Hey, EEL — good luck on FAR. I guess the thing that hit me the most was how little time I had. Make sure you at least answer each question before you go on to the next one — don't completely skip it to come back to it later, you may not have the time.
I really feel like I would have done great if I had the time to go through and think through each problem. None of the questions were completely out of left field (I used Roger & Wiley to study). I just felt so rushed that I couldn't really think through each problem.
I wish I would have just flat out memorized more. I'm the type that I try to understand the concepts and go from there. Like for example (this wasn't on my exam, I'm just using an example) — they always talk about with bond amort tables if the interest expense increases or decreases. I never actually memorized which does what because I always just figured that I would work out a quick amort table and figure it out then. I thought that if I memorized it, I'd memorize it wrong, and it's better to understand the whole concept rather than just memorize facts.
I used to teach math, and I would always drill that into my kids — why is something true, rather than just what is true.
Well, I wish I would have memorized a few more facts. I still think that understanding the concept is important, but if there were a few more things that I could have just answered without thinking and move on, that would have really saved me some time.
Also, definitely, DEFINITELY, use the research tab to help you answer the sims if you can. I know that doing that helped me get a sim right that I wouldn't have gotten right. If I get just above a 75 (oh, please!!) then that tip right there would have made the difference for me because I definitely used it.
FAR -- 90
AUD -- 95
BEC -- 82
REG -- 92
DONE!
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