He who seeketh, findeth

August 21, 2009

CPA Exam REG prep continues … 8/21/09

Filed under: CPA,Goals,REG — Steve (Chessiq) @ 11:02 pm

Last night after I got home, I decided to work on one more module.

12:30am – 1:08am Regulation of Employment and Environment 37MCQs.

12:30pm – 1:29pm Partnership Taxation MCQs 1-20

7:00pm – 8:54pm Partnership Taxation MCQs 21 – 46. Took about 5 minutes break. A little tired. I think decided that starting tomorrow, I will try to sleep at least 7 hours, and on the night before the exam, I will shoot for at least 8. I hope that I will stick to that plan!

This is 9:19pm. I have spent the last 25 minutes or so, reading a couple of pages I photocopied from my Wiley Book that I use to track the Modules completed, and do a quick “review” of the topics that are covered in the MCQs. I had photocopied some pages that talk about Researching Tax Issues, Examination Content, Taxes on the Regulation Exam. I just didn’t want to carry the whole book around, so I have about 13 pages that I carry around with me. Of course, I [always] spend a couple of hours reading the first couple of Chapters in the CPA review book, (the introduction to the CPA exam stuff.) I believe that those non-technical matter chapters have excellent information that is essential in understanding the exam. That is, the CPA exam as a concept and how to approach it. So, I will give those chapters another, probably on Sunday or Monday.

 Today, I challenged myself with the 3 challenges from yesterday. I have not done great when it comes to “sitting up straight” or “no touching face”, but I have done great with the “no Internet until 10pm” challenge. Another 33 minutes, and I will get to surf the net and see if AUD came out. I think I will stop here, and start working on Gift & Estate Tax. I am not sure if I will take a break before I finish that module to go on the Internet, or I will try to finish it first! Yesterday, I mentioned that I would talk about the benefits of not going on the Internet (for me) later on. Well, I can say that I feel like when I don’t get on the net, I get more accomplished, or I feel like I have accomplished something great. Part of it is because I am getting the studying done, the other part is that I am proving to myself that I can “live without the Internet”, albeit for a few hours. I am not sure whether I would be able to live without the Internet. I live without watching TV, but I was never a great TV watcher in the first place (except for watching soccer). Internet on the other hand, I am almost addicted. I have experienced some withdrawal symptoms these past couple of days! Time to go!

 9:35pm – 10:43pm Gift and Estate Tax. 36MCQs. I thought the treatment of this chapter Module, at least in the Questions Database, was weak. Most of the questions focused on Tax Return Preparers (which I knew a lot from having done Professional Conduct related chapters with Gleim TestPrep CD.

 I am not sure if I have mentioned that what I like about the Wiley study module MCQ “test bank” is that it has “text links” which you can use to read “excerpts” from the book dealing with the question. Some of the text links are several pages long, which can take long to read, but at the same time, makes up for (my) not reading the book. Gleim on the other hand, does not have text links, but the explanations to the questions are pretty detailed (or detailed enough). The fact that Gleim has a ton of MCQs, at least double what Wiley has, is a winner for me, especially if you have time to go over them (which I did for FAR and BEC). My plan is to compare the number of questions in Gleim to those in Wiley for Individual Taxation, and I will go with the higher number. I intend to do Individual Taxation and Corporate Taxation tomorrow. It will be a long day!

 Here is how my “progress spreadsheet” looks.

Chessiq's study progress 08.21.09

 It is a wonderful Life!

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