, keep listening to those
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when you drive to work, when you drive home, do some mini quizzes throughout your day
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And then the big thing, though, is our is our review notes. You just read the review notes whenever you have a chance to pull out your phone for like
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three to five minutes. And you just read those from start to finish, just over and over and over as many times
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as you get through. Right. Should I spend some time doing a full practice test
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See, I'm not I just I'm not like to me, that's just like an if you want to type thing
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I just I don't think that like gives anyone a huge benefit or not
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And these these sets of 30 questions that you're doing daily, that's essentially a testlet
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And you're doing them in test mode again. You don't see the answers till after you've done all you've done all 30 questions
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And that's basically and you do the practice sims the same way
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So it's just like a testlet on test day of sims. I just to then sit there for, you know, torture yourself and do a four hour full practice
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practice exam. Unless you were having like major issues with the time management
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I just I don't think that's that important. As far as a final review goes, this this will help you a lot as well
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If at all possible, set your test on a Monday. And then then you have Saturday and Sunday before
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I mean, if you're able to take two days off work, you know that the two days before your
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test date, then that can work as well. But if not, you set your test on a Monday and then you just spend all day Saturday and
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Sunday just doing a massive cram session. And all you're going to do is just even more of the same format
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30 questions, 30 questions are meaning multiple choice, 30 multiple choice, 30 multiple choice
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one set of practice simulations. And you just go through that format
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You keep making your flashcards. And then so let's say that Saturday and Sunday night, you've studied, I don't know, from
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eight in the morning till like five at night. I'm not saying go like clear until 10 p.m
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I mean, take somewhat of a break. Also, as far as work for every hour, work in like these 50 minute chunks where you're
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absolutely uninterrupted. And then if you need to just take 10 minutes where you like physically get away from your
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computer or look away from the screen or whatever. But then once your 50 minutes starts again, you know, you your phone is on silent
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It's turned on face down so you can't see alerts or anything or set it across the room
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just so you are 100 percent 50 minutes out of every hour is completely uninterrupted
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you know, high quality study time. Anyways, so so those two days and then the in the evenings of those two cram days before
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your exam, that is where you will get your flashcards you've been making this whole time
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and you'll start going through those on your phone just using the Quizlet app or whatever
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And you just go through those over and over and over again and then try to fit in reading
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through our review notes like from start to finish one time. That probably only takes like an hour, really
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Like they're really not that long. And then test day morning. Get up early
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Let's say your test was at 10 a.m. I just really liked getting up early and just keep the cramming going, because like I said
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it's a sprint and there is so much information. I think it's very beneficial to have as much of that stuff just floating around in your
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short term memory as possible. So like the weeks before, that's all time spent trying to actually learn the material
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have it kind of burned into your brain as much as possible. But it's not all going to be committed to long term memory
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And then just this week before your exam, and especially those two days in the morning
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of, as much cramming as you can do, it's just going to help once you actually get to the
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testing center. So get up, try to do another set of that 30 multiple choice, 30 multiple
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choice set of practice simulations. And then try to get to the testing center like an hour early
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And I would just sit in my car and I would go through my flashcards one last time
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And like every time I did that, I would go in because essentially if you're doing the
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flashcards things right, where you're only kind of writing down things that you keep
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forgetting or missing or you struggle to remember or understand, those flashcards are
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going to contain the answers to your weakest areas. Right. So going through the flashcards that one last time, like right before you walk
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in the testing center, I would go in and I would, like you said, I would see something
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like the first few questions just seemed like straight off what I had just reviewed in my
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flashcards. And I knew it because I had just done the flashcards. Right
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So, yeah, so those things, that's like the perfect formula for a restudy
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And you having a 74, if you just if you executed that every day, I mean, I would bet a
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lot of money that you can beat a 74 by just doing that exact thing for four or five weeks
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From your mouth to God's ears, I will do it. I will do it. Yeah. So I really, I really appreciate you taking the time to bring these points back
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to me. I will put them into practice and we'll set a date as soon as I can
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All right, man. Yeah, four to five weeks. Yeah, I think I was kind of writing some notes while you were talking and I think I
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covered everything. Do you have any other questions about anything? No, I think we've covered everything
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I got to figure out by myself how to get rid of the fear and just be confident when I
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go in that test center and not second guess or doubt myself
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Just going with the with with whatever I have and be confident that I've done the work
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Okay, so you saying that reminds me of one. There's a couple like, I don't know, kind of concepts or conceptual ideas that it's
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kind of hard for me to explain to people through typing something out or on some of
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my emails. And one of them is basically what you just said, where as you go through
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all this practice and you're spending just 90 percent of your time on practice
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problems, it can kind of feel like like, I'm not sure if I'm even though you're
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towards the end, you'll be getting most of the questions right. And if you've been doing this every single day, you'll probably have seen a lot of
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these questions, you know, multiple times by then. And so, you know, the answers to the questions
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But then when you're away from your material, like walking around during the day
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you're kind of have these thoughts of like, I'm not sure I really like deeply
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understand all this stuff or all these topics. Or like if I had to get up and give a lecture on COSO, I wouldn't even know where to
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start. And so there's that kind of self-doubt or that idea. And it's that goes back to what I'm always talking about, where you're not trying to
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become an accounting professor through this process. You just need to be able to answer questions on test day
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And so just kind of trust when you sit down and you start seeing questions and you can
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answer them all. That's all you really need to know how to do
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And yeah, all that second guessing. I know exactly what you're talking about, because I would think like I can answer the
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questions when I'm sitting there studying. But I really feel like I don't have like this deep grasp of, you know, from back to
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forwards, like the whole topic or all the lessons. Or I couldn't like explain it to someone piece by piece, but I can answer the questions
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when I get a question. And, you know, so you don't worry about that whole other side of like, I couldn't write
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a textbook about COSO. You don't need to be able to, you know, you just need to you just need to be able to
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answer the questions as they come. And so doing these sets of 30, 30 and then practice Sims every day for four or five
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weeks, you will get very, very good at answering questions, which, again, that's all
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you got to do on test day. So, yeah, you don't don't worry about the other side of or just let the self doubt
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kind of cripple you or affect you in any way. OK, so one last thing and then I think I should call it a day
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All right. I don't want to take much of your time when I'm studying and I'm faced with
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a complex multiple choice question. And is it a good idea to just spend the time trying to figure it out on my own
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Or should I just go ahead and look at the answer? And you see, I feel like if I look at the answer, I'm not really learning anything
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But if I push myself through it, although I'm taking a long time, there will be some
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benefit to that. Am I right or wrong? Yeah, so it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's
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it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's
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30:36
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30:38
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30:40
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30:42
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30:44
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30:46
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30:48
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30:50
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30:52
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30:54
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30:56
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30:58
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31:00
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31:02
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31:04
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31:06
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31:08
it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's
31:10
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31:12
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31:14
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31:16
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31:18
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31:20
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31:22
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31:24
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31:26
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31:28
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31:30
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31:32
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31:34
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31:36
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31:38
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31:40
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31:42
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31:44
it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's
31:47
it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's
31:49
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31:51
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31:54
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31:56
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31:59
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32:01
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32:03
it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's
#Accounting & Auditing
#Other
#Training & Certification