[Anonymous]

On my study break… Everything I read in the forum seems to indicate that IFRS is increasingly tested in 2012 (great). I’m using Yaeger and it keeps the focus mainly on the major differences w/IFRS and GAAP…

Any additional suggestions on how to approach studying for IFRS?

[msgolds]

Honestly, most of the standards are pretty similar to one another, so once you learn the GAAP standards, just focus on the differences. IFRS is not tested extremely in-depth, but you need to be comfortable with the differences.

BEC - 90 PASSED
FAR - 84 PASSED
AUD - 93 PASSED
REG - 84 PASSED

I DID IT!!!!

Using Becker Self-Study

"If we were put here to carry a great weight, then the very things we hate are here to build those muscles."

[Sandra]

The ninja notes are fantastic for this, and my book (I use Roger) has a super handy chart too. I skipped over a lot of the IFRS stuff the first time around so as to not confuse myself. Now that I'm really getting IFRS I don't find it nearly as terrible and overwhelming as it did at first glance.

[evancole]

I agree with Sandra, the NINJA notes are great for IFRS. It is a great too and summarized the main concepts that you should know.

[evancole]

Wow I wish I could actually post something that makes sense; guess this CPA journey is making me delusional. My second sentence should be: “It is a great tool and summarizes the main concepts that you should know.”

[Mrs 300]

Let me just put it this way – I have the NINJA notes for FAR and I would purchase the NINJA notes for the IFRS summary ALONE.

Also, I've taken the test twice in 2012 and in my experience, the exam focuses on IFRS theory. I felt prepared as far as IFRS for my FAR exams.

The advice to know GAAP and then know the differences is also very good. Best of luck!

REG - 80 (Becker only)
BEC - 76 (Becker only)
AUD - 71, 76 (Becker only)
FAR - 65, 74, 81! (Becker, Wiley Test Bank, Ninja notes & Audio)

CPA Class of 2012 🙂

[Anonymous]

Just remember to not only know the differences, but know how to solve them using IFRS method.

[rsoxtim]

I like the Becker summary of differences after each chapter. I've used those in making my flaschards for IFRS accounting differences.

Virginia

F - Passed
R - 1/19/2013
B - February 2013
A - April 2013

[jeff]

Free NINJA Notes/Audio: https://www.another71.com/cpa-exam-study-plan/

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

[jeff]

Video: http://www.another71.com/ifrs-on-the-cpa-exam/

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

[Author]

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