Broag: Sounds like you have a lot going on right now. As if studying for the CPA exams wasn't enough! Given what you described, here is my 2 cents. Read below if you really want honest advice, not just a pep talk.
“Spent over 2 months preparing for my FAR exam that is in three days. I have gone through all lectures, MCQ, and SIMs. I am doing progress tests now and only scoring on average 50-60 percent. I've also been studying JEs pretty hard. I feel really uncomfortable going into this exam.” Going into ANY of the exams so far I have felt unprepared. You said you spent over 2 months studying, but that is really just a number. It sounds like you work full time, so you weren't studying full time. Was it really quality study time? If so, I would say you should be scoring higher averages.
“In addition, I'm right in the middle of tax season and my wife is due to have our first child in two weeks. Feeling a ton of pressure. Should I be putting this exam off until April or May?” First of all, congratulations! Having children will be the hardest thing you ever do – trust me, I have three of them. It may be a good idea to hold on until April/May as long as your NTS won't expire. But, I do have to forewarn you, you will have many sleepless nights ahead with a newborn, that coupled with tax time and you may find you don't have adequate study time for April/May either.
“I feel super uneasy about MCQs and just okay on SIMs. Should I go through all MCQ homework again?” Slow down and think about WHY you are so uneasy about the MCQ's. Is there one or more areas that you are really have a difficult time with? A person can do MCQs all day, every day and still fail the exam. That is what I did!!! I got to the point that I had the MCQs memorized. So while I knew the answer, I didn't COMPREHEND the answer. Take my advice…don't do it the way I did! I lost hundreds of dollars when I should have just paid the reschedule fee!
“How quickly do you get through the MCQ the second time and does it really help that much? For me, hammering out unlimited MCQs doesn't seem to help all that much.” Me neither! I learned my lesson my first time around with FAR. My second and third times going through the MCQs was S-L-O-W. I would write out a JE for EVERY possible question – even when it didn't require me to! And, for EVERY single question I got wrong I would make a flash card, but the key to that was to put it in my OWN wording and not just copy down the MCQ. I had to dig deep to get through FAR. I did it and YOU can too!!!
Best of luck! Let us know what you decide! All the Ninjas are rooting for you because we have all been in the same boat!!!
FAR: 74, 83
REG: 76
BEC: 77
AUD: 89
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