[jeff]

Welcome to the Q2 2017 CPA Exam Study Group for FAR. 🙂

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[mexicanbear]

I will be taking FAR on May 22nd. I am using Becker and will only have about 4 days of full review before my exam. Does anyone have any advice of the best way to review in the short time period.

I usually read the book and do the MC again but I know I will not have enough time for this. any advice is appreciated!

AUD -8/23/17
BEC – 65,4/22/17
FAR – 5/22/17
REG – ?

[kmeadows]

Hey Hey Y'all.
I am wrapping up my CPAExcel for FAR (I have about 3 days left of studying). I have been studying since Mid-March and my test is on May 31st. I have almost 3 weeks to go back and review.
Does anyone have any tips on reviewing the material as a whole? I plan to go back through the modules I didn't score well in, but I am looking for an overall best use of time. We CPA candidates know that time is of the essence.
I also have Ninja Audio and Ninja MCQ. I will be hitting both of those hard between now and 5/31.

Thanks everyone, and much much luck to you. We can do this!

Kristina

[Alwaysunny]

Hi Kristina- I am also taking FAR exam on 5/31 (eek!) and I'm hoping to get through my final study days by the end of this weekend. Beginning Monday (or earlier if i'm super efficient over the weekend) I'm planing on going back through the CPAexcel MCQs and after I get through those, then purchase the Ninja MCQs. How would you compare the level of difficulty between Ninja MCQs and CPAexcel MCQs? I have yet to practice the sims but I hope to start this Saturday and the plan is to do 2-3 a day until exam day…we shall see..trying not to stress. Happy studying 🙂

Jen

[2017cpa]

@CPAIN2K17 Thanks so much! I have started to realize that I need to read the questions more carefully. I appreciate your help.

[SallyCPA]

Has anyone else noticed that Becker has some errors in their formatting/calculations? I'm pretty sure in the 1st mock final exam the pension sim marked my answer wrong for subtracting the actual return on plan assets and the minimum amortization of net gain and said it should of just been a positive number?..

[Jmanderson21]

@automn
Ive been studying since march and take it May 31st. Id say do the sims as you go. It will help you to get more practice and understanding. And dont worry, you can re-do them. Im in the review process now and whenever I see the sims I have already done I can barely remember (or not at all) what I did which will give me good practice again.

[mtaylo24]

@kmeadows, I'm pretty much just hammering MCQs at this point, but I'm doing two different things right now for my review. The first is, I'm tackling the Ninja MCQs in order, with intentions of hitting review phase. I'm on section 3. I'm copying all of my wrong answers into a word doc, and I hope to have adequate time to review that doc when its done. Once I make it through the new questions, I will start hitting my “missed last time seen” questions, until I answer every question right.

The second thing is, I'm in Gleim playing the 75% game, where I do random 20 question sessions and refuse to move to the next subunit until I reach a 75%. I'm on ch 11 of 20 right now. I still keep blowing off the sims though, but I will find the time before test day.

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)

[Anonymous]

Hi All!

I have a question on the new version of the exam..
I sit for FARE, which is my last exam later this month (knocking on wood). How is the user interface (UI) in the new exam? One of the things that really gets me frustrated is the font size or screen resolution on the SIMS. It seems like they set it at the highest level, which causes me to go back and forth reading the question, etc. Am I the only that that feels this way about this?

any-who – wanted to know if this was the case on the on the new exam? all tips are welcome!

[kmeadows]

@Silly11, When I used Ninja MCQ for BEC the questions were tough. I broke into them after my CPAExcel was completed and thought… “Holy crap I am going to fail…I don't know any of this.”
Turns out Ninja just included more info I needed to know and I passed! (79)
I haven't really gotten into the FAR Ninja MCQ yet, but I imagine it's similar.
Much luck in your studying all!!

[kmeadows]

@mtaylo24. SIMS are awful to study. I feel like I waste a ton of time doing them just to fail and not understand the explainations. (Oh, and good luck to you by the way. Kill this beast and move on with your life!!)

Anyone else have this problem with SIMS? Any tips?
I wish I could get my hands on some SIMS with answers so I could study them. Bleh.
Crunch time is no fun.

Kristina

[sydalexomar]

Hi everyone!! I will be sitting for FAR this Saturday and after reviewing I am stumped on the indirect method for cashflows. does anyone have a good memory aid to help it click?! AHH one more day I am so ready and not ready at the same time!

[sydalexomar]

One more thing to add: I am only using ROGER study material – next test I am planning to add Ninja! Anyone have any experience with the new ROGER format? I feel like it is very challenging..especially the SIMS!

[Anonymous]

@SydneyOmar

The hardest part with the indirect method for me was whether to add or subtract the increase or decrease in the BS accounts. The tip that rocked my world was so simple once I learned it.

Generally speaking, a change in a DEBIT balance account (Inventory, AR, Pre-paid Expenses, etc) has the OPPOSITE effect on the net balance of cash. So if Inventory increases, you would subtract it from CFO.
Conversely, a change in a CREDIT balance account (AP etc) has the SAME effect on the net balance of cash. So if AP increases, you would add it to CFO.

Hope that helps, it has opened made my life entirely easier since wrapping my head around that concept.

[sydalexomar]

@CPaulA THANK YOU!!!! I needed this because I struggle with the increase or decrease in the BS accounts… I am going to go over that section now with those concepts in mind. Thank you times ten!!

[SallyCPA]

Alright guys I understand that everything is fair game…blah blah blah but what are the chances of getting a government wide reconciliation sim on the test?

[Author]

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