Showing posts with label Regulation. Show all posts
Showing posts with label Regulation. Show all posts

Wednesday, August 31, 2011

Reg Exam update

When your preparation is not so Good.. You feel like everything is in the mind and nothing feels clear. Even straight forward questions you answered feel doubtful. And the end feels like you didn't performed well. I did my best but I am not satisfied with my performance. It just ends up to waiting for the result to see how I performed. My disturbed preparation showed up. I am not so proud to write this but this is what happened.

First test-let was the difficult one, Second was easy and third was medium. Simulations were pretty easy. I managed time well as advised by  Mr.Roger of Roger CPA Review. I had little inconvenience due to my pregnancy situation because I couldn't take a break in the 3hr exam but I managed some how. When the exam  ended the whole screen went blank before it concluded , I asked a staff member for assistance and she restarted the computer and made me enter my launch code and said ," It happens all the time, we have instructions from NASBA, If ever the screen goes blank after the exam ends, we just need to restart the computer and ask the candidate to enter their launch code". She confirmed me that my exam will be fine.

I was so surprised to find a girl at Prometric who doesn't even know what NTS is!!! She brought a print out of Prometric appointment confirmation. When a staff member was asking her for NTS, she was clueless. A staff member explained her what NTS is and told her to get a printout from her NASBA emails from a nearby Kinkos. I showed her my NTS and she came back with a print out of NTS and wrote her exam.

I started my FAR preparation and planning to appear in the first week of October. Being pregnant and prepare for exam and do a job is not an easy affair. Still I want to do it because I want to become a CPA and it makes me happy.

Sunday, July 3, 2011

How to practice Research section in Regulation?




Is it important to practice Research question? 
Yes, Research question carries more or less 6 % of your score. It is easy to answer the question, provided you practice how to answer the question well. It will save your time for other simulations. In this exam where people fail getting 74%, What does an extra one mark means? Life.

What kind of questions can we get in Research? 
If you refer CSOs/SSOs effective January 1, 2011 and also CSOs/SSOs Effective July 1, 2011 they have a list of references which can give you a clear idea of what to expect. But in general you can expect 

  • Internal Revenue Code
  • Statements on Standards for Tax Services
  • Relevant IRS circulars