I don’t like GLEIM – FAR section

  • Creator
    Topic
  • #1746305
    Vicky
    Participant

    This is just kind of a mini rant, if you like Gleim and it works for you that’s totally fine. After reading lots of good reviews about the Gleim review system (that it “over-prepares” you), I decided to purchased it. The book is unnecessarily wordy, videos are boring, and some of the explanations for MCQ questions are horrible. I bought the Ninja package and found the book and Bob’s videos to be much easier to understand. I also watched some videos from WileyCPA and Roger on youtube and found those to be much more engaging and informative than Gleim CPA Review‘s tools. Just as an example, here’s a question related to PPE from Gleim:

    Cole Co. began constructing a building for its own use in January. During the year, Cole incurred interest of $50,000 on specific construction debt and $20,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during the year was $40,000. What amount of interest cost should Cole capitalize?

    The correct answer here is (A) $40,000. I tried understanding the explanation provided by Gleim but just got more confused afterwards:

    Material interest costs incurred for the construction of certain assets for internal use are capitalized. The interest to be capitalized is determined by applying an appropriate rate to the average qualifying expenditures accumulated during a given period. However, the interest capitalized may not exceed the amount incurred during the period. Thus, $40,000 of the interest incurred on the construction is capitalized.

    I searched the same question here and found someone else posted an explanation from another prep course, and it was straight forward and easier to understand:

    The amount of interest cost which should be capitalized during building construction is the lower of avoidable interest or actual interest. Avoidable interest equals the interest computed on the weighted-average amount of accumulated expenditures on the building ($40,000). Since actual interest is $50,000 + $20,000 = $70,000.00 $70,000, the amount capitalized should be $40,000.

    Maybe I am just really dumb, but that second explanation makes much more sense. Anyway, I guess I just really don’t like the Gleim system overall, and it doesn’t help that it makes you feel like a failure for never “completing” the study units until it says so. I can only hope that Gleim gets better for the other sections.

     
    “gleim-cpa-review”/
     

Viewing 12 replies - 1 through 12 (of 12 total)
  • Author
    Replies
  • #1746314
    Pokey
    Participant

    I second that.. I too am burned out on extremely long questions and the adaptive system overall. I do plan on using it still for the simulations and Ninja for MCQs.

    A - 79
    F - 77
    R - 83
    B - 75

    AUD - 74 (3x), TBD
    BEC - Sept16
    FAR - TBD
    REG - TBD

    #1746315
    Anonymous
    Inactive

    I choose Gleim for FAR because I read it over prepares you. So obviously I wanted to be over prepared. I have the time to over prepare. But yeah it is a pain. Many times it takes me half an hour to understand a MCQ. It is what it is. I Don't know how other study guides are because I never used to them. I already invested so much time and effort into Gleim – I might as well keep at it.

    #1747697
    alloverit
    Participant

    Gleim is for those who like to self-study…tackle information head-on and wear the material down versus the other way around.

    I loved Gleim, but if you're looking for engaging videos you should have bought something else to begin with as that is not Gleim's game.

    Good luck

    FAR 81

    AUD 83

    BEC 93

    REG 84

    Ross

    #1747737
    Skynet
    Participant

    Believe it or not, i spent 7 months on FAR for the previous exam format. That length of time allowed me to hit practically every area.

    AUD - 90
    BEC - 78
    FAR - 84
    REG - 87
    World Domination Plan

    Phase I : Pass CPA Exams - Complete
    Phase II : Megan Fox - In Progress
    Phase III : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
    Phase IV : Form the new Charlie's Angels with Megan Fox, Scarlett Johansson, & Gal Gadot
    Phase V : TBD

    BEC : 78
    REG : 87
    FAR : 84
    AUD : 90

    World Domination Plan

    Phase I : Pass CPA Exams - Complete
    Phase II : Megan Fox - Initiated
    Phase III : Bring back 8-Tracks
    Phase IV : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
    Phase V : TBA

    #1748108
    Tncincy
    Participant

    I tried Gleim's trial for far…No I did not like it. It reminds me of Cpaexcel which was too monotonous. I needed to get to the point, so I didn't get gleim. I am using Ninja at this point.

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    #1748189
    Christy
    Participant

    I used Gleim test bank and SIMS for both AUD and REG. I needed the extra push over Becker and Ninja. I didn't want to spend the extra $250 when I started studying for FAR so just stuck with Becker and Ninja Sniper. Passed FAR the first time I sat for it.

    B - Pass 10/16

    A - Pass 5/17

    R - Pass 3/18

    F - Pass 1/18

    #1748412
    Tncincy
    Participant

    I'm so tired of spending money until I'm gonna need a part time job just to cover the cost and study materials. I need to pass soon!!

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    #1748459
    Anonymous
    Inactive

    The Gleim answer actually seemed more practical to me, i.e. lets you reach the correct answer without even mentioning lower of avoidable or actual. But this wouldn't be the first time I misinterpreted or even understood the opposite of what the answer was saying.

    A: 75
    B: 72
    F: 78
    R: 75

    #3189347
    Fresh
    Participant

    Gleim is a great supplement and reference to other CPA reviews. But yes, their MCQ's are a bloodbath.

    The only time it really works, is if you are extremely hard headed, and you need something to break your head in about a topic you just don't get. lol.

    AUD - 75
    BEC - 78
    FAR - 81
    REG - 77
    The Real Slim Shady
    #3191975

    You said something very important about Roger's lectures being engaging. I use Roger and I can tell you the lectures are the most important part of a review course. You will sit through hours of lectures and if they are boring and terrible you'll hate every moment of it, I honestly can't imagine sitting through 40 hours of boring FAR lectures. Roger's lectures are really good, he is funny, engaging, fills the lectures with funny stories and examples from his career… Really enjoyable to watch. I truly believe he has the best lectures among the CPA review courses. Try the free trial, watch a few lectures, solve a few MCQs and see if you like it!

    #3210389
    LD-407
    Participant

    When I was sitting for FAR, I had previously been using Wiley and ended up switching to UWorld Roger's CPA review. I hadn't heard much about them before, but I wish I had just started with them in the first place! It would have saved me a lot of heartache, time, and money. I had struggled with FAR for nearly an entire year and failed twice with very little score improvement. I decided to try one of Roger's subscriptions so that I could just have access to FAR, I ended up passing with a 17% score increase. The whole experience was night/day, Roger's had better lectures, the reading material made sense, and the MCQs were spot on, plus they had less MCQs for me to get through which saved me a lot of time. I'm using them now for REG.

    LD
    #3215549
    accountantsteve
    Participant

    I'd recommend trying Roger CPA's course. His lectures were entertaining, which helped me stay motivated.

    Accountant Steve
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