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Thursday, January 29, 2015

2014 NASBA CPA Examination Candidate Performance Book

The National Association of State Boards of Accountancy announces the release of their annual Uniform CPA Examination Candidate Performance Book.

The 2014 edition "features comprehensive statistical data from all four testing windows of the Uniform CPA Examination administered in 2014."

According to the NASBA Website, the "Annual Candidate Performance Book features exclusive data from the National Association of State Boards of Accountancy. Top-ranked colleges and universities, accounting firms, researchers, professors, university accounting programs, corporate recruiters, students and aspiring certified public accountants find great value in the publication’s numerous statistical components."

Want a preview? A complimentary copy of the 2014 Examination Summary Report is available here
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Monday, January 26, 2015

5 Things CPA Candidates Can Do during a Snow Storm

Winter Storm Juno threatens to be a massive snowstorm for millions of people in the Northeast, starting today through Wednesday. Due to the blizzard-like conditions expected over the next several days, the National Weather Service has issued warnings across 7 northeastern states.

There are countless ways to spend the day when stuck at home during a snow storm. Below are 5 snow day suggestions for CPA Candidates.

1. Stock up on supplies. Obviously you need to be prepared, so getting to the store as quickly as possible before the storm hits is important. Be sure to include coffee on your grocery list in order to keep you focused on your CPA Exam studies.

2. Be productive. Take this time to focus on studying for the CPA Exam. It might be tempting to sleep in, watch television or peruse your social media channels, but remember your goals and priorities are to pass the CPA Exam this year. Stay focused!

3. Plan your CPA Review strategy. Research has shown students who have a study plan are more likely to stick to their studies and reach their goals. Therefore, a study plan can make all the difference between passing and failing the CPA Exam. The Roger CPA Review study planners not only fully incorporate the course syllabus, but can also be customized to account for your life events. Now is the time to organize your studies and your life.

4. Browse accounting and CPA forums. Feeling uninspired? Sometimes it's good to connect with others who are on the same path as you. Browsing accounting and CPA forums on LinkedIn will connect you with other CPA candidates and hopefully give you the inspiration you need to focus on your review material over the next several snow days.

5. Work on MCQs. Add the new CPA Exam MC Question Mobile App to your study routine and harness a deeper understanding of the most tested topics on the CPA Exam! Start quizzing yourself over the material, anywhere. The MCQ app is perfect for convenient quizzing and on-the-go studying. Try it while you’re shoveling snow out of your driveway!

Snow days are great opportunities to take advantage of extra study time. Focus on your goals to complete the CPA Exam this year in order to stay productive, but most importantly, stay safe and warm.
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Friday, January 23, 2015

CPA Salaries for 2015

If you're considering becoming a CPA, it's good to know that jobs in the CPA field pay some of the highest salaries among all professions in the United States. You might also keep in mind that, along with making a good living, CPAs have a higher rate of job security. The Bureau of Labor Statistics reports that 166,700 new accounting and auditing jobs will be available by the year 2022. That's a 13 % increase in job growth over the next few years. 

Robert Half's 2015 Salary Guide*, Public Accounting Salaries for 2015:

Title/Experience
Salary Range


Tax Services – Large Firms
Senior Manager/Director
$ 119,000 - $ 198,000
Manager
$ 96,000 - $ 139,000
Senior
$ 78,500 - $ 106,500
1 to 3 Years
$ 63,250 - $ 83,250
Up to 1 Year
$ 55,750 - $ 69,750


Tax Services – Midsize Firms

Senior Manager/Director
$ 107,750 - $ 167,500
Manager
$ 88,750 - $ 123,250
Senior
$ 70,500 - $ 96,000
1 to 3 Years
$ 56,500 - $ 75,500
Up to 1 Year
$ 49,250 - $ 62,500


Tax Services – Small Firms

Senior Manager/Director
$ 95,500 - $ 136,500
Manager
$ 79,500 - $ 105,250
Senior
$ 63,750 - $ 81,500
1 to 3 Years
$ 51,500 - $ 67,750
Up to 1 Year
$ 46,500 - $ 56,500


Audit/Assurance Services – Large Firms

Senior Manager/Director
$ 118,500 - $ 191,750
Manager
$ 97,250 - $ 135,500
Senior
$ 78,250 - $ 101,250
1 to 3 Years
$ 63,750 - $ 82,000
Up to 1 Year
$ 56,000 - $ 68,000


