Archive for August 2009

CPA Score Report – 3/4 Passed!

August 20, 2009

I passed REG and BEC (sections 2 and 3 of the CPA exam)! It was a huge relief to find that out since I had serious questions as to whether I passed REG.

Now I just have a month to wait for my AUD score. I’m fairly confident I passed, which would mean that I’m just a few months away from being a Certified Public Accountant.

Updated Score Report (Predictions are based on how I felt coming out of the test, not subject matter)

FAR – Prediction: 85, Actual: 95

REG – Prediction: 75, Actual: 83

BEC – Prediction: 95, Actual: 88 (I think the absence of simulations actually brought my score down from what it might have otherwise been since they seem to be my strongest area)

AUD – Prediction: 82, Actual: Still waiting (’til mid-September)

Finishing, Waiting, and Changes

August 12, 2009

Lots of things are changing.

CPA Exam: I took the fourth and final section of the CPA exam! Now I’m just waiting to find out the results of the last three. Here are my scores and score predictions based on how I felt coming out of the exams:

FAR – Prediction: 85, Actual: 95

REG – Prediction: 75 (this could easily go either way, as I mentioned in a previous post), Actual: ?

BEC – Prediction: 95 (maybe this is an overly generous estimate, but I felt better about this than FAR), Actual: ?

AUD – Prediction: 82 (I’ll be surprised if I don’t pass, but it’s certainly possible), Actual: ?

According to Jeff over at Another71.com, score reports are predicted to be released fairly soon for Wave 1, which, for me, means I’ll probably see my BEC score within the next few days and REG at the beginning of next week.

Unfortunately, AUD will be Wave 2, so I won’t know how I did until mid-September.

That means I have no more CPA exam studying! It has been a serious chore for the sheer quantity of information covered. If I don’t pass any of the sections (REG?), it should be much easier to study the second time around just considering my familiarity with the topics. I certainly hope I passed all of the sections, but I’m not overly worried either way.

Moving: Saying goodbye to friends is proving to be more difficult and saddening than ever before. We LOVE our friends and don’t want to admit that we’ll probably never spend much time with many of them again. I’m confident we’ll make new friends where we’re moving, but that does little in terms of comfort.

Graduating: I’m within days of finishing my master’s degree! It’s just two final exams away, after which you may call me Master frugalCPA.

Money and Getting Out of Debt: I’ll soon be making money. It’s almost unreal, Friends! TheFieryOne might be even more excited than I am! We have over $30,000 in school loans. We’ll both be working full-time, so we should be able to get rid of our debt fairly quickly (possibly even during 2010). I’ll definitely document the journey.

A New Career – As you know, I’m super excited about starting a new career as an auditor at a “Big Four” firm! I’m curious to meet the people I’ll be working with, and I’m looking forward to being part of a team.

More Time for Future Posts Such As: Score results, ways I can start my career on the right footing, our choice of apartment, things I learn at work, business book reviews, and more.