The key to passing FAR is to break it down by topics (not that I have passed, but this is my opinion). Try not to view it as daunting, view it as doable, topic by topic. I studied for FAR using 2009 Becker the first time. This time I re-did (some, not all of Becker) but have supplemented it with the ‘Final Review'. The ‘Final Review' does a nice job of breaking this exam into topics:
1. Income Statement – Deferred Taxes
2. Leases
3. Bonds
4. Cash Flows
5. Marketable Securities
6. Consolidations
7. Pensions
8. Stockholders Equity
9. Accounting Changes
10. Inventory
11. Non-for-Profit
12. Governmental
13. Fixed Assets
14. Accrual Accounting
15. Additional Topics (i.e. Interim Reporting, Partnerships, R/D, Disclosures etc.)
When you view the exam like that, it gets a little less daunting… your goal is too now look at these 15 items, and practice the areas you feel the most weak in. Sadly for me, when I started, it was all 15. Now it's probably more like 2,3,6,7,8.
Hope this helps, good lucl everyone! Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh <– Me jumping from a bridge if I fail a second time.
? AUD - 87 (8/12/09)
? REG - 77 (1/15/10
? BEC - 77 (1/6/09 - Expired) / 79 (11/18/10)
? FAR - 75 (2/11/11)