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If you are in the market to purchase a CPA exam review course but are worried because the 2012 materials are not out yet, there are options you should be aware of.  Many of the review course providers have options for you to ensure you don’t miss out on the 2012 update.

Yeager – The Yaeger option is called the “Now and Then Plan.”  To qualify, you have to purchase all 4 parts.  You have 2 choices – you can either elect to take delivery of 1 part or 2 parts now.  The other 2 or 3 parts will be delivered in late December or early January when the 2012 update is released.   You only pay for the parts when they are delivered to you.  So, if you elect to take 1 part now, you only pay for 1 part.  You pay for the other 3 when they are delivered in December or January.

If you want to get one more part of the exam in this year, this is a great option.  Best of all, any discount codes still apply (the code scoresfull gets you $200 off).

Roger – Following Yaeger’s example, Roger is offering split shipments on its review materials.  When you check out, you simply click on which part(s) you want to receive in 2011 and which parts you want to receive when the 2012 update is complete.  Unlike Yaeger; however, it appears you need to pay for all 4 parts now rather than paying for the 2012 parts when you receive them.

Becker – Similar to Roger, Becker offers split shipments so you can order all 4 parts now to qualify for the 4 part discount, but you can choose which part(s) you want to receive for 2011.  Like Roger, you have to pay the full amount now.

CPAExcel – CPAExcel is unique in that it offers free online updates of its materials to all of its students.  If you have DVD’s, a USB or printed books, these updates are still delivered online – not through physical products.

Bisk – Bisk has no official program for updates.  Many students report that Bisk sends free electronic updates via PDF file.

Lambers – Lambers offers free software and video updates for one year.  Text books and flash cards do not qualify for free updates

Kaplan – Kaplan offers free content updates for 2 years, but these are PDF updates only, not updates to the videos.

Reviewed and Updated January 15, 2012

Gleim CPA review provides many types of test preparation courses for various accounting and aviation certifications.  For the CPA exam, Gleim is commonly used for supplemental multiple choice questions (MCQs).  The company offers several different types of study materials for sale.

Audio Lecture CD’s – Gleim sells audio lectures on CD.  Each part of the CPA exam has 10 hours of lectures.  These lectures come on either 8 or 9 CDs depending on which part you are studying.  For all 4 parts, there are 34 CD’s in total.  These cost $90 per part or $360 for all 4 parts.

MCQ Software – The MCQ practice software is downloaded from the Gleim website.  It includes performance tracking so you know how well you are doing on the different exam topics and allows you to take simulated exams.  The software has over 8,000 MCQs.

• AUD – 2,000 MCQs
• BEC – 2,200 MCQs
• FAR – 2,100 MCQs
• REG – 2,500 MCQs

It costs $55 per part, or $220 for all 4 parts.

Simulation Wizard – This includes 20 simulations per part of the exam (or 20 essay questions for BEC).  These are accessed entirely online so you need an internet connection to use it.  It costs $90 per part or $360 for all 4 parts.

Online Review – This includes 18 months of online access to audiovisual presentations, true/false study questions, study outlines, multiple choice quizzes, and 1 task based simulation per part.  It costs $170 per part or $680 for all 4 parts.

Full Review – As part of the full review package, Gleim includes textbooks, MCQ software, audio lecture CD’s, simulation wizard access and access to a personal counselor.

  Price – $275 per part / $990 for all 4 parts

The Good

1. Price – At $990 for the full review for all 4 parts, it is the cheapest of any of the review courses.

2. Lots of MCQs – There are over 2,000 MCQs per part (8,000 in total).  This is well above every other review course.  The next-closest is CPAExcel with 6,000 MCQs.

3. Listen On The Go – The audio CD lectures can be listened to in your car, so you can get some study time in while commuting.

4. Windows Mobile Access – If you buy one or more sections of the full review, you get access to the MCQs on your Windows Mobile device.  This is nice for studying in places where you may not have your computer or books.

5. Free Mobile App – Gleim offers a free mobile app that includes a 40 question multiple choice test for each part (160 question total for all 4 parts).  It has a timer to simulate exam conditions and allows you to review correct and incorrect answers.

The Bad

1. Not A True Guided Review – Gleim only has 10 hours of lectures per part, or 40 hours in total for all 4 parts of the exam on the audio CD’s.  The other guided review courses (except Bisk) have 100 or more hours of lectures.

