Should I do two CPA subjects at once? (and what CPA subject goes best with Financial Reporting?)

Integration combined apple orange_000004876605_LargeNo, especially if you have failed one subject, and think by taking two subjects you will ‘catch up’. You probably won’t. You will probably be incredibly stressed and may just fail more subjects.

No, especially if you are doing Financial Reporting (FR) or Australia Taxation – Advanced (ATA).

No, especially if you are working full time or have family commitments.

We really do not recommend this for most candidates.

High study workloads coupled with hard subject combinations often lead to poor results.

Is it ever a good idea?

Yes, if you have good undergraduate knowledge (you remember your studies) and you performed well at undergraduate level, and you have enough time available, and you are very organised and diligent.

No, if you are not organised, can’t study effectively by yourself, if you are working full time, if you have family commitments, or you would like to enjoy your life.

We know people will enrol in two subjects anyway – so if you are going to try it, here are some tips to provide greater chances of success and to protect your sanity.

  • Avoid Financial Reporting with another subject – it is also very long, very difficult, and requires significant effort.
  • Avoid Australia Taxation – Advanced with another subject as there is a significant volume of study material (learn more about this subject in this blog), especially if it has been some time since you completed taxation at university level.
  • If you are working full time, you will find it very difficult to do two subjects well unless you are extremely disciplined.

Strategic Management Accounting goes well with Ethics & Governance, or Contemporary Business Issues or Financial Risk Management. If you are really disciplined and organised, then you may consider Financial Reporting and Advanced Audit and Assurance together.

Try to ensure that you have allowed yourself sufficient time between exam dates (perhaps schedule one exam at the start of the exam week and the other exam at the end). You will need to be disciplined with your study technique to ensure that you are allocated an adequate amount of study time to both subjects.

Regards,
Courtney

April 29, 2024