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Hi guys,
I spent about a whole YEAR studying for FAR, 6 hours a day 6 days a week. I know that sound CRAZY, but the reason it took me so much time is because my basic concepts of accounting were very weak. I used Becker. I repeated every practice problem chapters 1-9 except for optional problems 5-6 times. I had repeated my notes uncountable times, and I know the material pretty darn well. I also completed all of Becker simulations 1-2 times, including practice tests. I know I took a ridiculously long time, but I think getting into the process of studying and understanding accounting had a lot to do with the time. I put my 100% into it, and felt confident by the time of the exam.
When I took the exam the multiple choice seemed fair. Then came simulations. I was only able to answer one simulation properly, and maybe the research question. After that I had NO idea how to solve the simulations. Some of them were on topics I learned in Becker but the simulations made them seem so bizarre that I had no idea what to do. Other simulations were on journal entries that I have never studied before.
I got my result today, and as expected I got a 68. I understood the material, reworked everything in Becker numerous times. This was my first exam without a masters degree or any job experience yet. Do you guys think this may just not be the career for me? Or, is it best if I give it another try. If anyone has any tips for simulations please let me know. I know everyone is saying practice journal entries, but how am I supposed to do that when I have no idea what type of question/journal entries they’ll throw in there?
Any advice is appreciated, thanks.
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