Phoenix84
Senior Associate
Joined: Feb 17, 2011 21:42:35 GMT -5
Posts: 10,056
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Post by Phoenix84 on Dec 12, 2016 17:03:22 GMT -5
Awesome Ava! Glad to hear it. Way to go.
I recently passed the CHP exam, so I know the sense of euphoria that passing a difficult professional exam can bring.
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Phoenix84
Senior Associate
Joined: Feb 17, 2011 21:42:35 GMT -5
Posts: 10,056
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Post by Phoenix84 on Dec 12, 2016 17:07:50 GMT -5
Financial Accounting & Reporting. One of the 4 sections of the CPA exam. Just face it Ava, you're a badass in the accounting world.
You walk away from exploding balance sheets without looking back, with sunglasses on your face and a calculator in your hand.
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GRG a/k/a goldenrulegirl
Senior Associate
"How you win matters." Ender, Ender's Game
Joined: Jan 2, 2011 13:33:09 GMT -5
Posts: 11,291
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Post by GRG a/k/a goldenrulegirl on Dec 12, 2016 17:39:36 GMT -5
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suesinfl
Senior Member
Joined: Jun 9, 2011 18:02:27 GMT -5
Posts: 2,765
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Post by suesinfl on Dec 12, 2016 18:18:40 GMT -5
I'm about to turn 49 and plan on taking the CPA exam starting next year. I just started 3 days ago at a tax/CPA firm. There are people who will hire us! I think the owner liked the broad experience I had in various industries. Congratulations and good luck! I'm a CPA licensed in 2 states so I know how hard it is. However, I last took it when it was paper-and-pencil and took all 4 parts at same time. I work with many people taking it so I hear about it. taz, did you have to take it twice, one in each state? How do you become licensed in 2 states. Just wondering.
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taz157
Senior Associate
Joined: Dec 20, 2010 20:50:06 GMT -5
Posts: 12,944
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Post by taz157 on Dec 12, 2016 18:56:29 GMT -5
Congratulations and good luck! I'm a CPA licensed in 2 states so I know how hard it is. However, I last took it when it was paper-and-pencil and took all 4 parts at same time. I work with many people taking it so I hear about it. taz, did you have to take it twice, one in each state? How do you become licensed in 2 states. Just wondering. Fortunately, it's a national exam; therefore, everyone who takes it in the US can it and each state's Board of Accountancy accepts the results. (With the bar exam, it is state-specific from what I heard.) I took the exam in the initial state I was licensed in, followed that state's rules to get licensed, and got my CPA license. After I had it for 3 years, we decided to move. In the state we moved to, I had to follow that state's education requirements to obtain my license. Unfortunately, I did have to take 4 accounting classes then was able to obtain my CPA license in that state. If I had 5 years of CPA license experience in my initial state, then I could have not needed the 4 accounting classes due to the license requirements in that state. Every state is different on how they accept CPAs from other states. Even though we had no plans to move back to the initial state, I still paid to keep my license active in my initial state as it was $50 or $60 every 2 years to keep and I could use the same CPE for either state. We moved back to my initial CPA license state so I'm glad I kept it, but I will still keep my other CPA license active as it's only $105 every 2 years plus a state-specific Ethics CPE course ($50). We've talked about moving back to the other state after DD graduates high school so anything is possible.
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suesinfl
Senior Member
Joined: Jun 9, 2011 18:02:27 GMT -5
Posts: 2,765
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Post by suesinfl on Dec 12, 2016 18:59:36 GMT -5
Thanks for the explanation! I knew it was a national exam, but was not sure how each state handled the CPE's or what their criteria was.
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msventoux
Senior Member
Joined: Feb 12, 2011 22:32:37 GMT -5
Posts: 3,037
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Post by msventoux on Dec 12, 2016 19:08:51 GMT -5
I have a coworker who is a licensed CPA although he works as a commercial credit underwriter. He told me about the paper and pencil exam and that he had to take the four parts in two days at the same time. I can't even imagine. lol! That's how I took it. And you either passed two the first time or neither counted. And the test was only offered twice a year. Aww, the good old days! But did you have to walk uphill both ways, barefoot, and in a snowstorm to take it?
