2011 CPA Exam Changes

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    Topic
  • May 20, 2010 at 1:45 pm #157712
    Anonymous
    Inactive

    I am planning on taking the last exam by Jan 2011 the first week, that if I pass all three section by then.

    Do you know how immediate the changes will take effect?

    Any suggestion on the order of taking the exam that has less impact of the change. I will be taking the BEC next week!! and I still have rest of chapter 3,-5 to cover!!

    t

Viewing 15 replies - 1 through 15 (of 23 total)
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  • May 20, 2010 at 2:18 pm #229161
    Anonymous
    Inactive

    I think the new format is live January 2, 2011.

    May 20, 2010 at 2:36 pm #229162
    jeff
    Keymaster

    Yeah – it's immediate.

    Your last opportunity to take the exam under the current format is November 30, 2010.

    May 21, 2010 at 12:07 pm #229163
    Anonymous
    Inactive

    thanks,

    Any suggestion of order I should take .. incase I don't pass all before year-end.. which has greater impact on changes on the test?

    May 28, 2010 at 2:16 pm #229164
    jeff
    Keymaster

    I would take AUD and FAR first…they change the most.

    -Jeff

    May 31, 2010 at 8:57 pm #229165
    Anonymous
    Inactive

    Thanks, Jeff. I was going to take BEC next, but this changed my mind.

    May 31, 2010 at 10:36 pm #229166
    hopeful_cpa
    Participant

    what is the new format going to be like?

    BEC: Done
    REG: Done
    AUD: Done
    FAR: Done

    I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    May 31, 2010 at 10:48 pm #229167
    jeff
    Keymaster

    Similar format as now, except FAR and AUD will have IFRS added to them. BEC will inherit the written communication sections from FAR/AUD/REG and will be over BEC topics. REG will pretty much remain the same, minus some ethics that will get switched over to AUD.

    June 1, 2010 at 2:36 am #229168
    hopeful_cpa
    Participant

    i guess i gotta get this crap done this year… lol

    BEC: Done
    REG: Done
    AUD: Done
    FAR: Done

    I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    June 1, 2010 at 4:27 am #229169
    Alexinytown
    Participant

    I'll second that, I want this thing done and over by 12/31/2010 if at all possible. I've had some exposure to IFRS, but there are enough nuances with it to make it tricky and really it's not something I want to recover, at least for purposes of this exam.

    BEC-74,78(2/18/10) REG- 77(6/23/10)
    AUD-66,82 (05/25/11) FAR-75 (04/01/2011)

    June 1, 2010 at 8:55 pm #229170
    radevarum_ka
    Participant

    @ Jeff

    Does it mean that AUD and FAR are going to become even worse than they are now?

    June 1, 2010 at 10:00 pm #229171
    jeff
    Keymaster

    YES – FAR and AUD are going to suck.

    June 1, 2010 at 10:20 pm #229172
    radevarum_ka
    Participant

    @ Jeff

    Is it 100% sure that they'll change the format? I am new to the CPA exam and all the info….

    Scared, scared, scared…..

    June 7, 2010 at 12:07 pm #229173
    jeff
    Keymaster

    Two exams you must take in 2011:

    https://www.another71.com/2011-cpa-exam-changes-2010/

    June 7, 2010 at 5:25 pm #229174
    lucylaw
    Participant

    Jeff,

    Do you think this means they will pass more candidates in the later windows of this year or do you think they will be completely heartless about it? Or vice versa? Could it be that more candidates will pass in the first two windows of 2011 while they work it all out? Seems that those of us who will be prepping and sitting for these exams in the last two windows of 2010 will be hung out to dry emotionally, intellectually and financially if we don't manage to pass. I know change must come and is inevitable, but that doesn't make it any less terrifying.

    When was the last time a major change like this occurred for the CPA Exam? Standardization? CBT?

    Thanks in advance and of course thanks for all of your help, encouragement and for the wonderful community you host.

    BEC 78 w00t | AUD July | FAR July 9 | REG 85

    June 7, 2010 at 8:42 pm #229175
    abacus
    Participant

    Call me crazy, but does anyone believe there is a benefit in taking the exam under the new format? Why rush to learn material that will soon be outdated? Wouldn't it be ideal to truly understand IFRS and be familiar with codification if that is the environment in which CPAs will practice?

    I am working on my masters, but have my 150. I'm set to graduate May 2011. Would it be worthwhile to take the fall semester off and work towards passing FAR & AUD at a minimum? If so, is it reasonable to prepare for two exams in that time frame while working full time? I have not yet applied for my NTS so will most likely not be eligible to sit until the Oct/Nov window. Lastly, if I were to pass: is there any reason to continue the masters? Many of my classes (namely Adv Fin Accounting and Advanced Audit which I am scheduled to take in the fall) are intended to help prepare me for the CPA exam.

    Sorry for the ramble! I will need to answer most of these ?s myself, but any insight is more than welcome…

    BEC 81
    AUD 76
    FAR 70, 76
    REG 58, 78! DONE!

    "I am not my intentions. I am my actions."

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