FAILED FAR

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    Topic
  • #159965
    sushtil
    Participant

    I just found out i failed FAR…i have lost motivation to study for it. I am trying to study for AUD, but busy season is grueling and its taking a toll on everything that i try to pursue. I need a pep talk or something to keep me going with this process. HELP!

Viewing 11 replies - 1 through 11 (of 11 total)
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    Replies
  • #276509
    PASSED
    Participant

    17% to 25% of CPA candidates quit. I do not blame them. The AICPA does everything in its power to discourage you. One half of the battle is in your head. IF you make up your mind never to give up, you will become a CPA. Look at the poor FAR score as a progress report. You can take it again. The only failures are those who quit.

    IF you have not passed an exam, you are under no time pressure. Order Yaeger's Home Study for FAR and start all over again.

    GOOD LUCK!

    #276510
    nugs
    Participant

    Sushtil,

    I was in the same situation. I failed FAR so many times. More than anybody else could have. I dont like to admit this but since you said you needed some pep talk, I think I failed FAR 6-7 times. Maybe more

    Anyway, I started on FAR because I thought the material was hardest for me (and it was), but after failing it a couple of times I moved on to BEC. Mainly because I knew my Economics, and there were no simulations for BEC at the time.

    I failed BEC the first time I took it, and I would have quit for good if I failed it again. I was really down at that time but then a miracle happened. I passed BEC…

    Moving to BEC turned out to be a great move for me because I proabably wasted about 6 months of being stubborn and just studying for FAR and not accomplishing anything else. Had I done that sooner, I probably would have finished the CPA a lot quicker.

    The only issue with that was that FAR ended up being my last exam to pass.

    After passing BEC, REG, and AUD. I had FAR left, and I failed it again a couple more times.

    I thought of quitting many, many times.

    Also, I found myself in the terrible position of possibly losing BEC credit in less then 60 days if I didnt pass FAR.

    Things finally worked out, and I finally passed FAR. It took me almost two years.

    Keep faith though. It can be done…

    A couple of things to keep in mind though.

    – I felt that I failed a lot times because I never had time for the sims. But now with the new format, the sims seem shorter and more concise. Even though there are more questions for the sims, reading and answering the questions are a lot shorter. Also, there is no written section for FAR, REG, AUD, so completing the sims in time is much more doable becasue you dont have to waste time thinking about what you want to write (in my opinion).

    – Study IFRS. Expect 8-10 questions (Thats like 10% of your exam)

    – You MUST study Govt. If you think you know Govt, study it more. Just studying Govt and IFRS is about 35% of your exam. Trust me on this one. You can pass FAR by knowing most of the material and Destroying Govt + IFRS.

    If you need more pep talk, I got a bump up in my salary of about 10% immediately after I passed.

    Maybe all that stress was worth it. We shall see…

    BEC - Passed
    REG - Passed
    AUD - Passed
    FAR - Passed

    #276511
    Anonymous
    Inactive

    @nugs, nice post, very encouraging as I just failed FAR and have to take it again 🙁 Glad to see your perserverance.

    #276512
    nugs
    Participant

    You can do it.

    I assure you, no one has a more embarassing FAR track record than me.

    I actually just called Delaware right now to make sure it wasnt a bad joke. Its not. I finally earned this one…

    But using the tips I mentioned above got me through it… Good Luck

    BEC - Passed
    REG - Passed
    AUD - Passed
    FAR - Passed

    #276513
    sushtil
    Participant

    @PASSED…thanks for the encouragement! I appreciate it…i will not give up until i have those three letters next to my name

    @nugs…thanks for the pep talk..i think the reason for my failure was my grueling schedule and that probably threw me off. I don't know what to do anymore….i have Yaeger's homestudy and CRAM and spent soo much going over everything…my notes, Jeff's ninjas…i just dont know where to start….any tips?? My parents were really upset too since a lot of money was spent on the section. Again, thank u nugs for the motivation….i think ull have to continue motivating me coz im so depressed about this.

    #276514
    PASSED
    Participant

    sushtil

    Where there is a will, there is a way. Give Dr. Phil Yaeger a call. He was a tremendous help to me.

    Is this your first exam? If I were you, I would look at this exam as a progress report. I would take however long, and spend whatever amount of money to pass the beast. I took 5 months to study FAR. I used Yaeger, Becker, Bisk Hot Spots and Gleim for FAR.

    Look on the back of your failed FAR report. You will see your grades for the different sections of FAR. If you are really low on a particular section, order Bob Monette's BISK Hot Spots for that section. If Bob does not teach the section, do not order it. Another tremendous help was Gleim. I was able to use Gleim to focus on my specific weak areas.

    The CPA exams are a test of endurance, not intelligence. I will soon be opening my own accounting practice and I will not be using anything in the CPA exams.

    By the way, the pass rate for the BAR exam is twice the pass rate of the CPA exams! I am the only fool out there who would retake the CPA exams just for the fun of it!

    #276515
    Anonymous
    Inactive

    I've failed FAR twice now and BEC 4 times. I lose AUD if I don't pass both by 5/31 so right now I'm cramming BEC to take on the 16th and trying to schedule FAR for the 31st. Of course NASBA and the Oklahoma Board are taking their sweet time issuing an NTS for FAR.

    #276516
    nugs
    Participant

    @sushtil,

    Dont be depressed. I've been there.

    After all the stress, sadness, turmoil, and bs that this exam put me through, I know what you are thinking.

    I have tons of tips, ideas, and methods that helped me. I will be more than happy to share (because I've been there and wished someone helped me). Just keep in mind that everything depends on you and your determination.

    feel free to email me: nugscpa@gmail.com

    BEC - Passed
    REG - Passed
    AUD - Passed
    FAR - Passed

    #276517
    Anonymous
    Inactive

    @pass, or anyone else, where can you find the breakdown of your FAR score, is this something they mail to you? Or can I check it online, thanks!

    #276518
    PASSED
    Participant

    chibry

    When you fail an exam, you will get your score in the mail and on the opposite side of your report the AICPA will post your scores for the different sections of the exam. Use Gleim to work on your weak areas.

    #276519
    sushtil
    Participant

    @PASSED…thank so much. I have to call Phil Yaegar and let him know what the situation is and see what he has to say about the whole ordeal. But, otherwise, I am getting right back on track and try to figure out a way to pass this BEAST of an exam. Could elaborate a bit on the BISK Hot spots? I have heard of BISK and i don't know anyone who has used that.

    @nugs…thanks for the support nugs. I will certainly email you. I appreciate all the help.

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