[jeffc82sm]

I am wondering is it better to master GAAP and get somewhat familiar with IFRS the last few days before the exam?

[jeff]

Whatever your course teaches you – such as differences between GAAP and IFRS…outside of that, the question really can't be answered in keeping with disclosure rules.

Jeff

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

[Getting a CPA]

I hate learning IFRS to GAAP differences, cause then I can't remember which is which!

For example – a 51% chance that a lawsuit will be lost and will require a payment means what under each???

[kayakate24601]

Having taken FAR last I did not really get why it was such a big deal that IFRS was tested on the exam when it had not be previously. FAR is really where that difference is highlighted. Becker redid their emphasis on IFRS and drawing the distinctions between GAAP and IFRS. Hope that helps!

B ~ 78 (04.02.12)
A ~ 70 (08.31.12) ~ 77 (10.05.12)
R ~ 81 (04.04.12)
F ~ 65 (11.12.12) ~ 73 (02.28.13) ~ 77 (04.01.13)

[kctiger]

Obviously, due to disclosure rules, I can't give you a definitive answer. If you are in your final review stage, I'd say it would be beneficial to review anything your review material throws at you (i.e. if they make it a point to emphasize, you should review it). Even if I was allowed to disclose the test, FAR was SO completely random that I can't even say focus on one thing or the other. Just get comfortable with everything, as cliché as it sounds, because it is all fair game.

[Anonymous]

If you don't know it, it will be a material portion of your exam.

[Author]

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