FAR Study Group – Q2 2018 - Page 9

Hi guys, prospective CPAs

I had given far today …it sucked my life out.. mcqs were pretty good compared to sims. Honestly I tell you ..lot of practice on mcqs and Sims and mock test has to be done. I couldn't manage my time for sims. I had lot of questions on NFP, equity/ FV method , government, cash flow. I don't think I will get through 75 . Will focus on reg now and then far again ..I want to clear desperately ..has to come up with different strategy to clear the exam next time. I feel it's inevitable to clear asap as complexity is increasing ..though it's subjective view. Practice practice is new mantra!

Hey it is important to know everything……. Consolidation, Cash flow, research, Govt, NFP, ARO, inventory, Interim, Subsequent events, PP&E, DTL, DTA, I would can list all topics. 😀 The point you think this topic is not important, that's the point AICPA decides to give you a sim on it.

My experience was good except that I did not feel any difference between Testlet 1 and testlet 2 (not a good sign), 3 to 4 lines questions and doable. I marked 8 in total, I did MCQS within time limit. There are documents to read through and pick from drop down menu, so be familiar with reading a lot of documents and highlight what you need to answer.
Make sure you guys also practice research sims, and read carefully what specifics it is asking about, becoz I spent 20 min and when got back home and checked back again it got wrong just by last figure should be 4 I picked 3. So close………. Also, I did some silly mistakes on last testlet, Last question, so dumb of me I assumed something and changed all the right answers 🙁 .

After AUD exam I have to get back to FAR Practice again. If the result would be unfavorable, I would be ready to attack once again.

My Suggestion : Do lot of sims practice, MCQs and read the information carefully, No assumptions.

Exam Software : Very comfortable, just the text size was very small for me (I think I need to check my eyes 😉 ).

Well I gave FAR in JUNE-2016, So cannot compare with Q1-2018. I would say everything was doable, just need to make sure not leaving anything in the corner. Like I said the moment you think this is not important, that's the moment AICPA makes a sim on the topic ;).

I saw members who have Gleim they are better in doing sims section on the exam. So I would say keep on doing it. For MCQs, NINJA MCQs, I felt better every time I gave the exam.

BTW when is your exam?

All the best to the members for the upcoming exams. 🙂

Thanks for the wishes.

I could finish my MCQs in 45-45min both. Then 35 min for 3rd testlet and 4th and 5th within time. So this was the first time I have left with time like 10 min or so.

I did not refer much blueprints for FAR so can't differentiate between Application and Analysis. I thought better to do all sims available from ROGER and NINJA than referring back and forth with blueprints.

I would again suggest do as much sims and MCQs as possible. Because sims are overwhelming we usually go for doing MCQs, but if candidate want no surprise on the exam day do many sims and read documents. The longer the sims you practice at home, the easier it would be at the exam day to figure out. Also read the instructions for the sims carefully, don't just jump right into the documents and try to answer the question. Somewhere they say enter positive for if credit and negative figure for if debit vise versa.

I am back to AUD studying 🙂

@ahugemistake I took FAR last week…. make sure you know consolidation.. the blue prints show them as fair game for sims…. 😉

@mpr , how did it go ? I am hoping it’s gone well. Wish you good luck .

I feel so doomed. I want to study, but I feel like I do not care. My test is on Thursday, and I didn't do well on anything in the mock exam so I can't pinpoint exactly what I need to do so I feel like I need to review everything and there is not enough time.

Any motivation will help.

Thanks.