The CPA exam has changed. The new CPA Evolution model splits the test into two parts: three Core sections and one Discipline section you choose. This structure requires a smart strategy, especially if you're studying while working full-time.

The three Core exams are what you'd expect: Financial Accounting and Reporting (FAR), Auditing and Attestation (AUD), and Taxation and Regulation (REG). Everyone takes these. The big decision is choosing your one Discipline exam from three options:

• Business Analysis and Reporting (BAR): Focuses on advanced financial reporting, data analytics, and technical accounting.
• Information Systems and Controls (ISC): Covers IT audit, data governance, and information security.
• Tax Compliance and Planning (TCP): A deep dive into advanced personal and entity tax planning.

Once you pass your first exam section, a 30-month clock starts. You must pass the other three sections within this window. This is a change from the old 18-month rule, giving you more flexibility.

Which Discipline should you take? Your choice should align with your career goals. If you're heading for public accounting assurance, BAR or ISC are logical fits. If you're passionate about tax, TCP is the obvious choice.

Pass rates can also guide your decision. As of early 2024, TCP has the highest pass rate, around 77%. BAR is considered the most technically difficult, with a pass rate closer to 42%. ISC falls in the middle. Don't just chase the highest pass rate, but use this data as part of your strategic calculation. Think about which subject you can master most effectively.

For a working professional, efficiency is everything. The best strategy is to create knowledge momentum by pairing a Core exam with its related Discipline. This allows you to leverage what you just learned.

Consider this approach:

1. FAR then BAR: Since BAR is an extension of advanced financial accounting, taking it right after FAR means the foundational knowledge is fresh. You build on your most intense study block instead of starting over.
2. REG then TCP: Similarly, REG provides the foundation for the advanced topics in TCP. Take them back-to-back to master the tax code in one continuous effort.

AUD and ISC also have some overlap, but the FAR/BAR and REG/TCP pairings are the most powerful. This synergy is key to conquering the material without burning out.

A key logistical point is that Discipline exams are only offered during specific testing windows. Plan your schedule so that your chosen Discipline exam falls within one of these periods. The graphic above shows one possible 12-month plan that accounts for this.

This strategic approach turns the four separate exams into a more cohesive and manageable learning journey. By understanding the structure, choosing your discipline wisely, and sequencing your exams to create momentum, you can build a realistic plan to pass the CPA exam while managing your professional responsibilities.