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Subject Topic: The CPA exam is real screwy! (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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CPA#1
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Posted: 01 Mar 2011 at 22:17 | IP Logged  

Ok, I'm about to take all my CPA review books and just throw them out the window. I keep taking these stupid practice sets on Gleim and keep getting in the low 70s. I'm just so ticked off. I know people said that I don't need a 75, but I say I do because getting in the low 70s is borderline and puts me at risk of failing the exam. And these Gleim questions are driving me off the wall. They gave an indirect method cash flow question where they don't even give you the Net Income. You had to figure out the Net Income based on the Dividend Payout Ratio they gave you. And from there, you had to figure out the Operating section of the Cash Flow Statement. Dividend payout ratio was not covered in Yaeger. And this is just one of SEVERAL ridiculously difficult questions I've encountered.

I don't know. I started studying like crazy in January with full confidence that I was going to pass. I'm now going through a lot of practice questions in Gleim and now I'm losing my confidence and I feel like throwing all my books away. I don't know. I feel like all those hours I've put in the past couple of months were a complete waste. I'm telling you, I'm losing it!

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oldog new trics
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Posted: 15 Mar 2011 at 16:25 | IP Logged  

CPA#1 wrote:
Ok, I'm about to take all my CPA review books and just throw them out the window. I keep taking these stupid practice sets on Gleim and keep getting in the low 70s. I'm just so ticked off. I know people said that I don't need a 75, but I say I do because getting in the low 70s is borderline and puts me at risk of failing the exam. And these Gleim questions are driving me off the wall. They gave an indirect method cash flow question where they don't even give you the Net Income. You had to figure out the Net Income based on the Dividend Payout Ratio they gave you. And from there, you had to figure out the Operating section of the Cash Flow Statement. Dividend payout ratio was not covered in Yaeger. And this is just one of SEVERAL ridiculously difficult questions I've encountered.

I don't know. I started studying like crazy in January with full confidence that I was going to pass. I'm now going through a lot of practice questions in Gleim and now I'm losing my confidence and I feel like throwing all my books away. I don't know. I feel like all those hours I've put in the past couple of months were a complete waste. I'm telling you, I'm losing it!

Keep in mind that these questions you are using were thrown out of the exams for a reason.  I found that Gleim was harder than the exams and the questions were worded strangely.  Questions that no one got correct are tossed off the exams, and IMO, end up in a Gleim book.  As long as you understand the material, and how they tricked you in the wording of the question, job done.  Move on.  Do not beat yourself up cause you can't wup Gleim. 

Sit down.  Take a deep breath...  Exhale through your nose...  Now focus on the parts you keep getting incorrect only, then retake the practice test - repeat.  Every other day, go back and cover chapters 1 or 2 so you don't forget the early stuff - repeat.

Take the test without a timer - take your time.  If you get it correct, you know the materials.  Start using the timer again 10 days before the exam so you get back into the habit of pacing yourself. 

They are not going to have that many mean/tricky/rotten, low down tricks on the exam.  Very few people get them correct and it isn't indicative of anyone's mastering of the materials.  And if you don't get the really tricky questions, 95% of those taking that exam won't either, so don't fret over it.



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OZZMAN
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Posted: 15 Mar 2011 at 17:59 | IP Logged  

oldog new trics wrote:

CPA#1 wrote:
Ok, I'm about to take all my CPA review books and just throw them out the window. I keep taking these stupid practice sets on Gleim and keep getting in the low 70s. I'm just so ticked off. I know people said that I don't need a 75, but I say I do because getting in the low 70s is borderline and puts me at risk of failing the exam. And these Gleim questions are driving me off the wall. They gave an indirect method cash flow question where they don't even give you the Net Income. You had to figure out the Net Income based on the Dividend Payout Ratio they gave you. And from there, you had to figure out the Operating section of the Cash Flow Statement. Dividend payout ratio was not covered in Yaeger. And this is just one of SEVERAL ridiculously difficult questions I've encountered.

I don't know. I started studying like crazy in January with full confidence that I was going to pass. I'm now going through a lot of practice questions in Gleim and now I'm losing my confidence and I feel like throwing all my books away. I don't know. I feel like all those hours I've put in the past couple of months were a complete waste. I'm telling you, I'm losing it!

Keep in mind that these questions you are using were thrown out of the exams for a reason.  I found that Gleim was harder than the exams and the questions were worded strangely.  Questions that no one got correct are tossed off the exams, and IMO, end up in a Gleim book.  As long as you understand the material, and how they tricked you in the wording of the question, job done.  Move on.  Do not beat yourself up cause you can't wup Gleim. 

Sit down.  Take a deep breath...  Exhale through your nose...  Now focus on the parts you keep getting incorrect only, then retake the practice test - repeat.  Every other day, go back and cover chapters 1 or 2 so you don't forget the early stuff - repeat.

Take the test without a timer - take your time.  If you get it correct, you know the materials.  Start using the timer again 10 days before the exam so you get back into the habit of pacing yourself. 

They are not going to have that many mean/tricky/rotten, low down tricks on the exam.  Very few people get them correct and it isn't indicative of anyone's mastering of the materials.  And if you don't get the really tricky questions, 95% of those taking that exam won't either, so don't fret over it.

