Each section is graded on a scale from 0 to 99, with a passing score of 75. However, the CPA Exam is not scored like a traditional school test, where a percentage of correct answers determines the final score. Instead, the AICPA uses a weighted scoring system that considers the difficulty...
What is a Certified Public Accountant (CPA)? CPA stands for certified public accountant. It’s a credential an accounting professional can earn to demonstrate expertise in their field. Becoming a CPA requires passing an exam and fulfilling several education and experience requirements. Internationally,...
The scores can only be viewed on your NASBA account within the current testing window; an expiration date will be indicated. Printing your score is highly recommended. If you have not achieved the passing score and want to retake a section, it usually takes up to five days from the score...
How long does it take to become a CMA? What is a CMA in accounting? What is a CMA designation? What is a CMA license?
Mastering CPA Exam testlets is an essential step toward passing this rigorous certification process. By understanding the structure and scoring of MCQ, TBS, and written communication testlets, you can develop strategies to maximize your performance. ...
To pass, a candidate needs to meet the minimum passing score (MPS), which is never given and varies year to year, which can make it difficult to interpret the results of your CFA exam. Candidates will receive an indicator of the score range for each topic area instead (<50%, 51–70%...
It is anticipated that the model rule under the Uniform Accountancy Act, could be available in final form by early 2023. Such a rule, if adopted by a Board of Accountancy, would shift the start date of the 18-month credit period to the date a passing score was released by NASBA to ...
What is a HELOC? A HELOC (home equity line of credit) is a revolving form of credit with a variable interest rate, similar to a credit card. The line of credit is tied to the equity in your home. It allows you to borrow and repay funds on an as-needed basis during a specified pe...
Grace period:When a CD’s term ends, the grace period is a window of time during which you can either withdraw the money or roll it into a new CD. Often, banks provide a grace period between five and 10 days. If you make no changes during the grace period, most banks will automatic...
The Certified Public Accountant (CPA) is a professional designation given to qualified accountants. To become a CPA, you must pass a rigorous exam, known as the Uniform CPA Exam. Certified Public Accountants must meet education, work, and examination requirements—including holding a bachelor’s de...