[Anonymous]

Taking FAR for the first time in about a Month…

Can anyone give me insight on how heavily or the manner in which they test on Ratio Analysis?

Thank You!

[trish_1234]

IDK but u might aswell put time into it bc its often seen in AUD SIMS ………A lot

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[Anonymous]

They are definitely tested often. Not only on FAR, but you will probably come across them on AUD and BEC as well. Definitely worth taking the time to memorize. They're not that bad and there are patterns to them (the name of the ratio is often based on the denominator if that helps; ie, the inventory turnover is COGS over inventory; the receivables turnover is sales over AR; etc).

As far as the manner in which they are tested, they may give you starting/ending inventory balances, sales, and the gross margin percentage and ask you to calculate inventory turnover, as an example.

[Anonymous]

Thanks yeah I am definitely going to study them. Are Industry averages given in problems? I assume they would

[Anonymous]

As far as having to memorize what a typical turnover ratio is for an industry? You definitely do NOT have to know that.

However, be prepared to answer what it means to have a certain # for a ratio, and how increases/decreases in the numerator/denominator will affect your ratio.

They like to ask questions such as “your asset turnover ratio is .75 and you buy additional assets on credit; will your ratio increase or decrease?” Worth memorizing or at least being able to work it through mentally whether equal changes to the numerator or denominator will increase or decrease your ratio.

[WaivingMyHands_ALOT]

You'll never be expected to know something as specific as industry averages. You may be asked to compute different ratios (turnover, liquidity, quick, etc.), or interpret what the change in a ratio from one year to the next means.

AUD 99
BEC 96
FAR 94
REG 96

[trish_1234]

was just inquiring abt ratios and apparently in BEC it is used a lot and not that much on FAR. Best bet is for you to ask the FAR study group.

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[ocarina]

My FAR exam didn't have any of the ratios but then again, that is pure luck.

FAR - 78
AUD - 82
REG - 79
BEC - 78

Study Materials: Becker Self Study, NINJA Notes, NINJA MCQ for review
Started March 2015 and finished December 2015 all on first attempt. Licensed CPA Jan 2016.

IT Auditor/CyberSec Consultant in Public Accounting
Future goals: Learn IT Network infrastructure, obtain CISA & CISSP

[trish_1234]

@WaivingMyHands_ALOT If I wave my hands alot will I score as you have on the exams …….holy cow any tricks you wanna share lol??? sooo jealous right now!

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[WaivingMyHands_ALOT]

@trish: I think that is the key. I've found that people that waive their hands score higher on the exams than those that do not… 😉

As far as tricks go…wish I had some secret formula to beat the exam. Unfortunately it's all been said before. Watch the lectures if your study prep has them. Do MCQ practice. Leave yourself time to review.

I kind of lucked out because I was able to take the exam while in school, so I wasn't juggling a job or family. I also worked for a CPA test prep company part time. So I was constantly around the material (work, school, self study). Working for the test prep company helped a lot because I got to see what areas of the exam candidates struggle with most. In order to help them out I had to really understand the material. So come exam day it was second nature.

If you have any areas you're struggling with for certain sections let me know and I can try to help you out on specifics.

AUD 99
BEC 96
FAR 94
REG 96

[trish_1234]

@ WaivingMyHands_ALOT …Amazing job! totally amazing congratulations. What is more amazing is how you are such a humble person for downplaying the fact that you did so well because you are simply just smart and focused :).

I suck at how changes effect ratios any advice would be appreciated.

PS … I am still gonna wave my hands while I sit the exam…….just in-case 🙂

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[golfball7773]

^ I waive my finger at the camera during the exam….does that count?

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

*expired

[trish_1234]

LMAO ur are too funny golfball!!!! You and I are going to be kicked out of the test center.either on handcuffs or strait jacket… lol

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[Author]

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