Good Advice olddog

Agree 100%

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CPA#1
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Posted: 21 Mar 2011 at 09:54 | IP Logged  

oldog new trics wrote:

CPA#1 wrote:
Ok, I'm about to take all my CPA review books and just throw them out the window. I keep taking these stupid practice sets on Gleim and keep getting in the low 70s. I'm just so ticked off. I know people said that I don't need a 75, but I say I do because getting in the low 70s is borderline and puts me at risk of failing the exam. And these Gleim questions are driving me off the wall. They gave an indirect method cash flow question where they don't even give you the Net Income. You had to figure out the Net Income based on the Dividend Payout Ratio they gave you. And from there, you had to figure out the Operating section of the Cash Flow Statement. Dividend payout ratio was not covered in Yaeger. And this is just one of SEVERAL ridiculously difficult questions I've encountered.

I don't know. I started studying like crazy in January with full confidence that I was going to pass. I'm now going through a lot of practice questions in Gleim and now I'm losing my confidence and I feel like throwing all my books away. I don't know. I feel like all those hours I've put in the past couple of months were a complete waste. I'm telling you, I'm losing it!

Keep in mind that these questions you are using were thrown out of the exams for a reason.  I found that Gleim was harder than the exams and the questions were worded strangely.  Questions that no one got correct are tossed off the exams, and IMO, end up in a Gleim book.  As long as you understand the material, and how they tricked you in the wording of the question, job done.  Move on.  Do not beat yourself up cause you can't wup Gleim. 

Sit down.  Take a deep breath...  Exhale through your nose...  Now focus on the parts you keep getting incorrect only, then retake the practice test - repeat.  Every other day, go back and cover chapters 1 or 2 so you don't forget the early stuff - repeat.

Take the test without a timer - take your time.  If you get it correct, you know the materials.  Start using the timer again 10 days before the exam so you get back into the habit of pacing yourself. 

They are not going to have that many mean/tricky/rotten, low down tricks on the exam.  Very few people get them correct and it isn't indicative of anyone's mastering of the materials.  And if you don't get the really tricky questions, 95% of those taking that exam won't either, so don't fret over it.



I didn't know that those questions were thrown off the exam. And yeah, I have to agree, there were some questions that were worded strangely. And IMHO, some questions weren't detailed enough that the answers can be debatable.

With that said, I'm happy to report that I got an 86% on my practice set yesterday. I have to say, it was a miracle I got that high as I've never exceeded 76% until now. I think I was lucky enough to get an easier set of questions this time. So, this may be a once in a lifetime thing, lol. But the fact that I was able to wup Gleim just once is a very good sign and I'm feeling more confident that I'll pass when I take the exam on the 2nd.


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AUD: 47,87
BEC: 80
REG: 64,74,84

DONE!!!!!!!
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CPA#1
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Posted: 30 Mar 2011 at 09:37 | IP Logged  

I knew that 86% I got before was a once in a lifetime thing. I got a dreadful 50% last night on my practice set on Gleim and my exam is only 3 days away. I checked my wrong answers and my bad score was due to the following:

1) I happened to get a lot of strangely worded questions.
2) I got a lot of questions on topics not in the Wiley book. Seriously, dividend payout ratio??? Must I know that for the exam?
3) I'm overly stressed and edgy lately due to the exam date being only a few days away.
4) I think I've overstudied. Keep in mind that I've been studying 20-35 hours a week for the past three months and never gave myself a days rest.
5) I'm still not learning to read question VERY CAREFULLY. I'm not watching my dates.

Had I done #5, I probably would've hit the 70s or low 80s.

But all 5 of that combined is really messing me up. After taking hundreds of practice questions and getting them wrong, I've concluded that I've studied more than enough to kick butt on the exam. It's just that I'm overly stressed and cannot focus anymore and that's corrupting my ability to solve these problems.

It's ridiculous when I get a question wrong, I see the explanation and I slap myself saying "Doh! I knew that! I'm so stupid!!" I knew the topic real well, but it's the wording of the question that's screwing me up big time. For example, there was one question in Gleim asking you to calculate the the revenue. The question was worded like this, "X Company has agreed to perform services for $50,000 for 5 years. They received $10,000 in advance. The service were not completed in year 1, so it will commence in year 2. What's the revenue for Year 1?" Guess what the answer was ? ZERO?? No services were performed in year 1. Duh!! But they way they worded it made it sound like it did perform services in year 1. One must have a good understanding of the word "commence" in order to answer the question. Unfortunately, I don't and that's what's going to hurt my score when I take the exam on Saturday. Gleim has ruined all the confidence I had in myself. Seriously!! I'm at a loss for words and now feel like I'm going to fail miserably despite all the hard work and hours I've put into studying for this exam. I've never studied so hard in my life, believe me, and sadly, I don't think it will pay off.

BTW- After I bombed Gliem, I practiced using the Wiley software and got an 80% on their practice questions. Seriously, I'm so confused right now. Am I ready for this exam or not? Why are my results soooo inconsistent? I'm going maaadddd!!


__________________
FAR: 52,66,73,61,89
AUD: 47,87
BEC: 80
REG: 64,74,84

DONE!!!!!!!
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