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TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 28,127
Mini-Profile Name Color: e619e6
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Post by TheOtherMe on Dec 12, 2016 21:37:03 GMT -5
The exam was given during finals my senior year of college so none of us took it. I now know that was a big mistake. I ended up never taking the exam. I know I could have passed it even if I had waited until the next time it was given.
I watched my co-workers and how hard they studied. They did study groups and cheered each other on. They never asked me to join them. I really think it was because they were all married men and how dare I, a single woman, spend time with them every evening during the week and on Saturday.
We've come a long way, baby!
At that time, you didn't need to be a CPA to get promoted where I worked. Now you pretty much do. It was that way by the time I retired, but I had gone as far as I could without going in to management and I didn't want to do that.
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movingforward
Junior Associate
Joined: Sept 15, 2011 12:48:31 GMT -5
Posts: 8,386
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Post by movingforward on Dec 13, 2016 9:30:38 GMT -5
That's a wonderful Christmas present to yourself! More like a birthday present I know I'm going to pass the other three. I got used to studying, I understand how the CPA exam works, and I have the discipline for it. I GOT THIS. My only concern is getting a job in the field since I just turned 44. I hope someone takes a chance on me despite my age. I feel young and capable, but I know age discrimination is alive and well out there. 44 is nowhere near old! Congratulations!
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Knee Deep in Water Chloe
Senior Associate
Joined: Dec 27, 2010 21:04:44 GMT -5
Posts: 14,248
Mini-Profile Name Color: 1980e6
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Post by Knee Deep in Water Chloe on Dec 13, 2016 23:24:59 GMT -5
Congratulations! I'm so happy for you!
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debthaven
Senior Associate
Joined: Apr 7, 2015 15:26:39 GMT -5
Posts: 10,623
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Post by debthaven on Dec 14, 2016 11:59:45 GMT -5
Fantastic news Ava!!!
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Ava
Senior Member
Joined: Jan 30, 2011 12:23:55 GMT -5
Posts: 4,268
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Post by Ava on Dec 15, 2016 8:27:22 GMT -5
Financial Accounting & Reporting. One of the 4 sections of the CPA exam. Just face it Ava, you're a badass in the accounting world.
You walk away from exploding balance sheets without looking back, with sunglasses on your face and a calculator in your hand.
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lund
Familiar Member
Joined: Jul 22, 2015 7:12:22 GMT -5
Posts: 787
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Post by lund on Dec 16, 2016 6:51:19 GMT -5
Congratulations!!
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cronewitch
Junior Associate
I identify as a post-menopausal childless cat lady and I vote.
Joined: Dec 20, 2010 21:44:20 GMT -5
Posts: 5,979
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Post by cronewitch on Dec 16, 2016 9:01:16 GMT -5
Congratulations and good luck! I'm a CPA licensed in 2 states so I know how hard it is. However, I last took it when it was paper-and-pencil and took all 4 parts at same time. I work with many people taking it so I hear about it. I have a coworker who is a licensed CPA although he works as a commercial credit underwriter. He told me about the paper and pencil exam and that he had to take the four parts in two days at the same time. I can't even imagine. I took it that way, 2.5 days for 5 parts so a half day each. We had multiple choice and essay for each section and some problems. I lined up about 2 dozen sharp pencils so I didn't waste time sharpening. Then read the essay and start the multiple choice, quick through them answering the ones I knew then start the essay then back to the multiple choice. The order allowed my brain to process the missed questions and essays so I was ready when I got back to them. It was easier back then because we didn't have calculators. We had cost accounting problems but everything worked out with easy math, I think the answer was 10 so I knew I got it right. I managed to pass it all my first try. Humans did the grading so nobody almost passed, if you were a point shy on one part and got the other 4 they gave it to you, if you were a point shy on all you didn't get a break and they marked it down a little more so you didn't fight them on it. I was 43 when I took it in 1991, it was hard but I think now is harder, we had a 5% pass rate for first try.
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