May 1, 2020 at 11:40 am #2991074PCParticipant
I took 6 months but that included time off over the holidays and a spring break trip with the kids along with 10+ practice tests beforehand. I can say that was overkill but I wasn't keen on doing any retakes.May 1, 2020 at 12:45 pm #2991131Touch Butt McGregor will beat PoirierParticipant
I had a 12 week plan (1 chapter a week w/ 2 weeks final review). Everyone's different and I'm a slow learner. I need to look at things multiple times to get it. I don't understand how people can breeze through a FAR chapter in 2 days. That being said I usually didn't need a whole week for a chapter. I took the time to go back and review old material because FAR is overwhelming but you can do it.May 2, 2020 at 7:49 pm #2992334monikerncParticipant
Regardless of what you decide, you have to do continuous reviews as you go through the material – it is easy to forget the early topics if you are not reviewing. These will help you retain the info. Do what it takes to learn and recall – memorization only is not going to help you pass. The other thing about FAR is that having a good understanding will help with Audit which I recommend for your second exam.
Study to score high and set no retakes as a goal. Enjoy yourself and remember to always breathe.May 7, 2020 at 11:58 am #2996541LadyIParticipant
I think 10 weeks is the perfect amount of time if you are only studying, but you have to stay on top of it. I was able to do it in 12 weeks working full time. I really recommend doing all practice exams, and spend a decent amount of time of Gov't and NFP accounting. I broke up my sections when I studied as you know each test is VERY different, but I made sure I knew the following topics really really really well: Gov't, NFP, Cash Flows, New Revenue Recognition, Pensions, Leases, Bonds, Debt/Equity Method, Stock JE's (treasury stock – par value vs cost method), Anti/Diluted EPS, Acquisitions/Consolidations, Nonmonetary Exchanges (Boot/No Boot), OCBOA terminology/differences, Capitalized/Expensed Costs – pay close attention/understand internally developed software costs etc, Inventory (LIFO/FIFO if inventory prices are rising the effects on both methods..etc they love those questions), Foreign Transaction/Translation, Depreciation methods, etc.. If you know the big topics well enough/can do the SIMs on these you will be fine, they can get very specific on the exams depending on the exam you get..and if you get those questions right awesome if not it won't make you fail.. I was surprised on how much Gov't and NFP was on my exam and I actually have zero Gov't accounting experience/nor do I like it very much lol Best part about FAR is if you know JE's you can usually figure out majority of sims but I recommend doing all the SIMs especially for Gov't and NFP..the SIMs from Becker taught me more than the MC with the very tough sections I struggled with.. I used Becker to pass in Sept of 2019 with an 83 – and I think the best score I got on a Becker practice exam was a 73. ALSO – make sure you do the AICPA practice exam..it is super helpful to see the types of questions they previously asked..you will notice you get SIMs that have a TON of attachments and it is super annoying lol make sure you plan how to go through all the attached documents to the problems etc.
My best piece of advice after going through all of this is just don't give up on the actual exam/get frustrated while you are taking it..Every single exam I wanted to walk out of and every single time I called my husband/mom afterwards and let them know I would be retaking the exam and I for sure failed. I passed all four on the first try! I realized after I passed BEC with a 78 and I didn't do an entire essay that you just have no idea how to gauge how you are doing.. just give every question your best shot and keep trying on the entire exam! If you do the reps and put it in the time you will pass!January 29, 2021 at 8:15 pm #3224024accountantsteveParticipant
I used Roger CPA and it took me about 6 months while working full time. I could've been more motivated and gotten through it quickerJanuary 29, 2021 at 8:45 pm #3224033Lucky88Participant
I finished FAR/AUD within 1 month and REG less than 1 month. I don't suggest to review more than 2 months for a single subject, because passing CPA exams require some study concentration.January 29, 2021 at 10:56 pm #3224111AGIParticipant
Your time to study depends on your commitment and your progress. As you merge into the fourth weeks, some people will start to like “I hate this”, some will say “good now I am getting a hang of it”.
You can stay 10000 hours if your brain cell is not in the mood of study and still fail the exam.
I spent 4.5 months studying 2-3 hours a day when in full time and being extra stressed.February 1, 2021 at 11:35 am #3225743LD-407Participant
It depends upon how much or if you're working and the quality of study time that you can dedicate. The FAR exam took me 6 months to study for the first time using Wiley, and I worked between 32-60 hours per week depending on tax deadlines, I didn't pass :(. The second time I took another 6 months working the same amount of hours, and still no pass! The third time, I switched to UWorld Roger CPA review and was ready to sit within 2-3 months, but… unfortunately, the pandemic caused our Prometric site to shut down and so I had to wait another couple of months. The good news is that I passed with a solid increase from my prior attempts. I do believe it's important to get through the material quickly because you do forget concepts and have to re-study. Roger's made it much easier to get through the material faster and I love their mnemonics for the more complicated material. Good luck to you!
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