2. Difficulty – Gleim MCQs are notoriously difficult.  Many people who use Gleim in addition to another review course report they consistently get lower scores on the Gleim MCQs than on their other review course.  Keep this in mind if you use the Gleim materials.

3. No Ability To Ask Questions – There is no ability to contact instructors or get help with parts of the exam.  In the full review, you have access to a personal counselor, but this is more like a college adviser than an instructor.  The counselor can help you devise a study plan and offer motivation, but he or she is not an expert in the content of the exam.  If you have a question on pension accounting, you will have to look elsewhere.

4. No Pass Rates – Gleim does not publish the passing rates of its students.  It may be because this is difficult to track since Gleim has less interaction with its students than some of the more hands-on review courses or it may be because it is a low passing rate.  Whatever the case may be, it makes it difficult to determine how effective the materials are without actually using them to prepare for the exam, and then it may be too late.

5. MCQ Software Not Mac Compatible – Unfortunately, if you have a Mac, you cannot use the MCQ software.

The Bottom Line

In my opinion, Gleim is not robust enough to use if you are looking for a guided review course.  If you already know the exam topics well or are already using another review course, the Gleim MCQ software makes a good supplement if you need it.  I would definitely recommend signing up for the free mobile app to get a little extra studying in while you are on the go.

If you are looking for a guided review course that will give you a better chance to pass the exam, Yaeger is the best choice, in my opinion.  Check out my Yaeger review here.

Reviewed and Updated January 15, 2012

CPA Review For Free has gained a lot of popularity among CPA exam candidates because, just like the name says, it is free.  The site offers 2,200 multiple choice questions (MCQs) for free once you register.  They can offer this service at no charge because they show you ads and offer you premium content you can buy if you choose.

The premium content they offer consists of “essential content,” “points to pass ™,” and PDF downloads of the MCQs.

Essential Content – This is an online subscription to additional study materials.  It includes slides written in outline format, a study guide, and 10 simulations.  The Essential Content costs $15 per part for 1 month of access ($60 for all 4 parts), $30 per part for 3 months of access ($120 for all 4 parts), or $39 per part for the ability to print the materials ($156 for all 4 parts).

Points To Pass™ – This is online access to “algorithmically generated questions.”  The facts of the question change each time it is presented to you so you can test yourself over the same general question unlimited times with different facts and answers each time.  This eliminates memorizing the questions and answers since they change each time.  FAR is the only section this is available for and the cost is $30 for 1 month and $90 for 3 months.

PDF Downloads – This option allows you to print all of the MCQs and answers so that you can have printed copies to take with you for times when you do not have access to the internet.  The cost is $30 per part or $100 for all 4 parts.

The Good

1. Free – You can’t beat the price.

The Bad

1. Difficulty – The questions are hard.  Most CPA exam candidates say the CPA Review For Free questions are much harder than those from other review courses.

2. Not A Full Review – It is important to note, that despite the name, CPA Review For Free is not a full review course.  It consists of MCQs only.  Even if you purchase the supplemental material, you are not getting videos, so it is really not comparable to other review courses.

The Bottom Line

CPA Reveiw For Free is definitely worth signing up for if you would like supplemental MCQs from a source other than your primary review course.  Keep in mind that the MCQs are typically harder than what you see in other courses and what you are likely to see on the CPA exam.  Do not let lower scores on the free questions kill your confidence.  Rather, understand that the MCQs are supplements to help you learn the material in a different way.  Unless you feel that you understand the material very well, I would not use CPA Review For Free as your primary study aid.

Reviewed and Updated January 15, 2012

Kaplan CPA Review is best known in CPA circles for creating a new CPA exam review course, then getting out of the market.  Over the past 10 to 20 years, Kaplan has started and then stopped its review course several times.  In their current iteration, Kaplan offers 2 versions – the live online course and the self-study course.

Live Online – The live online course includes online access to lectures, textbooks, multiple choice question and simulation software, the ability to contact instructors through email, online access to additional supplemental study videos, a study calendar, mp3 audio study supplements, and flashcards.  The live online course follows a set schedule. You will need to check to see if the schedule matches up with when you plan to take the exam.

Self-Study – The self-study course offers all of the materials included in the live version, except that the lectures are provided on video CD.  The self-study course does not follow a set schedule, so this is obviously the choice for you if the live schedule does not line up with when you plan to take each part of the exam.

