Sunday, April 15, 2012

CPA exam test scores do expire!

Don't let this happen to you!  This passage seen over the weekend on a popular linked-in group for the CPA exam:
"...Valerie, I couldn't pass REG within the 18-month window, so I lost BEC since it was the first exam I passed--totally stinks. I was devastated!!"

That's right, CPA exam scores are similar to fish and bananas... i.e. they dont last forever. So in addition to layering a schedule with Study, Work, Earning 150hrs (if not already achieved), you have to add to that an expeditious schedule which attempts to complete your exam in no more than 1 year.  With a one year target, you will have time if you need to re-take test # 2 or 3... or 4.  each exam score will come with a pass date and a expiration date: (see below)
In effect, each exam has its own 18 month window within which, the other remaining 3 sections must be completed.  This is why the conventional wisdom says that one should try to do the most "difficult" section first.  That way if it is passed, Great!... on to the easy ones.  If it is failed, at least the 18 month clock does not start to tick.

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