March 23, 2022 at 12:45 pm #3310801Stephen KofaGuest
Good luck, Vicky. Please give tips on how you cleared BEC; I’m still struggling with that one. Thanks.March 23, 2022 at 12:48 pm #3310804Stephen KofaGuest
Best of luck Heather. Make sure you know how to find the answer(s) to the research question(s) in the sims. It was the key to my passing of FAR.March 23, 2022 at 12:49 pm #3310807Mack TysonParticipant
Passing Audit with 3 weeks study time? Doable?March 23, 2022 at 9:01 pm #3310813VickyParticipant
I think since I had already taken a look at FAR/AUD material, BEC seemed like it would be easier since it was less content. That definitely helped me to mentally prepare. In addition, I collected study notes that were posted by others in the Becker Facebook group and tailored them to my liking and used those as my notes which saved me time from taking my own. I also focused a lot on the writing piece by looking at the videos within Becker and their explanations for how to best write out an answer.
Not sure if you're using another resource to study but hope that helps!March 24, 2022 at 2:33 am #3310816Stephen KofaGuest
I agree with the writing part, that's one area I have been struggling because I don't leave sufficient time to answer the written portion of the test. I am trying to work on that. Thanks for the tips.March 25, 2022 at 11:55 am #3310822CaroPParticipant
I'm currently studying for the FAR exam, and it's my first exam too. I'll start focusing on the research questions, like you suggested.March 25, 2022 at 12:03 pm #3310825CaroPParticipantMarch 25, 2022 at 4:00 pm #3310888
depends if you already have taken AUD for me AUD was very critical thinking and knowing the content well and the AUD Cycle in side and out was needed to clear AUD. If you are studying day and night with breaks of course, It is doable and the only thing you will be losing is test fee. Because as long as you cleared one exam you don't want to miss a chance that you may pass at this score release, and after taking the exam you should continue to study or at least review the material till score release. That just me be cause I can't sit back and have a score release pass me while the 18 month clock is ticking.March 27, 2022 at 12:18 am #3310972HeatherParticipantMarch 27, 2022 at 12:22 am #3310975HeatherParticipantMarch 27, 2022 at 1:58 am #3310987Stephen KofaGuest
Heather, it’s a question that almost always comes up on sims part of FAR, where they ask you to cite the exact reference in FASB Accounting Standards Update (ASU) where a particular pronouncement or guidance is located. The reference has to be broken into area, topic, subtopic, and section. E.g. ASU 730-10-20-912, which talks about research and development by federal government contractors.
You have to understand how to navigate through the authoritative literature that they provide to locate the reference. It’s easy, but if you don’t know how to do it, it can be frustrating and cost you easy but important points.March 27, 2022 at 9:15 pm #3311014
I would tell you to look/check out the AICPA practice exam on any section, and every section is different due to material and AL, and you can see exactly what @Stephen Kofa means and others.
and yes it is easy and sometimes if missed will cost time and points on exam day for no reason at all so practice away.
Check it out!!March 28, 2022 at 2:29 am #3311017Stephen KofaGuest
You can also check out this guide:
https://asc.fasb.org/cs/BlobServer?blobkey=id&blobnocache=true&blobwhere=1175836072759&blobheader=application%2Fpdf&blobheadername2=Content-Length&blobheadername1=Content-Disposition&blobheadervalue2=4678990&blobheadervalue1=filename%3DHow_to_Use_the_Codification.pdf&blobcol=urldata&blobtable=MungoBlobsMarch 28, 2022 at 9:57 pm #3311029VickyParticipant
Yes, I used Becker for BEC – I don't recall using Ninja. As for the other sections, I am currently trying to figure out a solid plan but as of right now my plan is to use Becker for the lectures and MCQs and use Ninja for additional MCQs. Note taking will come from both sources between lectures notes and MCQ notes.March 28, 2022 at 10:36 pm #3311032