Price – $399 for 1 part / $749 for 2 parts / $1,099 for 3 parts / $1,399 for 4 parts (self study and live online are priced the same)

The Good

1. Lots of Study Materials – Kaplan includes a lot of things the other review course do not provide or charge extra for.  Flashcards, mp3 audios and supplemental study videos are all included at no extra charge.

2. Price – At $1,399 for all 4 parts or $399 for 1 part, Kaplan is cheaper than all of the other guided review courses.

3. Expiration Date – Like many review courses, Kaplan has an expiration date, but it is a fairly generous 24 months.  This should be plenty of time for you to study for and pass the exam.

The Bad

1. Pass Rate – Kaplan does not publish their students’ pass rate, but Roger CPA reports that the pass rate for Kaplan students is only 69%.  This is far lower than any of the published passing rates of the other review courses.

2. Lack of Practice Questions – Kaplan only has 2,000 multiple choice questions and simulations combined.  This is less than half of the 4,000 or more combined MCQs and simulations the other guided review courses have.  The lack of practice questions means you will likely not get enough practice on the key concepts you will be tested over and you may have to purchase supplemental MCQs from another review course.  This would raise your cost of review materials beyond Kaplan’s low initial price.

3. Lack of Responsiveness to Questions – Students only have access to instructors through email and several complain that answers do not come back from instructors for several days.

4. Lecture Format – The lectures are delivered with a small video of the instructor’s face in the top left corner and a PowerPoint slide taking up most of the space.  Many students find these lectures to be hard to stay interested in.

5. Continued Support – Will Kaplan do as it has done several times in the past and discontinue its CPA exam review course?  It is hard to say, but it is a risk to keep in mind before you make a purchase.

6. No Mobile Access – You cannot access the materials on your iPhone, iPad or other mobile device.

The Bottom Line

There are not a lot of downsides to the Kaplan review course, but in my opinion, those negatives are significant.  Be sure to watch the Kaplan demo videos before purchasing.

The pricing is the main advantage Kaplan has going for it.  If the price outweighs the negatives for you and you feel you will not need to purchase additional review materials to supplement, Kaplan may be a good choice for you.

If you will need to purchase supplemental MCQs from another review course, your cost will go up to be comparable with Yaeger.  In my opinion, Yaeger offers the best value for your money – giving you the best chance to pass the exam at a price that is not much higher than Kaplan.

Reviewed and Updated January 15, 2012

Lambers has been providing test preparation courses for more than 40 years. It provides review courses for various accounting and finance exams, including the CPA exam. The Lambers CPA review course is entirely self-study, meaning there is no live or online class that follows a set schedule. You study at your own pace using the Lambers materials.

Unlike many of the other review courses, Lambers offers its materials on an individual basis. Depending on your perspective, this may be a good or bad thing. Lambers sells audio lectures, video lectures, flashcards, iPod courses, test prep software and textbooks. You select which materials you would like and purchase each of them. There is no overall bundle or package of materials you can purchase.

Audio Lectures – The audio lectures are delivered on CD and include electronic versions of the textbooks. You can either listen to the lectures directly from the CD or download them to your mp3 player. The CD’s cost $200 per part or $800 for all 4 parts.

Video Lectures – The video lectures are delivered on DVD’s that can only be watched on your computer. The DVD’s also include electronic versions of the textbooks and electronic versions of the instructor notes. The videos cost $300 per part or $1,200 for all 4 parts.

Flaschcards – The flashcards are delivered electronically. You can either study the flashcards on your computer or you can print them out to review them the way you would normally use flashcards. The flashcards cost $125 per part or $500 for all 4 parts.

iPod Courses – The iPod courses are the same as the DVD video lectures except you can load them onto your iPod or mp4 video player. They come with the electronic textbooks and electronic instructor notes. The iPod courses cost the same as the DVD videos – $300 per part or $1,200 for all 4 parts.

Test Prep Software - The test prep software is delivered on CD and includes multiple choice questions, simulations, and electronic versions of the textbooks. The software tracks your progress and focuses your study time on your weak areas. The software costs $150 per part or $600 for all 4 parts.

