Everyone studies/learns in a different way, so you'll probably just have to see what works best for you.
I studied using NIU (Northern Illinois University) CPA Review – Correspondence Option. It's basically an MP3 audio version of the live review course. I supplemented the material with Wiley Online Test Bank. However, I ran out of time and was only able to get through about 300 Wiley MCQ's per exam section.
The review materials from NIU CPA Review were pretty well loaded with MCQs mixed in throughout the chapters, so it's not like I didn't practice any MCQs. Many candidates do thousands of MCQs and repeat them several times.
The MP3's contained approximately 40-50 hours of lecture for each exam section (maybe only 30 for BEC, but I haven't started yet, so not sure).
Here's the approach I've used for each exam section so far.
1) Listen to lecture and follow along in the review books. Take necessary notes.
2) Re-read the books and work through the material on my own. Take notes as necessary.
3) Read through all review books again (the 3rd review is much quicker than previous 2).
4) Review notes and/or sections from books that were difficult to remember.
5) Work MCQs from Wiley Online Test Bank in practice mode from all topics. Again, I ran out of time, so I didn't make it through nearly as many questions as I had originally planned. I didn't work any practice task based simulations in Wiley. I just hoped that my understanding of the material was sufficient to complete the task based simulations thrown at me during the exam.
6) Review AICPA exam released questions. These were provided through my review course. They are a sample of actual exam questions released by AICPA from recent exams.
For each section, this was done in a compressed time frame of approximately 20 days (maybe a little longer for FAR). I'm the worst procrastinator in the world. Fortunately, my job allowed me to take some time off before each exam. I studied for 12+ hours per day for at least 10 days prior to the exam. Estimated study time for each exam: FAR – 200, AUD 150 to 175, REG 150 to 160.
There were also a few topics in FAR that I found myself referencing my textbook from college accounting courses to get a better understanding and explanation of the topic.
So far, I've scored FAR 90, AUD 96, and REG 93. It would be an understatement to say that I'm pleased with the NIU CPA Review course.
Many candidates are successful just cranking out thousands of MCQs without much reading/reviewing. I don't like this approach because I feel the need to understand as much of the material as possible before approaching MCQs (with the exception of MCQs contained in each chapter to help with understanding concepts). However, I must say that the 300 or so Wiley MCQ's I attempted for each exam section were very helpful. Many of them were very similar to actual exam questions. If I had to do it over again for the 3 sections I passed, I would try to get through all of the MCQs at least once.
FAR 90 Oct. 6, 2012
AUD 96 Dec. 8, 2012
REG 93 May 30, 2013
BEC 84 Aug. 31, 2013
NIU CPA Review Correspondence and Wiley Test Bank