How To Pass The CPA Exam: The IPassTheCPAExam.com Guide for International Candidates

CHAPTER 8

How to Overcome the Fearof Task-Based Simulations

Task-based simulations are condensed case studies that test accounting knowledge and skills using real life work-related situations.

—CPA Exam Candidate Bulletin

In Financial Accounting and Reporting (FAR), Audit and Attestation (AUD), and Regulation (REG), the questions are presented in two formats: multiple-choice questions and task-based simulations, or TBS.

TBS is created to replace the long questions that existed in the pen-and-paper exam format prior to 2005. For each TBS, candidates have access to the authoritative literature, a calculator, spreadsheets, and other resources and tools, which they can use to demonstrate proficiency in applying the body of knowledge. There are seven TBS in FAR and AUD, and six TBS in REG. There are no TBS in Business Environment and Concepts (BEC).

TBS can never be “learned” because they can appear in many formats. Candidates should, however, try their best to get prepared because TBS represent 40 percent of the total score for FAR, AUD, and REG.

Study Tips

TBS can appear in any format in the actual exam. Instead of memorizing the simulation questions in your test prep software, you should focus on the following:

• Get familiar with the buttons and tools on the computer screen.
• Practice using the search function to look up the authoritative literature.
• Learn how to think on your feet and apply the relevant concepts.

Practice in a Simulated Testing Environment

At the very least, get ...