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GottaPassCPA
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Joined: January 04 2009
Location: United States
Online Status: Offline
Posts: 396

Posted: January 12 2009 at 7:31pm \| IP Logged

Hello all,

I wonder if you or anyone you know are in my same situation. I got out of school 4 years ago with accounting background. Worked in accounting for 2 years, opened my business for 2 years. Sold it recently. I am currently unemployed.

Looking at the news about the bad job market, I wonder if I should take this time and study and (hopefully) pass the CPA OR should I look for a job. I do have some savings to live for the next 12-18 months. Please share your thoughts....

Thanks.

minicre
Major Contributor

Joined: July 15 2008
Location: United States
Online Status: Offline
Posts: 504

Posted: January 12 2009 at 8:49pm \| IP Logged

CPA hands down... especially since you have money to support yourself. You can pass the CPA in 6 months if done correctly with the amount of time on your hands.

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GottaPassCPA
Major Contributor

Joined: January 04 2009
Location: United States
Online Status: Offline
Posts: 396

Posted: January 12 2009 at 9:43pm \| IP Logged

Minicre, thanks!!! May I ask what review programs you used?

lelik
Major Contributor

Joined: March 21 2006
Location: United States
Online Status: Offline
Posts: 1374

Posted: January 14 2009 at 2:40pm \| IP Logged

GottaPassCPA, you can do both. :-) I worked full-time and studied for the CPA exam. It wasn't particularly difficult, unless, of course, you have kids who require a lot of time.

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tb7025
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Joined: September 22 2008
Location: United States
Online Status: Offline
Posts: 38

Posted: January 15 2009 at 6:38pm \| IP Logged

I have a toddler and a newborn and passed the exam working fulltime. Just barely passed each test though. I also failed the exam 5 times when it was paper and pencil. Just have to have good time management skills and a good support team!

lelik
Major Contributor

Joined: March 21 2006
Location: United States
Online Status: Offline
Posts: 1374

Posted: January 15 2009 at 11:04pm \| IP Logged

tb7025, wow, how did you do it with the kids? Nanny and/or daycare?

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tb7025
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Newbie

Joined: September 22 2008
Location: United States
Online Status: Offline
Posts: 38

Posted: January 16 2009 at 9:18am \| IP Logged

Hey lelik, my wife and I both work fulltime so the kids had day care 2 days a week and are at my mother-in-laws the other three days. The most credit goes to my wife... I would come home each night, have a quick dinner and then hit the home office for 2-3 hours a night to study while she took care of the kids and cleanup. The big part was going to the library on Saturday and Sunday for the day to study while the kids spent the day with mom.... Finally, I would take Thursday and Friday off and spend the 2 days at the library studying all day before the exam on Saturday!!! Never want to do it again! Talk about having no life!

Working a 9-5 job helps also!

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