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So I sat for FAR yesterday for the first time and I must say, everything that I read on this site beforehand was pretty accurate. Know NFP’s, big time! Know journal entries from Becker chapters 3, 5, and 7. I wasn’t tested very heavily on IFRS. I seem to recall several governmental questions, which was a good thing for me because I think that was one of Tim Gearty’s better lectures and he drills that stuff in your head really well.
I’m a little worried with how my test went. After testlet one I had 3 hours 20 minutes remaining. After testlet two I had 2 hours 40 minutes remaining. After testlet three I had 1 hour 50 minutes remaining, and by this time, I was about to bust from the coke I drank before I went in. So I actually took a break (never thought I would have the time on a CPA exam to do this) and when I came back I had about 1 hour 43 minutes to do sims.
I had one research sim, which was pretty vague and could have easily been one of two options-fingers crossed there! 2 sims I know without a doubt I nailed-hoping one of these wasn’t pretest! 1 sim I probably got 70% correct. And the other 3 sims I pretty much guessed on all of them. I had to fill in a lot of cells and do quite a bit of calculations. One of them was absolutely ridiculous and I am praying it was the pretest. It had an information tab that had almost two pages worth of data and charts. Then the tab where you enter your answers had another page worth of data/charts. It only asked for three journal entries, but to get them you had to do several calcs. I thought I was confident in this topic until I had to do JE’s on it. It caught me off guard, needless to say.
So I finished all sims with about 20 minutes left. Took 10 minutes to read back through all of them and closed out with 10 minutes to go. As I said before, I’m a little nervous with how fast I was able to do the MCQ’s. I have NEVER been a fast test-taker and always finished close to last in college and prior to. For BEC I finished with 1 minute to go and had to rush through the written communications because of how long I took on the MCQ’s.
Being that I went through the MCQ’s that fast could mean two things: 1) I didn’t do well on the first testlet, which made the second one easy, and I didn’t do well on the second one so the third one was easy, or 2) I knew all of the MCQ’s and it didn’t matter how much harder testlet two and three got I was prepared and they all seemed easy to me.
My gut tells me that I did decent on the first testlet and probably got a medium difficulty testlet two. I am very confident that I nailed ~90-95% of the questions on testlet two and three. So adding that to the fact that I nailed 2 out of 7 sims, got ~70% correct on 2 of the remaining 5, and might have gotten lucky and got 30% correct on the remaining 3, I’m hoping it was enough. Hopefully the pretest sim is in the latter.
Given all of this info (and sorry for it being a novel), does it sound like enough to pass???
B - 80 (10/06/11)
A - 84 (01/03/12)
R - 81 (02/16/12)
F - 82 (11/23/11)Thank you Jesus!
Used Becker Self-Study
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