2 Questions for strategy on exam day for FAR

1. For sims I didn't know how to do, I searched the authoritative literature. I generally speed through the MCs and reserve more time for Sims just so I can have extra time to search the literature. If I had to guess (generally due to time constraints) I entered a random number based on how many digits are in the problem.

If for example (only as an example. This is NOT based on my own exam experience/questions) the question asks for EPS, I would know it's highly unlikely the number would have 7 digits. So I would hypothetically enter a random 1-2 digit number etc. If it was asking for something like depreciation, I know it is likely a much larger number, similar to the amount of the asset.

2. I wrote down all calculation problems on the board provided. The reason being is that when I was doing studying problems in preparation for the exam, I can sometimes miss a decimal or move number to the wrong place in my head. So for instance, if the number is 15.05, I might accidentally select 15.5. I used the on screen calculator and board provided even for easy questions. I rather not risk losing very easy points.

I was lucky enough to have sims on all topics I had some familiarity about. Now filling them in was another story but at least I could get partial credit on say a journal entry where you know the Debit/Credit accounts but cannot accurately calculate the associated amounts.

For MCQs, I stuck to the 45 min per testlet so it meant moving quickly through the material and I would mark questions I had issues with. I think I moved forward without selecting an answer and the program highlights that question with a different color to alert you of no answer selected. As for how to figure them out, just try and hope it is pre-test.