Wiley CPA Review (now known as Wiley CPAexcel Exam Review) is the #1 selling preparation book for this and other accounting exam. Test Bank is also very popular.
This page is meant for a summary of Wiley CPA review, notably the test bank (test prep software). You can find a more detailed review on the review books here.
Wiley CPA Review: Pros and Cons of the Test Bank
In this evaluation I will focus on the online version of the test bank. It is the same as the Wiley test prep CD-ROM you may see in bookstores, but with additional features.
1. Gives You Enough Varieties of Questions To Pass
Many readers asked me which test preparation software is the best, especially Becker vs Wiley. It’s hard to pick the best because it largely depends on the individual’s budget, background and learning style, but in my opinion, Becker test prep software tends to reenforce key concepts covered in the Becker lecture notes while with Wiley you get more variety and some of the more obscure questions.
In fact, Becker students who really want to pass the exam on their first try often get the Wiley CPA review (test bank) as a supplement. Few people do it the other way around, because getting Becker as a “supplement” would be too expensive.
2. Application Replicates Real Exam Experience — At Lower Price
The application looks very much like the one you will see in the real exam. Given the exam is 100% computerized, I believe it is a must to get a lot of practice on screen vs using pencil and paper.
I have to say that other providers e.g. Becker and Gleim have software that look pretty much like the real thing too, but you save money by getting the most affordable one from Wiley.
3. Available For Immediate Access
Once you place an order, a PIN (a chain of random letters and alphabets) will be emailed to you immediately and you can copy-and-paste the PIN to activate the account.
Instead of buying the CD-ROM with all the hassles (waiting for delivery and installation), you have a great, easy and happy start of your CPA exam preparation.
4. You Can Study Online or Offline
There is a download center within the application that allows you to put the whole thing in our computer and work offline. At the same time, you can sync with the system to get latest updates and update your own performance analysis online.
Another great benefit: you can keep working on these questions after your 1-year access is over, without extra charge. There won’t be updates and online reporting available, but in case budget is tight this is really comforting to know.
5. Flexible Customization — Less Stressful and More Productive
For every study session, the application lets you pick everything from the subtopics to the number of multiple-choice and simulation questions. As long as you are disciplined enough to go through all the topics yourself, it could be a more flexible and less stressful (thus more productive) process for you.
6. Regular Updates Without Extra Cost and Hassle
The questions are automatically updated on a regular basis and any errors identified are corrected if you are using the online version instead of the CD version (CD version now comes with the ability to sync online, but it’s extra step for you).
The great thing about this especially towards the end of each year is that you don’t need to wait until early next year to get the updated version, since this is continuously done rather than once every year.
7. Online Reporting and Analysis to Keep Track of Your Progress
This is a new enhancement for Wiley — the latest version comes with a lot more features such as view by subjects, by raw score or by percentages, and a number of customization features.
Nothing is perfect, so it’s important to identify the limitations of the Test Bank:
1. No Money-Back Guarantee
A number of other providers have some sort of money-back guarantee. Wiley has none. This is obviously a limitation, but given it is much less expensive many readers don’t mind and see this as a necessary investment.
2. Copying-And-Pasting Not Allowed Onscreen
If you are trying to copy the questions onscreen and paste in a Word document for example, it cannot be done. This creates some inconvenience if you want to show a particular question to a professor or if you want to keep the question for later reference.
This shouldn’t be a big deal for everyone , but to work around this issue you can simply bookmark the question (by clicking on a little red flag on the screen) for easy identification later.
Now, What Do You Think?
All in all I believe this is a powerful application with a very reasonable price. Here is a summary:
|Candidates with tight budget|
|Those who are self-disciplined|
|Those with some accounting knowledge|
|Those don’t need video instruction|
|Great variety and no. of questions|
|Immediate access after purchase|
Special Offer For IPassTheCPAExam.com Readers!
You can get the Test Bank at the official Wiley website, but if you buy it here you can get a good discount. (I just choose to profit less The product and customer support is exactly the same)
Please note: This is NOT the review book but the Test Bank i.e. the online practice questions. No physical product will be shipped. To get the Wiley CPA exam review books please click here.
4-Part Complete Set (2014)
2014 FAR Test Bank
2014 AUD CPA Test Bank
2014 REG CPA Test Bank
2014 BEC CPA Test Bank
If you need more in-depth analysis, I have a detailed walk-through of the Wiley CPA test bank here.