3 Simple Tricks to Improve Your Studying Time

CPA Exam review can be an arduous process. While online review systems are one of the most effective ways for you to increase your chances of passing the CPA Exam, there are other simple tricks that can help you improve your study time. Here is a list of three simple tricks to help with your CPA Exam review:

  1. Location is key. Finding the ideal spot to study should be a top priority. Perform some experiments: do you find comfort in studying alone at home, or do you prefer being at a quiet café while wearing headphones? Every place has aspects that may be perceived as pros or cons. If you prefer a quiet place, you may want to opt for a public library so you won’t be distracted by pets, roommates or significant others. Once you’ve found your perfect place, your brain will recognize that you’re shifting gears from the fast pace of your day to day into a more focused study time, which will ultimately help to improve your performance.
  2. Create a specific schedule and stick to it. Use your online or paper planner to make space for study dates with yourself. Seeing it on your calendar will help you take studying more seriously. It may be tempting to just fit it in whenever you have the chance, but having a consistent studying schedule in black and white is the best way to go. Shorter, more frequent sessions are more effective than longer, marathon sessions.
  3. Take time at the end of each session to recap. Make sure you build time into the end of each study session to review what you’ve learned. Take a moment to close studying materials and talk through the concepts you’ve covered, spending extra time on the questions you found most difficult.When you need support for your CPA Exam review, contact the experts at ExamMatrix today! Call us at 800.272.7277 or get a demo!
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Will the CPA Change in 2017?

If you are studying to have a career in the field of accounting, you may have heard rumors that the CPA Exam will be changing in 2017. Indeed, the American Institute of Certified Public Accountants is implementing an updated CPA Exam, beginning on April 1, 2017.

Building off of the current form of the CPA Exam, the updated version will include questions that focus on using skepticism and professional judgment, being willing to challenge assumptions and swiftly identifying and preventing issues and errors. This is in order to assure that new CPA candidates are proficient in demonstrating their mastery of higher order skills.

The changes in content were sparked by a 2014 study to identify the skills that CPA professionals most need to possess in the current marketplace. The study discovered that the skills most needed include contributing to complex accounting projects early in a career, an increased knowledge in performing challenging tasks, and possessing a high level of critical thinking.

In addition to the changes in content, the new version the CPA Exam will be two hours longer in duration, increasing the test taking time from fourteen to sixteen hours. The exam will also be increasing in price.

With the changes that are taking place for the CPA Exam in 2017, you will want to set yourself up for success. exammatrix developed the very first computer-based CPA Exam review software. In fact, if you take advantage of one of the review software courses that exammatrix offers, you are guaranteed to pass the exam!

Since exammatrix acquired the CPA Review, we have made significant improvements to the CPA Exam review software. Because of our innovations, we have seen significantly higher pass rates than from the old software. Get a free demo to try these new changes!

When you are looking for CPA Exam review professionals to help you pass the exam, with flying colors, look no further than ExamMatrix!

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A Foolproof Plan for Passing the CPA Exam

The CPA Exam is a challenging test that serves as one of the final gateways into becoming an accountant. In April 2017, the test will be changing significantly. As an accounting student, you want to do everything in your power to pass the CPA Exam. At ExamMatrix, we’ve been helping accounting students study for and pass the CPA Exam for nearly fourteen years. Here is our foolproof plan for passing the CPA Exam.

  • Choose a method of studying that works with your schedule. There are many CPA Exam review products available, both online and in bookstores. ExamMatrix was the first to put CPA Exam review products online, and we haven’t stopped improving them since. We have tailored our CPA Exam review software to be flexible and adapt to the study schedule of our students.
  • Learn from your mistakes. The ExamMatrix CPA Exam review software reacts to how you answer each question. It even goes so far as to identify both your strengths and weaknesses and focuses on giving you more questions that will help you learn to correct your previous mistakes.
  • Simulate the exam as closely as possible. With ExamMatrix CPA Exam review software, you will be able to experience 38 Simulations that mimic the look and feel of the actual exam. With the CMA Exam Review Course software, you will be able to practice on 39 Essay Problems.
  • Spend your money wisely. ExamMatrix is so confident in the effectiveness of our CPA Exam review products, we offer a Pass or Refund Guarantee. This means if you don’t pass the CPA Exam, you’ll get your money back. Study in confidence with ExamMatrix!

When it is time for you to take the CPA Exam, ensure your success by using the CPA Exam review experts at ExamMatrix. Start by getting a free demo!

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7 Myths About Prepping For The CPA Exam

When preparing for the CPA Exam there can be a lot of misconceptions about what to expect. General performance anxiety, and these common misconceptions can lead to nothing more than a recipe for disaster. The best thing for you to do, is take a deep breath, look over these myths, study hard, and review a sample exam so you can really get a feel for what the real CPA exam will be like.

