[jeff]

Recommended prep time for FAR is 6-8 weeks @ 20 hours a week.

FAR Study Notes: https://www.another71.com/cpa-review-store/

Study Videos: https://www.another71.com/cpa-exam/cpa-exam-review-video/

[FARbehind]

no_life

I have similar experience with FAR, it seems like I get much more computational questions than theory questions. Most people here say they have opposite experience. I dont' know what to think. I don't mind computational questions most of the time, but cannot handle too many of them because of time constraint. No miracle story from me because I didn't pass but I hope you passed this time. As long as you did well on mcq (and you sound like you did) and did some work on the sims you have a good chance of passing. Best of Luck with your score!

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

[no_life]

thanks FARbehind. i hope i did will on MC. good luck taking FAR next month. hopefully we both pass and don't have to take this animal again in 2011…

BEC [50, 67, 78]
AUD [64, 81]
FAR [46, 70, 66, 81]
REG [69, 71, 81]

[tax_vixen]

Took FAR on Saturday. I hadn't revisited chapters 1 – 4 in Becker for a few weeks so I crammed those for 3 hours before my exam. I'm glad I did that because I found many questions that I thought “oh yea I know that I read that this morning”. Unfortunately, I had very very few questions on the topics I really focused on. I still feel like I passed but that was a bummer.

AUD - 92 :: REG - 99 :: FAR - 92 :: BEC - 82

[FARbehind]

tax_vixen,

Sorry for stereotyping, but looking at your scores, you could pass even without studying. One of those superhumans… I can see you posting the next paper in your cube… Good luck!

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

[Aldog]

Hey guys,

Im new on the forum…Ive been studying since JULY!!! for FAR and AUD (finally set dates after NASBA took forver, nov 16th is AUD and FAR is the 18th)…figured I really wanna pass these 2 before IFRS is inherited next year, i jus completed undergrad at Loyola in MD and despite cheating my way thru college, have at least someeeee knowledge left.

I have the Becker stuff-in the beginning I started watching all lectures, doing MC, failing them, then redoing them, and “memorizing” answers…only to find out now when I go back i have NO clue…idk how I feel honestly-I think it really is gonna be a crapshoot as to whetehr I get ?'s I know vs. questions I dont.

I started about a month ago just doing the “Progress Tests” for every chapter (except F8 & F9, which havnt even looked at yet…gonna do them in about a week so its fresh becasue it seems as though govt/not4profit is really crazy) and working thru the m.c….when I get one wrong, I look at answer right away and make a post-it note or index card and stare at it everyday when I go to work…I really think this is gonna help when Im in the test and can hopefully visualize some of my cubicle walls.

Im also VERY worried about the journal entry aspect fo this test…Becker really doesnt cover it AT ALL and I still find myself using the pneumonic from freshman year of college to just remeber what to DR (AED = Assets, Expenses, Dividends) and what to CR (LCRR = Liabilities, Common Stock, Revenue, RE) haha…Should I be worried about the journal entries as much??? Im thinking if they come up, it will be on m.c. that should be easy enough to dissect, or worse, a Simulation that I will be totally screwed on..? Any suggestions about Journal Entry studying would be great or ya know what to really focus on (not easy ? I know….)

GOOD LUCK TO ALL…if anyones taking the test in Penn Plazas 16/18th Ill see you there!

One more thing, This has been very overwhelimng but after reading a post somewhere about needing to have a POSITIVE attitude with regards to passing Ive kept it in my head that “Im going to pass”, and it really helps when studying

-Al

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[Anonymous]

well u should pick up YAEGER and forget becker if u think that yr MCs wont be enough to enable u pass.

i am truly grateful to Yaeger for its teaching using Journal entries…..bcos it is what accounting is all about…and one shouldnt be a CPA without this knowledge….just my 0.02$

[Anonymous]

Hi everyone

I am new to this forum and reading through the postings, I found useful hints on studying for FAR. I have problem understanding some concepts in NFP accounting. I will appreciate if someone could please explain how investment gains and losses are treated. When is a G/L on endowment fund classified as restricted?

Thanks

[CajunCPA]

I take FAR on Tuesday (November 2nd) and I'm officially freaking out…I'm so overwhelmed with the amount of material I truly need to focus my final review on.

If you only had 5 days left until the FAR exam, which areas should get the most attention?

REG - 78 Expired 11/24/11 - Oct/Nov 2013
FAR - Retake for the 5th time - Jan/Feb 2013
BEC - Retake for the 4th time - April/May 2013
AUD - Retake for the 3rd time - July/Aug 2013

[Aldog]

wow KDG03 Im in the SAME boatt haha except I have about 18 days til the test… Ive been studying since July and readiong forums and doing an insane amount of work and this is my gameplan I came up with for final review for the 16 days (also have AUD on 16th):

-Each day I have just enough to review every chapter in FAR and AUD (F1-9, A1-5) plus a couple days left over which Ive allocated (I hate my new vocabulary…) to Financial Ratios.

