FAR Study Group – Q2 2018 - Page 8

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  • April 4, 2018 at 10:41 am #1756465
    Anonymous
    Inactive

    Ha somehow my signature got messed up, a 270 on FAR…haha

    April 4, 2018 at 12:09 pm #1756540
    glopooka
    Participant

    Took FAR (first exam) Monday. I think it went well and left with time on the clock also. Used Becker and I would suggest hitting MCQs before exam day and do a couple of Mock exams (or AICPA tutorial) to get used to the system before hand. It was less stressful in the actual exam because it was just like sitting in my kitchen doing a Becker mock exam on my own computer. Good luck to anyone taking FAR. Now on to Audit. Waiting until June is going to be so frustrating. lol

    April 4, 2018 at 12:24 pm #1756550
    PDiddy2000
    Participant

    @gplopooka

    I took FAR Monday too. Now I'm preparing to take AUD on May 8. I originally thought that I could take my mind off not knowing my results for FAR until June by studying for AUD but I'll have these sudden instances where I think I failed. Thirty minutes later, I'll have another instance thinking that I may have passed. I do know that I couldn't complete one SIM because of time constraints. I read that thing like 5 times and couldn't figure it out and still had 4 other SIMs to do. I'm just hoping that was a pretest question.

    April 4, 2018 at 12:39 pm #1756559
    satyakatiwal
    Participant

    Feeling good to read that all you could finish ahead of time.practicing Analysis SIMs and trying one or two application which I won’t be able to do if it drops in test e.g Govt wide FS , my nightmares.
    So far going good. Last time got 74 , hope to cross 75 this time.
    Somehow I feel they will give Bond SIMs so practiced that too.
    Folks , let me know any SIMs which you feel are WT heck type , don’t want to take any risk .
    I am assuming they can ask anything which under FAR planet.

    April 4, 2018 at 12:43 pm #1756583
    Anonymous
    Inactive

    Only Analysis will be SIMs don't waste your time doing SIMs that aren't. They state that clearly in their webinars. Just do MCQ for the other sections. Practicing SIMS is a really inefficient use of time and a poor way to absorb material. MCQ is much better. Should only focus on being comfortable with SIMs that fall into Analysis.

    April 4, 2018 at 12:51 pm #1756598
    satyakatiwal
    Participant

    Thanks a lot AF , you saved my time.first time on this forum someone is saying mCQ mcq . God bless u

    April 4, 2018 at 12:54 pm #1756601
    Anonymous
    Inactive

    Just make sure you dig through and find sims that correlate to the analysis topics and be sure you can do those.

    April 4, 2018 at 1:00 pm #1756612
    satyakatiwal
    Participant

    Sure AF , how did you practice SIMs , Gliem and sample test ?

    April 4, 2018 at 1:06 pm #1756618
    Anonymous
    Inactive

    Yeah that's it. I thought Sample test gave me a good idea of what to expect. Then just did SIMS from Chapters that aligned with the Blueprint Analysis. If I got SIMs in the set that didn't match any Analysis section I would skip it.

    April 4, 2018 at 1:22 pm #1756637
    satyakatiwal
    Participant

    Thanks a lot AF for all the tips n hope.

    April 4, 2018 at 1:43 pm #1756654
    PDiddy2000
    Participant

    Not to throw a wrench into @AF's plan but application skills can be SIMs too but most likely will be MCQ. This is according to the AICPA. Looking at the Blueprints is a must though.

    April 4, 2018 at 2:39 pm #1756723
    Anonymous
    Inactive

    I got 1 SIM that wasn't Analysis. I'm willing to bet that one was pretest. In the Webinars, they clearly state that Analysis (and Eval) is SIM material. I spent 0 minutes practicing any SIMs that weren't Analysis.

    April 4, 2018 at 3:21 pm #1756763
    PDiddy2000
    Participant

    yeah, I'm sure the chances of an application skill being a SIM is slim but I attended the AICPA webinars too. They clearly stated that application skills will mostly be MCQs but can be SIM. Also, remember that everyone doesn't get the same test. You could have just gotten one that didn't have a SIM to test application skills.

    April 4, 2018 at 3:48 pm #1756792
    Anonymous
    Inactive

    The blueprint makes it pretty clear what you'll be asked to do. There are definitely application skills asked on the SIMs, naturally. For Example:

    Statement of comprehensive income
    A) detect, investigate and correct discrepancies while agreeing the statement of comprehensive amounts to supporting documentation

    This tells you EXACTLY what you need to be able to do. All of the analysis are written in similar fashion. In order to be able to do that, you would have had to apply lower order skills.

    April 4, 2018 at 5:09 pm #1756891
    satyakatiwal
    Participant

    @AF ,how large or max number of documents were there on SIMs? Last time it was manageable, in fact of of the sIM I was surprised that it had no documents.

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