@Path to CPA, Lady in Red, to_be_a_CPA, bjo………………up to page 34 of FAR ninja notes and already discouraged and have no clue how im going to get through this info, and master it before 11/30… let the stress begin
@bluegirl — I've also been spending a lot of time on the recruiting stuff and networking events. As I see it, I have 6 more chances to take FAR before I lose credit for anything, but recruiting season is only once a year here. I've been on 4 interviews in the last week and a half, just got asked back for a second interview at one of the places, and should hear from others in the next week. In my mind, getting a job is a higher priority to me than passing FAR this window. I've still been studying a lot, obviously, but I would be perfectly satisfied if I ended up with a job but had to take FAR again. (I would be over the moon if I got a job and passed FAR, though!)
@sarah210 I'm feeling guilty for pushing it back. But I have the same issue, recruiting is once a year and I want a different job pretty bad. The last interview for me will be Oct 18th, so I may be able to pull FAR off in November.
I pushed mine back as well, and ordered the Becker Final Review (hopefully to help me retain major topics right before the exam). I already completed all the MCQ's, once, and half way through it a second time.. But I still felt like I was taking MAJOR short cuts, esp. since i was skipping the simulations, which I think are helpful in making me understand a concept better. Its better to reschedule if you dont feel 90-100%.. When I went into the other 3 exams, I walked in knowing fully 100% that I did everything I could possibly do, and I got a score in the 80's.. Its better to spend an extra month or so studying more, then ending up failing, and re-studying everything yet again for the next window.. Good luck to you guys.. Just remember, these exams arent impossible… they just require a LOT of your time!
Bonds, and to a lesser extend, stockholder's equity, seem to be where I am weakest. I plan to review those until I have a good understanding. After that, I think I will probably spend most of my review time on simulations and journal entries.
Bonds, and to a lesser extend, stockholder's equity, seem to be where I am weakest. I plan to review those until I have a good understanding. After that, I think I will probably spend most of my review time on simulations and journal entries.
Tomorrow is the day for this mamma. 🙂 No matter what happens I am looking forward to a break from studying. I think I could have studied for another month and still not feel fully prepared. There is a ton of material in FAR!!! Feel pretty ok about concepts, JE's, leases, bonds, government, not-for profit, inventory, CA/CL. Struggle with fixed assets and impairments and a few of the concepts on stockholder's equity. Not much I can do about it now though!!! All I know is by 11AM tomorrow I will be a free woman for at least three months and I am soooooooooo ready for a break. I feel like this exam is seriously making me question my sanity. I'll report back tomorrow after the exam. Enjoy the evening everyone and keep pushing if your test is coming up.
B: 81 (3X) May 2012
A: 76 (1X) Nov 2011
R: 86 (2X) Feb 2012
F: 64, April 2011, retake 10.01.12 - 75!!!!!!!!!!
Hi all. I have a question regarding retaking FAR (for any of you who are in this boat). I tested on Aug 28th and felt OK about it, but found out that I failed with a 72. As for study materials I was using 2011 Becker self study, but now my software is expired. I purchased the Wiley Test Bank to supplement the expired software license. Right now I am re-reading the Becker book while taking detailed notes and will do tons of m/c questions & sims from the Wiley Test Bank. Any of you have any similar experience? How much time did you give yourself to restudy? Right now my exam is scheduled for Oct 14, but I am pretty certain that I will be pushing that back a couple of weeks. Thanks!
B: 81! May 2013
A: 70 Feb 2013 / 75! May 2013
R: 94! May 2012
F: 72 Aug 2012 / 83! Nov 2012
I gave myself 5 weeks. It has been over a year since I took FAR so I gave myself 5 weeks to include a cram course. If I had just taken it I would not rewatch lectures, maybe just the lectures on the topics you are still weak on. I would be careful about using a 2011 course since some of the basic concepts changed so much, SFAC #8, how to report other comprehensive income (changed from 2011 to 2012) and some of the items for GASB (GASB 63 replaces GASB 34). I would at least pick up the NINJA notes. Wiley 2012 should help with differences. Good luck, this is my second time this beast of a section and I really hope my last!!
B: 81 (3X) May 2012
A: 76 (1X) Nov 2011
R: 86 (2X) Feb 2012
F: 64, April 2011, retake 10.01.12 - 75!!!!!!!!!!
Thank you! I printed off the changes from 2011-2012 from the Becker website so I have the SFAC #8 change…but must have missed the GASB 34 change. I will have to take a second look at that! Unfortunately, I am trying to work with what I have to avoid spending too much $$$…as is everyone else, I am sure. Thanks again for the info…and GOOD LUCK tomorrow!!!
B: 81! May 2013
A: 70 Feb 2013 / 75! May 2013
R: 94! May 2012
F: 72 Aug 2012 / 83! Nov 2012
I am new to CPA have 2011 Beckermaterial for FAR, I have started studying but I was wondering whether there is an overview of changes from 2011 to 2012 in general and Becker specific.
Also I have the final review and made the MCQ's, but I don't have the answers, anybody know where I can get them?
@2012CPA…I used the Yaeger 2012 cram course and according to them, there were 3 approaches (this is GAAP, not IFRS) allowed in 2011 but only 2 in 2012. You can present a combined statement of income and comprehensive income or present a second statement that directly follows the income statement. Approach #3 of presenting comprehensive income in the statement of changes in SHE is not allowed in 2012. Again this was according to the cram course I just took so anyone can fill free to correct if they understood this differently! 🙂 Good luck!!
B: 81 (3X) May 2012
A: 76 (1X) Nov 2011
R: 86 (2X) Feb 2012
F: 64, April 2011, retake 10.01.12 - 75!!!!!!!!!!
Mom2two – that's correct. I use Becker and understand it the same. GAAP allow(ed) the Single Statement Approach, Two-statement approach, or the showing it within the Change in SE. Beginning in 2012 (I think), companies can only use the first two approaches, in line with IFRS.
Jumping into this thread now…I take the exam on 11/2. I finished watching the lecture for F-7 last night and I'll start on making flashcards and the MC/Sims for F-7 tonight. I plan on finishing that up Thursday night and tackle F-8 this weekend, using the same routine. Next week I'll do F-9 and F-10 and leave the rest of the time for review (2.5 weeks). I've been studying since Labor Day (3-4 hours each weekday after work and 6-8 hours each weekend day). I've been watching the lecture, re-reading the chapter/make my own FCs, do the MC and SIMs, and then each night (usually) I review all the FCs I've made up to that chapter. The ones I know I review 1-2x each week.
I know I'm weak on several areas but I think reviewing the FCs and doing progress tests after each chapter is helping me maintain understanding of prior chapters…or least I hope it is. 😉
Virginia
F - Passed
R - 1/19/2013
B - February 2013
A - April 2013
.