Who is Park Avenue CPA Review?

Park Avenue CPA Review is a leading New York-based provider of CPA review solutions, helping thousands of candidates prepare for the CPA Exam.

Is Park Avenue’s curriculum reflective of the new 2011 CBT-e Exam?

Park Avenue’s instructors have completely updated our courses and curriculum to fully prepare you for all of the changes to the CPA Exam (collectively known as CBT-e). You can have complete confidence in your ability to pass the CBT-e Exam with Park Avenue.

How is Park Avenue CPA Review different from other CPA review programs?

Park Avenue’s courses are designed around live instruction by top university professors who regularly teach the material to give you the skills and confidence you need to pass the CPA Exam. In addition, there is an online component for your convenience.

Our program is known for its reasonable class size. Studies consistently show small is better when it comes to class size. As Park Avenue students, you will receive direct access to our professors, and your questions receive our prompt and personal attention.

We keep our classes to three hours in length. We do not believe that classes running four hours can be effective from an educational standpoint. We provide extra coverage by running more sessions: 10 sessions in Regulation, 11 sessions in Financial Accounting, 11 sessions in Auditing, and 8 sessions in Business. There is also a dedicated class session to master the computer environment for the exam.

What is the cost? How can I pay?

The cost for all four parts for live instruction is $3,000. Online classes are 20% off the cost of live instruction. Our “per-part” costs are reasonable too if you prefer that approach.

Payment via check or credit card is accepted. You can also pay in 3 monthly installments.

How long has Park Avenue been offering the program?

Since 2000, Park Avenue CPA Review has provided high-quality CPA instruction. 

What is Park Avenue’s pass rates of candidates who take its CPA Review course?

A number of CPA review providers publish pass rates of their students. However, since there is no completely unbiased way to calculate pass rates, Park Avenue CPA Review would rather not publish numbers that could be considered misleading or deceitful. For example, several companies who provide pass rates calculate them by polling their own customers, which raises some questions as to the validity of those figures: Was every customer polled? How do they account for the fact that people who did not pass are not likely to respond to this kind of survey? Did all customers apply themselves and put in the appropriate time and effort with the materials? Did customers who responded use any other provider’s materials, or did they use just that one company‘s?

According to the American Institute of Certified Public Accountants (AICPA), overall pass rates are currently in the mid-40s. The AICPA suggests that exam-takers that enroll in a preparation class substantially increase their chance at passing.

You teach on the weekends only. Why no weekday classes? 

After initially offering weekday and weekend classes, we found that students were more likely to attend the weekend classes, however, our schedule is always evolving.

What happens if I miss a class or want to review a class? 

Students can make up classes by watching the corresponding class online. Please see details on our online class makeup page. 

If you miss a class, or just need to see it again, you can view an online makeup for free. To view your online make-up, visit your student account on our website. You will have access to lectures for 2 weeks from the date you request. You may view these lectures from any computer that meets technical requirements. Online make-ups are available for the duration of the class and up to 3 weeks after the final class date.

How long can I attend live classes?

If you pay for the full 4-part course program upfront, you get 18 months from the first day you first come to classes to finish all your classes and all your repeats. You can repeat each class twice for a $50 fee per part. There are no homework or attendance requirements; it is an unconditional repeat. Please remember that only students enrolled in all four parts have the unconditional repeat option! (Note: the $50 repeat fee does not include a new textbook. However, your old book can still be used in most cases.)

How long can I attend online classes?

Customers who enroll in our CPA Exam Online Review Course will also be provided with Online Access, including all online updates, for a full 18 months from time of initial purchase.

Are materials included in the course price? And what exactly is included?

Yes, they are. A review book for each part that you register for is included.

Do you include flashcards? Do I need to buy anything else to help me pass the exam?

In an effort to keep our prices as low as possible, they are not included in the cost of our course. While our CPA Exam review courses give students all the materials needed to properly prepare and pass the CPA exam, we offer flashcards for purchase and other study aids for those students who want additional study assistance.

When should I take the CPA exam?

As soon as you possibly can! NASBA statistics show a higher pass rate for recent graduates. The closer you are to graduation, the higher your likelihood of passing.

Employers also encourage their staff to take the exam at the beginning of their career. They cannot advance staff unless they are licensed CPAs. If you have already begun your accounting career, do not worry. Many CPA exam test-takers are currently employed in accounting and are still able to successfully study for and pass the exam. Since the exam is now computerized, candidates may schedule to take it during the first 2 months of each quarter.

What part should I take first? 

