[valueofnothing]

just gauging general interest – would you personally be willing to buy stand-alone prep material for the simulations? i know from my own experience that prep for sims in CPA excel was anywhere from barely adequate to pathetic, and it seems to be a common complain that people feel unprepared for and overwhelmed by sims on test day

and if you would be willing to buy such a magical thing, what is an appropriate/attractive price? I was thinking generally about $1 per question (i.e. packet of 50 for $50). does that seem reasonable, way too expensive, or what?

discuss… thanks!

REG - 81
BEC - 88
AUD - 85
FAR - 81

[katiekanton]

I don't know… I had about 50 sims that I knew backwards and forwards. NOTHING, absolutely NOTHING, like them actually appeared on my exam. I'd probably feel like another 50 wouldn't do me much good.

AUD - 88
FAR - 90
REG - 85
BEC - 88

[valueofnothing]

anyone else??? please?

REG - 81
BEC - 88
AUD - 85
FAR - 81

[jenuno01]

I would not buy SIM-only studying material..I am a firm believer that if you know the material well enough, you should be able to apply it to answer the SIMs…also, Katie is right, I don't think memorizing SIMs actually helps because you never know what you're going to get.

Class of 2012

[Anonymous]

I have only taken FAR so I can only speak for that particular section but yes, I would definitely buy a product that gave me practice with journal entries and the application of more involved formulas (Diluted EPS, Detachable Purchase Warrants, Pensions, etc.) Knowing the formulas and journal entries and being able to apply them are two different things, and I think this is what will be my nemesis come score release time next week.

I did the questions and SIMS in the Wiley book, but after the first couple of times you start to memorize the question. Plus with the MCQ's, there is usually only 1 or 2 that covers a more involved topic. For example, there are 2 MCQ's in the Wiley book on Detachable Purchase Warrants that Yaeger recommends doing – 1 of them is when you know the Market Value of both the bonds and the warrants and the other 1 is when you only know the Market Value of the warrants. Not that this is a difficult topic, but I learn best by working problems over and over and you can't really work 2 questions over and over again and still learn from it.

And of course with the Wiley test bank, you can't just easily pick questions on one topic like Diluted EPS and I don't like the SIMS in the testbank anyways.

[nextstopCPA]

I studied SIMS for FAR and it did not help me one bit. I personally did not study SIMS for REG or AUD because I felt that if I knew the materail like the back of my hand, then I could tackle any SIM that they gave me including the research. If you know the key words in the question set-up, then you should be ok.

FAR Passed
REG Passed
AUD Passed
BEC Passed

All aboard, this train's leaving. Next stop, TBD!

[OnMyWayToCPA]

I would most definitely buy a review product for SIM's alone. I think the reason most of us say that studying SIMS did not help is because none of the review courses put as much effort into developing their simulation review questions as they do the MCQ's.

So if there was more effort on the part of these providers towards the SIMS, i think it would be beneficial.

I don't agree that learning the concept is the only thing that's important. There are two steps to totally mastering something. 1)understanding the concept and 2) applying the concept. Reading and doing MCQ's is great for understanding the concept but it doesn't give us a chance to practice application.

B - 79 PASSED (1/4 there!)
A - 77 PASSED (1/2 there!)
F - 79 PASSED (3/4 there!)
R - 83 PASSED (DONE!!!!!!)
Review Course: Lambers , Wiley and Ninja

[valueofnothing]

hey, i just wanted to bump this up now that there are probably some new people on this board prepping for/passing/failing tests. please let me know your thoughts on this.

REG - 81
BEC - 88
AUD - 85
FAR - 81

[Author]

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