Everyone fails: Here’s how to bounce back

Everyone fails: Here’s how to bounce back

Epic fail. We’ve all been there — set out to do something great, only to come up a little short of our expectations. But that’s when the real test happens. Do we choose to throw in the towel or do we push through and use our experience with failure as motivation?

Author J.K. Rowling, who experienced some disappointments before publishing her first blockbuster Harry Potter novel, said that “it is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all, in which case, you fail by default.”

If you’re preparing to take the CPA exam, you may be wondering about the possibility of failure. Did you know a significant number of successful CPAs don’t actually pass the exam the first time around? In fact, an average of 50% of test takers fail at least one section. The average candidate sits six to seven times before passing all four sections. So, if you’ve had a setback in one or more parts of the exam — or are worried that you might — don’t stress. You’re not alone.

 

Having a support network throughout your exam journey is key. You can enhance your chances of passing the exam by surrounding yourself with these three types of people who can be critical to your success.

  1. The cheerleader

Who’s your biggest cheerleader? We all know people who are always there to offer support and show enthusiasm, even if you’ve experienced failure. Your cheerleader can make you feel better when you’re unsure of yourself and need a boost. They can get you laughing and believing in yourself again, raising your spirits so you’re ready to get back to the books. That’s a good start, but to stay on course, you’re also going to need a couple more people in your corner.

  1. The coach

Failure is not an endpoint for the coach. Many of us consider giving up in the face of defeat, but the coach won’t let you do it. If you blow an exam section or doubt you can ever study enough, the coach tells you what you need to hear, but not always what you want to hear. And they’ll help you identify your shortcomings and offer solutions. They’ll also motivate you to keep going, even when giving up sounds like the only option. Consider asking someone who has already passed the CPA Exam, someone who’s been in your shoes, to be your coach. They’ll be able to offer insights based on their experience, which could help you optimize your exam strategy for success.

  1. The study buddy

Unlike most of the people in your life right now, the study buddy knows exactly what it feels like to be you. They have the same goal — passing the CPA exam — and they understand how much work it takes to get there. They’re juggling a demanding schedule and study requirements and going through the same emotional ups and downs. They’re uniquely suited to sympathize, share tips and experiences, and help you keep your eyes on the prize. This person, or people, may be easier to find than you think. Look around your firm for colleagues who are studying for the exam, too. Offer to be their partner for a mutually beneficial relationship.

The CPA designation commands tremendous respect throughout the business world because of the rigor of the exam and the education and commitment necessary to pass it. If you have a cheerleader, coach and study buddy in your life, your road to passing the exam will be much smoother. You probably already know people who fit these roles, so be sure to take full advantage of their contributions. Ask them to be in your corner during your journey toward exam success.

Along with your personal support network, there are a ton of other resources to aid you along the way. The CPA Exam Blueprints outline all content that may be tested in each exam section. The Blueprints break down score weighting of each item type and provide skill levels at which tasks are tested. Keep in mind the CPA Culture of Support Toolkit also offers a wealth of resources to help prospective CPAs achieve success.

Source/Reference: http://blog.aicpa.org/2018/04/everyone-fails-heres-how-to-bounce-back.html#sthash.On45oO6N.dpbs

Kari Hipsak, CPA, CGMA, Manager, Firm Services – the Association of International Certified Professional Accountants

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General Terms and Conditions

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Last updated: February 6, 2021

Please read these Terms and Conditions (“Terms”, “Terms and Conditions”) carefully before using the https://cpaexamcoach.com website and any of its mobile applications (the “Services”) operated by Mabstac, LLC (“Mabstac”, “us”, “we”, or “our”). Your access to and use of the Service(s) is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Services. By accessing or using the Services you agree to be bound by these Terms. If you disagree with any part of the terms, then you may not access the Services.

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Where access to the Services has or will be provided to you through your institution or school’s (“Institution’s”) online learning management system using a ‘single sign on’ (SSO), then in accessing this Services you consent to Mabstac:

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  2. disclosing personal information to your Institution directly relevant to your use of the Services, such as results of assessments set by instructors and other analytics regarding your access to the Services.

Miscellaneous

We make no representation that the Services are appropriate or available for use in your location, and accessing them from locations where their contents are illegal is prohibited. If you choose to access this site from any such locations, you do so on your own initiative and are responsible for compliance with local laws. These Terms of Service represent the entire agreement between us and supersedes any proposals or prior agreements, oral or written, and any other communication between us relating to the subject matter of these Terms of Service. We reserve the right, at our discretion, to update or revise these Terms of Service. Please check the Terms of Service periodically for changes. Your continued use of the Services following the posting of any changes to the Terms of Service constitutes acceptance of those changes. Please note that by using the Services, you agree that you are entering into a legally binding agreement (even if you are using the Services on behalf of a company). You acknowledge that you have read these Terms of Service, and agree to be bound by its terms and conditions. The laws of the country set forth below shall apply according to your country of residence, without regard to conflicts of law rules. The corresponding jurisdiction shall be the forum for adjudication of all disputes arising in connection with this agreement:

For the United States and all countries not expressly stated, the applicable law will be Commonwealth of Virginia, and the agreed jurisdiction will be Fairfax, Virginia.

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