FAR Study Group – Q1 2018 - Page 5

I missed passing FAR again in December with a 70. I'm looking to re take it mid January before the 2/22 score release. Can anyone give me any pointers or tips to boost my score up? I'm using becker. I also just purchased Ninja Mcq to supplement with my becker Mcq. I have been doing non stop mcq. However, what really killed me on exam day were the sims. Is there anything else you guys recommend doing besides multiple choice ?

Thanks !

@thelatebloomer, thank you. Just to clarify, so it does not matter if its amortization of bond discount or premium. They both add back under the indirect method? I understand the concept, depreciation is subtracted to arrive to NI. so, to reconcile the book, we need to add back. But amortization of bond discount and premium is a bit confusing in my end.
Thanks

@FJW92 Towards the end of my review I rewrote my notes like 3 times, each time making them more clear, concise, and useful. The day before my exam the only review I did was one short comprehensive quiz, and reading those notes a couple of times. I think the notes were the key to retaining material.

It was also SUPER important for me to take a break and let my brain recharge before testing; I was really burnt out by the end, so I took it pretty easy the day before and day of. 🙂

@itooshallpass-thank you for that note on Ninja SIMS-I had to skip out on them this time because I had no time. I think I will give my Ninja testbank/SIMS the attention they deserve, because it certainly served me well in AUD and REG… 🙂

Hi all,

Back at it for FAR – 3rd time. I wrote another post, and got some good feedback – but if anyone has any thoughts on how I should next tackle FAR, I'd appreciate it. I went through Wiley with Ninja supplement for the first take – 63. Used most of Ninja for retake – 64. Kind of stuck. I'd ideally like to not buy a full expensive course, but I need a way to kick this up and really knock it out so I can move onto my other remaining exam. I'm happy to have passed two, but the clock is ticking on the last two.

Also, anyone know if programs that offer “fail with your guy, retake with us” discounts, offer that discount for one part?? I only would need it for FAR.

Thanks in advance!

@Kimberly keep drilling MCQs until you're sick of them. Seeing repeat questions is fine, even encouraged, as long as you know WHY you're answering each question.

After finishing video lectures I set aside 2 weeks where I just did 150-200 MCQ a day leading up to the test…one week of 3-400 MCQ a day would've been better, IMO.

Repetition is key; there's only so many questions and variants the AICPA can ask, and recognizing them really helps. Don't bother with TBS at all — as you drill the MCQs you'll gain an understanding of rules/principals/JEs that you can then use to apply to any TBS you see on the exam.

I gave myself 7 weeks for FAR, but if I had to do it again I'd cut that to 4 weeks, because towards the end of the lecture portion I was starting to forget the earliest material.

I did a handful of sims but ultimately felt like they were a waste of time. The ones published by Roger/Becker look nothing like the real thing, and I'm assuming the same is for the other test prep companies.

Think of the sims as 4-7 MCQs glued together (especially for the DRS). If you keep hammering the MCQs you'll be mastering the concepts and journal entries that end up being used for the sims anyway, making it a far better ROI on your time.

I'd also say to ignore the advice going around this forum about studying for the blueprint…there seems to be a fairly strong correlation between posters advocating “gaming” the system and posters retaking multiple times. I walked outta the exam in December feeling good about the gov't/NFP questions, not because I looked at an AICPA powerpoint on question distributions, but because I did ~500 MCQ (with repeats) on them.

Someone please help!

For some reason Percent of Completion method keeps screwing me up.

In order to calculate the GP %, I have confusion with what the total estimated cost should be. Some scenarios this number has been given, and other scenarios you have to add costs to complete to incurred costs.

If someone can please clear this up for me or give any tips on how to quickly figure out the correct ratio of numbers to use for the GP % that would be greatly appreciated.

Thank you!