Textbooks – The textbooks you can purchase separately are the printed textbooks. Actually, you get a 3-ring binder with the printed text inside, so it is technically not a book. With each of the other options above, you get electronic versions of the textbooks. The only reasons to buy the textbooks are if you really want a physical copy or if you are not buying any of the other Lambers materials. The textbooks cost $50 per part or $200 for all 4 parts.

To get comparable materials to the other review courses, you would have to buy the DVD’s or iPod courses and the software. All of the other major review courses also include textbooks, so if you wanted to be truly comparable, you would also have to buy the physical textbooks, but for the pricing below, I will assume you are okay with just using the electric text included with the videos.

Price of videos and software – $450 per part / $1,800 for all 4 parts

The Good

1. Flexibility – Lambers offers you the ability to buy materials individually so you are not stuck paying for materials you may not want or use.

2. Per Part Price – If you are buying only one or two parts, Lambers is your second cheapest option for a guided self-study course behind Kaplan.

3. iPod Courses – The ability to install your videos on your iPod or other mp4 player allows you to study in places were you may not be able to bring your laptop.

4. Lecture Hours – In total, the videos include 132 hours of lectures, which is second only to Yaeger for the most lecture time included in a course.

The Bad

1. Limited Number of Questions – The test prep software includes only 3,850 multiple choice questions (“MCQs”) and simulations combined. The other major review courses have well over 4,000 combined MCQs and simulations.

2. 4 Part Price – The price of buying review materials for all 4 parts will cost you $1,800 if you are trying to get materials comparable to the other major review courses. This is higher than all but Bisk and Becker.

3. No Books – You have to buy the textbooks separately or print them yourself if you want a physical copy. Many people, including me, appreciate the ability to get away from the computer to study and work questions. With Lambers, this costs extra.

4. No Published Pass Rate – Most of the other courses either publish a pass rate or address why they do not. Lambers does neither, which does not inspire a lot of confidence in the effectiveness of their courses.

5. No Ability to Contact Instructors – Yaeger is obviously the cream of the crop since students can call them up and talk live on the phone with the instructors, but the other review courses at least offer email or internet forums as a way to get help from instructors. Lambers does not offer any of these, so you are left on your own if you are having trouble with a particular topic.

The Bottom Line

Lambers has a few positive aspects, but has more significant downsides. If the ability to load your video lectures onto your iPod appeals to you or if you are price conscious and only buying materials to study for one or two parts, Lambers may be the course for you. If not, you are better suited with one of the other review courses. In general, I recommend Yaeger as the best course.

Reviewed and Updated January 15, 2012

Roger Philipp is generally known as the most energetic and entertaining CPA exam review course instructor. Those that need Roger’s high energy to keep them interested in the material swear by his videos. Roger CPA review uses lots of memorization and mnemonics if you like that sort of thing.

The class is offered in 3 formats.

1. Live. There are limited locations for attending the live classes. Most are in California.

Price – $595-$695 per part / $2,095 for all 4 parts

2. Online. Online access to video lectures, textbooks written by Roger Phillipp, Wiley homework books, Wiley exam review software, and access to the Roger CPA staff and teacher’s assistants. Each video can be watched 3 times. If you want to watch the videos a 4th time, you have to contact customer support and have them reset the counter so that you get another 3 viewings.

Price – $595-$695 per part / $1,695 for all 4 parts

3. USB. The USB includes all of the items from the online review, except it is delivered on a USB drive instead of online. The USB software can be installed on up to two computers. With the USB, you get 12 months of access to the review materials.

Price – $595-$695 per part / $2,095 for all 4 parts

The Good

1. Energy and Enthusiasm – Roger is widely regarded as the most energetic and enthusiastic of all the CPA exam review course instructors. Some students enjoy his energy and insist it helps keep their interest.

2. Efficiency - Roger does not cover the material as in depth as other courses. He focuses on subjects he thinks will be heavily tested on the exam based on his experience. Some students prefer this approach.

3. Audit – His audit course is generally considered the best of all the review courses.

4. Online Access – If you sign up for the online version (not available with the USB option), you can watch the videos anytime you have an internet connection, even on your iPhone, iPad or other mobile device.

5. High Pass Rate – Roger students have an 86% pass rate. This is high, but not as high as Yaeger’s 88%.

The Bad

1. Sequence of Review – Lectures do not follow the Wiley books, so students often feel they are moving randomly from subject to subject.

2. Lack of Depth – Does not cover the material as in depth as other courses. Roger calls this “cutting the fat.” Some students feel this is a weakness because if certain subjects are tested, they will not be well-prepared.

