FAR – Exam Prep - Page 70

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  • #375713
    mzdima
    Member

    CPA_VA, in general what I heard and read in the forum is during the first window 1/12 there are no significant changes. But you never know with AICPA.

    Reg - Pass
    Far - 74, 11/29/11
    Bec - 66, 1/12
    Aud - 2/12

    #375714
    momof4
    Member

    Just got my score and I passed. I tested on 11/26 and I am so relieved. Now onto Reg.

    Good luck to everyone.

    BEC 84
    FAR 80
    AUD 85
    REG 78

    #375715
    MarkHarvey
    Member

    Just received my FAR score…89. I'd just like to say, do NOT worry about the adaptive testing thing. When i took it, the second set of multiple choice questions clearly did not get harder or wordier or whatever is supposed to happen. I also felt i bombed the simulations. Somehow i ended up with this score. If you study hard and put the time in, your instincts will kick in whether you know it or not.

    Good luck all.

    REG - 74 (8/27/2010), 77 (11/23/2010)
    BEC - 86 (11/12/2010)
    AUD - 66 (8/12/2011), 91 (11/22/2011)
    FAR - 89 (11/18/2011)

    #375716
    Anonymous
    Inactive

    I took my first part in October, AUD and got a 71. I was SO bummed and shocked to have seen that score since I felt like I mastered the MCQ. There really wasn't one that I guessed on, I felt like I knew them all. Since my score came out I have tried to just move forward and continue with the next section FAR. But I have been SO completely unmotivated and feel like if I couldn't get through AUD, I sure as heck wont get through FAR. But, I guess that's no way to go into the hardest section.

    I just cant believe the stamina of the people on this blog. How does one manage to continue taking a part 2, 3 or 4 times. I guess its perseverance….all the way. Its just SO stinking exhausting!!!

    Anyway, I am moving forward with FAR, but at a snails pace.

    Any thoughts or suggestions to get geared up again would be appreciated.

    Thanks!!!

    #375717
    Anonymous
    Inactive

    hoping someone can help me with this question….

    for IFRS, if you purchase equipment with an original cost of 1,000,000 on January 1, year 1 and originally estimate the useful life at 10 years.

    if on January 1, 2004 (after three years of depreciation), you decide that instead of 7 more years of useful life, the equipment actually has 12 remaining years, what is the correct way to record this?

    #375718
    peteymit
    Participant

    Under IFRS, huh? So you don't just take the remaining depreciation and take it over the new estimated useful life?

    #375719
    Anonymous
    Inactive

    Question about “going down hill after AUD & BEC”?…hi, all, I am starting FAR next week after I passed AUD & BEC. My coworker (a CPA) and I chatted today, and she commented that after AUD & BEC everything is going down hill 'cause FAR and REG are different kind of animals…I start getting concerned about the volumn and the difficulty of FAR & REG…here is my questions, any feed back is appreciated

    1). Compared to AUD & BEC, how difficult is FAR & REG?

    2). I had problems in Intermediate Accounting in college 'cause there are so much to remember, such as cash flow, pension calculation…I remember the exams in colleage are more comprehensive and detailed…is CPA exam generally less detailed and hense easier than college exam?…

    3). Did you have problem in financial accounting in college but finding passing the CPA exam easier?

    Thanks…

    #375720
    Anonymous
    Inactive

    @CPA-Convertible

    Congrats on being half way done!

    1) Different people…different opinions. My opinion = FAR and REG are more difficult than AUD and BEC

    2) Famous quote “The CPA Exam is a river, a mile wide and an inch deep.” Compared to material I studied for the CPA exam, the topics/material I'm covering now in grad school seems an inch wide and a mile deep…

    But there are still many details to remember! It's just a different type of exam… 🙂

    I think you still have to know cash flow and pensions…

    3) Sorry, I liked financial accounting courses in college…and I felt the CPA exam was much harder…

    I feel that my answer's not that encouraging…but I didn't mean for it to be that way.

    FAR and REG may be difficult, but you can pass them!! You're almost there!

    #375721
    Anonymous
    Inactive

    @ Acct. Thanks for the encouraging words and the info. If the depth of FAR exam is as deep as AUD & BEC, I think I am alright…I am just worried about those long questions I encoutered while I was in college…but I will try my best…random note, I found myself study well harder than I was in college…

    #375722
    Anonymous
    Inactive

    @CPA-Convertible

    1). Compared to AUD & BEC, how difficult is FAR & REG?

    REG was the hardest to me, watch your time in REG and study EVERYTHING, the actual exam loves to test you detail detail REG questions. but FAR wasn't too bad, I used Becker and the only thing that I didn't like about them was the NFP and governmental accounting, supplement with something else for NFP and governmental, luckily for me, I had a governmental accounting class in my college.

    2). I had problems in Intermediate Accounting in college 'cause there are so much to remember, such as cash flow, pension calculation…I remember the exams in colleage are more comprehensive and detailed…is CPA exam generally less detailed and hense easier than college exam?…

    Sorry to be discouraging but the actual FAR exam was not easier than college exam IMO, but don't get me wrong, they are not hard, FAR to me is like a big exam for four years of accounting/financing courses in college, the amount of materials is just enormous, that is what makes it hard.

    3). Did you have problem in financial accounting in college but finding passing the CPA exam easier?

    I am with Acct, I love financial accounting in college, but again, don't worry, some of my friends hated it but they passed the CPA exam too, good luck!!

    #375723
    Anonymous
    Inactive

    @atelery. Thanks for the input. I will start studying today then! :-). I hope my 2.29.12 allows me enough time to study for FAR.

    #375724

    I am planning on taking FAR the first week of Jan. This will be my 3rd attempt, hopefully my last attempt! I've been through all the becker chapters already and I purchased wiley test bank for additional questions since I got used to all the becker ones. So here is my plan for the upcoming weeks I am just going to take a ton of becker progress tests, wiley quizes, and review my notes (this time I went back reread the chapters and took brief notes on key topics), review ninja notes, study flashcards. If I have the time, which I doubt, I may rewrite my notes since everyone says thats helps boost your score. Can anyone think of any other study ideas that may help me? I figured the more and more I practice multiple choice the better I will be and to keep reviewing my notes to keep the information fresh in my mind. I think what killed my last window was IFRS and the sims of course. I still am not sure how I am going to prepare for that.

    #375725
    Anonymous
    Inactive

    Quick question: How many questions will on MCQs (testlets) and SIMs? Will SIMs usually have at least one research question? Thanks.

    #375726
    Got2Pass
    Member

    Can someone tell me which chapters of Becker's FAR review are the most time intensive? Like for BEC … #3 & #5 are more intensive … what chapters do not I need to plan more time for in FAR?

    #375727
    Minimorty
    Participant

    2-7

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