According to Anbima, around 50% of candidates in the CPA-10 and CPA-20 tests are not approved. The failure of these participants is due to two main reasons: nervousness at the time of the test and inadequate preparation for the exam.
To solve these two problems and do well on assessments, some tips for CPA-10 and CPA-20 can be applied. We separate the main ones below:
1. Schedule the test for the first time of the day
When registering for the Anbima exams, you can choose the day, time and place of your assessment. Our suggestion is that you opt for the first time of day, in the morning, before work. This is one of the ways to neutralize nervousness.
Imagine that after a busy day you still have to face a notebook full of calculations. Your levels of attention, tolerance and patience are likely to be lower.
2. Use up-to-date materials
The first step to study the right way for Anbima certifications is to look for up-to-date materials. The financial market comes up with news every day and, to do well in the exams, you need to be on top of what happens.
Dow Center provides free and up-to-date handouts for you to study based on correct information. Our materials have a QR Code that you can access to ensure they are the most current and complete version.
3. Take a preparatory course
Studying alone is always an option, but it is also a huge challenge, since it is up to you to set up your study schedule and look for support materials. Having a preparatory course that already has a ready-made structure, prepared by professionals and proven by other students, will greatly facilitate your learning process.
Dow Center, for example, has unique strategies designed exclusively for training in financial certifications. In addition, after enrolling, you will still have lifetime access to classes, being able to attend them whenever necessary.
4. Book the test right at the end of the course
Don’t leave to finish your studies long before the test date. Ideally, all content should have been viewed up to twenty days before the exam. The brain tends to erase or forget information that we don’t use very often. So enjoy the fresh information.
On the other hand, don’t leave to study at short notice. Close to the test, you should worry about relaxing and softening the nervousness. For this reason, don’t get into the revision pile days before the exam.
5. Study about investment funds and fixed and variable income
Professionals certified with CPA-10 and CPA-20 will work directly with mutual funds, fixed and variable income. For this reason, pay special attention to these subjects, which are even more frequent in the exam (about 18 to 25% of the questions are addressed to each of these subjects).
One of the most charged content in relation to them is the incidence of tax (Income Tax and Tax on Financial Operations), and some pranks may arise in relation to this, regarding when there is an exemption, for example.
6. Solve the easiest questions and modules first
Finally, when taking the test, start by solving the questions and modules that are easier for you. Secure those points that you are sure of and only then move on to the more complicated ones, on which you should spend more time.
The proof is navigable, so feel free to go back and forth. Furthermore, it may happen that one answer is in another’s statement, so don’t get caught up in the order.
These tips for CPA-10 and CPA-20 are very simple, but they make a total difference when it comes to approval.