Posted on 2nd Apr 2012 @ 4:46 AM
Contributed by Lambers CPA Review
The CPA exam is a test of your overall technical competency, a test to measure judgment and intelligence in the application of accounting principles, auditing standards, and procedures to practical problems, and to evaluate professional ethics. You are being tested on a basic level of knowledge in a broad spectrum of areas.
Your preparation should be geared to obtaining three things:
Strategies for Answering Objective Questions
1) Cover (or do not look) at the answers. They are sometimes misleading and may confuse you before you have worked the question. Covering the answers keeps you from turning one simple question into four true or false questions. Also, in many cases, two or more choices may look plausible (and in fact, both may be technically correct), but you are asked to pick the best answer. For these reasons, it is critical that you cover the answers so you can think and formulate your own response first.
2) Read the last sentence first. Generally, this will tell you the requirements.
3) Decide on your answer or perform the appropriate calculations if a numerical response is required--still not looking at the answers.
Read the alternatives. If one agrees with yours, select it and move on. If your answer is close, see if it is due to a procedural error. If your answer is totally out of line, reread the requirements and body to see what was missed. If all else fails, try to eliminate any answer choices and make your best guess.