Its less than a month before I take my third exam (August 8 at 9am - set in stone) and I am six units into the study guide - 14 more to go, and with the schedule I have created, its going to take every free evening I have between now and then to finish...
Its amazing that the IRS expects you to remember specific calculations for the exam that most accountants have tables and software to take care of (I know, I know, how can you know the software isn't wrong if you don't know how to do it yourself? Because after a few years, you can look at it and tell if it looks reasonable just by looking at it!). Come on, its not rocket science and it doesn't have to be to the penny - I was told by an IRS auditor the other day that a difference of $10grand out of $1mil, is close enough. But, I guess maybe they have a point for that 1 in 10,000 accountants who still does tax returns by hand, (yes folks, I have a client that I picked up a couple years ago whose previous preparer did all of her tax returns by hand and the final return itself was handwritten).
I just hope I can make it through the rest of the units and pass this thing the first time... Aug 9 and 10 I have a training class on 2007 tax law for businesses, and that would really mess me up (the exam is based on 2006 law)!
And, as some of you know, I am a guinea pig in a two-year drug study for a weight loss drug in the final phase of testing - the study also includes a lifestyle change component. After studying for the exam in the evening, I have been using the elliptical at work - what started out as 33 minutes of sheer torture has become 33 rather relaxing minutes of increasing resistance and incline while clearing my head from the stresses of the day... I am also putting more thought into what I am eating, though nothing is off limits... 17 lbs down, 87lbs to go...
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