Hi Broag,
I can totally understand. I can feel the pain. I think all your hard work is not wasted. Maybe some additional time to complete the exams. I am sure you will come out with flying colors. Mark my words.Just be focused and keep doing it.
Here is my situation and experience.If it helps you then I will be happy.
First I am kinda of age wise old to do this exam. My 2 kids are graduating today – one middle school and another one going into 3rd grade . At 44 yrs it is really difficult to study. Getting some time for myself is a great challenge.I don't have accounting background or experience. I did few accounting courses in the community college to get the CPA eligibility.
I passed BEC – 80, Failed AUD 74, Failed FAR first attempt 63 and then in the FAR retake passed with 80.
I used BECKER self study, BECKER Final Review and Ninja Notes – PDF file with approx 120 pages.
Yup it was very depressing after failing AUD at 74. I thought I need to understand FAR to take the AUD.So registered for FAR and started studying for FAR. After failing FAR at 63 was a disaster. I literally quit studying few months .I thought FAR will kill me and I can't pursue CPA further.
I know I need to understand the accounting basics to study FAR.
I used the below Youtube channels to understand the basics
https://www.youtube.com/user/rutgersweb
https://www.youtube.com/channel/UC-0aTImt5gVOgND70k8MCew
https://www.youtube.com/user/NotePirate
For JE's I definitely practiced the below
https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm
The above link I got it in this forum.
The difference between 1st and 2nd FAR retake is
1.Understood the basic concepts.
2. Practice JE's for all the chapters or all the scenarios.Practice..practice..practice..Just spend one whole day and you will master it.
3. Memorize the IFRS Vs GAAP differences.This is very critical. Again in BECKER Chapter 10 they have summarized in a nice way – Tabular form – 4-5 pages only. Also the HW questions 60 worth doing it.
4. Don't ignore any topics. I tried reading all the Chapters in Becker – From 1 to 10. Ignored only Financial Instruments in Chapter 10. In my experience MCQ's appear from all topics.
Sometimes it is overwhelming. Just focus..focus..focus..I can do it and you can do it and better than me. Just keep studying.All the best 🙂