IFRS: For those who took FAR in the 3rd qtr…

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    Topic
  • #161119
    Anonymous
    Inactive

    Without disclosing too much, how in-depth were the IFRS questions? Keep in mind that I am using Becker’s to study. Will simply reading the appendixes of IFRS vs. GAAP at the end of each chapter be sufficient? Or will I need to also know how to calculate problems under IFRS? Simply trying to learn all the GAAP rules are tough enough…

    I ask for those who took it in the 3rd qtr because it is my understanding that IFRS will be increasingly incorporated as the quarters go by. Reading these forums, it appears that there are as much as 6-7 IFRS questions per testlet, while there were only 2-3 IFRS questions in the 1st quarter.

Viewing 12 replies - 1 through 12 (of 12 total)
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  • #291923
    foyboyusc
    Participant

    You'll be fine. I took it July 2nd and I also prepared using Becker, they didn't have a question on there regarding IFRS that really threw me for a loop. My personal experience was that it seemed that the Becker questions were much more difficult than what appeared on the exam, and it sounds like other people have felt that way this quarter, so hopefully that will continue. Good luck!

    #291924
    Anonymous
    Inactive

    I agree with foyboy. I took FAR last week. Any questions I had related to IFRS were much easier than Becker.

    #291925
    mla1169
    Participant

    Am I the only person in the world who cannot recall a single thing about the actual exam except being fingerprinted? Lol. It's as if they somehow erase my memory before I get to my car.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #291926
    T-rex
    Participant

    Any tips on sims, guys?

    Also, overall did you find the MCs to be easier or harder than Becker's? Did they tend to be as wordy as Beckers?

    AUD - 95, BEC - 85
    REG - 85, Rawrrrrrr FAR - 88
    Used Becker for all sections.
    CA candidate not residing in CA

    #291927
    IwannaBaCPA
    Participant

    @mla1169: I agree! I think they use those pen things from MIB to erase our memories as we leave so we cannot divulge any details of our exam!

    BEC: 79 - April 2011
    FAR: 78 - May 2011
    AUD: 81 - May 2012
    REG: 79 - October 2012
    Ethics: Passed - March 2013
    I am finally DONE!

    #291928
    Anonymous
    Inactive

    @T-Rex,

    I found the MC to be sometimes easier and sometimes in line with Becker, but not harder. I even had a couple of questions that were verbatim from Becker. (Or I guess technically they were from the CPA exam first, and Becker took them…)

    As for the sims……just manage your time. There's no way you can study for those puppies.

    #291929
    T-rex
    Participant

    @erin,

    Thank you!!!

    AUD - 95, BEC - 85
    REG - 85, Rawrrrrrr FAR - 88
    Used Becker for all sections.
    CA candidate not residing in CA

    #291930
    moulton88
    Member

    Hi BeckerUser. I just took FAR yesterday and I too was worried about the IFRS questions. I am using Becker and it seemed to prepare me pretty well for what appeared on the exam. I am in the camp that the topics are pretty random and that the only real way to prepare for the IFRS ?s is to put the time in to cover as much as you can on IFRS and have a little bit of luck on exam day.

    FAR:7/31/11
    AUD:8/30/11
    BEC:10/15/11
    Reg:11/19/11

    #291931

    @moulton how was your SIMS that is the part that I am worried about the most. I have about 19 days left and I really trying to remain calm but this not being able to REALLY study for SIMS is killing me!

    FAR 76
    REG 76(2x)
    BEC FAILED (2x)
    AUD FAILED (2x)

    "When you don't give up, YOU CANNOT FAIL"

    #291932
    Anonymous
    Inactive

    Just study the IFRS questions in the Wiley book and you will be just fine….

    #291933
    lr_cpa
    Participant

    BeckerUser,

    I took FAR yesterday and without disclosing too much I can say that IFRS represented 12% of the MCQ and I had nothing on that in SIMs. And honestly I don't know how to tell you to prepare for it. I read the CPA excel and Wiley summaries and still didn't feel like I knew most of them. My rule of thumb is, if you don't know it, treat it like normal GAAP bc there are a ton of similarities bw the two.

    REG 5/27/11 86 1st attempt [CPA excel questions, Yaeger Audio, Wiley book]
    FAR 8/04/11 90 1st attempt [used CPA excel as primary, Yaeger Audio, and Wiley book]
    AUD 10/01/11 90 1st attempt [used CPA excel with Wiley as supplement]
    BEC 11/29/11 84 1st attempt [using Wiley with CPA excel as MCQ supplement]

    DONE

    #291934
    Anonymous
    Inactive

    Thank you all for the help.

Viewing 12 replies - 1 through 12 (of 12 total)
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