[Operation_CPA]

Is there any real way to tackle this chapter as quickly as possible? Right now I am just trying to think big picture, get the main points from each section, and move on. But it has been a bit of a struggle on some of the MCQ.

I am about 3 weeks out from my FAR retake and honestly F10 is just discouraging. In my head I am feeling like I should be spending my time on bonds, leases, pension, cash flows, etc. but do not want to gamble in skipping this. Maybe it has just been a rough day and I need to take a step back, who knows.

Any advice would be greatly appreciated on how to nail down some of this stuff. Is taking notes and knowing the main concepts from each section enough / Ninja notes?

[Anonymous]

Print all mCQs, and do them over and over

[reallytired]

A lot of people disagree with me on this, but I would just skip it. Maybe look at the IFRS stuff if you are a little shaky on it. I ran out of time and ended up not doing anything from F10 and still passed. Just focus on your weak areas! Gov't/nfp, bonds, leases, pensions, scf were mine!

B 10/29/16
A 10/1/16
R 9/2/16
F 7/26/16

[sancasuki]

What is F10?

[Operation_CPA]

@reallytired

I appreciate the advice!

@circadian malfunction

Fair value, partnerships, ARO's, debt restructuring, financial instruments etc.

[sancasuki]

I would do fair value and debt restructure. Definitely skip partnerships. Wiley claims FAR doesn't test partnership accounting, only REG does.

[Operation_CPA]

@circadian malfunction

I have the Wiley Test bank as a supplement and it has partnerships on there, debt restructuring, & financial instruments. Weird.

[ZacharyChambers16]

You should really take the time and study F10. As a recent Far test taker in the last couple weeks. Take enough time to get a decent understanding.

[sancasuki]

@Operation CPA

Really? Just checked now and you are right. I have the Test Bank too but have only used it for doing a few simulations. They gave free access to all the CPAExcel users a few months back…but that was after I took FAR. CPAExcel has nothing on partnerships. I remember one user asking about that in a thread on CPAExcel and she was told that it was not tested. I didn't study it and when I was doing Ninja I skipped all the sims and MCQs on the subject.

All the other stuff you listed is in CPAExcel.

[njvath]

I kind of agree with @reallytired, I ran out of time and I did most of the F10 lecture & homework (not the Sims though) but my hunch was that I wouldn't see much test material from F10 and luckily I passed. Good luck!

FAR - 76
AUD - 74, 74
BEC - 83
REG - TBD

[Valar Dohaeris]

I took FAR in July, and I had one multiple choice question on each of the section of F10. I had a MCQ on a put option, another MCQ on a call option, another on VIE, a couple on subsequent events, a couple on accrueds/contingencies, and even one on the liquidation basis. Ridiculous.

Plus, maybe it's my exaggerating imagination, but about 1 out of 4 MCQs on FAR reference IFRS. If anything, you COULD skip the IFRS section in F10 because it was covered throughout the text. Same with Liabilities.

BEC - 85
AUD - 81
REG - 84
FAR - 7/24/16

[N4]

Took far passed with a 76 (barely) and skipped f10..if u have time i would watch the lectures in some of the more impoetant parts. Anything is fair game on the cpa esp far since it is so vast

FAR (5/31) PASS (Best birthday gift ever!)

[N4]

Took far passed with a 76 (barely) and skipped f10..if u have time i would watch the lectures in some of the more impoetant parts. Anything is fair game on the cpa esp far since it is so vast

FAR (5/31) PASS (Best birthday gift ever!)

[Anonymous]

I agree with @reallytired. F10 is just a ton of stuff. Go over it once. Try to familiarize yourself with IFRS, and then focus on the “meat” of the exam, pensions, bonds, leases, gvmt.. etc. In my opinion, and on my exam, F10 was not as important as the other chapters.

[krstnam]

I did about 35% of F10 and failed miserably. Like time to consider a new job failed…

I read a lot of advice going into the exam like know pensions, bonds and IFRS vs GAAP. Well that advice worked horribly for me. I knew pensions forward and backward, I spent three extra final review days to go over bonds and F3/F4 to the point that I felt I could tackle anything in that area and be awesome.

Guess what I got VERY FEW questions on? But those four questions were a breeze LOL. Murphy's Law I suppose.

[Trees202]

Do a couple mcq but mostly just skip it. I don't think there's really anything super valuable in there and they don't even go in depth. They just want to be able to say they covered it in case it pops up on the test.

[Author]

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