3. Lecture Style – With all that energy and enthusiasm, some students feel he speaks too quickly, especially when it comes to some of the more complicated topics. Roger also likes to joke around while lecturing. Some students feel this is distracting and the jokes are sometimes offensive.

4. Access - If you are doing the self study, you cannot get live access to the Roger. You have to post your message on a message board and wait for a response. You can call or live chat with Roger’s staff or teacher’s assistants.

5. Extra Fees – If you take the live classes, you have to pay $10 to make up a session. You do not get access to the videos. There is a $50 admin fee you have to pay when you sign up. There is also a $50 per part re-enrollment fee if you elect to use your “unconditional repeat” option.

6. Limited Use – Your online access expires after 9 months. You can elect to use your “unconditional repeat” option anytime after the first 5 months and that will get you an additional 9 months of access (18 months total). As noted above, this does come with an additional $50 per part re-enrollment fee. Your USB access expires after 12 months. At the time you make your original USB course purchase, you can purchase an additional 6 months for $200. If you elect to extend your USB access at some point after your original purchase, it will cost you $300.

7. Textbooks – Some students feel his review textbooks read like essays. The material is not presented in an easy-to-understand format and as noted in #1 above, is out of sequence with the Wiley homework books.

8. Technology Hassles – You can watch each online lecture 3 times and each USB lecture 5 times before that lecture becomes locked. You have to call Roger to get them reset if you want to watch a lecture more than 3 or 5 times, depending on the course you chose. If you buy the USB course and you want to install it on more than 1 computer, you have to call Roger to get them to tell you how to install it on a second computer.

The Bottom Line

Roger is a good course that is the right choice for you if you like his entertaining style, his emphasis on mnemonics, and his choice to skip over certain material in order to gain efficiency. Roger is also fairly priced. If you are looking for a more in depth review and are more concerned with learning the material than being entertained, Yaeger is a better choice that has a higher pass rate.

Reviewed and Updated January 15, 2012

Bisk is the second largest CPA exam review course provider behind Becker. It is also the second most expensive. Bisk CPA review chooses not to report a pass rate for its students due to the inherent difficulties in getting an accurate number.

Bisk offers two main self-study options – online and classic. It also offers limited live classes in certain cities. In addition, Bisk sells a dizzying array of additional products for preparing for the exam.

1. Online Review – The online review is handled like a live class, but is delivered online. This means you need to sign up during the enrollment periods and study according to the schedule set forth by the instructors. The online review includes online access to streaming video lectures, study guides, textbooks, multiple choice questions, and support forums. It is all online – you will not receive any physical products (e.g. no CD’s or books).

2. Classic Review – The classic review can be done at your own pace. There is not a set schedule or class to follow. This option includes several CD’s that will be mailed to you. The CD’s are for your computer and include electronic versions of the textbooks, multiple choice questions, video lectures and weekly assignment notebooks.

Price – $525 per part / $1,980 for all 4 parts (Online and Classic review have the same price)

3. Optional Products:

Software – You can buy the multiple choice question and simulation software separately if you do not want to purchase the entire review course. The software also includes electronic versions of the textbooks. This costs $640 for all 4 parts or $160 per part.

Texbooks – You can buy textbooks for $199.80 for all 4 or $49.95 each if you want a physical book. Only the electronic versions are included in the Online and Classic reviews.

Audio – Bisk offers audio only CD’s for $519.80 for all 4 parts or $129.95 each. These audios allow you to listen to lectures in the car or put them on your MP3 player. They include 40 hours of lectures in the complete set of all 4 parts.

Video – Bisk offers DVD videos for a huge range of specific topics, but not for the core review course lectures. These are called “Hot Spots” and are meant to be in depth reviews of specific topics (e.g. pension accounting). If you are having trouble in a specific area, you can buy the Hot Spot for that topic to get more instruction. These videos range in price from $99 to $799.

The Good

1. Bob Monette – Bob Monette is the lead instructor for Bisk and he gets rave reviews. Most students enjoy his lectures and are able to understand and retain the information he goes over. He does not do all the lectures, though, so many students report that the lectures the other instructors handle are very painful and difficult to get through.

2. Custom Exams – The Bisk software has a wide variety of custom exam options that allow you to focus on your weak areas. This can be done manually or you can use the software’s recommendation for a customized exam based on your past results.

