Here’s some friendly advice—and a fair warning: Studying accounting requires more than just numerical ability. And ultimately, the most nerve-wracking part of the journey is the Certified Public Accountant Licensure Exam (CPALE).
The CPALE is considered to be one of the most difficult board exams in the country. As of the May 2018 CPA board examination, the national passing rate is 28.92%.That’s why it is important that you study today, not just for the sake of passing a quiz, but to prepare yourself for the rigorous board exam.
Take it from Ariel Joseph Nipas, a third placer in the Certified Public Accountant Licensure Examination in 2016, and magna cum laude graduate of Bachelor of Science in Accountancy from the University of Santo Tomas.
He shares how he managed to excel in his studies, while even doing extracurricular activities on the side. And the best part is you can do it, too!
Improve your study habits with these pro tips:
1. Don’t just memorize; Understand the lesson.
It is easier to solve accounting problems once you fully understand the concepts.Thus, you also have to read theories as much as you compute problems. He said it is better if lessons appeal to your common sense.
2. Understand what study habit works for you.
The study habit that works for others may not work for you. Do you prefer to study alone or with friends? Are you more productive in a quiet place? Does listening to music help you remember your lessons? There are different studying techniques that could be useful to you. Make sure you’re practicing a routine wherein you are most productive and comfortable.
3. Share your knowledge.
Being competitive often translates into selfish ways which can be unhealthy. According to Nipas, the joy of learning can be found in sharing. Sharing handouts, cool shortcuts and techniques would really be helpful! It is a productive way to study and bond with your friends as well. If you can explain a lesson to them, it means you understand it by heart!
4. Get enough rest.
Yes, you read that right. Get yourself some rest! “Your brain works better if you are well-rested,” says Nipas. Perhaps it’s time to fix your irregular body clock and jump to bed early! There’s a time to study and a time to rest. It’s all a matter of time management.
5. Do not give up.
Keep moving forward no matter how many times you fail an exam. Nipas says it’s not about how you fall down but about how you rise up again. Learn from your mistakes and focus on studying harder and smarter. Effective preparation will enhance your mastery and confidence when you finally take the board exam. So plan ahead and make the most of the free time you enjoy today, future CPAs!
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