Three weeks from today is the magic day I sit for the CPA exam (FARS section). I ask myself “am I ready”? The answer is not really. I have read all 1600 pages of hardcopy for the test, I have finished about 1/3 of the online study materials (about the same amount of pages, but there is quizzes on each section).
Could I have been more ready? Absolutely. When I first signed up and paid the money 5 months ago I assumed I would study for a couple months and take the test. I hadn’t really paid attention to how much study it would take, so when I got through the 1600 pages in two months I thought I might be ready. I got to the online studying, took some tests and realized that was not the case.
At about that point in time is when I got promoted. Being an Assistant State Auditor 3 AIC (Auditor in Charge) means I am responsible for a whole hell of a lot more then I was. From start to finish the audits on cities, counties, water district, fire districts and about 100 other types (never had I realized before this job how many local governments there actually are). I can handle the job, I am good at it, but it took a lot more time getting into the swing of being in charge.
At that point I started the Snohomish County Financial Statement Audit. Its the largest audit of my team, and the third or fourth (depends on the year) largest state audit. I was a bit confused why I was selected (it is a tremendous resume filler if I ever decide to leave) and I know there were grumblings from people who had been with our team for 3+ more years and they have never been selected.
This audit required a lot of time and a bit of stress as I got the learning curve. This meant very little study for the CPA exam. Although it did mean a lot of exchange time built up that allowed me to take a lot of days off after that audit.
In addition we started Dying Light and that took time and effort away from studying, plus the fact that I have just finished a little over a year ago (well 18 months) about 10 years of college. I hate studying, and I definitely hate studying accounting stuff.
All of this leads me to now. I don’t have a lot more time, and I have so much more studying to do. Does this mean I will buckle down and spend 4+ hours a day studying? No, no it doesn’t. Too much is going on, Dying Light starts in 4 weeks, a new audit starts Monday and I want to see my beautiful wife and keep running games, and maybe even enjoy the remains of the summer.
Will I sit for the test? Absolutely. Who knows, maybe I will luck out. The actual test usually only covers 5-7% of our study materials (its a four hour test designed to cover almost 200 areas of financial statement treatment and GAAP pronouncements). Maybe I will luck out and that 5-7% will be in the area I feel good in.
If I don’t make it, I will probably purchase the video aspect of the study materials for this section. I have always learned better in a classroom setting with someone lecturing. For about $200 you can get the video part of the study materials for this section, if I don’t pass it this time then maybe I should invest in it. This means next time I wont even register for the test until I have passed all the study material and feel ready to go.
I will get this CPA, but I think I just wasn’t ready to put that much time in studying.
I do have to say I feel better. I know my beautiful wife wont hate me, and she knows I will get the certification. Overall, having accepted my situation I feel much calmer and can now enjoy the rest of the summer.