[Anonymous]

I ordered the FAR 2011 review from Yaeger and it just arrived yesterday. I’m trying to figure out whether I should take the exam this August (gives me 2 months to study) or in November (gives me 5 months to study).

Taking the exam in August means that if I don’t pass, I still have November, but even if I pass I would have to wait until December to get the 2012 materials for my other sections (3 months downtime while wasting the 18 months rule). If I take the exam in November I could start studying for the other sections without much time loss for the 18 months rule. But if I fail that could prove to be a much worse scenario.

My question is, if I fail FAR 2011 in November, will the 2012 exam be much more difficult in terms of new material and IFRS udpates? Is 2 months sufficient to study for the FAR section?

[IwannaBaCPA]

IMO, If you take 5 months to study, you will forget what you studied in month 1 and 2 by the time you get to month 4. I mean, the “the devil is in the details” (Tim says a lot) with this stuff and you can easily forget those details in 5 months…

I suggest going with the 2 month timeline, making a study schedule BEFORE you start and trying your best to stick with it. Leave plenty of room for downtime and breathing room, but also keep on track. 2 months is likely the “ideal” amount of time for FAR.

Best of luck to you! I face (and I better conquer) this beast on Thursday!

BEC: 79 - April 2011
FAR: 78 - May 2011
AUD: 81 - May 2012
REG: 79 - October 2012
Ethics: Passed - March 2013
I am finally DONE!

[Author]

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