  1. One common myth is that there is a curve when it comes to grading the completed exams. This is not true. Every test is graded individually therefore giving every applicant an individual score.
  1. There is also the myth that not many applicants of the CPA exam successfully pass the exam, this is also untrue, according to the AICPA (The American Institute of CPA’s) the average pass rate in 2015 varies by part between 46% and 56% depending on part. Business Environment and Concepts had the highest passing rate while Financial Accounting and Reporting had the lowest.
  1. Yet another myth is whether or not there is an appeal process for barely failing grades on the exam. There is an appeal process but usually since the computerized grading system has been implemented, the chance of an appeal changing a failing grade to a passing grade is only about 1%.
  1. As long as you get 75% of each section’s questions correct then you should pass the exam is another common misconception. Each of the four sections is graded differently in accordance with its difficulty level.
  1. Some people rely on if they pass the multiple choice section they have a greater chance of passing the exam entirely. While this isn’t completely untrue, it is not a very wise decision to place so much faith in one section.
  1. The results of your exam will not be given to you right away. The exam results are released only after the testing window has closed. All the exam results for each testing window are released at roughly the same time everywhere, usually the second week of the closed testing window month.
  1. Some people believe that if you take the most difficult section (out of the four) first then the rest of the exam will be a breeze. This is not true. There is not one section that will be particularly harder than the next. Each section will require the same amount of thinking and hard work to be done well.

The bottom line is do not believe every rumor you hear about the CPA exam. If you have are unsure about the information you have received, contact AICPA or your State Board of Accountancy, who will be able to answer any questions or concerns you may have.

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Which Accounting Certification Exam is Best for Me?

Not all Accounting Certification exams are made the same. You have several choices and knowing a bit about each one will help you decide the best one for your specific situation. The choices are CPA, CFA, CMA, CIA, and CAIA.

The first is Certified Public Accountant which covers lots of different types of accounting. Some of these are financial accounting, corporate finance, and general business. It has the highest requirement for education with five years required plus experience. The Certified Management Accountant is similar with a focus on cost accounting and analysis and works the best for corporate accounting goals.

The Certified Internal Auditor is specifically for internal auditing. The Chartered Financial Analyst only covers finance and investment. The Chartered Alternative Investment Analyst is a newer certification that focuses on alternative investments and you need a bachelor’s degree and experience for this one as well.

Do a little research on each type of certification and make sure you know the type of accounting you are interested in. Then figure out the education required to take each certification. Once you figure out the right test you can start working on the accounting certification exam review for you.

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What Kind of Jobs Can I Get With a CIA Certification?

The CIA certification opens doors for the average internal auditor that were previously closed. In fact, it’s reported by The Institute of Internal Auditors (IIA) that a CIA designation can boost earning potential by up to 40%. The greater prestige and salary increase associated with holding the CIA credential is logical and justifiable since passing the CIA exam requires the test taker to invest a great deal of time in mastering complex accounting practices and applying that knowledge to passing the CIA exam. Before you begin the application process and sit for the CIA exam, the ExamMatrix team feels it’s beneficial to know the kinds of jobs you can get with the CIA certification, which may give you an added incentive to move forward with your internal auditor career goals.

Jobs for Those With a CIA Certification

Depending on your level of experience in internal auditing once you become a CIA (certified internal auditor), you may qualify for a range of positions with various titles, such as:

  • Audit specialist
  • Junior auditor
  • Senior auditor
  • Audit manager
  • Supervisory auditor or accountant
  • Operational risk consultant
  • Staff internal auditor
  • Compliance auditor
  • Compliance oversight specialist
  • Internal audit consultant

Contact ExamMatrix Today

To ensure your success on the CIA exam, ExamMatrix’s CIA Exam Review Software is the best study program available. It offers Adaptive Learning technology, over 2,000 multiple choice questions, 3 digital reference books and includes a “Pass or Refund Guarantee.” Contact ExamMatrix today and raise your salary base by earning a CIA certification!

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What is the Hardest Portion of the CIA Exam?

The certified internal auditor (CIA) certification is a specialized designation that is sought after by accounting professionals looking to further their career and boost their level of expertise. In order to gain this impressive credential, a preapproved candidate must sit for the three-part CIA exam, which is created by the Institute of Internal Auditors (IIA). If you are considering taking the CIA exam, you may be wondering how difficult it is to pass the exam and which portion is the hardest of the series. At ExamMatrix, our specialty is preparing our clients for exam day by providing relevant information and superior study guides for exams, like the CIA exam.

Parts of the CIA Exam

The CIA exam is made up of three parts with anywhere from 100-125 questions per section. Depending on the number of questions in a particular section, it may take from one hour to two and a half hours to complete a single section. You can take these parts individually to increase your chances of earning a passing score. Some candidates find it is easier to spread the tests apart to allow for more concentrated study time, which is especially helpful with sitting for the third part of the exam. Generally thought to be the hardest portion of the CIA exam, the Internal Audit Knowledge Element is the third and final section of the test series. While it only contains 100 multiple choice questions and takes approximately one to two hours to complete, it requires the test taker to complete more advanced calculations and covers complex topics in greater depth than in other sections, such as risk management and business continuity.

