FAR Study Group – October/November 2012 - Page 32

  • Creator
    Topic
  • #173941
    ihatestudying
    Participant

    @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

    AUD - 2/27/12 - 76
    REG - 5/31/12 - 78
    BEC - 8/31/12 - 77
    FAR - 12/6/12 - 76

Viewing 15 replies - 466 through 480 (of 510 total)
  • Author
    Replies
  • #384622
    kristo123
    Participant

    @glass2lose, in my opinion and you should ultimately decide for your self bonds and leases from F5, pensions and taxes from F6, inventories, fixed assets, depreciation from F4, equity, eps, cash flows as well as NFP and Govt Accounting are all important. as to which ones are heavily tested or which topics you'll get in particular i don't know.

    FAR -
    AUD -
    REG -
    BEC -

    #384623
    Anonymous
    Inactive

    I've never taken it, but from my understanding it's IFRS, Bonds, Leases, Pensions, Govt, NFP.

    #384624
    LIZZ
    Participant

    @glass2lose – You never know what you are going to get on the exam.

    There are a few things I would do.

    I would focus on the chapters that can have a SIM a ton of people are complaining about the SIMS and say you should give yourself 2 hours to complete them. Also, do the questions in the book at the end of each chapter (the answers are in the back of the book). That can tell you where you are in that chapters material. Skip the lectures and give yourself maybe 2 hours per chapter. Make flash cards on simple things you can memorize like J/E's. As always do as many practice quiz/exams and SIMS as you can. Then take the stupid test!

    Remember you only need a 75 !

    FAR - 05/2015
    AUD - 75,11/2014
    REG - 07/2015
    BEC - 09/2015

    #384625
    michaelabs22
    Member

    Hey everyone! Passed AUD and (hopefully) BEC, I don't get my score until around Dec. 7th. Now it's time to dive into FAR. I scheduled my exam for the second week in January, giving me 6 full weeks to study. I work full time at an accounting firm, but find plenty of time to study throughout the week and into the weekend. I was just curious what chapters people found especially difficult, or especially easy (in comparison). I'm excited to start a new section, but I've heard FAR is an absolute beast. Any tips from those that have recently passed it?

    Edit – So I just read more from the thread and see the topics that are highlighted as most important, forget that part of my post! Thanks.

    A - 10/28/12 - Passed!!!
    B - 11/20/12 - Passed!!!
    F - 11/12/13 - Passed!!!
    R - 02/01/13 - Passed!!!

    Work Experience - Done!
    Ethics Exam - Boom! Done!

    RI Licensed CPA.

    #384626
    to_be_a_CPA
    Participant

    Welp, its a couple days before the exam and I am in all freak out mode! I am having troubles grasping the concepts. However, I am going to take the test anyway and give it a shot who knows all the concepts on the test might be made up of the concepts I am confident with (highly unlikely).

    AUD- 61,76-PASS!!!
    BEC-60,71,76-Pass!!!
    REG-66,78-PASS!!!
    FAR-71, 81-Pass!!!
    MD Candidate

    Becker Self Study expired now using Wiley Text Book and Test Bank

    #384627
    MCLKT
    Participant

    Hey All, just wanted to thank everyone for posting in this topic. I have used many of the tips in my studies. I took FAR today, and while I felt decent going into it… I felt great working through it. I think I did well, except for that time management issue. I'm usually good on practice exams at managing my time, but today I blew it. I took waaaaay too long on two of the sims. Finished the third and fourth, but had to enter 0s on the last 3 🙁 I had an hour total left to complete all 7.

    I'm sure I blew this, but I'm on to AUD and will retake FAR in 2013.

    Good luck every one!

    A:[73]97 F:[74]85 R:86 B:[74]82
    *NINJA 10 Pt. COMBO & Yaeger*

    #384628
    stokey45
    Participant

    I am reviewing this entire week for my exam on Friday. As I review I can see so much that I need to work on. I probable could benefit from doing all of the MCQs again. I do not have time for this.

