[Tcohle]

If you studied thoroughly and put in the time, got good MCQ scores on your reviews, yet still failed, what do you think was your one mistake you fixed that put you over the hump to pass the next time?

FAR- 5/11/15 76!!
AUD-10/31/15 63, 84!
REG-7/12/16 72
BEC-8/31/15 75!! Perfect Score!

Wiley CPAExcel Platinum
Ninja 10 pt combo for FAR/AUD/BEC

[golfball7773]

I am going to focus on making sure I know my JE's for every question when I restudy in June (My AUD nts expires in May)

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[Sleep Optional]

Memorization of MCQs. The first time I took FAR I subconsciously memorized the MCQ answers and over time forgot the actual concepts. The 2nd time around I was more self aware of that problem and focused more on trying to understand the concepts behind it. I still had that problem the 2nd time around but it was just enough to get by (scored a 78 but averaged ~94 on Wiley's test bank).

I had that same problem with REG, but I used a supplementary test bank that time so I could better identify and strengthen the areas I was weak in.

BEC: ☑ x1 attempt(s)
REG: ☑ x2 ''
AUD: ☑ x1 ''
FAR: ☑ x2 ''

Done!

[Tcohle]

@SleepOptional I fear I will have that same problem. I don't intentionally memorize them, but if you do them enough you can sort of bail yourself out on the practice test banks because you remember the answer. I have trending 100%s in NFP, governmental, and framework, 75% in Specific Transactions, and haven't really gotten to FIn. Statement accounts.

While I think I have a really good grasp on the topics (I can answer them without looking at the MCQ possible answers), I worry about memorization.

FAR- 5/11/15 76!!
AUD-10/31/15 63, 84!
REG-7/12/16 72
BEC-8/31/15 75!! Perfect Score!

Wiley CPAExcel Platinum
Ninja 10 pt combo for FAR/AUD/BEC

[MaLoTu]

I second the JE … know them!

I would study the GAAP/IFRS differences more carefully. I would also look at OCI and AOCI.

My test was out of left field! In a reasonable amount of time, I could not have prepared for the obscure things I was asked! I don't anticipate having such a curve-ball next time.

[Tcohle]

Seems like a good amount of people pinpoint J/E's as something to really study

FAR- 5/11/15 76!!
AUD-10/31/15 63, 84!
REG-7/12/16 72
BEC-8/31/15 75!! Perfect Score!

Wiley CPAExcel Platinum
Ninja 10 pt combo for FAR/AUD/BEC

[Anonymous]

Journal entries were key to me, I just took my re-take last Monday and feel a lot better about my last exam simply by understanding the journal entries better. Not only will journal entries help you work through and solve a problem by writing them out but will also help you answer conceptual questions and generally be key for the SIMs. Do not neglect the J/Es. But also, DO NOT neglect Gov't/NFP and it's journal entries as well. Don't just memorize the J/E's though, think through how they relate to the financial statements and understand why and when to use debits and credits.

[Tcohle]

So how did you study them? I have a giant list of J/Es and a simple question to go along with it

FAR- 5/11/15 76!!
AUD-10/31/15 63, 84!
REG-7/12/16 72
BEC-8/31/15 75!! Perfect Score!

Wiley CPAExcel Platinum
Ninja 10 pt combo for FAR/AUD/BEC

[Anonymous]

When working through your MCQ software think through or write down the journal entry for each question, i.e. pensions, bonds, leases, gov't, etc.

[sweetmoon]

The only thing I changed around second time was to prepare according to the score weightage. I did not do that the first time and Bonds /Govt accounting killed me. FAR is vast, so knowing where to focus and how much to focus really helps.

FAR : 71, 83
AUD : 73,88
BEC : 87
REG : sweet 82 and DONE !!

[Anonymous]

For me, the mistake I made on my first attempt was not studying SIMS like I should have. So the second time around, I made sure I spent more time doing SIMS and understanding J/Es and not just being able to answer MCQs. J/Es are essential to passing FAR. Know IFRS vs. GAAP, NFP and Gov't.

[Author]

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