Chartered Accountant Exam
To become a CPA, following your degree you’ll need to pass the four part CPA Exam. This is a complicated exam due to the amount of material covered, so most individuals use one of the available review courses. Yet with the number of review products currently on the market, it can be difficult to determine which one will give you the greatest chance of passing on the first try. In reality, there is no absolute best course, as different individuals may learn best with different materials. However, there are several that are consistently ranked at the top of the list as ranked by the Big 4 Public Accounting Firms.
Top Rated CPA Review Courses and Products
Despite the existence of many highly recommended preparation courses, the Big 4 consistently rate three review preparation products among the top five programs.
Becker Professional Education– Becker’s materials and lectures are consistently rated among the top three products on the market. The company offers a number of different options intended to meet each individual learning preference. There review courses are offered in three formats which include live lectures, self-study, and online review. Courses can be taken using the FastPace Intensive Study versions, which prepares students for the exam in weeks instead of months. Additional materials that are available include flashcards and final reviews for each of the sections. The entire course including the additional materials costs around $3900 for the standard course formats and around $5560 for the intensive format. If you do not pass after using a Becker preparation course you can repeat the course free of charge providing you meet certain requirements (not specified).
Bisk Education Bisk offers several formats including Live Reviews (price not provided), Online Live Reviews ($1900, Self-Directed Online Review ($1350), and Advanced Online Review ($1700), which combines the Self Directed Review with CD Lectures. Textbooks to use with the reviews cost $200 for either the hard copies or eBooks. In addition, Targeted Topic Videos are available and cost between $99 and $800. If you do not pass after utilizing one of the Bisk Educations programs, they will refund your money or update your materials free of charge.
CPAexcel – This companies review options includes various combinations of Core Study Materials, Video Lectures and Slides, Professor Mentoring and Textbooks or eBooks. Packages run from $950 – $2350 or you can build your own review course by choosing only those components you desire (price varies based on individual selections). Several packages come with the choice of an iPad or iPad mini or you can receive $200-$300 of the price of the course. Every course includes Scorebuilder, a database of all past exam questions. There is a supplemental Virtual Classroom Series available ($400), which includes a mix of recorded lectures and live online lectures. Upgrades are also available which include Flashcards ($150) and for anyone enrolled in a complete review course with videos, a 32 GB Travel Flashdrive loaded with the entire course including all videos ($150). All courses include continuous access to free updates and there is no expiration date. Additionally, students receive a 20 percent discount on all products.
With CPA pass rates averaging around 50 percent, it makes good sense to invest in a quality review package. While there are a number of favorably rated preparation programs available, the three listed here report some of the highest pass rates of all CPA review programs.