[jeff]

FAR Resources:

Free FAR Notes & Audio – https://www.another71.com/cpa-exam-study-plan

FAR 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

FAR Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[Tncincy]

Have FAR tomorrow, a nervous wreck, but I'll do what I have to do and that's keep studying.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Mike1987]

Goodluck Tncincy! Let us know how it goes.

[Mike1987]

Does anyone feel that some of the questions in F2 are just a waste of time and effort. For example:

On October 1, year 1, ACME fuel Co. sold 100k gallons of heating oil to Karn Co. at $3 per gallon. 50k gallons were delivered on December 15, year 1, and the remaining were delivered on Jan 15, year 2. Payment terms were: 50% due on October 1, year 1, 25% due on first delivery, and the remaining 25% due on second delivery. What amount of revenue should ACME recognize from this sale during year 1.

a. 300k

b. 75k

c. 150k

d. 225k

The answer is 150k for the amount that is shipped is recognized as revenue because heating oil is considered a generic product.

So instead of teaching us the important concepts of FOB shipping, risk transfer, setting aside of inventory etc. We have to know that revenue is recognized upon shipment because heating oil is a generic product? really? There are just so many of these questions type of nit picky questions that I feel serve to confuse rather than reinforce basic concepts like revenue recognition.

F2 is tough but I also feel like these questions are not reflective of the current CPA exam. Okay venting session over.

[SlyCoug]

Well I'm taking FAR in 2 days. I feel like I am forgetting things as fast as I can study them, is that pretty normal? I took my first Becker practice exam today and got right around a 93% overall, so I'm hoping that is indicative that I am prepared. Would you guys say that the Becker practice exams are fairly close to the difficulty of the actual exam?

I only ask because I was doing very well on the REG Becker exams and took the exam about a month ago, but I felt like the actual questions were much different than the practice exam.

REG (7/1/13) 94
FAR (8/2/13) 98
BEC (8/23/13) 97
AUD (10/4/13) 99

Ethics (1/14/14) 100

I'm free!!

[peko8535]

@Mike,

I really dislike the F2 questions as well when the explanations are odd specific rules. Hopefully those questions will only be seen a couple times on the exam and becker just includes them to say they covered almost everything.

FAR - Passed! 8/23/13 (Becker Self Study and Ninja Audio)
REG - Passed! 7/24/13 (Becker Self Study and Ninja Audio)
AUD - Passed! 8/25/14 (Becker Self Study and Ninja Audio)
BEC - Passed! 11/23/14(Becker Self Study and Ninja Audio)

Now Gimme my Bonus!!!

[Tncincy]

I am sure this has been asked already, but what is the best way to gather J.E. through ninja notes? or simply understanding the transactions. I have an encyclopedia of Journal entries too.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Anonymous]

tncincy: The best way I am learning the JE;'s is to write in my notes every example from the books and notes. That has helped a lot. It takes paper, and a cramped hand, but understanding is increased! Worth it to pass in my book. Any question with a JE that I miss I write it out in my notes too. It takes me longer to get through reading the materials but the questions are going quicker for me.I learn better with reading so that is what is working for me

[ZSRizvi]

I'm just starting off with FAR studying tomorrow. I've scheduled my exam for October 3rd. Is two months enough to study for the exam? I'm currently not working but I will start in November so I'm hoping to get three exams out of the way by then. Hence, I've also scheduled Regulation on November 30th.

From all your experiences, do you think two months each (more or less) for FAR and REG are enough?

Also as a first-timer with FAR, what would your advice be for areas to focus on, common mistakes, as well as the study plan one should follow?

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[Anonymous]

@ZSRizvi Especially if you're not working, 2 months each should be good for FAR and REG. I haven't taken or studied for REG yet, but it sounds like for most people, FAR is the killer, and 2 months should be enough for FAR. Just give it everything you've got and you'll make it! 😀

[ZSRizvi]

@Elisabeth

Oh man I hope so. I studied for BEC for two months and I just took the exam yesterday…it was a killer! Even though it's supposed to be one of the easier ones! I know people work and study at the same time but I really don't want to put myself through that especially since it'll be a new job so I'll have to put extra time in to learn everything about it and then busy season will be starting in January until May!

I was looking at the FAR book and already there are knots in my stomach…

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[kip_snoodles]

How many, if any, of the financial rations is everyone memorizing? I know the 5-7 basic ones, but wasn't sure if I needed to memorize more.

[SlyCoug]

In the Becker practice Sims, I keep forgetting when doing journal entries to put a “0” on the other side of the debit/credit (i.e. if I debit an expense, it marks it incorrect if I don't also put a “0” in the credit for expense). Can anyone confirm that this is true of the actual exams? I am assuming it is, but just wanted to make sure I am formatting correctly.

REG (7/1/13) 94
FAR (8/2/13) 98
BEC (8/23/13) 97
AUD (10/4/13) 99

Ethics (1/14/14) 100

I'm free!!

[so1913]

Oops, wrong thread!!!

AUD - 90 Pass
REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
BEC - 79 - Pass
FAR - 70,82 - Pass

[fionaz426]

I am new here. I will take FAR on 8.30. Now I am stuck in governmental accounting. Looking for help to focus on studying. One month left!!

BEC 82 (2013-5-30)
FAR 90(2013-8-30)
REG 85(2014-1-13)
AUD 93(2014-2-21)

[kip_snoodles]

Ran through a bunch of Wiley testbank today and scored pretty well. My only concern is IFRS. My main text is Becker, and I thought I knew the main areas of IFRS, but the Wiley Testbank throws in a whole bunch of random IFRS issues I have never come across. Will knowing the main points of IFRS be enough?

[Author]

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