How to prepare for CPA Exam from India

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I have been approached on and off, by several CPA aspirants, with various questions on how to do CPA. I made a PPT and presented to large group of CPA Students in one of the Becker Batches in Hyderabad. I thought it would very useful many others if it is placed on the net.

All the best!

Regards
Siva

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  • 1. TestimonyB Siva KumarBecker CPA StudentHyderabad, Spring, July, 2008Date of Presentation: 29th March 2009
  • 2. CaveatThis presentation is a representation of theexperience of one individual in preparing andwriting the CPA Exams. This experiencemay not be relevant to all the students.Please make your best judgment inunderstanding the relevance of thispresentation to your own preparation.
  • 3. My academic and professional backgroundB. Com – April,1990CA – November, 1993ICWA-Inter, December, 1993CPA - February, 2009Post-CA experience about 16 years.My current employer: Pragnya Trustee andInvestment Management Company PrivateLimited
  • 4. The Time LinesDate ofCommencement ofclasses: 20th July 2008Date of Closing ofclasses: 19th October2008Date of completion ofexams: 28th Feb. 09Total time taken fromstart to finish 223 daysor 7.43 months.21-Mar-0928-Feb-09Finance23-Mar-0923-Feb-09Auditing26-Mar-0919-Feb-09Regulation18-Mar-0914-Feb-09BusinessResult DateExam DateSubject
  • 5. The Results85%Average78Finance93Auditing77Regulation89BusinessScoreSubject
  • 6. Business Result
  • 7. Regulation Result
  • 8. Auditing Result
  • 9. Finance Result
  • 10. Primary Requirements(All are equally important)DedicationHard workTime ManagementFamily Support and UnderstandingSacrificesNo Movies, TV, Long Drives, Avoidable ShoppingNo pleasure trips
  • 11. About my preparationMaterial Studied – Only Becker MaterialTools used – Becker Software Toolsand CPA-Exam.org for SimulationE-mail support received from BeckerWebsiteVery good guidance received from theBecker Counselors and Faculty
  • 12. Things to do during classesAttend all the classes without failRedo any classes offline if required, in consultation with CounselorsInstall the Becker Software immediately after the very fist class.Finish the first time study of each module immediately during the weekfollowing the class.Finish all the questions in the Becker CPA PassMaster. While doing thismake sure you mark all the difficult and / or time consuming questions.If have surplus time do a second review during the classes itself.Within a week of the final class you must have completed thePassMaster completely if you have been prompt in completing theweekly work.Note all important points in a separate document.Record all your scores and time in PassMasterPractice all Simulations available in Becker Software.Pay the exam fee only after you have obtained 90% in the Final Examsin Becker Software.
  • 13. Things to do after the Classes but beforethe ExamsMake sure you have reviewed the textmaterial at least three times.Make sure you have worked out thePassMaster at least three times.Make sure you have completed both Final-1and Final-2 Exams in each of the subjects(total 4 * 2 = 8 Exams) with 90% score.Practice Simulations available on cpa-exam.org.
  • 14. Things to do during the ExamsSpace the Exams to suit your budget and level of preparation.If possible rework all the difficult questions identified during yourearlier preparation.If possible do a final review of the text books.During the exam sessions, first finish all the questions withanswers that are theoretical and then answer the questions withnumbers as the answers.During the exam sessions, balance a trade-off between the costand benefit of reviewing the answers.While attempting the simulation first make an attempt withoutreferring to research material. Then refer to research materialonly if you feel it is necessary. This may help you save a lot oftime.
  • 15. AcknowledgementsThe Almighty for the kindness and blessings.Becker for the excellent software, text books, classes and the support.George and Molly for the counseling and moral support.Prem, Amit and Praveen the Becker Faculty for all the guidance andencouragement.My wife Suhasini and kids Saumya and Sindhuja for bearing with meduring the entire period of about 8 months.Kalyan, my friend for all the support and encouragement given before,after and during my stay in the US.My friend, Paul Wiley, Manager, Untract Early, CPA Firm, USA for allthe encouragement.Pragnya, my employer for giving me the necessary exam leave and notburdening me with weekend work.Fellow students for all the encouragement.
  • 16. THANKS&ALL THE BEST FORYOUR PREPERATIONAND EXAMS