FAR Study Group April May 2017 - Page 33

Viewing 15 replies - 481 through 495 (of 1,619 total)
  • Author
    Replies
  • #1534602
    krstnam
    Participant

    @Chief71 – my very first round of FAR, I was scoring around 25-40%. The 2nd retake it went up into the low 60s.

    Good luck!

    #1534621
    mtaylo24
    Participant

    @audarah My first time I studied for 2 months, clearly wasn't enough. I was seriously baffled by the low score. In reality, I knew no inventory, A/R, gov't, NFP, and my sims were ridiculous, I had to do a stupid bank recon and I couldn't balance it to save my life. Didn't even know the difference between the marketable securities. I used Gleim only. It has been about 7 or 8 years since Intermediate I or II and Government, so all of this might as well been written in chinese.

    My second time, I was cocky from passing REG, thought the momentum would continue, but I was sadly mistaken. I did do all of the Ninja MCQs and hit review mode, but I was only averaging about a 55, and I barely utilized Gleim, only during my final week. I did know more when I sat the second time, and I honestly didn't think the test was that bad. Again, I was seriously baffled by the 54. The score report didn't help though since I got weaker on everything (again) LOL!

    My third time, I studied from December score release to March 10. Unfortunately I juggled BEC the entire window, but it actually gave me more of a push. I had to drop FAR for 3 or 4 days to focus on my BEC retake, and then I went full steam my final week leading into the exam. I did like 8,000 questions in Gleim, 2,700 in Ninja, worked all of the Gleim sims. Read every stinkin letter in text. I made sure to learn the JEs, I wasted an entire Saturday typing any JE from the Gleim book into a word doc. Two weeks before the exam, I kept a word doc open at all times and copied and pasted any wrong answer into the word doc, and then I reviewed those troubled questions my final week leading into my exam. We had a pretty good study group here last window, so that also kept me engaged. I scheduled an 8am exam and pulled an all-nighter, banging Ninja MCQs all night until it was time to go. I knew I didn't know much about pensions and leases tho going into the exam and I still think that was my downfall. Hope this helps.

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #1534756
    Anonymous
    Inactive

    Thank you krstnam and mtaylo for answering. I am leaving no stone unturned this time. I focused on the large areas: bonds, capital leases, statement of flows, gov and nfp. I swear a HUGE portion of my test was nfp, gov, IFRS. I didn't study IFRS. The rest of my exam say the other half of it was ALL on those small sections. Guess what I didn't review because I ran out of time tripping myself up on the bonds, leases and flows (which I seen all but one question in)… all those tiny sections. I seriously mean the entire rest of my test was those small parts.
    I know this time I will know foreign currencies, pensions, basic and diluted eps, vie,as I did not know them last time and hello fail.

    #1534767
    mtaylo24
    Participant

    No problem! I had the Impairment/IFRS/Gov't/NFP test of death last time as well, fortunately I made it my mission to know those areas prior to sitting, not saying I got them all right. I got stronger on conceptual framework, comparable on NFP, but weaker on Govt (refuse to belive that) and weaker on everything else. I was seriously stumped on N/R, N/P, pensions and leases tho…

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #1534807
    krstnam
    Participant

    My 1st score said I was comparable in everything except NFP and SIMS.

    My 2nd score said I was weaker in everything except NFPs and Gov't. Go figure.

    #1534962
    sellers321
    Participant

    Anyone studying and planning to take FAR soon?

    #1535029
    krstnam
    Participant

    My exam is scheduled on the 25th. Yikes!

    #1535065
    Anonymous
    Inactive

    I start studying tomorrow but I'm not taking it this time until I'm absolutely ready – even if it's in July with persistent progress tests being utilized

    #1535089
    HoldMyBeerCPA
    Participant

    I'm 825 questions into the MCQs. Trending and average score at 77%. These testimonials are leaving me terrified. Time to pound IFRS, Leases, Bonds, and Pensions and ugh… notes receivables. I REALLY want to punt on this section and take my chances.

    #1535115
    Mscfisher
    Participant

    I am certainly losing motivation. nevertheless with 35 days until my exam I am going to start taking this seriously again. I will lose my reg credit if I fail again. If only I could have gotten that one point. life would be so great right now

    #1535238
    aatoural
    Participant

    Does anybody have a summary (or know where I can find a summary) for all types of impairments?



    @Mscfisher
    – hang in there. I know the feeling, I found myself like that a week ago. But nobody is gonna help us finish this nightmare without killing ourselves studying. One more month and a half.

    BEC - PASSED
    AUD - 8/29/16
    FAR - TBS
    REG - TBS

    #1535325
    krstnam
    Participant

    @Mscfisher You got this. You're so close!

    I heard somebody on here say this is a marathon, not a sprint. I keep telling myself that when I'm losing motivation. It works maybe 20% of the time LOL. I lose motivation probably twice a week…the struggle's real.

    #1535329
    Mscfisher
    Participant

    @krstnam @aatoural thanks guys! I got up at 4am and hit the books. Its lunch time so hitting the books again. Trying to make every free moment count.

    #1535347
    HoldMyBeerCPA
    Participant

    I lose motivation after every MCQ session that is filled government accounting questions. I haven't touched the sims yet, and at this point I don't want to. I'm 11 days out from exam day and truly have no idea how to feel about it. I'm going to pound government accounting and NFP for two more days this week, if it sticks, great, if not then well, I'm not going to let other topics slip away as well.

    Best of luck to everyone on this section of the exam. And the rest of the exam for that matter!

    #1535353
    IamBlessed
    Participant

    Hello All – Now that tax season is over I will begin studying for FAR. I plan to utilize Becker and plow through as many MCQs as I possibly can from now until July. Quite frankly I am little intimidated and would appreciate any insight on tackling this section.

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