[ppierce]

I took FAR first and got an 80, so i’m done there. Or so i thought. I was studying AUD last night and the Gary from Yaeger was talking ratio’s and journal entries for one of the SIMS. I started getting queasy flashbacks.

How much of AUD depends on retaining financial accounting that appeared on FAR? We talking a SIM or two?

FAR 80
REG 76
AUD 85
BEC 85
Ethics 98
DONE!!!!!!!!!!!!!!!!!!!!

[See Pee A]

I had some sims that seemed more FAR-like than AUD material. It's tough to prepare for these since they are very random and don't really appear in the AUD review materials. If you're well versed in journal entries and understand the ideas in financial accounting, you should be able to handle these. Just think through them clearly and do your best. Unfortunately, even after taking the exam this is the best advice I can give to handle these types of questions.

BEC 86 (08/30/11)
FAR 84 (10/13/11)
REG 88 (11/08/11)
AUD 86 (11/29/11)

Exam prep - Becker self-study

[SIMSLAYER]

Right there with you. Made me glad I didn't do the whole celebratory “burning of the FAR materials” thing once I passed. I heard the same thing from Gary and immediately went on the hunt for the FAR index cards I created.

Looks like we are definately going to need to retain the ratios, and what effect various scanarios will have on them, etc. Also, I have heard a lot of people compaining that they felt they were taking FAR, rather than Audit once they got to the SIMs.

My plan is to take note of any FAR-related subject areas that come up throughout my studies and make sure I am up on that stuff come test day, and also to lightly review my FAR index cards just to jog my memory on some things before test day.

FAR- 81
AUD- 93
BEC- 79
REG-

[jenuno01]

Also make sure you keep the concepts of change in accounting principle/estimate fresh in your head- the whole retrospective vs prospective adjustments…they come in handy while you're studying report modifications.

Class of 2012

[Anonymous]

Remember, when you're auditing, how do you know if something is fishy in an accounting sense? That's right, you rely on your FAR knowledge.

After studying AUD, there is AUD stuff on BEC (like Internal Control) and REG (SOX, independence rules in regulation)

too. I saw some FAR stuff on BEC too.

All the 4 sections seems to have some overlap from the other sections,

[Author]

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