To ensure your success on every part of the exam, it’s worth your time to over-prepare for the CIA exam and adhere to the study guide and requirements outlined by ExamMatrix’s CIA Exam Review. Yet, keep in mind that you must study wisely and take all three parts within a 4 year span starting from the date of your application approval for your scores to be considered valid. To maximize your study time, the adaptive learning technology of ExamMatrix’s CIA Exam Review is your ticket to earning the CIA credential.

Contact ExamMatrix

If you have been approved to sit for the CIA exam, contact ExamMatrix today to discover how our customized study program and “Pass or Refund Guarantee” can work for you!

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What to Do After You Pass the CIA Exam

The steps to earning a certified internal auditor (CIA) credential take a great deal of commitment as the application process and study time necessary to be successful on the CIA exam is considerable. Understandably, you may first want to weigh the benefits of adding the CIA label to your resume against the work you will need to complete in order to earn it. At ExamMatrix, we want you to be certain this is the right choice for you, so here are two options as to what you can do after you pass the CIA exam.

Inform Your Current Employer

Having a valued employee with a CIA designation is preferred by many companies and can increase your earning potential by as much as 40%, according to The Institute of Internal Auditors (IIA). After you celebrate your success, you should immediately inform your employer of your new certification and inquire as to whether it qualifies you for advanced positions currently available within the company.

Explore Career Opportunities

A CIA certification tells top global companies that you have achieved a level of expertise lacking in other candidates. Once you pass the exam, you may consider applying to positions that were previously out of your reach. You will be surprised at the professional leverage you gain in the accounting industry by holding a CIA credential.

Contact ExamMatrix

Passing the CIA exam is a great accomplishment that speaks volumes about your expertise and professionalism in the field of internal auditing. If you are considering sitting for the CIA exam, you must study wisely in order to pass the exam. With the Adaptive Learning Mode of ExamMatrix’s CIA Exam Review, you can be certain that you will only study those areas with which you need more time versus fruitlessly pouring over the same material with little chance of earning a passing score. To pass the CIA exam with flying colors, contact ExamMatrix today and learn how our CIA Exam Review can help you!

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Best Alternative to Getting CPA License

A certified public accountant (CPA) license is widely recognized in the accounting industry as being an attestation to an accounting professional’s level of expertise and competency. However, those in the field of accounting have other options available to them aside from earning a CPA license in order to achieve their career goals. At ExamMatrix, our study programs assist test takers with earning various licenses and certifications, such as CPA, certified internal auditor (CIA), certified information systems auditor (CISA), and certified management accountant (CMA). If you are interested in discovering how to get ahead in the world of professional accounting without a CPA license, your best alternative depends greatly on your expertise and the areas in which you will work.

Certified Internal Auditor

If you plan to work in internal auditing, obtaining a CIA certification is a must-have if you are eager to advance your career. To reach an executive position, however, you may consider earning a CPA license in the future.

Certified Information Systems Auditor

The auditing of information systems (IS) is best handled by those holding the niche CISA certification as the skills held by a CISA are more specialized than that of a CPA. These professionals are trained to audit and manage information technology and business systems, pinpoint data integrity issues, develop internal controls and assess compliance.  

Certified Management Accountant

For positions centering on financial business analysis and management accounting, a CMA would be better suited to excel over another professional holding a CPA.

Contact ExamMatrix Today

Whether you are seeking to become a CPA, CIA, CISA or CMA, ExamMatrix has an exam review course that will ensure you ace your exam. To discover how ExamMatrix’s customizable study programs can guide you to success in your accounting career goals, contact ExamMatrix today!

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What Is the Best Accountant Certification to Get?

There are several accountant certifications that will help up-and-coming and seasoned accountants bolster their careers. While many specializations do exist, the following are the best certifications that an account can get.

Certified Public Accountant (CPA)

Earning a CPA allows an accountant to work for themselves, and new accountants earn as much as 10% more than non-licensed peers. When a CPA is earned, further career opportunities are available, and there’s a higher level of career security.

The exam is broken down into several different parts, including:

  • Auditing and attestation
  • Financial auditing and reporting
  • Business environment and concepts
  • Regulation

All four parts of the exam must be completed before the CPA designation and certification is received. This is typically the first certification that an accountant will obtain. Learn more about the CPA review course!

Certified Management Accountant (CMA)

A certification that is recommended for professionals who want to enter into the financial management and advanced management accounting field. The certification indicates that a person is well-versed in:

  • Financial planning
  • Professional ethics
  • Business control
  • Decision support

This is a two-part exam which covers 11 different requirements that must be met. Anyone that wants to take this exam will be required to have a bachelor’s degree and have spent two or more years working as an accountant.

Certified internal auditor (CIA)

Certified internal auditors will undertake the CIA exam so that they are better able to audit business accounts. These professionals will work with businesses, ensuring that the following is correct and up to industry standards:

  • Payrolls
  • Taxes
  • Inventories

These accounts will look for fraudulent activity that may be occurring in the accounting department, and will also be brought into a company to help them save money by making smarter financial decisions.

Many of these professionals will earn significantly more than their counterparts, with recent studies showing that a CIA can earn $29,000 more a year than their non-certified counterparts in the United States.

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