CPA Exam Gateway

CPA Exam Gateway The Gateway will update you on the most current information on the CPA Exam.

Every thing you need to know about The CPA exam , find answers to your questions , study tips , exam techniques , personalized experience & find study buddies . This Page Run by Hesham Ahmed , a CPA with Several years of experience in public accounting , industry and Training . Hesham was the lead tutor and the Manager of CPA program in Pwc Academy cross the Middle east . Hesham Delivered course t

o Pwc colleagues and external clients in Dubai , Abuhabi , Muscat , Buirut , Cairo . Currently , Hesham hold regional position in Reckitt ben keiser (RB) , he is a Regional Senior Financial Analyst for North Africa and Egypt . linkedin profile for Hesham Amed :

http://www.linkedin.com/profile/view?id=57763525&trk=nav_responsive_tab_profile_pic

New Revenue Recognition standard expected to be issued this year by the US Financial Accounting Standards Board (FASB) a...
13/08/2013

New Revenue Recognition standard expected to be issued this year by the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board.

The new Standard will create the need for more and new judgements to be reached by financial statement preparers in a large number of circumstances, will be sharing more information soon regarding the new standard .

CPA Exam Update for Audit Section :On Jan. 1, 2014, the AICPA plans to suspend publication of the the pre-clarified stan...
11/08/2013

CPA Exam Update for Audit Section :

On Jan. 1, 2014, the AICPA plans to suspend publication of the the pre-clarified standards known as the extant auditing standards, or AUs.

There are a new set of Auditing standards issued by the AICPA’s Auditing Standards Board in 2012 known as The clarified U.S. Auditing Standards, And also known as the AU-Cs, These new standards are effective for audits of financial statements for periods ending on or after Dec. 15, 2012.

To CPA Candidates that means during the first quarter of 2014, the extant standards will no longer be tested on the AUD section of the CPA Exam.

The clarified U.S. Auditing Standards only will remain eligible for testing

Suggested Study Time :1- In the morning, before you go to work30 Min * 5 Working Days = 2.5 Hours2- During your lunch ho...
06/08/2013

Suggested Study Time :

1- In the morning, before you go to work
30 Min * 5 Working Days = 2.5 Hours

2- During your lunch hour
30 Min * 5 Days = 2.5 Hours

2- Evening time after work
2 Hours * 5 Nights = 10 Hours

3- Weekends morning
4 Hours * 2 Mornings = 8 Hours

Total 23 Hours per week and good news are you still can have fun during the weekends evenings

Under US GAAP reversal of inventory write down is prohibited , IFRS does allow reversal of write down,but limited to the...
06/08/2013

Under US GAAP reversal of inventory write down is prohibited , IFRS does allow reversal of write down,but limited to the original write off .

CPA Exam Tip : Use Your “noteboards” also knowing as ''Scratch Papers'' in making notations during the CPA Exam .
06/08/2013

CPA Exam Tip :

Use Your “noteboards” also knowing as ''Scratch Papers'' in making notations during the CPA Exam .

Multiple-choice questions (MCQ's) Solving tip :Do not jump to the conclusion that you know what the answer is without re...
06/08/2013

Multiple-choice questions (MCQ's) Solving tip :

Do not jump to the conclusion that you know what the answer is without reading the question completely.

International CPA Exam - Locations :-Bahrain-Kuwait -Japan -Lebanon-the United Arab Emirates (UAE)-Brazil
06/08/2013

International CPA Exam - Locations :
-Bahrain
-Kuwait
-Japan
-Lebanon
-the United Arab Emirates (UAE)
-Brazil

Changes to Audit Exam in 2013:Did you know that the Audit section of the CPA Exam is changing significantly in 2013? For...
25/01/2013

Changes to Audit Exam in 2013:

Did you know that the Audit section of the CPA Exam is changing significantly in 2013? For the first half of the year (January through June 2013) the Audit exam will remain unchanged.

However, starting July 1, 2013, the AICPA’s Clarified Statements on Auditing Standards (SAS) will be tested on the Audit exam.

The AICPA re-drafted the auditing standards for non-issuers to make them easier to read, understand and apply and to converge with international standards.

My Advise to you if you started studying for Audit already is to take the Audit exam before the new changes become testable , this is before July1, 2013

Developed by the AICPA, this infographic highlights the role CPAs play in business and financial decisions. From Main St...
24/01/2013

Developed by the AICPA, this infographic highlights the role CPAs play in business and financial decisions. From Main Street to Wall Street, CPAs are the most trusted and objective financial experts.

To Guess or Not to Guess? Answer all multiple-choice questions. Theexam is positively graded. There is no penaltyfor gue...
24/01/2013

To Guess or Not to Guess?

Answer all multiple-choice questions. The
exam is positively graded. There is no penalty
for guessing.

Which CPA section to take first ?For most people, passing the two longer sections, such as Financial Accounting and Repo...
18/01/2013

Which CPA section to take first ?

For most people, passing the two longer sections, such as Financial Accounting and Reporting (FAR) or Auditing and attestation (AUD) is more beneficial because it will be easier to pass the remaining shorter sections (REG) & (BEC) in the 18 Months time limit .

Do you know about the 18 Months Rule ?As soon as a candidate successfully completes a section, an eighteen-month time cl...
18/01/2013

Do you know about the 18 Months Rule ?

As soon as a candidate successfully completes a section, an eighteen-month time clock begins to tick. Once you pass a section of the examination, you are allowed a maximum of eighteen months from the date on which you sat for the first section to pass all remaining sections in order to retain credit on the passed section. If you do not pass all four sections within the eighteen-month time period, you will lose credit for the first section that you passed.

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