[nk522]

Hi everyone,
Just curious to know what you guys think. Currently studying for FAR, and went through all the Becker lectures and as of now I think that Chapter 2 (Matching, Foreign Currency Accounting and Other F/S Presentations) and Chapter 8 (Governmental Accounting) are probably the most nerve wracking to tackle.

Any tips on how to master the difficult chapters without going insane?!

[CPA8675309]

I don't use Becker so I don't know what chapters these areas are in, but my weakest areas thus far have been governmental accounting and income taxes. I found recently, however, that I'm a wizard with equity.

[kdawg22]

equity was the hardest for me

[A1lessio]

Chapter 2 was the f$#king worst! I highly recommend you take the sub-sections at the end of F2 topic by topic and don't try and do them all in one night. Eventually it should click.

AUD (08/02/2016)

[CPA so close, so far away]

Those matching MC from Beckers homework are the worst. Just try your best on them but move on when you have too. You will not see a ton of those (if any) on exam day.

[startupcfo]

equity was hard and so was deferred taxes

BEC - 87 | 02/28
REG - 70 | 06/10, REMATCH | 08/30
AUD - XX | 09/10
FAR - XX | 12/10

[Anonymous]

Government and Nonprofit, both appearing heavily on the exam. Both areas very confusing, but nonprofit isn't nearly as confusing as government.
Also found the chapter on deferred taxes well but I don't think it was well-written. Ditto for the chapter on earnings per share (dilutive.)

[Scared-cpa]

I personally enjoyed NFP and government. It's something that clicked with me. The worst for me was pensions. I never did understand them. Then calculating PV/FV of bonds/loans or their interest confused me but I got a better understanding the second time around. Plus, I learned journal entries a lot better now too.

[Anonymous]

Chapter 2 without a doubt. But, it will make more sense once you work through all of the material. Goodluck!

[Jax]

I had a really hard time with business combinations. For some reason, it just didn't click for me.

[Anonymous]

I left off foreign operations and derivatives! How could I forget? Luckily, I got only like 2 questions on those on my exam and they were easy. I dread going back and studying them again for the retake though…. I thought I was prepared for consolidations/intra-entity transactions but alas, no. I got a TBS on that and it would've taken me an hour to answer it so I skipped it. Had I not, I think I'd have passed.

[mtaylo24]

I struggle with anything inventory related. I'm fine if I study the whole chapter of inventory, but if I do a random test with all topics, I always freeze when I get an inventory question. That topic really doesn't make any sense…

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[N4]

Ch 2 and the govt/nfp accounting chapters in my opinion.

How to get through them? Study them again and try to go through the mcq again…it will stick better the second time.

FAR (5/31) PASS (Best birthday gift ever!)

[Chelsea26]

Pensions and Leases are absolutely terrible

BEC - July 2016 → 78
AUD - Sep 2016
REG - Nov 2016
FAR - Feb 2017

[Author]

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