Am I crazy? FAR problem

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    Topic
  • #1525275
    Anonymous
    Inactive

    Is anyone else have serious issues with the FAR material? I’ve found that Becker doesn’t cover a lot of areas touched on in the MCQs. I feel like I am learning WAY too much by getting MCQs wrong and reading the answers. I am doing questions and find myself saying “when do they say that?!?!?” all the time.

    I also feel like the questions in FAR force you to assume a whole lot of information (more than the other parts of the exam) such as if the allowance is I/S or B/S or when valuing inventory if I should be using GAAP or IFRS.

    I can live with getting questions wrong when I didnt remember the material, or when I didn’t fully understand it…but this is driving me insane! I feel like this has happened 50 times and I’m only through chapter 3. I have no idea how to get through the material like this!

    Am I crazy or does anyone else feel like this?!?!

Viewing 5 replies - 1 through 5 (of 5 total)
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  • #1525297
    RockLobster
    Participant

    You gotta dig deep into those multiple choice questions bro. Becker explains 99% of concepts, though admittedly, the answers are not always black and white. You need to do the legwork to understand each problem you get wrong. It's tedious af, but worth it. Also, after chapter 3, everything gets easier. It's mostly memorization for chapters 4-10, and when there are formulas, they're pretty simple (with the exception of diluted EPS. That section sucks).

    #1526409
    GrumpiestMage22
    Participant

    I second RockLobster. I didn't use Becker, but for FAR, you really need to dig deep into the concepts. Do some research on questions that you didn't know. Ask someone or e-mail Becker for an explanation on the concept. FAR is the beast that just keeps on giving, no matter how much you study, it never feels like enough. Know the concepts, hit every question, stay disciplined, and you'll pass this beast.

    #1526421
    Anonymous
    Inactive

    You guys do understand that Becker is a review course right? They go over the most important topics but it is virtually impossible to expect Becker or any review course to be able to cover everything in any sufficient depth.

    #1526482
    RockLobster
    Participant

    @Cessna you are right, of course no course can cover 100% of all questions you may have. But Becker does more than enough for you to understand the vast majority of multiple choice questions in the course.

    #1526878

    I used Becker and took and passed far the first quarter of 2017, on my first try. You are right about the fact that the Becker book and lectures do not go over everything you will see in the homework. This used to frustrate me so much getting bad scores on the homework just because I wasn't exposed to the specific topic in the lecture. Just repeat questions you get wrong over and over and you'll be set. It worked for me, and I felt the same way you do now. Also, F2 has the most tricky accrual accounting questions on the planet. Everyone hates those. You won't see many or maybe any on the actual exam.

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