[ShowMeThaMoney]

Im only in F2 right now. F1 was pretty easy and just a general overview, after the lectures, doing the HW/Sims and a bit more review I felt really comfortable with it.

After the F2 lecture I was like good god this is a ton of material to remember. I had an entire international accounting course on translation/remeasurement, foreign currencies etc. A good part of my intermediate course was on contracts, installment sales and intangibles.

How did you all go about memorizing all the little details and rules of ALL of the material? Then the IFRS comparison just adds more differences on top of it. I went through the lecture and took a little bit from it, finished all the MC (absolutely bombed them all) and I felt like 75% of the MCQ weren’t even close to what was in the lecture.

/rant

FAR - 11/3/2012
BEC - 1/2013
AUD - 2013
REG - 2013

[ShowMeThaMoney]

Bump!

FAR - 11/3/2012
BEC - 1/2013
AUD - 2013
REG - 2013

[Anonymous]

I just practiced the MCQ a lot, and always used the progress tests to go back over older material. I also would look up questions online to see if the same question had been posted on a forum anywhere if I didn't understand Becker's explanation.

Most of the mnemonics that Becker had didn't stick with me for some reason, with the one exception of PUFE(R). For me Ninja's mnemonics made way more sense so I remembered them more easily.

As for IFRS, the Ninja FAR notes were also much more helpful for me. All of IFRS is outlined by itself so it was less confusing. I honestly think Becker is trying to figure out the best approach to reviewing IFRS since it's still relatively new to the exam.

[Da Bears]

Just do MCQs until you want to puke, if you really want to memorize stuff, write it on a notecard. I used like 10 notecards then stopped doing them because I don't learn that way especially for a computational heavy exam like FAR. I did like 2000 MCQs the 10 days leading up to my FAR exam.

FAR- 8/14/12 91
AUD- 10/16/12 88
BEC- 11/07/12 92
REG- 01/05/13 86
NIU CPA Review

[Anonymous]

Repetition is key! I bought the Becker flash cards, which really helped. The notecards are in the same order as the material presented in the book. I would go through the flashcards while going through the book and added additional notes to the cards.

I would highly recommend having a solid understanding on differences between GAAP and IFRS. I would say about 3/7 simulations gave me a scenario and asked for the treatment with GAAP compared to IFRS. I caught me off guard because I was only expecting MCQ on IFRS.

Also, I would recommend spending some time every 2 weeks or so to go over previous material. There's so much material that by the time you get to B8, you forgot everything from B1-3. I got most of my studying done of weekends. I would spend Saturday going over new material and Sunday going over old material.

Good luck with the monster!

[Anonymous]

@CPA-slave That's so weird, none of my SIMS had IFRS and I had a lot less IFRS MCQs than I was expecting.

That being said, the MCQs I did get on IFRS required a solid understanding of the differences between the two.

[Anonymous]

I made note cards and reviewed them when I could. Then I just kept churning out MCQ until I could not take it. I think the repetition helped me comit to memory more than true memorization.

[Anonymous]

There's very little to memorize in FAR. Learn the concept, don't memorize. 95% of the material in FAR is conceptual.

[Author]

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