What would you sure up on with AUD right around the corner?
FAR - 75
AUD - 78
BEC - 82
REG - 77
2 Corinthians 5:21
Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.
@y_u_no_pass Thanks for the tip…I'm taking super detailed notes for that section because there's so much to know and was doubting myself if I had to go that deep…
@Zumo – what pushed you over the edge for FAR? what did you sure up the second time around?
FAR - 75
AUD - 78
BEC - 82
REG - 77
2 Corinthians 5:21
Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.
My biggest advice for Audit is to be sure to read the question and makes sure whether it is asking for an issuer vs. non-issuer. You can best believe the answer choices are going to have the correct answer for either.
F - 2/15/2014 - 85
B - 2/26/2014 - 88
R - 4/1/2014 - 83
A - 4/21/2014 - 95
Licensed CPA in TX
I can do all things through Christ who strengthens me.
@shanek327 – I treated the re-take like it was my first exam…took about 8 weeks to re-study but work full time with a toddler. I re-watched most of Roger's videos, already had good notes from previous test but augmented them and did all the MCQs in Roger's test bank and did about 1,000 NINJA MCQs, which I didn't do the first time.
Really took the time to understand bonds, leases, S/E, cash flows since I considered those my weakest areas the first time around. I did that by really understanding the way journal entries and t-accounts worked and for most of the MCQs I also did the J/Es, especially fro the sections I just mentioned. I noticed that a lot of questions had a pattern to them so I looked for that to not get lost in the details and also if you use J/Es you'll notice that the answer will come straight out of there. Roger always recommends to read the last sentence first, especially for calculation problems and it really does help to narrow down what you need to look for.
Oh, almost forgot…I also found this guy through a post from someone else…he's awesome! Uses t-accounts for a lot of accounting concepts so that helped me a lot! Pretty much covers all the topics that we need for FAR.
Also, got a lot of advice from different people to not just skim over government and NFP so I hit those hard towards the end and made sure I knew the J/Es in and out. I didn't practice SIMS, which I regret only because I felt that part of the reason you should practice SIMS is to understand how to complete the tables, etc…in my exam I knew the concepts they tested in the SIMS but the instructions were vague and in a couple I wasn't sure that I was completing the tables correctly. Probably could have been avoided if I had practiced some SIMS. Thankfully I passed so I must have not bombed them. Hope this helps. Good luck with everything!
Memorize the major audit reports and the sections and what order they go in. Understand the differences between governmental and publicly traded reports in and out (there aren't a ton of differences but you need to know them). Understand the major ratios like inventory turnover, but I would suggest not spending to much time with that. And of course know audit, review and compilation differences in and out.
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