One of the most simple and enjoyable things in life is work. A lot of people detest it, but I think if you learn to take pride in your work and do a good job, almost any job (not every job) can become a positive experience. Yeah, there are always morons for co-workers. However, if you focus more on your own job and try to drown out the idiots, I’ve found it helps quite a bit. Unfortunately, there are still people who are so off the charts with stupid that there’s nothing that can be done…
So, in my march to get what I hope to be a good job that I can enjoy upon my return to Vermont, I have 6 weeks to hash out and execute an aggressive attack plan for the Financial Accounting and Reporting (FAR) portion of the CPA exam. What does this have to do with work you may ask? Well, since I have been out of the accounting field for more than 7 years, a good performance on this exam will demonstrate my seriousness to any potential employer.
Here’s the scoop: I’m currently using Roger CPA Review, online, to study. Using his textbook, I’m hoping to finish the entire FAR portion by the time I leave Japan on April 1st.
Here’s what I’m planning:
February 13: Property, Plant and Equipment.
February 14: Intangibles
February 15: Bonds and Present Value Tables
February 16: Review all material until February 16
February 17: Accounting for Leases
February 18: Liabilities
February 20: Receivables
February 21: Review all material until February 21
February 22: Pensions & Postemployment Benefits
February 23: Stockholder’s Equity
February 24: Partnerships
February 26: Review all material until February 26
February 27: Reporting the Results of Operations and IFRS Financial Statements
February 28: Accounting Changes and Error Corrections
February 29 (woo-hoo! leap year!): Accounting for Income Taxes
March 1: Review all material until March 1
March 2: Interim Financial Reporting
March 3: Segment Reporting
March 5: Installment Sales and Cost Recovery
March 6: Review all material until March 6
March 7: Long-Term Construction Contracts
March 8: Personal Financial Statements
March 9: Statement of Cash Flows
March 10: Review all material until March 10
March 12: Earnings Per Share
March 13: Financial Statement Analysis
March 14: Foreign Operations
March 15: Review all material until March 15
March 16: Inflation Accounting
March 17: Governmental Accounting (my arch-nemesis, absolutely hated this class in college…)
March 19: Governmental Accounting
March 20: Governmental Accounting (it’s a long chapter…)
March 21: Business Combinations and Consolidations
March 22: Nonprofit Accounting
March 23: Review all material until March 23
March 24-April 1st: Review all material
This is a tall order that will surely test my sanity, especially as I get busier with moving. I should be able to make it though, since I will have 8+ hours a day to study. My plan is to study for about 4 hours in the morning, go to the gym for lunch break to wake up a bit, steam in the sauna after my work out and then return for another 4 or 5 hours of studying in the afternoon. A nice side benefit to this is I can finally, hopefully, maybe, get into shape, too!
I’m pretty confident I can plow through a unit a day, but if I get bogged down somewhere along the line, I’ve got an extra week to work with. If I can complete everything with this timeline, I will have almost a month of non-stop review before actually sitting down to take the exam.
I’ve just received an e-mail saying I’m clear to schedule my testing dates, and I think I’m going to shoot for late April for the FAR section, and then mid-to-late-May for the Business Environment and Concepts (BEC) section.
If I find during this regiment that I have time to tackle some BEC material, I’ll give it a go. It will certainly be nice to have a change of scenery.
Working hard isn’t easy, but working hard for a goal is a simple and very satisfying task-once you take some headache medicine…