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Failed the exam? Please share your tips on failure recovery.
Nate - 10/18/2019, 3:39 pm

Does anyone have some advice they would like to share for candidates who failed the exam once or more? What are some good tips to overcome exam failure?

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verified_user RobPremCPA (Instructor) - 10/18/2019, 4:34 pm

Hey Nate! Great question. This is probably one of the most common, but yet one of the most difficult situations for me to prescribe to a student.

WHY IS IT DIFFICULT TO PRESCRIBE A STUDY PLAN FOR A RE-TAKE?
Because you've already spent so much time studying. You don't want to start from scratch. But yet, you obviously did not study (or know) enough material to pass.

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verified_user RobPremCPA (Instructor) - 10/18/2019, 4:46 pm

SO THEN WHAT DO TO DO?
You want to treat this study process similar to your review portion of the first shot at the exam. During this phase of studying, you are constantly trying to identify the 'holes' in your understanding. Said differently - you are trying to find the 'cavities' and 'root canals' in your knowledge base.

HOW TO DO THIS LOGISTICALLY?
Are you ready for my suggestion? Are you sitting down? Really, are you? LOL, ok , ok
You should READ THE INDEX of your book as if it were a CHECKLIST! Use the index of the box as a CHECKLIST of the items you know (put a check), and then put an O (or leave empty) for those items that you don't know. This should take 1-2 hours. But after you're done, you now have a very precise list (even if it's long) of study action items. No need to spend time on the items you know. This makes for a very efficient study process for the re-take.

LAST POINT
As you're going through the index, you should be thinking as you're preparing for battle. Picture this scene.... there are these guards (i.e. CPA exam test-makers) who want to see if you're ready to join their profession with them. To be sure you are ready to join them, they want to test your knowledge and abilities with an exam of multiple-choice and SIM questions. Therefore, as you go through each fine topics in the index, ask yourself "If these guards want me to enter their profession, what questions can they possibly ask me regarding this topic? As I stand right now, am I able, willing, and comfortable to defend my position to join into their profession? Or, am I not ready to defend myself in battle? If I'm not ready to defend myself, let me go prepare for that battle."

Not sure how one would ever be able to translate the CPA exam to a scene from Gladiator, but I just did. Kind of. Maybe.

Rob

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