74 on FAR - Page 2

I work at a large corporation in Financial Reporting and I was an Accounting major in college. So, I studied for about 2 months using Wiley test bank and the Wiley book. I studied fairly hard but not too much on weekends. Most days during the week I would study at work when I could and then I would stay late studying with the test bank.

I thought the hardest sections of the test bank were shareholders equity and I felt comfortable with rest of the sections that most people struggle with. I have to say I did not spend a significant amount of time on Gov and NPO. After the test I felt that was my biggest mistake.

I finished the multiple choice with an hour and forty- five minutes for the sims. Even during the test I felt that it was not as difficult as I thought it would be. I felt that I had over prepared for the specific transaction questions (leases, bonds, deferred taxes, pension and shareholders’ equity). In my results I found out that I was comparable for the simulations so I know that wasn’t my problem. I knew I definitely didn’t prepare enough for some of the miscellaneous sections along with gov and npo.

I am going to start up studying again in a few weeks and take it again in October. For anyone taking FAR soon, I would say to you that it is very important to have a good understanding of everything and don’t worry if you haven’t mastered Leases or another section that you find difficult just study as best as you can and keep moving on.