March 10, 2021 at 10:37 pm #3259059ayc311Participant
Hey guys, so today I took the FAR, my last exam to go. I thought I did good for the MCQ part, and 4 out of 8 sims, I thought I did good as well. However, the other 4 sims, they were so overwhelming, they were very very calculation heavy, and in almost all 4 them I did terrible, almost 0. The 2nd sim in the first sims testlet and all 3 of the 2nd testlet was just brutal n I was so completely shocked. I practiced similar sims and I know how to do them but I ended up not being able to do anything on those 4. I guess my question is, has anyone even experienced something similar? Could it be that those 4 sims, hopefully one not counting, were also disastrous for most people that they r given less weight? Darn!!! How was I supposed to go thru 8-9 documents for 10-12 reconciliations/adjustments for 4 of those sims in that short period of time!!!March 11, 2021 at 8:51 am #3259209SonnyParticipant
If you did well on the MCQ and half the sims there is a good chance you passed. I'm scheduled to take FAR next month. What areas do you think are most important to focus on during the final review stage. I know everyone for the most part points to Non for Profit and Government.March 11, 2021 at 10:28 am #3259257ayc311Participant
Hey thanks, yes NFP n government are heavily tested in the MCQ, mostly theory based. Know funds-type well and how how donations are accounted for, lease payments treatment I.e int and principle payment. Foreign currency exchange rate gain/loss and off-course journal entries. Questions are very similar to what’s on AICPA, not too wordy at all. The MCQs test you to see if u understand the material. Know consolidation entries, trial adjustments, SCF and again JE!! Good luckMarch 11, 2021 at 11:03 am #3259269SimoneParticipant
When I took FAR I thought I bombed the sims and I ended up passing with a 75. There's definitely a chance you could still pass!March 11, 2021 at 11:15 am #3259290kay2021Participant
@ Simone, like how many questions in SIMS for FAR did you feel that did not go well? Also, how was your experience with MCQ for FAR?March 11, 2021 at 12:22 pm #3259347SimoneParticipant
I can't remember specifically how many sims I thought I knew versus didn't, but I didn't feel super great on multiple choice either, which is why I was sure I failed! It's stressful waiting for your score, but I hope you did well! Just took AUD for the second time. It's my last exam so I'm hoping I find out next week that I passed!March 11, 2021 at 7:24 pm #3259728kay2021Participant
Hopefully!!!March 22, 2021 at 9:27 am #3268808future CPA 1985Participant
Where Can I find the AICPA released questions?
Can anyone share the link pls?
RegardsMarch 25, 2021 at 2:27 am #3271967future CPA 1985Participant
I had my FAR exam yesterday. It was brutal. Guys who are taking the exam Pease study revenue recognition, inventory reconciliation, brs thoroughly for task based.
As everyone said NFP and Govt accounting are tested mostly in mcq.
Im planning to start preparing again from Sunday. No point in waiting for the results 😭
A the bestMarch 26, 2021 at 3:17 am #3272807KeerParticipant
What review course did you use?March 30, 2021 at 12:47 pm #3275018
- You must be logged in to reply to this topic.