Updated to reflect the latest Certified Public Accountant exam, the new edition of this manual presents two complete practice CPA exams. The author offers diagnostic tests and a review that covers all topics for which candidates are tested on the exam. All test questions have answers and explanations so that CPA students can score themselves and evaluate their individual strengths and weaknesses. The book's helpful supplementary information includes directions for obtaining application forms and applying to take the exam, advice on organizing an efficient study program, general reminders for dealing with the essay and computational questions, and test-taking tips.
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Customer Reviews
Most Helpful Customer Reviews
10 of 13 people found the following review helpful
Format:Paperback
I disagree with the previous reviewer's opinion. AICPA (The organization administering the CPA exam) announced to make the CPA exam a nondisclosed exam in 1996. That is what makes the last real exams even more valuable on the market. I personally called the Copyright Release Department of AICPA on 10/02/2003 to confirm this information is true. They say they release no more than 50 questions a year since 1997. The sample test given by all reviewing agencies now-a-days are derived from the Old test bank reformatted by applying new GAAP.
Yes, the exams in this book are out of date from 1995. However, Barron revised its old test answers to update with the current GAAP in the new edition. In addition, I personally find the tips given for writing short essays very very helpful. I think there are two essential factors to succeed in the CPA test. First, discipline studying. Second, try not to be anxious during the real test. I talked to lots people who studied and can¡¦t pass the test because of nervousness. I strongly encourage anyone who considers taking the test to do this two practice exams on two weekends. Get up in the morning get ready at the same time as if you were to take the real test. Take the practice exams the same schedule and pace as you would do the real CPA test. This is a great tool to kill the nervous cells during the exam. Most of us are just not familiar with the way the exam is structured, not the material of the exam itself.
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1 of 1 people found the following review helpful
The exam changed so much since this book was published. You have to know which multiple choice questions to study and which to
April 4, 2011
Format:Paperback|Amazon Verified Purchase
It's just unbelievable to me that Barron's stopped updating their CPA exam study guides. This was a great book when it came out and I used it along with all the study guides available at the time, and passed. If you go to the Barron's site, this is the CPA book they offer - and they describe it there as the new edition!
At this point, the only exam value here is to take the time to ferret out the still relevant parts of the book. There are great questions from the 1995 CPA exam (before I took my first accounting class or decided to study accounting). There are many changes to the authoritative literature, what is tested on the exam, and how the body of knowledge is tested.
The fact is this book was published too long ago to be of benefit unless the candidate does the research to eliminate was is now out of date for the exam. The exam has changed and changed again. Now it can be taken part by part at a Prometric testing center. This book is based on when the exam was written and proctored twice yearly at large examination centers with many thousands sitting for the exam at the same time. Since then, the body of knowledge tested has changed as well as the methods for testing that knowledge, referred to as psychometrics.
The unique selling point of this book used to be that it was useful toward passing the CPA exam. Now it is that this book has historical value, to gain knowledge of changes in the body of knowledge and how it is assessed over decades. This book has historical value beyond its study guide value.
At this point, the only exam value here is to take the time to ferret out the still relevant parts of the book. There are great questions from the 1995 CPA exam (before I took my first accounting class or decided to study accounting). There are many changes to the authoritative literature, what is tested on the exam, and how the body of knowledge is tested.
The fact is this book was published too long ago to be of benefit unless the candidate does the research to eliminate was is now out of date for the exam. The exam has changed and changed again. Now it can be taken part by part at a Prometric testing center. This book is based on when the exam was written and proctored twice yearly at large examination centers with many thousands sitting for the exam at the same time. Since then, the body of knowledge tested has changed as well as the methods for testing that knowledge, referred to as psychometrics.
The unique selling point of this book used to be that it was useful toward passing the CPA exam. Now it is that this book has historical value, to gain knowledge of changes in the body of knowledge and how it is assessed over decades. This book has historical value beyond its study guide value.