3. Practice Exams – Many students have found that the practice exams are a good indicator of what they are likely to score on the actual CPA exam.

4. Discounts – Many students have reported success at calling Bisk and asking for discounts rather than paying the price on the web site.

5. Hot Spots – Even though these cost extra and are not part of the review courses, the Hot Spot videos are widely regarded as very helpful study tools. If you are having particular difficulty in an area covered by one of the Hot Spots, it may be worth considering purchasing that video.

The Bad

1. Multiple Choice Explanations – Many people complain the explanations to questions are thin so it is difficult to understand why an answer is correct or incorrect. Multiple choice questions are the core part of the CPA exam, so relying on thin explanations for why an answer is right or wrong puts you at a significant disadvantage when taking the exam.

2. REG – REG is generally considered to be poorly covered by Bisk. Many REG topics are tested heavily on the exam, but are glossed over by the Bisk materials and lectures.

3. Textbooks – Many students feel the textbooks make concepts difficult to understand. The Wiley books generally do a better job of explaining the concepts so they are easily understood and remembered. In addition, only the electronic versions of the textbooks are included. If you want printed copies, you will need to buy them separately.

4. Lack of Options – There is no USB option and the lectures are not available on DVD. You either have to watch the lectures while you are connected to the internet or on the CD’s provided for your computer. You will not have the option of watching lectures on your DVD player.

5. Software – Some students complain the testing software is slow and that you cannot split the screen when studying simulations, so you have to switch from screen to screen. Some students also reported problems using the software on Microsoft Vista.

6. Lecturers – Aside from Bob Monette mentioned above, many students say the other lecturers talk too fast and rush through a lot of the material. This makes some of the topics difficult to understand.

7. Slow to Change – In the past, Bisk seems to have changed its material more slowly than other review courses in response to changes in the exam.

8. No Mobile Access – You cannot access the Bisk materials from your iPhone, iPad or other mobile device.

The Bottom Line

Bisk has some good features, but also has some significant drawbacks. In my opinion, it is too expensive given that the negative items can have such a big impact on your preparation for the exam. Yaeger is generally a better choice, especially if you want to get an in-depth understanding of the material and are looking to get the most for your money (see my Yeager review here).

The Bisk Hot Spots are very good supplements you should look into if you are having difficulty with a particular topic.

Reviewed & Updated January 15, 2012

Becker is perhaps the most well-known CPA exam review course. Becker CPA review has representatives on most college campuses, and if you are a member of Beta Alpha Psi, you have likely heard from them or seen their presentations.

Becker offers review courses in 3 formats. All of the courses come with the same review materials – the Becker textbooks, Passmaster software for practice questions and simulation and exam software to replicate taking the CPA exam. Flashcards cost extra. The difference in the 3 formats is the manner in which the instructor lectures are delivered and how strict the course schedule is.

1. Live Classes – These are live, in-person classes, usually held at a college. They have a rigorous structure and schedule. Becker instructors go over the review materials in a very similar fashion to most college courses.

Homework assignments are also given. Students who choose the live classes must attend 100% of the classes and complete the assignments if they want to get continuing updates if they do not pass the exam on the first try. Check
this link to see if live classes are offered in your area.

2. Online Classes – This course has weekly online classes where you can watch the instructor-led lectures. Students can ask questions of the instructor and classmates online. Check this schedule to find out if there is an online session that fits your schedule.

3. Self-Study CD – The CD has the instructor lectures and you study at your own pace. There are no assignments given and no set schedule to follow.

Price – $1,050 per part / $3,245 for all 4 parts
(Prices above include $95 registration fee; All 3 review formats have the same price)

The Good

1. Structure – Live and online classes have a very structured format. They are good for those who need to have a rigid schedule.

2. Discounts – If you work for the Big 4 or certain large corporations, Becker is often paid for or heavily discounted. Smaller discounts are offered if you are a member of your state CPA society.

3. Interaction – Live classes give students the opportunity to interact with other students and ask instructors face-to-face questions.

4. Materials – The lectures and textbooks are good primary study materials.

5. Endorsements – Becker is endorsed by the Big 4.

6. Flexibility – You can install the course on up to 3 computers.

7. Volume Discount – You get 1 section free if you buy 4 parts.

8. Mac Support – Mac users can purchase a version of the software specifically designed for the Mac (not just Mac compatible).

