@SallyCPA – I think it is the least changing, but at the same time is scary enough as we go down in MCQs a lot and we now have tons of TBS which are always the hardest. However, I do not think their ways for Gov/NFP necessarily changed. If in the AICPA blueprints for the new format the % for Gov/NFP did not change, then we should assume it will continue to be tested heavily. Also I spoke to a coworker who took the exam about 10 yrs ago and he mentioned to me he got a lot of Gov/NFP. Have in mind 10 years ago it was very different as how is now.
@aatoural I agree but then again 1-2 extra sims isn't that bad. I honestly think that SIMS can be easier that MCQ in some cases depending on what test you get. I feel like half of the reason why sims are difficult is because of how wordy they can be and sometimes you have no clue what they are even asking. Hopefully the AICPA is working on improving the clarity of the SIMS with the new exam…especially with FAR
@SallyCPA – yes on that I agree with you as well. It depends on what we get. But remember sometimes those MCQs we now dont have are easy point. Lets just hope we dont get anything too distresfull with the new TBS. And they should definitely improve the wording and ways to test the SIMS
So far, I”m 250 questions into the NINJA MCQs, average at 70% and trending at 55%. I think that my biggest trouble areas are going to be bonds. It seemed simple enough in the Roger book, but then I hit the MCQs and I'm literally stuck not knowing what to do, going to have to hit this section hard over the weekend.
Also, I'm trying my best to not log back into the prometric site and re-schedule my test again, though I REEALLLY want to.
I would strongly recommend to know Govt in depth. Not just “what fund is it?”. But also know the details of govt wide statements, what is a required supplemental info, and the order they are presented in. I had some twisted govt related questions on my test back in March. And now with the new format, they will be testing it even more, and by now they presume that everyone knows easy fund questions, so they will be throwing in some curve balls.
FAR is probably changing the least. 1 extra TBS and less MCQ, content wise it's still a beast. It's really hard to say whether or not they are going to pound you hard on Gov't/NFP like last format.
But one thing is for sure, you're pretty much guarantee going to get at least 1 DRS/sims with supporting docs or even more on your exam compare to last format. So if you suck at DRS or dealing with problems with lots of information like DRS, you're going to be in serious trouble.
This may be a stupid question but does anyone know if we will be able to use the authoritative literature for every sim or just the section with the research in it?
You can use AL in all sims, but out of all 3 exams that have AL on, FAR is the least useful. There even a chance you get a sim that requires that you use AL that isn't the research question, but as an reference such as industry specific practice for example real estate/airline/entertainment. Anything and everything is fair game.
I NEED A SECOND OPINION
So I failed my first attempt at FAR with 73 in Feb. Im retaking it on Monday, the 10th. I have been studying for the previous 5 weeks. As it is approaching, I am freaking out so much. I thought I was ready, but then Im just panicking. Apparently there is a sitting available on the 15th, and Im considering if I should switch it. I am getting 76-90s in Ninja MCQ. Should I reschedule my date? Also, the thing is that I have Audit in May 15th, so if I do reschedule FAR, it means 5 less days for Audit, which I failed with a 72… any thoughts…?
Well, the problem with rescheduling the audit is that I am graduating college on 21st… so I was trying to get it done beforehand… And since I am not from the States, I would have to leave the States soon after my graduation….
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