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Today around 3 hours from this post I was doing my CPA FAR Exam. I wanted to share my experience + find someone to talk to as none of the people around me understands what is a CPA as they are from other majors and industries and I am really frustrated and overwhelmed.
So, the exam was tough, upsetting, and irritating. The main problem about it was that it sucked all of the confidence that was within me you and left me confused in front of the monitor. I don’t know if I did well or I did bad, I have zero idea of how did I do, which is leading me to believe that I will definitely fail in my first attempt (even though I spend considerable amount of time preparing using GLEIM).
Now let me move to the testlets. For teslet 1 and 2 I believe that I have around 4 to 5 mistakes in each testlet. So, out of the 66 question most probably I have answered either 58 or 56 (in worst case scenario I got 54 correct questions). If the MCQs stands for 50% of the total exam result then (my average rate should stand around 44% to 40%). Then I remembered that there are around 12 questions that are not scored in the MCQs. Hence, if none of my wrong answered questions are included in these 12, then I suppose I have answered around 44 questions out of 54 (which is roughly 40% of the MCQs questions), which theoretically means I need around 35% from the simulations to pass (which is 70% of the total simulations)
The exam really screwed me up when I started with the simulations, excuse my language but the simulations raped the hell out of me, especially the simulation that had to do with investments journal entries (I don’t know why they couldn’t test me with a normal bonds question, they had to bring up bonds with no stated rates on them that are discounted). That doesn’t mean that I didn’t solve the questions, but I am not confident at all of any of the answers (is it a normal thing ??). I had so many simulations about consolidations that exhausted me. Finally clearly I have a BIG mistake (that this one is one me) in my lease simulation 3 questions out of 5 in that simulation is wrong as I mistakenly used the ordinary annuity rather than the annuity due.
I am sorry for this long post but I just needed a place to express my frustration. I know most of the above might be irrelevant but I am just typing whatever is coming up in my mind.
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