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Some background: I work full time. My Bachelor is actually in Finance, and I have not had cost accounting, IT, economics since I left college which was in 2004. I managed to pass all three sections on first try, but it was a struggle. Audit was easy and I never had issue with Audit by using Becker only. FAR was challenging due to the amount of material and for some reason, I could not progress. I would study say 3 chapters really well, but by the time I finish the 4th one, I could not remember the first three chapters. It was demoralizing but I kept at it and passed, but it took me 6 months for FAR (with Becker book and software and Wiley textbook) to feel ready to sit (did not necessarily feel ready to pass). After FAR I felt a little more confident with REG. I studied as effectively as I could, and I felt I could progress with REG, but struggled to get the last chapter done on the week of the exam, and i always struggle reviewing the material (even if I try to review some stuff as I advance to the next chapter). Luckily I passed REG but barely with 78. For REG I studied law with Becker and Wiley textbook, but for tax only used Becker. The Wiley law section was a fast and easy supplement, but I did not have time to use Wiley as a supplement for the Tax section.
I will use Becker as well for BEC and have the Wiley textbook as a supplement.
A few questions and comments by those who had same approach or issues would be much appreciated.
1. I get shocked when I hear people studied 100 hours for FAR or REG and passed (some in the 90s). Am I the only one who put at least 300 hours for each of them (emphasis on the word at least). For audit I put around 150 hours to be on the safe side. But for FAR and REG, I really have a hard time believing I could pass with less than 300 hours especially for FAR. It might sound over the top, but I am the type who need to feel ready for an exam to actually sit it. For those who studied as much for FAR and REG, how many hours did you study for BEC?
2. What chapters are the easiest to review? I have already read on the forum the hardest chapters to study, so the reason I am asking about the chapters that are easiest to review (which are not necessarily the easiest chapter to study) is because I am planning to study those first so I can review them as I move along to other chapters and not forget. That approach worked for me for REG.
3. If I get a question right the first time and I truly understand the answer, I don’t mark it and don’t do it again. But for FAR & REG, I struggled to review the marked questions since the only marked one were the very difficult one. Anyone has a system to this madness especially when reviewing?
4. What sections do you consider it more efficient to focus on the review material rather than the multiple choice questions and those you consider more efficient to tackle the m.c. questions?
4. For those who supplemented with Wiley textbook, any sections you felt made a difference to grasping the concept better than just with Becker?
FAR: 80
AUD: 81
REG: 78
BEC: 76
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