Tag Archive for: success

Want to Pass the CPA Exam? Consider Hiring a Coach

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The Uniform CPA Exam is widely known as one of the most challenging professional exams, demanding dedication, extensive study hours, and a strong commitment to success. As of 2019, the National Association of State Boards of Accountancy reported a pass rate of just 49.8 percent for California candidates. This means that, on average, more than half of all candidates in the state failed one or more exam sections within the past year. Failing the CPA Exam incurs not only financial costs but also takes a significant emotional toll on candidates. In this updated article, we explore how hiring a coach can make a substantial difference in CPA Exam performance and offer guidance on overcoming common obstacles.

The Emotional Impact of Failing:

CPA candidates are typically highly goal-oriented and accustomed to achieving their objectives through hard work. However, many are unaccustomed to failure and struggle to cope when it occurs. One of the first steps in coaching is to normalize the experience of failure by acknowledging that it is a common part of the journey. This is followed by helping candidates reframe the situation, encouraging them to view failure as an opportunity for growth and self-improvement. Coaches ask thought-provoking questions to help candidates identify ways they might be hindering their own progress and find opportunities to change their behaviors and enhance their results.

Managing Energy and Time:

Many CPA candidates experience exhaustion and burnout due to the demands of studying alongside work and other life responsibilities. Some candidates mistakenly believe that studying more hours will guarantee better results. While investing sufficient time in studying is crucial, it should not come at the expense of self-care. Human brains are not machines; they function optimally with adequate rest and relaxation. To manage energy effectively, candidates should incorporate renewal activities into their schedules, such as exercise, sleep, and quality time with loved ones. Recognizing that studying isn’t just about quantity but also quality is essential.

Creating a Realistic Study Schedule:

Developing a customized study schedule is a critical aspect of CPA Exam preparation. Coaches work with candidates to create schedules that balance the recommended study hours with their life commitments. Honesty is key during this process, as candidates must realistically assess what they can handle. It’s common for candidates to initially craft ambitious study plans that may not align with their actual capacities. Being accountable to the plan is equally important; coaching clients often report their study hours, allowing coaches to track progress. If candidates fall short of their goals, coaches help them explore the underlying reasons, which can range from work-related pressures to personal habits that need improvement.

Conclusion

If you’re struggling to pass the CPA Exam, rather than resorting to buying another review course or investing in additional exam sections, consider the benefits of hiring a coach. A coach can provide valuable support and guidance to help you achieve your CPA Exam goals. Beyond exam success, coaching can encourage personal growth and help you become the best version of yourself in both your professional and personal life. Don’t let the CPA Exam stand in your way—consider hiring a coach today.

Navigating Mental Well-Being in the CPA Profession: A Guide to Seeking Help

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The demanding world of accounting often comes with its own set of unique challenges, which can have a profound impact on the mental well-being of professionals in the field. In a recent episode of the Journal of Accountancy Podcast, senior editor Courtney Vien engaged in an insightful conversation with certified executive coach Amber Setter, shedding light on the critical topic of mental health for CPAs. In this blog post, we’ll delve into some key takeaways from their discussion, exploring the nuances of mental well-being in the CPA profession and how individuals can seek the help they might need.

Amber Setter, an experienced accountant who has made the transition to a certified executive coach, delivers “transformational coaching.” The results of her coaching engagements are more than the achievement of external goals.This approach empowers accountants to gain a deeper understanding of who they are, what drives their performance, and what they truly long to do with their life.. .. Setter emphasizes a crucial point – professional success doesn’t always equate to personal fulfillment.

It’s vital to distinguish between coaching and therapy, as they serve distinct purposes. Coaching is centered on the present and future, aiding individuals in setting and attaining their goals. In contrast, therapy often delves into past experiences to address current challenges. Amber r advises that it’s important to engage an accredited coach who can discern when a client may require therapy, thereby ensuring they receive the most appropriate form of support tailored to their specific needs.