The Bad

1. Price – If it is not paid for by your employer, Becker is the highest priced of all the review courses.

2. Practice Questions – Many find that using the Becker lectures and textbooks are good primary study materials, but they need to be supplemented with Gleim or Wiley practice questions. Passmaster questions included with the Becker course are generally considered not as effective as Gleim or Wiley.

3. Poor Customer Service – Customer service is almost universally regarded as terrible. The guarantee states that if you attend all the lectures and get 90% on the homework, you can purchase new year materials at a discounted price if you do not pass. It has been very difficult for customers to qualify and get new materials at a discounted price.

4. Lack of Details – High level information is good, but details are lacking in a lot of areas.

5. Cram Course – The final review is not considered to be as good as Bisk.

6. Extra Fees - You get nickel-and-dimed with extra fees when material changes.

7. “Live” in Some Cases Isn’t – In some “live” locations, instructors just play the lecture DVD’s.

8. Location – Live classes may not be offered your area.

The Bottom Line

Becker is the only choice if you are looking for a live class unless you are lucky enough to have a regional course taught in your area that gives you another option. If your employer pays for it, Becker is a good choice.

Based on the statistics, Yaeger offers you the best chance to pass. If you are going to self-study and you are paying for it yourself, Yaeger gives you the most for your money.

Reviewed and updated January 15, 2012

CPAExcel is an experienced provider of CPA exam review courses. One of the major differences between CPAexcel and the other review courses is CPAexcel offers their study materials in “bite sized” modules rather than longer chapters or video segments.

CPAexcel offers 6 main options for study.

1. Online Self Study – This includes online study text, online exam questions, online flash cards, online discussion group membership, and online final review that helps you with last minute study before the exam.

The “online self study” does not include any printed materials, video, or audio guidance. The materials and questions are all online in an electronic format.

Price – $265 per part / $795 for all 4 parts

2. Text Self Study – This course includes everything in the “online self study” and adds in printed textbooks. The texts are developed by CPAexcel.

Price – $310 per part / $930 for all 4 parts

3. Online Video Self Study – This course includes everything in the “online self study” and adds in streaming online video of professors and online access to their slides. It does not include any printed study materials.

Price – $445 per part / $1,335 for all 4 parts

4. Video Self Study – This course includes everything in the “text self study” and adds in streaming online video of professors teaching the course material, the same videos on CD-ROM (not DVD), and access to the slides the professors use.

Price – $490 per part / $1,470 for all 4 parts

5. Online Professor Guided – This course includes everything in the “text self study” and adds professor guidance. This guidance is all online, and text only. It is through email, graded assignments and discussion forums, not audio or video.

During this course, the professors assign work to the students. The students have 3 days to complete each assignment. Students can send questions to professors and receive answers throughout the course period.

Price – $400 per part / $1,195 for all 4 parts

6. Video Professor Guided – This course includes everything in the “video self study” and the “online professor guided” courses.

Price – $580 per part / $1,690 for all 4 parts

The Good

1. Discount - There is a 20% discount on all purchases if you are a college student.

2. Unlimited Updates – CPAexcel offers unlimited updates to the course materials. If you do not pass as quickly as you want, you can still get updated materials without paying extra. Other CPA exam review courses have expiration dates after which you need to pay to get updates. You do have to pay for shipping costs if you order updates, though.

3. Good Pass Rate – The 87% pass rate is about double the national average pass rate, but is lower than some of the other review courses. CPAexcel makes a big deal on their website about how other review services calculate pass rates, but in my conversations with other course providers, they all calculate pass rates based on surveys of students, the same as CPAexcel does.

4. Combined Scores – CPAexcel synchronizes your scores on practice questions and exams on the downloaded and online versions of the software. This means that if you answer practice questions both online and offline, CPAexcel will combine your performance when you go back online. This is a handy feature some of the other review courses do not offer.

5. Special Bonuses – If you purchase all 4 parts, you can choose from either free e-books or a free USB course and flash cards.

The Bad

1. Limited Access To Instructors – Access to the professors is online only and not live or real-time.

2. Inefficient Options – In my opinion, the “online self study” and “text self study” courses are not an efficient way to study for the exam. Audio and video support are much more helpful and work well to reinforce test questions and text study.