Audit/Assurance Services – Midsize Firms

Senior Manager/Director
$ 106,000 - $ 164,750
Manager
$ 88,250 - $ 119,000
Senior
$ 71,000 - $ 92,750
1 to 3 Years
$ 56,750 - $ 74,750
Up to 1 Year
$ 49,500 - $ 61,750


Audit/Assurance Services – Small Firms

Senior Manager/Director
$ 94,250 - $ 134,500
Manager
$ 79,500 - $ 103,500
Senior
$ 62,500 - $ 81,750
1 to 3 Years
$ 52,000 - $ 66,750
Up to 1 Year
$ 45,750 - $ 56,500


Management Services – Large Firms

Senior Manager/Director
$ 118,250 - $ 195,250
Manager
$ 96,000 - $ 137,000
Senior
$ 77,500 - $ 104,500
1 to 3 Years
$ 65,750 - $ 82,500
Up to 1 Year
$ 54,750 - $ 71,250


Management Services – Midsize Firms

Senior Manager/Director
$ 102,500 - $ 167,500
Manager
$ 88,750 - $ 119,500
Senior
$ 70,000 - $ 95,250
1 to 3 Years
$ 58,500 - $ 73,750
Up to 1 Year
$ 48,750 - $ 63,250


Management Services – Small Firms

Senior Manager/Director
$ 95,250 - $ 136,250
Manager
$ 79,000 - $ 104,500
Senior
$ 62,500 - $ 82,750
1 to 3 Years
$ 53,000 - $ 66,250
Up to 1 Year
$ 46,750 - $ 58,000


Paraprofessional/Bookkeeper 
– All Firms

Paraprofessional/Bookkeeper
$ 40,750 - $ 61,250
* Graph courtesy of Robert Half’s 2015 Salary Guide Accounting & Finance

Finally, if you’re still trying to decide on whether or not to become a CPA, consider Christopher Ekimoff's  (Investigative Accountant & Litigation Consultant) quote to US News& World Report,  “Those three letters [CPA] really make your career. They will identify you in the marketplace, in the business world and in your career path as a professional willing to hold yourself to a higher standard and operate under a set of guidelines and principles that really set you apart.”
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Wednesday, January 21, 2015

The CPA Exam Explained





Will this be the year you pass the CPA Exam?

Then be sure to tune in to this free 30-minute video as Roger Philipp, CPA, CGMA, covers the ins and outs of the CPA Exam, including formatting, scheduling and full content breakdown. 

Gear up for your CPA Exam journey!











 
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Tuesday, January 20, 2015

CalCPA San Francisco Chapter's Meet Roger Philipp, CPA


Meet Roger Philipp, CPA, during CalCPA's happy hour and billiards.

When: Thursday, February 5, 2015
Time:   5:30 - 7:30 PM
Place: Jillian’s San Francisco; 175 Fourth St., San Francisco; Website.

The event is free for members and only $10 for nonmembers.  Appetizers and one drink ticket will be provided at the event.

Please RSVP
Online - www.calcpa.org/SF code: L2260215
For additional information, please contact:
Wendy Mai
CalCPA
1800 Gateway Drive, Ste. 200
San Mateo, CA 94404
call (650) 522-3231 or email wendy.mai@calcpa.org.
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Thursday, January 15, 2015

5 Time Management Tips for CPA Exam Students

If you want to stay productive while balancing, work, life and studying for the CPA Exam, consider some of the following time management tips to keep you on track with your studies.


1. Start each morning prioritizing your daily study plan. Beginning your day knowing what goals you want to achieve and listing them by importance will help you have a clearer picture of what is most important to finalize for that particular day.

2. Use a planner. A planner helps you to be on top of everything you need to study for the day, week or month. Our 3, 6, 9 and 12 month planners can help make the difference between passing and failing the CPA Exam.

3. Learn to say "No." Studying for the CPA Exam takes up a great deal of your personal time. The little time you have left needs to be allotted to self-care and time with friends and family. Learn to set boundaries and say "No," when appropriate. If you value your time, other people will do the same.

4. Block out distractions. What distracts you the most when you're trying to study for the CPA Exam? Distractions are costly and need to be eliminated so allotted study time is not shorted.  By removing your distractions, you'll accomplish more during your study sessions and in a shorter period of time.

5. Audit your time at the end of each week. Figure out what part of your schedule did and did not work for you during the last week.  Recognizing your strengths and weaknesses allows you to re-prioritize your schedule for the upcoming week.  Sticking with a successful schedule is about making this all-important study time work with your lifestyle.

"A good plan is like a road map: it shows the final destination and usually the best way to get there.” H. Stanely Judd
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