[Anonymous]

I took FAR 11/20/10 but I’m really worried I didn’t pass, so I’m going to go ahead and start studying to take it in January. For those that have taken it in 2010 and have started studying for 2011, how much different is the material? Is the IFRS stuff just extra material to learn or do you have to relearn how to do things from the ways they were taught in the 2010 material? Like would it be the same questions as 2010, but under 2011 the answers would be different?

I appreciate any help anyone can provide!

[FARbehind]

IFRS mostly adds extra material.

The few things that changed include the GAAP hierarchy. There is no more house of GAAP and hierarchy. Instead there is the codification and it is structured differently. Also, there are certain new provisions that were added based on new regulations from 2010 but not too much. For IFRS, you will need to learn the differences to FASB (when applicable) but whatever you learned from 2010 materials still applies. So it is not going to be study from scratch, just adding more. Enjoy! We'll be in it together.

aud,bec,reg-passed
far-->75 Done!!!!!
ethics-100

[Anonymous]

Well, Becker is taking their sweet time sending me my updated material. In the meantime, what can I study that hasn't changed from 2010 to 2011?

[FARbehind]

LSUCPA,

you can skip chapter 1 and 2 and study all the rest. All the FAsb methods remain the same: cost and equity method, consolidations, inventory, bonds, leases, gov acctg… you can study from your old book. The additional IFRS stuff you can study later when you get your book.

aud,bec,reg-passed
far-->75 Done!!!!!
ethics-100

[Anonymous]

Thanks!! Have you gotten your score yet or are you just an eternal pessimist like me?

[FARbehind]

I haven't gotten my score but I left everything on the simulations blank (except WCs) due to lack of time so I am not expecting positive outcome…

aud,bec,reg-passed
far-->75 Done!!!!!
ethics-100

[futurecpa1986]

I have a similar question regarding Becker's Audit 2010 v Audit 2011. I hade not receivEd my materials and would like to begin studying. Are there significant changes to ch 1?

FAR: Passed
BEC: Passed
AUD: Passed
REG: August 2011

[Anonymous]

FARbehind,

I have heard several people leaving their simulations blank and passing. You may surprise yourself!

[FARbehind]

LSUCPA,

very unlikely but thanks for feeding my crumb of hope!

If that happens I will take you out to lunch.

you might surprise yourself too. good luck.

aud,bec,reg-passed
far-->75 Done!!!!!
ethics-100

[Anonymous]

Ha… I'm taking you up on that! And thanks, I'm praying for a Christmas miracle.

[Author]

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