3. Misleading Final Review – The “final review” touted by CPAexcel is an exam only. It is customized to your strengths and weaknesses, but it is not comparable to the “cram courses” offered by other CPA exam review courses. CPAexcel tries to make this comparison on its website, but I believe that is misleading given the content and structure of other final review courses that are more comprehensive.

4. Guided Self Study Only – There are no “in person” classes. CPAexcel does have professor mentoring as part of two training packages, but this is for questions you email to a professor. They respond back via email within 24 hours.

5. Price – You can get more materials and options from other review courses for similar pricing, which means CPAexcel is a bit overpriced for what it offers.

6. Many Instructors – Compared to the other review courses, CPAexcel has a huge number of instructors (16 in total!).  This leads to an inconsistent learning experience as you switch from instructor to instructor.

The Bottom Line

The major difference between CPAexcel and the other review courses is the bite-sized lessons and the large number of instructors. The lessons are delivered in 30 minute chunks allowing you to knock out a topic if you are pressed for time. CPAexcel also has a nice guarantee where you get free updates and access to course materials until you pass the exam. There is no expiration date.

If you will have trouble dedicating time to study or feel like it may take you several tries to pass the exam, CPAExcel may be the course for you since there are free updates and the course does not expire.

If you are looking for consistency in the instruction, the best value in a review course and the best chance for passing the exam, Yaeger is the course to choose, in my opinion.

Reviewed and updated January 15, 2012

Yaeger CPA Review has been around for nearly 35 years, but has flown under the radar compared with behemoths like Becker or Bisk. The owner, Phil Yaeger, has been teaching CPA exam review courses for almost 4 decades. The course itself is the only “teaching” course on the market.

Yaeger teaches you what to do, how to do it and why you are doing it that way. The other courses only teach you the what and how. For those looking for a deeper understanding of the material, this is very attractive.

The Yaeger review course includes 136 hours of video on either DVD or USB (your choice), the Wiley textbooks, Yaeger-authored handouts and the Wiley Testbank software for practice questions.

Price – $495 per part / $1,787 for all 4 parts – comes with free Amazon Kindle Fire

(using the coupon code KindleFire)

The Good

1. Best Pass Rate – You have the best chance to pass the exam as Yaeger has the top pass rate of any CPA review course (88%).  Passing the exam is why we all look for review courses, and Yaeger gives you the best chance to do that based on the statistics.

2. Personal Service – When you call, you get Phil Yaeger (the owner) or one of the instructors, not some customer service representative.  Other courses do not allow personal access to the instructors except through email or message boards which often take a lot of time to get a response.  The ability to get on the phone with Phil Yaeger or the other instructors is one of the most important advantages over the other courses.

3. Regular Updates – You get the most up-to-date information because the review videos are re-filmed in their entirety every year.

4. Unlimited Use – You can watch the videos an unlimited number of times and you do not “run out” of study questions – there is unlimited use.  Other review courses limit your usage and only allow you to watch videos a certain number of times or limit your study questions.

5. Convenience – For convenience and flexibility, you have 3 study formats to choose from – online, DVD, or USB.  Other review courses charge you extra for the USB option if they even offer it (many don’t even give you the option).  Yaeger does not charge extra for USB.

6. Price – If you go for the DVD option, Yaeger is similarly priced to Roger and CPAExcel.  If you go for the USB option, Yaeger has the best price of all the major review courses except Kaplan.  As a special added bonus, if you order all 4 parts, you get a free Amazon Kindle Fire.

7. Mobile Access – No matter which option you choose, you can access the Yaeger videos and study materials on your iPhone, iPad or other mobile device.

The Bad

There are a couple of potential draw backs to be aware of.

1. No Transfer Between Formats – If you answer test questions offline, the scores to not transfer over if you answer some questions online. This results in having different scores in different places that you’ll have to combine to get a complete picture of how you’re doing.

2. Guided Self-Study Only – The review is conducted entirely through video, books, and test questions. There are no “in person” classes.

The Bottom Line

Yaeger is the only teaching course, meaning they teach you not only what to do and how to do it, but also why you are doing it that way. If knowing the “why” helps you learn and retain information better, Yaeger is the course for you.

In my opinion, Yaeger also offers the most value for your money. They have the highest pass rate and are cheaper than most of the other CPA exam review courses.

Check out this CPA exam review course comparison chart (near the bottom of the page) before you decide which course to buy.