9 days till FAR… any advice?

  • Creator
    Topic
  • #1665646
    itooshallpass
    Participant

    I have 9 days left till I take FAR, my first attempt at any section. I’ve gone through Roger material 2x and rewritten all my notes. I took my first mock exam today and got about 68%. I also have Ninja MCQ but haven’t used them much. I feel like I’m familiar with everything but just keep making mistakes because I get some little rule or criteria wrong.
    What strategy would you suggest going forward? Should I focus on more MCQ and practice tests? Or review notes more? What has worked for y’all in the 11th hour?

Viewing 11 replies - 1 through 11 (of 11 total)
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    Replies
  • #1665659
    Kimberly
    Participant

    MCQs have been my friend during the final stretch, to hone in on any areas that aren't my strongest. I find it also builds a little confidence. Best of luck.

    #1665662
    Bourne
    Participant

    Run. Run very very far away

    #1665679
    Accounting Adam
    Participant

    I have currently gone 3 for 3 with the FAR results due in December. I always donate my last two weeks to seeing upwards to 200 questions daily. I'd write down my wrong answers and input my score – per multiple choice test, by section of the becker book (ex: F1, F2, F3, F4, etc..), into a spreadsheet I had made.

    This shows you your weakest area. After 500 questions, make your weakest section – for me it was leases (F6 I think) – your strongest section. Once you've hit 1000 questions of practice multiple choice you should be averaging around 70%. You will be ready then!

    Good luck.

    #1665694
    itooshallpass
    Participant

    Great advice, Accounting Adam. Thanks!

    #1665721
    Anonymous
    Inactive

    I agree-focus on your weakest areas. DO NOT underestimate government accounting and NFP, I was dismissing it but glad I reread the chapters and redid MCQ on it leading up to the exam. Ninja MCQ is great for diagnosing your weak areas and doing them in small chunks. Don't get bogged down by very complicated questions-the real deal is much more straight forward. Look at newly released AICPA questions, the AICPA practice test and the SIMS in your review course. Focus on DRS ones and JE ones.

    #1665733
    Anonymous
    Inactive

    @AccountingAdam when you do the multiple choice problems on Becker by each chapter (F1,F2, and so forth) do you do all of them by each module or do you do the progress test??

    #1665755
    Anonymous
    Inactive

    eas0014-I know this question isn't addressed to me, but I figured I put my 2 cents in-I would do progress tests by chapter in Becker to see where I was, then go back to Ninja to work on those particular areas. (don't know if you are using Ninja). Regardless, I did both in Becker toward the end-do by chapter-20 questions is enough to point to weak areas. Then do a cumulative one say Chapters 1-3. I did a progress test on Chapter 8 and scored a 65 the night before the test. Then I did F1-F10 and scored a total of 88, and decided that it will be my last test in Becker. LOL I think doing both cuts is beneficial. I also went to Becker modules and re-did all MCQ on particularly iffy areas like non monetary exchanges and gov't accounting.

    #1665761
    Accounting Adam
    Participant

    I would start with 10 progress test questions – 1 from each chapter. Eventually I'd work up to 30 question progress tests, in order to simulate the exam.

    The reason for 10 at first is because I'd usually get about half wrong and I wanted to reduce the amount of time I spent rewriting the wrong answers. Once I started getting some solid grades I'd walk the questions up to 30.

    Another thing that was mentioned was the focus on NFP & Gov't accounting. This is huge because the SIMs from those 3 chapters are soo rare. This means out of all 10 chapters, the final 3 could show up the MOST in multiple choice. Kind of counter-intuitive…

    #1666096
    Chris
    Participant

    I'm in the same boat itooshallpass….Taking FAR on the 27th. My brain feels like scrambled eggs and I'm trending between 60-70 on my Wiley MCQ, which doesn't mean much because that is how I was doing before I took the other sections, but FAR is a whole other animal so it has me worried.

    I second the comments on gov't and NFP. If you get down to the wire and you still don't feel ready, I would say spend the last day focusing on the heavy hitters; gov't, NFP, BONDS, Pensions, Statement of Cash Flow, EPS, cash to accrual (and vice versa) and Inventory. It's almost a sure thing that you will see several of each of these types of questions.

    And always remember that we are all in the same boat. I don't know anyone who walks into the testing center thinking they studied hard enough or will ace the exam. On the same note, most people that pass walk out thinking they bombed it.

    #1666178

    I agree with Kimberly- if you asked me over the weekend whether I stood a chance on this exam (scheduled for 12/6) I would have said no. It was very frustrating to see those scores of 30%-50% correct. In only a couple of days my scores are picking up (60s,70s and even a couple of 80s). This is all within days so if you keep at it more will stick.

    For this exam tho I fear the SIMS like never before. Does anyone have any strategies for studying? For the other three parts I focused on MCQ only and winged it with the SIMS. I don't feel like I would be so lucky this time..

    #1666289
    Accounting Adam
    Participant

    My advice for the Sims would be to set aside 5 topics you hope to see in a Simulation question. For me – Consolidating, operating/capital leases, changes in acc princ vs estimate, cash flows, etc.. I selected those I mentioned because they seemed to be difficult to me at the time.

    Master those 5. Call them your bread & butter. Chances are you will see one of your bread & butter questions – and you will cruise through, leaving more time for a tough one.

    Vision what the question will be asking you. What would YOU make a candidate do to prove he is qualified?

Viewing 11 replies - 1 through 11 (of 11 total)
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