FAR – Exam Prep - Page 75

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  • #375788
    Anonymous
    Inactive

    so, I'm about a month away from this dreaded test. I've watched all lectures and written my own notes for each chapter. I'm working on homework now. I completed sections one through three and let me tell you I am so not ready for this test. I feel like this information will NEVER stick. This is the second time around. It should be easier. Does anyone have advice for a Becker studier??

    #375789

    I failed this exam with a 56 on August 29. Don't have the drive to study for it anymore…

    FAR 1/30/14 86 beast is slayed
    REG 5/30/12 81 expired :/ Retake April or May 2014
    AUD 5/24/13 85
    BEC 10/07/13 80

    #375790
    Anonymous
    Inactive

    Singh, how did you do on the Becker practice final exams?

    #375791
    katiekanton
    Member

    @CPA-convertible

    Thanks for the response on Becker depth vs. Wiley. I think that's what I needed to know. If Becker candidates don't have to know 5 inches deep on derivatives, I'm not going to worry about it.

    AUD - 88
    FAR - 90
    REG - 85
    BEC - 88

    #375792
    Anonymous
    Inactive

    @Katie: I haven't seen your BISK book, so I don't know how details they went into. I took a look at Becker, and it has five pages on deratives including two big examples on each page. It does talk about journal entries,reporting gain/loss, presentation, and disclousres. It's on the last chapter, and I have long way to go to reach that chapter…I think it's an important concept 'cause you will be studying it again on BEC.

    @Spur. I have used Becker for my AUD and BEC, and the method works so far. I stick to my book more than anything else. I usually read the chapter first myself before I go to the live class/watch the video. This way allows you to have a “taste” of what the chapter is and follow the video better. After the class/video, I re-read the book by sub topics and then start practicing the questions. The passmaster is VERY important. It helps you learn/remember the concepts, also you will get an idea on what the exam is going to test you regarding that subject. Becker FAR has ten chapters, but the good thing about it is each chapter only has 60 pages instead of 100 pages as in AUD and BEC. So, you can tackle each chapter less than a week and move on to the next. Once finish everything, I usually has couple weeks left before the exam, I use this time to re-read the whole book again and again and practice final exams until the exam day. You might think this re-reading takes forever, actually it doesn't. As you learn more and understand better, the time you take to read each chapter get shorten. Each time you reread the chapter, there is always something “new” come up, and those things could be the pieces you need for the puzzle. This is the way I studied for my exam, and there are many ways to do it. Just don't get discouraged by the scores. We all doubt ourself once a while, when I am in doubt, just look at some of the CPAs around you, and then you would say to yourself “yeah, if he can do it, so can I.” 🙂

    #375793
    KiwipoM67
    Member

    @ Katie and anybody else.

    I used the Wiley Review books and the WIley Test Bank for both BEC and AUD. To me they were good, so good in that some of the questions were on the actual exam.

    I would like to think that worldly, work experience and common sense come into play as well.

    My philosophy was to read the book, answer 50 or so questions, read the book answer 100 questions (or the max) for each of the units. Find time before, after and during work and in the weekend. I find study at work the best even at 9pm (there are no distractions). People at work have struggled, but i put that down to a lack of quality effort and too many distractions – how can you study when you have a 2 and 6 y.o.?

    Taking this one step further a friend compared my WIley books with his Becker books. The conclusions were – Becker has more to read & is in bullet point format, the questions were generally the same and that Wiley cost $150 for all 4 while Becker cost $3,000 with not so great lecture materials….

    The conclusion – i have passed 2 out of 2, my friend took 6 attempts to pass 4 exams. The choice of material may not matter, but the amount and quality of effort does.

    Ask yourself this question (and be honest with yourself): Why would you want to sacrifice the time and money to take each exam more than once?

    #375794
    Anonymous
    Inactive

    In watching my videos, I notice that Cindy (Yaeger videos) frequently mentions “So if the business is an SEC registrant, you would do it this way/show it here on the Income Statement.”

    I'm sure it's probably important to know the differences in how to report/handle things based on whether the entity is an SEC registrant or not, but just how important is it? In my practices questions, I haven't seen any problem wording that mentions whether the entity is publicly traded or not – have I just not gotten far enough in my study materials? (I am covering Monetary Current Assets & Liabilities now – Module 12)

    When a question does not mention whether the entity is an SEC registrant, should we assume that they are or are not publicly traded?

    #375795
    Marivy22
    Participant

    Took FAR yesterday…

    Good news, this time I was not mad or shaking while walking out of the testing center 😉

    As for the test, nothing was a surprise, only that this time I saw more IFRS questions, just theory. Testlet 1 was fairly easy, testlet 2 as we all know was the hardest, testlet 3 “confusing”. The first half of this testlet was kind of hard, but then the last 10-15 MCQ's were a breeze. 4 testlet, I felt good about 3 of them, 1 was forget about it LOL, and the other 3 were OK.

    Now, getting ready for BEC on 2/19.

    Done 😉
    Class of 2012!!!!
    Lots of prayers and hard work....

    #375796

    Hello, everyone,

    I'm a long time follower but first time poster and want to thank you all for your help over the past year or so.

    I was in the finance world and trying to pursue my CPA and was striking out. Swtiched profession and now am in the real estate world. However, just passed the AUD section a few months back w/ the help of Becker.

    Up next, FAR! How exciting lol. (considering I failed twice previously – 73 & 69) I started studying a little more than 2 weeks ago with plans of signing up for the last week in February.

    So far I have read and watched videos through chapter 4 and have completed almost all of the first 3 chapters.

    Given I have failed twice previously, I am wondering if it is best to prepare a different way? would be open to any and all suggestions.

    Thanks

    #375797
    Peanut
    Participant

    @realestatewhiz, what approach are you using now?

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #375798
    TiffCPA
    Member

    I took FAR last Friday. My first testlet is fairly easy, the second one got a little bit more difficult. Then the third one is easy again. The Simulation was not as difficult either, which made me really confused. Does your performance in the teslets affect the difficulty level of simulation?

    #375799
    Anonymous
    Inactive

    @TiffCPA, the simulation is NOT adaptive. Only the MCQ are.

    #375800
    TiffCPA
    Member

    @CPA-Convertible, thanks for the reply!! I feel so relieved.

    #375801
    Anonymous
    Inactive

    Hello

    Just joined the forum. Very good information here. Thanks for posting.

    I am writing my FAR exam in Feb 2012. I am using latest Yeager material however finding the prep process very time conusiming not being able to cover enough ground. Any tips ideas on how to approach this. Also those of you who have taken the FAR exam recently what topics were covered in simulations. I am afraid there will be pensions or detailed ones on IFRS. Your feeback comments are welcomed. Thank you!

    #375802
    SONIA
    Participant

    I need some FAR advice. I took the exam on 1/9/11. I don't think it went too well since i struggled with the SIMS. My dilemma is that having passed BEC & REG, should I proceed to study for AUDIT since I have almost 6 weeks to try to take Audit at the end of FEB? my past experience is telling me i should re-study for FAR in case I didn't pass, so that I can retake it in feb while the information is still fresh. This has worked for me in the past with BEC. I found out i failed in first week of sept and took the exam back in first week of oct and passed because i had recently studied for it. What do you guys suggest I do? The only con to re-studying for FAR is that if by a miracle I did pass and find out by first week of FEB, I would have wasted a week or two that I could have used to study towards AUD. Thanks for all the advice =)

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