2 of 3 people found the following review helpful
Format:Paperback
Don't buy this book. It is so out of date. If you intend on passing the exam, you need more recent study materials. One of the reviewers complained about the price for Wiley, but if you remember how much textbooks cost in college, then you will think that maybe the Wiley books aren't that expensive anymore. The exam has changed considerably since this book's publication. It's like asking your grandfather how to fix a Toyota Prius. There are 4 exam parts, so wouldn't you feel better about having 4 separate books?
Most Recent Customer Reviews
Excellent Study Guide
This book really took me to the next level in preparing for this exam. It really covered a lot of A-Z items to consider and provided valuable insight and important information on... Read more
Published 23 months ago by D T
Badly out of date
This book's review of CPA Exam review courses is badly out of date. Its preface says that it has 3 goals including "To provide CPA candidates with the information they need in... Read more
Published on July 2, 2001
Wanted to be a successful CPA?
The first step is to pass the examination, which may be pretty difficult. With the release of the book that you have found, you can feel more relaxed about THAT hard test... Read more
Published on June 1, 2000 by Juan Carlos Rodrigo
Inside This Book
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First Sentence:
One function, historically, of the CPA exam has been to identify persons able to demonstrate a certain level of accounting competence. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
cate your answers, estimated time allotments, other objective formats, unused examination materials, water utility enterprise fund, general fixed assets account group, inventory listing schedule, assessing control risk, auditor most likely perform, standard confirmation request, unfunded accumulated benefit obligation, selected essay responses, debt account group, one answer for each item, nonexpendable trust funds, blacken the oval that corresponds, municipal bond interest income, current deferred tax asset, consulting services engagement, current income tax expense, periodic pension cost, total income tax expense, accrued pension cost, automatic extension request, includible corporation Key Phrases - Capitalized Phrases (CAPs): (learn more)
Objective Answer Sheet, Other Reporting Areas, Quantitative Methods, Audit Reporting Standards, Sales Article, American Institute of Certified Public Accountants, Securities Act, Employment Regulations, Amber Corp, Answer Key-Four-Option Multiple-Choice, Bankruptcy Code, Uniform Commercial Code, Essay Ruled Paper, Reporting-Business Enterprises, Total Items, Schedule A-Itemized, Accounting Fundamentals, Coffee Corp, Internal Revenue Code, Puerto Rico, Summary of Your Test Scores, Code of Professional Conduct, District of Columbia, Internal Revenue Service, Betty Ash New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
One function, historically, of the CPA exam has been to identify persons able to demonstrate a certain level of accounting competence. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
cate your answers, estimated time allotments, other objective formats, unused examination materials, water utility enterprise fund, general fixed assets account group, inventory listing schedule, assessing control risk, auditor most likely perform, standard confirmation request, unfunded accumulated benefit obligation, selected essay responses, debt account group, one answer for each item, nonexpendable trust funds, blacken the oval that corresponds, municipal bond interest income, current deferred tax asset, consulting services engagement, current income tax expense, periodic pension cost, total income tax expense, accrued pension cost, automatic extension request, includible corporation Key Phrases - Capitalized Phrases (CAPs): (learn more)
Objective Answer Sheet, Other Reporting Areas, Quantitative Methods, Audit Reporting Standards, Sales Article, American Institute of Certified Public Accountants, Securities Act, Employment Regulations, Amber Corp, Answer Key-Four-Option Multiple-Choice, Bankruptcy Code, Uniform Commercial Code, Essay Ruled Paper, Reporting-Business Enterprises, Total Items, Schedule A-Itemized, Accounting Fundamentals, Coffee Corp, Internal Revenue Code, Puerto Rico, Summary of Your Test Scores, Code of Professional Conduct, District of Columbia, Internal Revenue Service, Betty Ash New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Citations (learn more)
This book cites 56
books:
See all 56 books this book cites
- Financial Accounting (Ab - Accounting Principles Series) by Robert G. May on page 1, page 76, and page 167
- Intermediate Accounting, Study Guide 1 (Chapters 1-14) by Donald E. Kieso on page 55
- Advanced Accounting (9th Edition) by Floyd A. Beams on page 55
- The Legal Environment of Business (Student Guide) by Mallor on page 54
- Financial Accounting by Jerry J. Weygandt on page 55
See all 56 books this book cites
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