[jeff]

FAR Study Group Links and Resources:

1. NINJA Monthly – $67 FAR Course
2. Free FAR Notes
3. FAR Course Comparison
4. How to Pass FAR (with NINJA)
5. How to Pass FAR (in 20 Days)
6. How to Pass FAR (after Failing)

See Also:

• FAR Study Group
• AUD Study Group
• REG Study Group
• BEC Study Group

[T]

Hi all, thanks for offering (Jeff) and all of you for participating in this forum.

I have avoided taking the CPA Exams because I have found the exam prep from several of the major providers to be, basically, terrible – some for the same reasons and others for different reasons. I also had Ninja for a month and hated the weird login and existential setup(no offense), so I dropped it.

Has anyone here found an exam prep company that actually quizzes on what they cover in their texts? (Becker is the worst at this). And how about one that dares to explain things in a way that doesn’t leave out folks like me, who’ve been out of school for a while?

PS – if it can be done, I am willing to offer a monetary reward, if wanted, to the first person to offer a helpful reply! Anyone?

[nicholasloprinzi25]

Becker is good for learning the material, but their MCQ’s are nothing to brag about. I really enjoy NINJA’s MCQ’s they’re very similar to the exam in my opinion. If it’s the login that’s holding you back from using NINJA (which is the most affordable as well) then that’s a problem you have to deal with

[gryfi]

Can anyone break down point in time vs. over time for revenue recognition? I feel like it'll def be one mcq on the test but I just can't grasp the idea

[Ramana]

@Gryfi,
think of POS as point in time and unearned revenue as over a period of time for revenue recognition. You cannot credit all of unearned rent as revenue earned at a single point in time, so you spread it out, i.e., you defer the revenue recognition.

[sar]

Hey everyone,

I've been studying for FAR since March and i finally take the exam on Saturday. I've been reviewing by pretty much just doing the Becker MCQs a bunch of times. No matter how many times i do them i feel like i always get very low scores on the tests.

I'm pretty confident in the material but for some reason i can't get the MCQs. Does anyone think it is worth it to start doing the Ninja MCQs this week or is it too late? Also ive seen some thing about Becker's MCQs being a lot harder and maybe not as good so is it worth it to keep doing them and trying to get a higher score?

Also, has anyone taken the test recently and have any recommendations about what is highly tested and i should be focusing on? I read some things about governmental being tested so i've focused on that and feel like i know it really well, but anything else?

Thanks in advance!!!

[sdollen64]

I see a lot of people who pass only using the Becker test bank, or the Wiley test bank or Ninja, or (fill in the blank). If you understand the concepts, then you can answer the question. If you don't, then you're just guessing at the answer. I took FAR on May 4th and didn't pass. I focused only on MCQs and not really understanding a lot of the concepts and things that I haven't seen in 10+ years and/or don't use in my job (cash flows, leases, etc.) and I didn't look at any SIMs. I blew on the simulations. Had 1 research question and the remaining 7 were all fill in the blank – no drop downs whatsoever.

As far as telling you what to focus on? The tests are rotated out and it's just luck of the draw. And, it really is against the code of conduct to reveal what is on the test when you take it. I'd just say focus on what your weakest areas are for this last week. Make sure you know the JEs and understand them. Maybe think about what areas have had updated standards in the last year or so. If you think about it, the AICPA and FASB probably would want to make sure new CPAs understand any updated standards. Practice some SIMS. I wish I had.

Good luck on Saturday!

[sdollen64]

Just a quick question for anyone on the statement of Cashflows….regarding ST investments – how do you know if it's an investing activity or if it might be categorized as trading and be an operating activity?

Thanks in advance!

[Asja]

@Sdollen….

I might not be fully correct as I need to study this more, but I think if there is a related item on the income statement like a gain or loss, would be on the indirect method operating cash flows section, and then the proceeds/expenditures for main cash flow in the investing section…like for trading securities – unrealized and realized gains and losses go on the income statement, so I assume those gains and losses would be in the operating section…

The way I remember it is by simply remembering “you can Continue Operating regardless if you Trade Realization for Unrealization”…it is just a way for me to remember, that unrealized AND realized gains and losses from Trading securities are included in income from Continuing Operations…

[Maya]

Hello,
I had Far test this Saturday. I was fine in MCQs. When I was On break, I felt I will pass with high score. But Sims were…… really hard. I was shocked because I knew answers but wasn't able to enter my answers in worksheet. I didn't know how to answer. It was my second time to take Far, In my first try, I got 73 ;(. I worked all simulation in Becker and Wiley.

[Han]

@sar when it comes to far I believe Becker does a good job. You really should watch lectures if your continuously getting low mc scores. Also I feel what worked for me the 2nd time was continuous practice with mc and sims and the lit question they have.

[Determined24]

@Han I am wondering if after going through the material a months worth of mcq and SIM practice in Becker is enough to pass; I don't want to push my exam back anymore but I am wondering if one month is enough. How long did your practice phase last?

[Han]

Honestly everyone is different. Do you feel comfortable with all 10 chapters? Have you done a mock test? I did all homework 3 times. And I did majority of sims on each chapters. I did practice for 1 month.

[nicholasloprinzi25]

Failed FAR with a 73 & as I looked at my score report, I was shocked to see I did comparable on the SIMs & weak on the MCQ’s. I thought I did really well on the MCQ’s. Any advice to improve by 2 points on the next one? Plan on taking it in July, thanks!

[Lauren G]

Hi everyone,

I am in my final review for FAR taking the exam on June 10th. I am wondering if anyone has a good list of formulas that they created to help themselves remember key points and is willing to pass along.

Thanks!

[Hooligan]

Hi guys, I am using Becker Review books for MCQ, turorial videos. it seems I need Ninja Notes. Has anyone used them along with becker. what is the lates updated version that can be used for this year 2019?

[Author]

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