FAR Study Group – Q1 2018 - Page 9

Took FAR today. I'm sure I did well on MC but “SIMs” were much more difficult than I expected. Granted, I didn't spend much time on those since most of the ones I saw on Becker review seemed like I would be able to work them even without practice. If I don't pass, then I know I'll definitely need to make sure to go back and do the skills practice and SIMs. There are some skills practice that, had I actually worked out before hand, would have helped me greatly.

@jess yup! What @jastansel said! DRS are sims when they give you memos, emails, or other documents to review for information.

Hello. I am planning on taking my exam 2/24/18, and using Roger CPA review for all 4 sections.

For the last 2 weeks, I would suggest do comprehensive exam and make sure to treat it as if you were taking the actual exam. I recently took FAR on 1/6/18. It was indeed heavily tested on Govt/NFP I saw like 10 questions about them mixed on MCQ. I would suggest concentrate on them. I have been studying using Roger as well.

@Oldie-what I learned so far-who cares what people really do in real life, the key is to know what you need to know for the test! 🙂 LOL

@big_dolphin. Those are some impressive scores. what review program are you using and what was your study plan like? if you don't mind sharing.

Been studying for about 3 weeks now and just hit my first mammoth bump in the road: Notes Receivable… Any suggestions on what to know about them. I get the basic ones where you don't discount the Note at the beginning, but after that I am struggling when the stated and market rates differ.

Hi everyone,

I am preparing to re-take FAR March 5. I first took FAR in December and received a 71. While I was disappointed with this result, I realized that I am responsible for the outcome.

In retrospect, I could have used a more efficient study plan. In my first crack at any section of the Exam, I fell into the trap of spending too much time mastering the concepts, such that, by the time I reached the end of the material, I had forgotten a significant portion of the first topics I reviewed. This time, I plan to review the book and retake notes on each topic without working problems. For sections with changes for 2018, I will read line-by-line, watch the video lecture, and take notes.

Perhaps the main reason I came up short is time management. Since I was inefficient with my time, I did not have enough time to spend on topics towards the end of my review course, namely NFP and governmental accounting. These two topics alone may have made the difference between pass and fail on my last attempt, but I know there are other areas of weakness too. This time, I'm going to put my study plan on Google Calendar and hold myself to it. I'm aiming to study 20-25 hours/week.

Good luck to you in your studies!

– Chris