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Be a CPA - Tumblraccountants

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"We are accountants, therefore we double rule"
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Sa nagtatanong kung anong magandang libro for financial accounting, try mo ‘yung kay Valix, lahat ng volume kunin mo (3 ata ‘yun), edition niya siguro 2020 or baka may 2021 na itanong mo na lang. Pwede ka rin bumili ng libro ni Christopher Domingo, tagalog ‘yon ng finacc pero volume 1 lang, puro assets, medyo pricey lang pero worth it naman. Goodluck, future CPA!

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Second day na pala ng CPALE for October 2019. Nung time ko, maraming typo error sa question so technically maraming nanghula. Pero may mga lumalabas naman na sagot kung dadagdagan mo o babawasan mo ng zero o kung ano mang mali doon sa question. Mas matatagalan ka nga lang kasi kakailanganin mong itry lahat ng possible scenarios. ‘Wag ka rin aasa sa sinasabi nilang pag may mali sa question o sa choices pero nandoom pa rin ‘yung sagot, ibobonus nila. Hindi palaging totoo ‘yon, nakadepende pa rin sa mood ng BOA kung mag-aadjust ba sila sa lahat ng examinees o hindi. Pwedeng lahat ng naka-60 pataas sa certain subj na maraming bonus, hanggang doon lang ang iaadjust nila para umabot sa 75. Basta palagi nilang binibigyan ng quota per subject. So ang gawin mo, sagutan mo pa rin lahat ng alam mong tatama ka, mahirap magconclude na may ibobonus naman sila so may sure points ka na. Again, depende sa topak ng BOA ‘yon kaya give your best and ‘wag aasa. Laban lang!! ‘Wag ka rin makinig sa discussion ng sagot after ng exam, hindi naman nila hawak ang answer key, kakabahan ka lang lalo. And pray hanggang lumabas ‘yung result and kahit lumabas na. Good luck, future CPAs! 4 subjects to go!!!

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Oct 2016 CPA Board Exam Experience

I don’t know if this is the right time para ipost ko, lalo pa’t palapit na ang May 2017 board exam, busy na ang mga examinees mag-aral. Pero ise-share ko pa rin since I haven’t noticed anyone sharing his/her experience last board exam at para may pasilip na rin kayo sa magiging siste ng darating ng board. Since it’s been 6 months na ang nakalipas, baka may hindi na tama sa kinokwento ko, but I’ll try my best to be precise.

As you all know, kami ‘yung second batch to have 6 subjects sa board exam, and last one na hindi maapektuhan nung mga additional topics.

First Day - October 1 AM: Advanced Financial Accounting and Reporting (AFAR)

  • Ang lumabas is more on Job Order Costing, Business Combination and Partnership then pailan-ilang tanong for other topics. I’m quite surprise (and thankful) na walang lumabas ang ForEx and Home Office. Though, I remember, nagkassue sa exam na’to kasi ang daming items na may problem, like mali ‘yung given sa problem or mali yung tanong. I dunno what happened, mukhang binonus nila yun.

Second Day - October 2 AM: Auditing

  • The exam was in 2 parts: the Theory part and the Problem part. Nakakaloka ‘yung theories, pang out of this world yung iba. Tas may paulit-ulit na questions, mga 3 rin ata yun. Ang memorable siguro about this is ‘yung tanong na “What is a comfort letter?” (non-verbatim) After exam, tanungan ‘yung lahat kasi walang clue kung ano ba yun (btw, it’s a letter for underwriters). Then, the Problem part, as usual, chain questions (at may lumabas na 2 chain galing ReSA). Kaso malupit lang kasi may halong mala-theory na mga tanong nito. Ang mga tanong din naman kasi is about how you would obtain certain evidences (PERCV/ Assertions, remember?).

Third Day - October 8 AM: Financial Accounting and Reporting (FAR)

  • Isa lang masasabi ko sa exam na’to: NAKAKAPAGOD. Walang hingaan ‘yung pagsagot mo eh. Ang pampalito sa exam na’to is ‘yung format niya. Chain question-type, like magbibigay muna ng mga infos, tas may 5 questions after. Only to find out na hindi magkakarelate ‘yung 5 questions -- hindi siya chain question talaga. If hindi ka attentive, malilito ka eh.

PM: Management Advisory Services (MAS)

  • Dito ako nataranta. Probably, dahil naging kampante ako sa kanya, lalo pa’t nung Preweek namin sa CPAR, umikot sa Budgeting ‘yung materials na binigay sa amin, and I know the topic well. Only to find out na mostly FS Analysis ‘yung ilalagay sa board exam, eh hindi ko ganun inaral siya. I remember going back to dorm depressed, hanggang sa umiyak nalang ako kasi sinimulan na akong kabahan. Sabi ng ka-dorm ko, may mga lumabas daw ulit na galing ReSA. Hmmm.

Fourth/Last Day - October 9 AM: Taxation

  • Hindi ko alam kung nakakatawa or nakakabwisit ‘yung experience ko nung last day. Akala ko talaga BL ‘yung unang subject namin for this day. Todo review pa naman din ako sa BL mula nung gabi ng third day kasi sabi ko, makakasilip pa naman ako for Tax sa hapon. Buti nalang, kinonfirm ng isa kong kasama sa dorm na Tax ‘yung unang itetake. At least, that give me a time to review maski sa jeep. (Oo, I know dapat di na nag-aaral pero what can I do, waterloo ko ang BLT so never ako makakampante.) More on Percentage Tax, and VAT ‘yung lumabas na tanong (so better learn the rates now!) Tas may mga 5 questions na related sa grammar, pero parang naging spot the difference lang ang nangyari eh. Pipili ka kasi ng tamang sentence out of 4, yun na.

PM: Regulatory Framework on Business Transactions (RFBT)

  • Dahil waterloo ko nga ang BLT, eto talaga sasabihin kong pinakamahirap para sakin. It’s more on Obligations and Contracts, and Corporation Law. I can’t really remember, dala na rin siguro ng medyo pagmamadali kong tapusin na ang board exam. And the questions are situational, bihira ‘yung objection-type.

Overall, the first half of the board is fine, will the second half, pinakaba ako.

Any tips for the examinees? Huwag kang kabahan, I guess. Try to be calm as possible, kasi sa dyan na magsisimula lahat. Hindi ka na focus tas matataranta ka na. Normal na ‘yung feeling mong kulang pa inaral mo at hindi ka pa ready. Lahat naman ata tayo diba? So instead of entertaining such idea, idaan mo nalang sa prayers! More than anything, importante ‘yan. Sabi nga diba, ang pagpasa sa board ay hindi lang sa talino, kundi pati sa swerte. Pero on my part, hindi swerte kundi faith. Have faith in Him. Hindi ka Niya dadalhin diyan without purpose. And also, faith in yourself. Ikaw at ikaw lang din ang magdadala sa sarili mo. You can do it!

PS: Did this during wee hours of the morning so pagpasensyahan.

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Anonymous asked:

Ano po magandang reviewer sa ManAcc? Undergrad pa lang po ako. Thank youuuuu

Sa undergrad. Ok yung cabrera. Comprehensive pa yun.

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Anonymous asked:

I took the October 2016 board exam and I failed. Pasado ang average ko pero dahil sa 63 ko sa AFAR (P2) bagsak ako. I am so devastated right now. :( Should I still pursue this dream? :(:(:(

Of course. Remember why you held on to that dream for so long. Keep fighting. 

“It’s when things seem worst that you must not quit.” 

ako nga di pa rin pasa. I took two board exams before but it did'nt stop me.

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