There is no “magic formula” for figuring out which parts to take in what sequence. One strategy is to take the part that may be considered your hardest part first since the exam rules only give you 18 months from the time you pass your first part to complete the entire exam. Another strategy is to that the part you think you are the most comfortable with to build your confidence.

Rest assured that you can be successful in passing the CPA Exam regardless of whatever sequence of the four parts you decide upon. The most important factor in deciding upon which part to study for and take at which time will always be your schedule!

When is the best time to begin studying for the CPA Exam? How far in advance of the exam should I begin studying?

If you are a recent graduate, an ideal time to begin exam preparation is during the weeks or months between completing your college career and your start date with your new employer. Study schedules depend on each person’s schedule, ability to focus, and grasp of the material.

I am graduating in May and want to finish the exam by August. How do you recommend I go about doing this?

It is not likely that you will be able to pass all four parts by August. We recommend that students take no more than two parts in the same window. The windows are: January – February    April – May    July – August    October – November. Note that the third month of each quarter – March, June, September, and December – are completely closed to testing.

If you take your last final in the middle of May, assume that your school is able to post final transcripts and have them processed and sent to the State Board by early June. Then assume it takes the state board 4 weeks to approve your transcripts and notify you of this approval, which would be early July.

At this point, you receive an Authorization to Test (ATT). You will then indicate which parts you will take and notify NASBA within 90 days of the ATT, and NASBA issue you a Notice to Schedule (NTS), good for 9 months in California. Once you obtain the NTS, you may then contact the Prometric testing center of your choice to schedule the exam.

To meet your goal of taking and passing all four parts, you would then need to schedule all four parts in the July-August testing window. Also, please remember that our review course is almost 100 hours. Factor in an additional 200-300 hours of study time, which results in a 300-400 hour time commitment. It is in your best interests not to put this type of stress upon yourself and space out your exams into at least two testing windows.

What is Park Avenue CPA Review’s refund policy?

Students may cancel and receive a refund of all charges if the student cancels their agreement prior to attending their first class, or on the first day of instruction for any classes enrolled. You must notify Park Avenue CPA Review in writing by email or postal mail about your decision to cancel if you decide prior to the beginning of the class session. If you attend the first session and decide to cancel, you must notify Park Avenue CPA Review in writing by email within 24 hours of the conclusion of the first class. Materials must be returned within 10 days of course cancellation in order for a full refund to be processed. Materials must be unused and in resalable condition. There are no refunds after the first day of class. We do not offer pro-rated refunds. If a student does not cancel their entire course(s) on or before the first day of class, he/she cannot cancel or receive any refund.

Can I switch from live to online? Is there a fee? 

No. The live and online classes are separate classes. If you want access to both, there is a combined cost. If you prefer to enroll by parts, you may take some parts live and some parts online in any combination. Again, you cannot attend the same exam section in both live and online study formats.

What do I need to bring to my first class?

Pen or pencil, and paper. Please bring a photo ID, method of payment if applicable, and any necessary proof of pre-payment.

I’m worried the classes are going to fill up. How early do I need to register?

In order to receive your materials in a timely manner, we suggest students register approximately 2 weeks before that particular class session begins.

Am I eligible to take the CPA Exam?

The Uniform CPA Exam is administered by the AICPA, but individual state Boards of Accountancy set the requirements for their respective state or jurisdiction. There are currently 55 jurisdictions in which the CPA Exam is offered. In the most general terms, a candidate for the exam usually requires an undergraduate degree in accounting. Many jurisdictions require 150 semester hours of education with the focus on accounting and specific accounting coursework. See if you meet the requirements for the CPA Exam in your jurisdiction at the NASBA website.

What are the general requirements for certification in different states?

For specific state requirements, please visit the NASBA website.

In what states can U.S. citizens take the CPA Exam?

U.S. citizens can take the exam at any of the authorized Prometric exam locations in 55 U.S. jurisdictions. Candidates must meet the requirements of the jurisdiction where they will become licensed to practice. Please visit the NASBA website.

In what states can foreign candidates take the CPA Exam?

Candidates who did not receive their education in the United States may be eligible to take the CPA Exam. Candidates must meet the requirements of one of the 55 jurisdictions or states to take the CPA Exam. Often this includes a course on U.S. Federal Taxation and U.S. Business Law. Foreign candidates will have to have their credentials (transcripts) evaluated by an evaluation service company. Jurisdictions and states specify which companies they accept, so make sure you check with your state before you get your credentials evaluated or visit the NASBA website.

Popular states that foreign candidates choose include California, Colorado, Delaware, Florida, New Hampshire, New York, and Vermont. You can take the exam at any of the authorized Prometric exam locations.

How do I contact you?

Head over to our Contact Us page.