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I took the FAR exam yesterday at a Prometric Test center in Northern Virginia yesterday. I originally wanted to take the exam on May 15 ,that appointment was cancelled, then May 19th in Washington DC, that I chose to reschedule and I finally I decided to take it anyway.
There has been several posts in this forum about the wisdom of taking the exam at a test center in these times of COVID-19 and I will not get into all that. It is a personal choice as to what level of risk you are comfortable with without potentially endangering others around you. So that is that.This may be a long post and written with the intent to help other newbies like me. I just turned 50 and I mentioned previously my goals are very different from the typical CPA candiate. For me it is more skill-development and potential yet uncertain long term benefits by having this diploma that I cannot predict.
My apoglogies if you find this post too long.
I had passed BEC back in March – my first section and scored well. Used only GLEIM, so stuck with it for this section as well. I work in IT and this is my second attempt at the CPA exam having tried once back in 2004 and failed miserably.
Preparation:
I used GLEIM Premium. which served me well for BEC. Started studying around March 20 and faithfully followed GLEIM plan. Took the 4 hour long GLEIM full lengh exam rehearsal and scored a low 70. So a bit concerning there. I was finding it hard to remember and not get confused by so many exceptions or alternatives to the accounting policies. I stumbled quite a bit on Pensions, and Governmental accounting. Ended up having to repeat a couple of sections. After I got through all the sections per the GLEIM methodology, I did about 1000 MCQs in study session mode. Yet I was still not feeling confident going into exam day. The night before the exam, I ran through the ‘core concepts’ summary for each chapter. in GLEIM.Exam day:
I almost forgot to print the NTS the day before and I am really thankful that I got a reminder email from GLEIM about that. My appointment was at 0730. I set the alarm for 5.30 a.m but woke up around 2:30 and could not really get back to sleep. Reached the test center 1/2 hour before. They had asked us to wait outside in our call until they called us. Test center was re-arranged with chair in waiting area kept 6 feet apart. Prometric personnel wore mask and a plastic visor over it. They cleaned door handles after each exit and entry. Capacity of exam hall cut by at least half. This time they did not do the photo and thumb print during check in. Gave us a scratch sheet and pen to take inside exam hall. Mask strictly enforced.I requested that I carry a wipe cloth in case my glasses fogged up and they refused saying it is not allowed. I did keep my mask up to the top of the bridge of the nose. I was concerned about not being able to see well due to glasses fogging but it was not so bad it affected exam experience in any material way. During the allowed 15 min. break after Tetlet 3 I wiped it well and rest of the exam was uneventful from that standpoint. I write this in such detail just to pass on my experience with those who are planning on taking the exam over the next few weeks with the masks on.
Regarding the exam content itself , I have mixed feelings. I took almost 54 minutes for the 1st MCQ testlet. It could have been nerves or inadequate preparation resulting in less confidence attacking questions or whatever. I picked it up a little on the 2nd MCQ. testlet. I was focused on not running out of time and answering each question in sequence. During the BEC exam I had flipped to higher number questions within a testlet before revisiting the skipped question. I had done that in order not to linger too long on a question and potentially miss a question I could easily answered correctly. For FAR , I felt that would have been a distraction for me personally, so I stuck with the sequence. So by the time I got through first 3 Testlets and the break, I had just a little under 1 hr 45 minutes left if I remember correctly.
I felt that Testlet 1 was hard and being in the thick of it, I was not able to get a sense of how many I got right. I am hoping that at least a couple of the ones I got wrong were pretest questions and do not affect my final score. One simulation was cash flow and I am sure I nailed it. I did very poorly on TBS #2 and that could well prove to be my undoing or may be not. One still hopes though.
Clearly, I do not feel as I confident as I did after the BEC. But then it is generally accepted that FAR is probably the hardest section. I will find out in 2 -1/2 weeks if my worries were not warranted or I need to study smarter and harded. Thanks for listening.
I will come back here in 2 weeks and post.
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