Took FAR 06/01/19

  • Creator
    Topic
  • #2441901
    2bigcpa
    Participant

    Hello everyone,

    The people at the AICPA are losing their minds. I took the exam today and I left flabbergasted after my SIMS. The MCQs were not so bad. I would advise someone to know NFP and government accounting. It seemed like most of the MCQ topics were different from what I studied for. It’s as if the AICPA has hit reset and started testing different topics than the review courses.

    I don’t have much advice on the SIMS because I don’t think I could have prepared any differently because you don’t know what’s going to be on FAR and it covers so many topics. I was fine with maybe four SIMS, but I didn’t know what I was doing on the other four. I would suggest that you know the financial statements and what can affect the major accounts on them. Learning the account differences for GAAP and IFRS might help. I was hoping this attempt was my last exam (second attempt for FAR), but I plan to start back studying in a week or so.☹️ I will probably purchase Ninja because I have to pass FAR this year or I’ll lose AUD.

Viewing 15 replies - 1 through 15 (of 26 total)
  • Author
    Replies
  • #2443914
    ak_cpawannabe
    Participant

    Don’t be discouraged. I took far twice and after second exam where I guessed on at least 3 sims and put random numbers in 1, I was ready to start studying again after score release. But I passed with 78!!! 1 day before I lost audit score. Sometimes “Cpa gods” just have mercy on you:) I really wish you good luck in passing.

    #2444601
    2bigcpa
    Participant

    @ak_cpawannabe

    Thanks!

    I really hope I passed because I have been studying for the CPA exams since 2018. It's been a very long journey and I am ready for it to end.

    #2445336
    ES626cpa
    Participant

    I took FAR on 5/31 and I thought l Sims were brutal! This was the first time I walked out feeling defeated, like I undoubtedly failed. Reading about ppls experience is giving me hope! Score release can’t come soon enough!

    #2445792
    William
    Participant

    I took FAR for the 2nd time on 5/30 and felt like I studied for the wrong exam. MCQ were all over the place in terms of topics and difficulty. Sims were not easy.

    #2445852
    Pork Flavored Bacon
    Participant

    I definitely concur with Ak_cpawannabe. You guys did not fail until you see a score below 75.
    .
    As embarrassing as it is, I failed FAR four times. Fifth time was the charm for me and I scored a 75. And that 75 felt like I did worse than the 67 I scored before that.
    .
    On the test I scored a 67, the MCQ's felt like more than half were not-for-profit and governmental. I only glazed over those topics because the books I used had only what seemed like 20 pages devoted to those topics combined. I studied the hell out of those topics for the next one. I knew those topics like the back of my hand and I kid you not, there were maybe five questions on not-for-profit and governmental. I thought to myself “Yup, I'm screwed.” when I saw the simulations.
    .
    You guys probably knew a lot more than you thought.

    FAR - 75 | REG - 87 | AUD - 82 | LAW - 81

    #2446029
    2bigcpa
    Participant

    Thanks everyone for your responses!

    @ES626cpa and @William I hope we all passed FAR. My first FAR exam was over a year ago and as I stated above this exam was very random. The topics that FAR always test didn't seem to be on there and I was surprised.

    @Pork Flavored Bacon

    You are right. We haven't failed until we see our score, but it felt like it for us. Taking the exam five times just shows your perseverance.

    #2451321
    RSM
    Participant

    Hi,

    i just took FAR today> The MCQs were pretty straight forward and I felt good about myself. But the SIMS were awful. I think I got 2 correct but the rest were really tough. This was my second attempt. I was just so sure then and there that it was game over for me.

    When I gave my first attempt, I got 69 and my sims were graded comparable and MCqs weak. The SIMs were pretty straightforward and easy.

    But this time, I really could not figure out the SIMs and I am pretty sure I have failed. It seems like @2bigcpa and I had the same experience and this time around the SIMS felt the worst.

    Well, I am moving on to REG now and waiting for the scores to be out so that I can start working on FAR again.

    AUD – 77
    BEC – 81
    REG – 66
    FAR – 69

    #2452947
    2bigcpa
    Participant

    @RSM It does seem like we had a similar experience. I felt the MCQs were fine, but the AICPA changed up the exam and I didn't see similar topics that review courses cover e.g. bonds or equity method. Now, we have to wait about two weeks just to find out if we passed or not.

    #2460495
    freecloud
    Participant

    Hey guys,
    I've just started studying for FAR and been scheduled it in Mid-July. I wonder which topics have been heavily weighted on the exam.

    Thank you!

    #2462202
    lnichole99
    Participant

    Hi guys!
    I felt the same way – I took FAR on 5/30 and I felt like the sims were wayyy different than what I studied. I was very surprised and disappointed. No questions on bonds or the new lease laws?? Crazy. I felt like I was taking the wrong exam. lol

    I will be hoping for a positive outcome for us all! Let me know how it goes for you guys.

    #2463303
    2bigcpa
    Participant

    @lnichole99 I agree with you. I studied bonds, leases, and revenue recognition to no avail. Hopefully, we all passed, but we will know June 19th or 20th. Tomorrow, I plan to start back light studying just in case.

    #2468556
    ES626cpa
    Participant

    Just wanted to follow up on this post… I passed FAR with a 80! I for sure 💯 thought I failed!!
    This was my 4 th time taking it
    51,61,70,80.

    #2468799
    2bigcpa
    Participant

    @ES626cpa Congratulations! It looks like you are finished based on your profile.

    #2468853
    lnichole99
    Participant

    I got my score back last night and I unfortunately got a 74 so I will be retaking in Q3!

    #2469165
    William
    Participant

    I get to take it again.

Viewing 15 replies - 1 through 15 (of 26 total)
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