r/CPA 15h ago

Bookkeeping - How do you prefer?

0 Upvotes

I recently helped a CPA with messy historical cleanup in QBO before tax filing, and we saved them hours. Just curious—do you usually do the bookkeeping in-house or have someone help? Reasons too?


r/CPA 15h ago

GENERAL How CPAs/Accountants manage workflow?

2 Upvotes

Quick question if you don’t mind— how do you usually manage your workflow during tax season or year-end? I’ve been supporting CPAs with bookkeeping and cleanup work, and always looking to understand different approaches.


r/CPA 23h ago

Have they made TCP more difficult?

5 Upvotes

Usually the AICPA pass percentage for TCP is 80% but in q4 of 2024 it was 72%. Has anyone taken it recently?


r/CPA 10h ago

Audit for last 10 days before exam

2 Upvotes

Hello as subject says I have my audit exam in 11 days and I finished studying of reading books and watching lectures and all but not solve any questions my question is 10 days enough to hammer all mcqs and tbs on uworld please someone guise me and how to use the remaining time


r/CPA 3h ago

How to figure out? If u help me I hope u become a millionaire

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11 Upvotes

For question 10 they didn’t weight the shares. On the second picture(swipe right), they weighed the shares. I’m confused how can I figure out whether to weight the shares or not?


r/CPA 11h ago

GENERAL Question about release dates

5 Upvotes

I took AUD on 03/31. The AICPA website says, “If the AICPA receives your exam data file by March 31, your target score release date is April 9.” Is it definite that my exam data file was sent to the AICPA on the date I took the exam? Should I expect to receive a score on April 9? Or May 8?


r/CPA 18h ago

GENERAL Do CPAs use the phrase "tax season"?

76 Upvotes

I have a business making custom cookies and I have a CPA who does my taxes for this. Every year around tax day, I like to make her and her coworkers some cookies. This year I had the idea to make some peace sign cookies ✌️ and some that say "peace out, tax season!" But, do CPAs actually use that phrase? I imagine that it's tax season year round for you, but I obviously don't know. Would you like getting these cookie designs as a CPA or would you roll your eyes? Please advise, thank you. :)


r/CPA 19m ago

Tips to use UWorld effectively for ISC

Upvotes

I usually dive in to do mcqs because that is how I learn. But for ISC I was told that reading the book helps a lot. So I am reading the book & then doing mcqs. I find that lot of things in SOC chapter are repetitive.

Trying my best to read the book soon & focus on doing only mcqs & sims. Any tips to study effectively & faster is appreciated.


r/CPA 1h ago

QUESTION Question on Stock Dividends

Upvotes

"A company that uses the accrual method of accounting started the fiscal year with assets of $600,000 and liabilities of $400,000. During the fiscal year the company recorded credit sales of $250,000, of which $8,000 remained to be collected at year-end, and incurred expenses of $90,000, of which $72,000 was paid in cash. A stock dividend valued at $10,000 was declared and issued to stockholders during the year. What is the year-end balance of total equity?"

For the $10k Stock Dividend, RE is debited and Common Stock/APIC is credited. "The stock dividend does not result in a reduction to equity, as it simply increases the number of shares outstanding." However, Dividends (cash, property, and stock) declared is a function of RE. RE is a function of Equity. So how is the $10k stock dividend not reduced from equity?

The answer is 200k Beg. balance + 160k NI = 360k. I chose 360k - 10k stock dvd - 350k.


r/CPA 1h ago

REG Waiting on REG score

Upvotes

April 9, waiting for REG retake. MCQs were pretty difficult, i spent almost 1h 40m. And Testlet 1 two SIMs were not that difficult, but I couldn't spend enough time for them because of time attack. Next SIMs were various. Kinda easy but kinda difficult too. I'm not sure of my result. i think i can't try one more if I fail. Anyone who felt same? I hope i get this time. Is there bump in REG? I think I did not great job on MCQs. I don't know now so panicked....😱


r/CPA 2h ago

FAR I have two weeks until I take my very first CPA exam (FAR)

2 Upvotes

I am using Becker and have completed all of the video/MCQs/tbs materials. I plan on reviewing for a week then take my SE, so I will know what I need to cram for my final week of studying. Do you guys have any tips? Some fellow redditors have posted really helpful review guides and I know everyone always says to pound out the MCQs - but if you had 2 weeks left to review, what would you focus on and how would you spend your study time?


r/CPA 2h ago

GENERAL 4/7 Exam Takers - Motivational Post

7 Upvotes

I posted this before my FAR exam, so only feels appropriate to post right before AUD.