    What I am doing is going back to each chapter and rereading my notes and then doing 10-15 question quizzes on the chapter. I take several in that day and when I get a question wrong I try to understand what I did wrong. As the day progresses my scores get better. I hope this is enough to get me a passing score but I am not confident.

    If you have any suggestions for me I would love to hear.

    Thanks

    #384629
    MCLKT
    Participant

    @Stokey, Take a full exam 90MCQ and 7 SIMs tomorrow morning. If you are using Wileuy, use as test mode, not study. Focus on your weakness from those results. I recommend using questions you have not seen, if you have the ability to select it.

    In addition to that, feel like you have mastered Leases, NFP, Pensions, Bonds, GOVT, Depreciation/FA, and IFRS.

    AND pay attention to your time management 🙂

    Good luck!

    A:[73]97 F:[74]85 R:86 B:[74]82
    *NINJA 10 Pt. COMBO & Yaeger*

    #384630
    Anonymous
    Inactive

    Wow, talk about a roller coaster ride of emotions. I start each day off doing terribly, and finish the day with a bit of confidence that I can tackle this beast. Then I wake up the next morning and get destroyed by MCQ and my confidence returns to zero. I have THREE days left, and am just hoping I can scrape enough information to get through this test with a passing score.

    #384631
    secitone
    Member

    Need help figuring out weighted avg, for EPS:

    Strauch Co. has one class of CS outstanding and no other securities that are potentially convertible into CS. During 2010, 100,000 shares of CS were outstanding. In 2011, two distributions of additional CS occurred: On April 1, 20,000 shares of treasury stock were sold, and on July 1, a 2-for-1 stock split was issued. Net income was $410,000 in 2011 and $350,000 in 2010. What amounts should Strauch report as basic EPS in its 2011 and 2010 comparative income statement?

    I have no problem figuring out eps for 2010. Just confusing finding weighted avg of shares for 2011. I know that stock split are treated as if outstanding all year, but its just confusing. Help and thank you.

    FAR: (11-30-12)52
    AUD: Next (Jan-Fed)
    REG: So on..
    BEC: And so forth.

    #384632
    samdiegoCPA
    Member

    Took my first practice test on Wiley this afternoon. 20 mins in, my roommate & his gf came home for lunch. UGH. Sat through 45 mins of them making food in the kitchen and me smelling it and wanting it… Took the practice test in 2 hours and 10 mins… got 63%. 3/7 SIMS and 59/90 MCQ correct I think it was.

    Going to go over the ones wrong, then take one more today. Hopefully no interruptions this time!! I don't think this was an accurate measure of my knowledge at all. Plus the SIMS were so easy, I hope the real ones are similar but they aren't from what I have read here!

    AUD: 84
    REG: 84
    BEC: 79
    FAR: 83

    #384633
    Anonymous
    Inactive

    If you guys want a nice confidence booster then take these recently AICPA released questions.

    Created with Compare Ninja

    #384634
    Anonymous
    Inactive
    #384635
    secitone
    Member

    “+200,000 shares of CS due to stock split (treated as if outstanding for whole year – same with convertible securities unless issued during the year)

    +15,000 sale of TS (20,000*.75)

    =215,000″

    -Bamer101

    Thank you for the input, but i dont believe its right.

    here are the answers

    2011 2010

    a. $1.78 $3.50

    b. 1.78 1.75

    c. 2.34 1.75

    d. 2.34 3.50

    FAR: (11-30-12)52
    AUD: Next (Jan-Fed)
    REG: So on..
    BEC: And so forth.

    #384636
    Anonymous
    Inactive

    @secitone – oh wait, i totally did that wrong. I deleted my previous post so as not to confuse anyone.

    2011

    +200,000 for original issued and outstanding CS (100,000*2)

    +30,000 for TS sold 4/1 and then doubled due to stock split (20,000*.75*2)

    =230,000 WACS

    2011 BEPS = 410/230 = 1.78

Viewing 15 replies - 466 through 480 (of 510 total)
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