Test Day

Hi Everyone,

Today was test day...  After putting in the time the last week, going through material, and answering as many questions as I could, I can finally put the Regulation exam behind me (at least until scores come out)

I don't feel as confident as I want to coming out of the exam.  Once again, I felt that the material that I spent a majority of my time on, didn't appear as much during the exam.  Whats worse, is the feeling that I missed the material that I did know by going back and changing answers.  We'll have to wait to see the results to see if I was right about this feeling, or if I'm just beating myself up for nothing.

Audit is coming up on the 26th.  It's time to dig up the notes that I had.  But after these past couple months, I have to change my approach and my attitude.  Although I felt as if I covered all the material the last two times, I managed to stress myself out in the process (something that you don't need to do prior to test time).  I normally take an all or nothing approach... which usually leads to doing ALL the work at the end.  I'm going to try something new for the next exam... I'm going to open the book, and make it my  goal to understand at a minimum one topic (or one mnemonic)  Right now, the all or nothing approach has worked only when I was first starting work and still had time to unwind.

Well, its time to brush the dust off of my audit notes and figure out where to begin.

As always, good luck, and best wishes.

Regards,

Kunal

Comments

[kamas]

Good luck Kunal,you know you have to prepare for Audit. but keep happpy

[Dan C.]

Hi Kunal,
What did the Regulation exam emphasize more? Was it the corp. and partnership taxation? The law topics? I find partnerships to be difficult.

[Kunal Mistry]

Hi Dan,

I don't think that the exam emphasized one topic more than any other. I think I had a good mix of the taxation and law topics. I've found that the best bet for passing the exam is doing multiple choice questions multiple times. Not only will it reinforce all the topics, but more importantly, it will teach you how the exam tries to trick you and how you can work to get down to the correct choice regardless of the topic.

Good luck.

Kunal