Originally posted by: Jerry Ice 33
It is definitely a grind.....which is why most CPAs go into private industries after 5-10 years. Even small business accounting and tax work can get pretty repetitive but at least you feel like you are helping small businesses out and they really really depend on CPAs.
I passed 3 of 4 parts the first try and barely snuck by on law which I barely studied for the first time. In WI, at least, at the time you could pass 2-3 parts as long as you got 50% on the other non-passed parts. I want to say my law part was in the 52-58% range and then that was easy to pass the 2nd go around by itself. Had I gotten 49%, the three parts I passed would have been thrown out. The conditions at the time for taking that test were not very optimal. It was like 22 hours over 2.5 days and I know I got a pretty good headache one day and they don't care one bit. And I was sitting on the floor of the arena where the Bucks played at tables spread out and you would be listening to people hack with colds the entire time. It was fairly brutal. I want to say it is a lot easier today but not 100% sure. I know a lot of it is now multiple choice and it is way shorter in hours.
I guess the version I took back then was a little tougher in some ways. The passing score was 75% cumulative, but I don't recall any minimum score for a given section. I do recall that they had us in there for two days of I think, ten hours each--maybe nine. I do remember almost running out of time the first time but not the second. The law part was easy--the math and formulas part was hard; I've always been relatively weak in that area.
We were in a classroom at a local community college campus, and had comfortable chairs, at least, and there were only twelve of us taking the test, and two proctors. But it felt more like an endurance test than a knowledge test. At least the do-over was easier; I knew what to expect and I wasn't deathly ill.
And yeah, at least when you're helping out small businesses, you feel like you're doing something vital. So many of those folks were completely lost at sea when it came to doing the books and their taxes.