Friday, February 29, 2008

CPA Stuff

Thanks for all of the well wishes earlier this week. I took the FAR exam on Wednesday morning (financial accounting.) It is nice that they have broken up the exams so that you only have to take one section at a time. The next test is Audit on April 1. The test went ok - I will get my score in about a month. The two big problems on the exam dealt with deferred taxes and bond discount/premium amortization. Not very fun. Pass rate is right around 48%. Just think about high school or college - you are in a 30 person class - you take a midterm - and 16 people get F's.

I was in a meeting yesterday with our Executive Vice President of Human Resources and mentioned to someone else that I took the exam on Wednesday. The VP picked up on it and grilled me for a minute. He then said he was sure that I did fine. So what do I tell him in a month when I don't pass?
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1 comment:

Anonymous said...

What does the VP of HR know about accounting?

I personally think there should be an * next to people that get their CPA in this dumbed down fashion (1 test at a time). They have basically made taking the CPA a video game on computer. I'm for the old method of 2 days, 4 tests, on rickety tables at the Merchandise Mart. Besides, when you were done, then you were done for 6 months and going out drinking after 2 days of tests was pretty sweet.

Good job on stepping up to the plate though Matt, we could use a few more 'normal' people in the club.

Bob

February 29, 2008 at 1:24 PM

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