CPA Exam Blogger: Philip Salerno - Half Way There

Philip is a resident of the great state of New York, but has inspired and motivated fellow Roger students through online forums and social media platforms across the globe. Philip has already passed FAR.

Well, I’m back again.  I successfully scheduled my AUD exam for 26 Feb and am halfway thru the AUD material.  I am finishing up AUD 3 this week.  I wanted to discuss what my plan is for the next month of prepping for the AUD exam with this blog.

So honestly, there’s not much difference than what I did for the FAR exam.  I am focusing my efforts where Roger says to.  For instance, in FAR, Roger noted that if you were under a time crunch and had to skip a section, then skip Accounting for Partnerships.  Guess what – I had no questions on Partnerships.  So I was able to focus those required study hours on more highly tested topics i.e. Bonds, Leases and Business Combinations.

I am doing that with AUD.  Now, I have an advantage, though it came at a price.  Having gone thru the AUD exam once, I know where they are hitting hard, and yes those areas match those “must” study areas Roger emphasizes i.e. Compilations versus Reviews, Independence, Ratios, etc.  I am also tracking my scores by section and am making risk management plans based on those scores.  So if I get above an 85 on the MCQs, then I move on and accept that I have a good grasp of the information being taught.  For the Sims, this gets a little more tricky, so I just keep doing them over and over and over and over again.  Can you tell I’m sick of Sims?

Based on my modified prep schedule, I will be complete with my run thru of the course with a week and half to spare, allowing me to review those hard hit areas, the MCQs I still struggle with and yes, enjoy a quiet down day before the exam.