[Q1] FAR Study Group 2014 - Page 4

Viewing 15 replies - 46 through 60 (of 3,728 total)
  • Author
    Replies
  • #525451
    kaywalee
    Participant

    To all the passed FAR candidates,

    After 2 sittings with FAR, grades are 68 and 70. I am now regrouping and hoping to get some fresh approach to studying for this exam.

    I sat for Audit November 30th, and now I am planning to retake FAR mid January. I have lectures, notes and test Bank.

    I am also working full-time and I try to study every chance I get. Somehow, I feel like I need some new study techniques. Any advise will be welcome. Thanks!

    #525394
    big K
    Member

    Hello all!!!

    I just left the Prometric exam site less than two hours ago – and the FAR exam was brutal. I literally had tears in my eyes. My chances are so slim of passing that I am going to start restudying this weekend. The exam was completely unbalanced – about a quarter of the multiple choice questions were on governmental accounting. In addition for about 10 questions it was hard to figure out what they were asking.

    Quick question for anyone that is further along the process than I am – I have FAR and AUD left before BEC expires on 4/30/2013. On top of that the wife and I are expecting baby #2 in the middle of March. Should take some time off from FAR (today was my second attempt at it) and focus on FAR. Or should keep at FAR till I pass?

    Good luck to all.

    Thanks for input!!

    #525453
    big K
    Member

    Hello all!!!

    I just left the Prometric exam site less than two hours ago – and the FAR exam was brutal. I literally had tears in my eyes. My chances are so slim of passing that I am going to start restudying this weekend. The exam was completely unbalanced – about a quarter of the multiple choice questions were on governmental accounting. In addition for about 10 questions it was hard to figure out what they were asking.

    Quick question for anyone that is further along the process than I am – I have FAR and AUD left before BEC expires on 4/30/2013. On top of that the wife and I are expecting baby #2 in the middle of March. Should take some time off from FAR (today was my second attempt at it) and focus on FAR. Or should keep at FAR till I pass?

    Good luck to all.

    Thanks for input!!

    #525396
    big K
    Member

    Hello all!!!

    I just left the Prometric exam site less than two hours ago – and the FAR exam was brutal. I literally had tears in my eyes. My chances are so slim of passing that I am going to start restudying this weekend. The exam was completely unbalanced – about a quarter of the multiple choice questions were on governmental accounting. In addition for about 10 questions it was hard to figure out what they were asking.

    Quick question for anyone that is further along the process than I am – I have FAR and AUD left before BEC expires on 4/30/2013. On top of that the wife and I are expecting baby #2 in the middle of March. Should take some time off from FAR (today was my second attempt at it) and focus on FAR. Or should keep at FAR till I pass?

    Good luck to all.

    Thanks for input!!

    #525455
    big K
    Member

    Hello all!!!

    I just left the Prometric exam site less than two hours ago – and the FAR exam was brutal. I literally had tears in my eyes. My chances are so slim of passing that I am going to start restudying this weekend. The exam was completely unbalanced – about a quarter of the multiple choice questions were on governmental accounting. In addition for about 10 questions it was hard to figure out what they were asking.

    Quick question for anyone that is further along the process than I am – I have FAR and AUD left before BEC expires on 4/30/2013. On top of that the wife and I are expecting baby #2 in the middle of March. Should take some time off from FAR (today was my second attempt at it) and focus on FAR. Or should keep at FAR till I pass?

    Good luck to all.

    Thanks for input!!

    #525398
    Whit
    Participant

    I'm hoping to take FAR in January/February 2014! I just started studying!

    #525457
    Whit
    Participant

    I'm hoping to take FAR in January/February 2014! I just started studying!

    #525400
    jcorye1
    Member

    I've started studying, and my exam is on February 28th! I'm using Yaeger and Wiley, and trying to put in at least 3 hours a day of lectures, note cards, multiple choice, and simulations.

    #525459
    jcorye1
    Member

    I've started studying, and my exam is on February 28th! I'm using Yaeger and Wiley, and trying to put in at least 3 hours a day of lectures, note cards, multiple choice, and simulations.

    #525402
    LStevens225
    Participant

    How do you calculate gross profit percentage? It looks to me that it is (sales – cogs)/sales but I can't find a straight forward answer! Thanks!

    #525461
    LStevens225
    Participant

    How do you calculate gross profit percentage? It looks to me that it is (sales – cogs)/sales but I can't find a straight forward answer! Thanks!

    #525404
    MintsRGood
    Participant

    @LStevens 1. Sales-Cogs=GP 2. GP/Sales=GP% Thinking of it in 2 pieces makes it cleaner and much less difficult than it needs to be.

    I keep this one straight with a classic 100/60/40 to keep it tidy. If sales are 100 and cogs is 60…GP is 40. GP% is 40/100=40% Then if the problem asks for cogs but only gives GP% and sales then you take 40% of 100 and cogs is 100-40=60. This is a launching pad for endless amounts of inventory MCQs and can help you shortcut!

    I realize that is a very very very basic example BUT when there is this much info to digest in one section less is often more IMHO! 🙂

    REG: 75 DONE 🙂
    AUD: 61, 71, 68, 92 DONE 🙂
    BEC: 76 DONE 🙂
    FAR: 72, 74, 79 DONE 🙂
    Licensed Michigan CPA 🙂
    -Some people dream of success...others wake up and work hard for it!!!
    -The cowards never start and the weak die along the way!
    -You better work, b***h!
    -Only those who dare to fail greatly can ever achieve greatly.-JFK

    #525463
    MintsRGood
    Participant

    @LStevens 1. Sales-Cogs=GP 2. GP/Sales=GP% Thinking of it in 2 pieces makes it cleaner and much less difficult than it needs to be.

    I keep this one straight with a classic 100/60/40 to keep it tidy. If sales are 100 and cogs is 60…GP is 40. GP% is 40/100=40% Then if the problem asks for cogs but only gives GP% and sales then you take 40% of 100 and cogs is 100-40=60. This is a launching pad for endless amounts of inventory MCQs and can help you shortcut!

    I realize that is a very very very basic example BUT when there is this much info to digest in one section less is often more IMHO! 🙂

    REG: 75 DONE 🙂
    AUD: 61, 71, 68, 92 DONE 🙂
    BEC: 76 DONE 🙂
    FAR: 72, 74, 79 DONE 🙂
    Licensed Michigan CPA 🙂
    -Some people dream of success...others wake up and work hard for it!!!
    -The cowards never start and the weak die along the way!
    -You better work, b***h!
    -Only those who dare to fail greatly can ever achieve greatly.-JFK

    #525406
    Anonymous
    Inactive

    Hi, I'm in. I'm planning on taking the exam in January. Is anyone using Bisk CPA????

    #525465
    Anonymous
    Inactive

    Hi, I'm in. I'm planning on taking the exam in January. Is anyone using Bisk CPA????

Viewing 15 replies - 46 through 60 (of 3,728 total)
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