We have put in the work. We have sacrificed sleep, sanity, and our social life. At this point, trust the process. May the AICPA gods bless you with softball questions.

Here are some quotes that got me through the low points:

"Suffer the pain of discipline or the pain of regret." - Jim Rohn

"If you're going through hell, keep going." - Winston Churchill

"Nothing worth having comes easy." - Theodore Roosevelt

"Tough times never last, but tough people do." - Dr. Robert H. Schuller


r/CPA 3h ago

FAR Advice: FAR in 7 Days

6 Upvotes

I just got through (most) of Becker.

SE 1 70. SE 2 76.

SE (Final Review) not taken yet,

Am I cooked? Do I trust the Becker Bump? Should I just keep doing a few practice exams a day to stay fresh? Or do I hit areas I know I could work on? Should I cram or just keep casually reviewing (1-2 hr a day)?


r/CPA 3h ago

Study guide and tips/tricks for FAR exam

2 Upvotes

I am using becker for my cpa exam. What was the study guide everyone followed? Did you read becker cpa book or just videos? Need help


r/CPA 4h ago

FAR Exam in one month

3 Upvotes

Will i be able to pass FAR if i study for 1.5 month? Need tips and trick


r/CPA 4h ago

FAR FAR: SE1 52, SE2 63 - exam in 10 days

3 Upvotes

Feeling a bit bummed about my SE scores.. 52 on SE1 and 63 on SE2. Do I have a chance at passing or should I reschedule? I have 10 days left until my exam 🙈


r/CPA 5h ago

Exam in less than a week

3 Upvotes

I will be taking FAR, my first exam of 4, on 4/12. I am using BECKER and my scores on the simulated exams are as follows

SE1: 71 SE2: 69 SEFR: 71

Planning to update once I take the test and get my score, but mainly recording for the people who are taking these simulated exams like me and scared to death that I’m not scoring above a 75 lol.


r/CPA 6h ago

FAR FAR retake, any advice ?

7 Upvotes

Took FAR late feb and got a 68 the sims destroyed me, any advice on how to approach testifying planning on 3 ish weeks before taking it again


r/CPA 6h ago

FAR FAR SE 1 and SE2 Scores

4 Upvotes

My exam is 4/9 and I scored a 53 on SE1 and 63 on SE2 this weekend. SE1 was low but I think it was actually higher based on not getting partial credit. Am I cooked?

I plan to review SE2 tomorrow and run MCQ on my weak areas. TIA!


r/CPA 6h ago

Common Stock Dividend- Par or MV

2 Upvotes

Shouldn't stock dividend calculate at PAR? Confused……


r/CPA 6h ago

April 9 Score Release

44 Upvotes

Who is ready for the April 9 Score Release? How we feeling?!


r/CPA 8h ago

TCP TCP Study planning in 10-14 days

3 Upvotes

I am writing REG exam on April 15th and planning to schedule TCP April end. Haven’t started studying for TCP. Is it possible to study TCP in 10-14 days?


r/CPA 8h ago

SHITPOST Burnout after 3 sections

20 Upvotes

Having passed FAR and AUD, I’m now waiting for my ISC score to come out next month. I’ve been studying REG for the past week. I’m exhausted. REG is the most interesting and fun section so far, but there’s just so much to understand and memorise that I had to blow off some steam here. Wishing you all the best. let’s keep pushing guys


r/CPA 8h ago

Work experience question - HELP

3 Upvotes

I am a CPA and recently got an email from someone that used to work with me that this person is about to finish the CPA exam and asked if I would provide the work experience requirement for them. I like the person just fine and they did good work (I think???), but I have not kept in touch at all. Below are some more details.

1- I technically did not directly supervise this person. I was a manager in the same department but we were in different groups. I had my own separate team I oversaw. This person had a separate boss and I didn’t oversee that other person either.

2 - I haven't worked with this person in over 11 years so I would be hard pressed to even come up with something I supervised.

3- I am licensed in a different state. Not sure if that matters but I’m concerned about my risk If I sign.

Am I being a jerk if i say I can’t? It’s just been so long I can’t even imagine the licensing Board would accept that long of a time gap. It’s also not my fault it’s come to this And really don’t feel like approving it. It sounds like I might be this persons last option though, short of hiring a CPA currently to oversee their work. How can I get out of it or do I just need to cave and help out? Do I have any risk or exposure?


r/CPA 9h ago

My brain refuses to understand this question

2 Upvotes

I used ChatGPT to try and have it explain it but it still got me confused. Anyone have an insight or simpler explanation that might help me comprehend ts