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Hope you good people will have some ideas for me.
I am taking Financial reporting 1 and 2 with UNA via CPA Wiley. While I like that CPA Wiley is pretty thorough, some aspects are frustrating. For ex., the chapter on BS talks about all kinds of stuff but the actual stuff being tested in their MCQ’s that follow. For ex., current assets include CSV of life insurance for corp. execs and salaries advances, along with advances made to suppliers. I only get to know this while doing MCQ. It makes no mention of this in the study guide. I take detailed notes and review them only to find they are useless for the test bank! Professor Farhat’s lectures on Youtube are more useful to answer these than the study guide!
It takes me more than 3 hours to get through a chapter because I take notes on everything and there are 5-6 in each module, with a total of 8 modules. I just can’t seem to figure out what’s important, so I take a lot of notes.
I study full time and am not getting through much. I find I learn so much better doing just MCQ’s and don’t retain much from the study guide because not many questions on that stuff is in the test bank. I review my notes on it painstakingly every morning but takes me another hour or so.
Another example is the FV chapter where there is a section in the guide in which it tells you about specifics of FV disclosure in IS and BS. I am damn sure I won’t retain any of that a day in and my notes cant get too concise due to sheer amount of details
I am kind of at my wits end. What should i do? SHould i just go slower and expect to complete the courses slower than I intially thought? Should I quit the note taking and only watch the Youtube lectures where I am not comprehending things?
Disclaimer: I am seeing these courses for the first time and haven’t taken accounting classes before.
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