July 2011

Since I’m almost done with the CPA exam, I got to thinking about what will I do with myself once I’m done with the CPA exam. What is there beyond the CPA exam? Is the CPA exam the highest level of achievement for accountants? What do accountants do with themselves after passing the CPA?

Here’s a list I’m working on that consists of shit to achieve after passing the CPA exam:

CPA + MsAcc/MsTax

No, because I wouldn’t know what to do with all that knowledge I probably don’t even need.

CPA + MsAcc/MsTax + PhD

Yes, because teachers paid mad cash for going through the actions.

CPA + MBA

Yes, but only if I get into a top 10.

CPA + CFA

No, because it seems unnecessary.

CPA + CFE/CIA/CMA/etc

No, because I don’t want to be one of those nerds with way too many abbreviated certifications after their name.

CPA + Motivational Speaker

LOL

CPA + Start A CPA Review Course

Roger’s a freakin’ millionaire. (2010 Revenue = $4.5m) Yeah, I know it’s ‘revenue’ and not profit, but what expenses does he have besides his internet marketing blitz?

Accept that the CPA is the only certification I’ll ever get and find a way to be happy with that

Yes, I can be happy with that.

Further analysis to come…

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August 2010, Attempt #1:

  1. On the first attempt, make the mistake of using Yaeger to study.
  2. Use the Yaeger AUD lectures as a sleeping aid.
  3. Study for about a month, but fail to really absorb the information.
  4. Feel unprepared the day before the exam and reschedule for end of August.
  5. Practice more Multiple Choice Questions and become evermore frustrated and confused.
  6. Feel unprepared the day of the exam.
  7. Receive scores a month later and lament over your failure.

November 2010, Attempt #2:

  1. On second attempt, make the same mistake of using Yaeger to study (reasons: I’m broke and it’s already paid for)
  2. Again, use the Yaeger AUD lectures as a sleeping aid. For the month of November, get the best nights sleep you can remember.
  3. Try to study for about a month, but fail to really grasp anything.
  4. Schedule the exam at the last possible date, November 30.
  5. Panic and decide an impromptu 3 day cram-a-thon before your exam is best.
  6. Receive scores a month later and lament over the 3 points you were short of passing.

May 2011, Attempt #3:

  1. On the third attempt, use Roger for CPA study materials.
  2. Use the Roger AUD lectures to study and feel somewhat engaged and entertained.
  3. Study for about a month and feel like you actually learned something about audit (terms such as ‘internal control’ and ‘assertions’ are no longer definitions you were forced to memorize in undergrad, they become concepts with relative meanings).
  4. Schedule the exam at the end of May.
  5. Receive passing score a month later and lament over the $800 spent on exam fees and subpar study materials, wishing you went with Roger in the first place.

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