It’s now September and the October 2008 CPA board exam is fast approaching. Those planning to take the exam should know that the CPA board exam is notoriously difficult with a very low passing percentage despite the test’s computerization. Aside from the difficulty, there are also changes in the accounting standards almost every year. What we learned a decade ago may no longer be applicable today.
Here are some useful tips for passing the Philippine CPA Board Exam:
1. Plan ahead – The best preparation is your undergraduate years. There are accountancy students who take this for granted. Some aren’t even sure whether they are in the right course or not. But as I observed in my “serious” classmates a decade ago, they were already practicing the review materials even in their third year. Planning ahead includes your plan to take a review, where to review and when to take the board. Also, you have to check your credentials whether you pass the required minimum requirements for you to take the exam.
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