I dont know what review course you have if any, but my plan is to skim each chapter in Becker and mainly check out the Pass Keys and rewrite them, I feel like they have awesome info/tips on the specific little tricks…then do as many of the supplemental multiple choice I can for each chapter (usually like 70-100)…and then just HOPE I somehow have been retaining all this and dont choke 🙁 ….but i WONT haha gotta be positive

Now, with your 5 days…not a lot but DONT FREAK OUT…from what Ive gathered on these forums and others is that that si the worst thing you can do-youve put in your time and now its a matter of applying it in a pressure situation, whihc youll do fine. Because you have such limited time, and deifnitley not enough to go over each chapter, I would do some Progress Tests/FAR sample exams and keep doing them over and over and over for the first 3 days…

As your doing them, make sure you NOTE which stuff you have NO IDEA or jus not refreshed on at all….I would create a list of those and use the last two days really keying in on specific problems you have trouble with…

Again, this test is so relative so it really is a crapshoot as to whether we get stuff we know or dont know…Be positive, take your time, focus & really read the questions…My new thing for multiple choice whihc has been a LIFESAVER is that I read the last sentence of each multiple choice answer first, then look at answers to see if a “0”/NONE is involved…AND THEN I start reading the detail…It has really taking some of the overwhelming calculation problems from FAR and made it soooooooo much more understandable

Goodluck kdg03 your gonna kill itttt

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[CajunCPA]

@Aldog– Thank you sooo much for the advice. That has definitely helped calm me down a bit. I really appreciate it!

I just started using Becker about a month ago. Before that I was using CPAexcel. SO with it being towards the end of studying the material and attempting to transition between different review material, I have been a little bit overwhelmed. So your advice will help me focus a little more while studying/cramming this weekend.

Goodluck to you too Aldog! I know you will do great as well!

REG - 78 Expired 11/24/11 - Oct/Nov 2013
FAR - Retake for the 5th time - Jan/Feb 2013
BEC - Retake for the 4th time - April/May 2013
AUD - Retake for the 3rd time - July/Aug 2013

[SONIA]

Wow reading all these posts has me nervous and make me think maybe i shouldn't postpone Far for 2011. I took live classes with Becker for FAR during the summer and didn't understand everything so I started studying with lectures about 2 weeks ago and I still don't understand some of the concepts..F2 was painful to get though and left me feeling nervous and not sure if i should take FAR. I am on F-3 right now and some of the concepts are starting to make sense but now i am worried since i have a month before the exam ( i take it on Nov 29th.)..if I have enough time to get through the rest of the material and even have a shot at passing this exam or should I just continue studying and postpone the exam till next year? I passed REG in May..studied for BEC and failed by 5 points in Aug..waiting for AUD scores and am feeling a bit burnt by all the studying and FAR is my least fav subject..finding it really hard to focus! Guys, Please tell me Should I just keep studying and postpone the exam or continue to try to understand the concepts and attempt the exam as scheduled?

[jeff]

The following is from the Wiley CPA Review FAR Online Test Bank.

Used with permission from the Publisher.

Topic: Accounting Changes

The 2009 financial statements of Bice Company reported net income for the year ended December 31, 2009, of $2,000,000. On July 1, 2010, subsequent to the issuance of the 2009 financial statements, Bice changed from an accounting principle that is not generally accepted to one that is generally accepted.

If the generally accepted accounting principle had been used in 2009, net income for the year ended December 31, 2009, would have been decreased $1,000,000. On August 1, 2010, Bice discovered a mathematical error relating to its 2009 financial statements.

If this error had been discovered in 2009, net income for the year ended December 31, 2009, would have been increased $500,000. What amount, if any, should be included in net income for the year ended December 31, 2010, because of the items noted above?

• A: $0.
• B: $ 500,000 decrease.
• C: $ 500,000 increase.
• D: $1,000,000 decrease.

The answer will be left in the comments below.

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[wishfulthinking]

So…I am taking FAR on Oct 31st…Hoping & praying that I am prepared when I walk into that exam. I am feeling a bit overwhelmed at the moment thinking of all the material I've studied for the past 8+ weeks for this exam….Here goes for hoping all that information stays in my brain until I take the exam. 🙂 Good luck to everyone taking FAR this window.

REG 85 | FAR 85 | AUD 88 | BEC 76!!! DONE!!!!

[Anonymous]

For those of you that have taken FAR, I just took it. Man, was it tough! Hopefully a 75 however. What does it mean when the pencil in the simulation does not turn blue? One of my tabs I completed, but the pencil did not change colors at the top of the screen. Did I forget to do something?

[Anonymous]

So I tried to follow Jeff's video on the score releases for Q4, but was getting a tad confused.

If I just took my test on Friday, October 29, when should I expect to see my score. I am assuming in Dec. Thanks.

[Author]

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