Setter offers invaluable insights into recognizing burnout, likening it to a smartphone with a rapidly draining battery. You can see when your phone has 10% charge left; but do you know how it feels for you when your energy is running that low? Signs of burnout can manifest in various ways, including reduced focus, alterations in eating patterns, heightened anxiety, and even physical symptoms such as shortness of breath or panic attacks. Recognizing these signs is crucial, as they serve as a clear indicator that intervention and support are needed.

A prevalent issue in the accounting profession is the reluctance to seek help, often driven by misconceptions. Some CPAs may be oblivious to the necessity of seeking assistance, viewing it as a sign of weakness, or believing they simply don’t have the time for it. Alas, if only therapy sessions were deemed to be a billable activity. Setter takes it upon herself to dismantle these misconceptions, highlighting the profoundly positive impact that seeking help can have on both personal well-being and professional effectiveness. Anxiety takes up the space that could be held by intellect.

In the world of accounting, one’s well-being is an indispensable aspect. By recognizing the telltale signs of burnout, offering support to colleagues, and embracing the idea of seeking help when necessary, CPAs can achieve both personal and professional success. It’s important to remember that seeking help is not a sign of weakness; rather, it’s a courageous step towards a healthier, more fulfilling life.

We wholeheartedly encourage everyone in the accounting profession to prioritize their mental well-health. Your health matters, and seeking support can make all the difference in ensuring a long and prosperous career in this demanding field.

Beyond the Books: Elevating Your CPA Exam Performance with Holistic Strategies

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Embarking on the journey to become a Certified Public Accountant (CPA) is more than just an intellectual endeavor. It’s a transformative path that challenges you intellectually, emotionally, and even spiritually. In your quest to ace the CPA exam, consider these three non-traditional approaches that promise to enhance your performance.They may even bring a touch of happiness to your journey.

Understanding Your “Why”: Unveiling Personal Motivation

In the quest for success, it’s vital to start by understanding your “why.” Why do you aspire to become a CPA? Is it a professor’s advice, parental expectations, or required by your employer for career progression? Dig deeper. Each candidate’s journey is unique, and the CPA designation should align with your personal aspirations. What will achieving this designation bring to your life? Whether it’s financial security, a sense of accomplishment, or the ability to make an impact on society, grasping the true significance of your goal will imbue your efforts with purpose and determination. This emotional fuel will empower you to weather any challenges and enhance your overall experience along the way.

Taking Breaks: The Counterintuitive Catalyst for Success

In a world that glorifies non-stop productivity, the idea of incorporating planned breaks into your study routine might seem counterintuitive. However, neuroscience tells a different story. The human brain isn’t designed for continuous, unrelenting critical thinking. To optimize cognitive performance, breaks are imperative. Delve into the paradox of productivity – taking breaks actually increases efficiency and retention. Integrate scheduled breaks into your study plan. Whether it’s a weekly yoga session, a leisurely movie, or a gathering with friends, these pauses offer your brain a chance to rejuvenate, fostering clarity and focus when you return to your studies. By setting a rhythm of work and rest, you enhance your cognitive abilities and embrace a sustainable approach to success.

Nature’s Connection: A Digital Detox for Enhanced Well-being

The digital age immerses us in screens and information overload, leaving little room for reflection and connection with the natural world. Incorporating moments of nature into your CPA exam journey offers profound benefits. Whether you find solace in a forest or draw inspiration from mountains or the sea, nature offers a respite from the constant barrage of digital stimuli. Stepping away from screens allows your brain to recharge and engage in introspection. Beyond the cognitive benefits, nature provides an opportunity to reconnect with yourself and the world around you. It can even spark a sense of spirituality or connection to something greater than oneself, enriching your journey on a holistic level.

Conclusion: A Balanced Path to CPA Exam Success

The CPA exam journey is multifaceted, encompassing intellectual rigor, emotional resilience, and personal growth. To excel beyond the confines of traditional studying, incorporate these holistic strategies into your approach. Understand your personal “why,” infusing purpose into your pursuit. Embrace planned breaks to fuel productivity and clarity, and escape to nature to recharge and reconnect. Remember, success on the CPA exam is not solely about mastering technical content; it’s about nurturing your whole self to perform at your best.

Good luck, and may your journey be as rewarding as the destination.