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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.
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