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I didn’t.
I took REG and it was um, interesting? disappointing? The first time I took it a few years ago I got a score that’s just too low to post. But I take blame, as I didn’t study has rigorously as I could have. This time I made sure not to cut corners and really try to understand the concepts more than just memorize. I was hammering out MCQs, taking notes, retaking notes (that helped), reviewing consistently, listening to audio on my commute, and keeping my mind fresh with flashcards.
Anyhow, the first “oh geez” moment was when Testlest 2 popped up. None (and I really mean none) were wordy, and all were very straightforward to the point that I knew I must have severely messed up Testlest 1 either because I made careless mistakes or I guessed wrong. I had flagged a few and made educated guesses for 3 of them and the rest I wasn’t convinced enough to change my answer. Unlike last time, this time I tried not to panic, and figured, I’ll knock these out and maybe Testlet 3 might get wordy, tricky, or simply get questions that are more involved than just “A-B = answer”. So on to Testlet3… and man, it was still the same. It seems odd to say, but i was hoping for hard, lengthy, questions that involved more than basic/simple calcs because it might have giving me hope/clue I was heading in the right direction and because I was doing well on the practice MCQs so here was my chance to prove to myself I studied well.
The second and more surprising “oh geez” moment was when I didn’t see ANY ptr/corp dist/gain, trust, etc. like-kind type of questions — the stuff people say you should have a good grasp on. I was hoping for like-kind question those are fun. I find boots and basis entertaining (sorry, I geeked out and I digress). Given that I had increased focused on concepts such as corps/s-corps stuff, partnership., I was shocked I didn’t get these. So I’m not sure if that is normal or becuase my MCQs weren’t going to well. I’m wondering if others have had similar experience, or was it just me?
Still keeping it together, I just tried to remain calm and tackled SIMS. Out of all the sims, I am confident that I got half of one SIM right, 1 that I completely guessed (read: marked all “0”), the research facts were easy to understand, but I just had the hardest time nailing down the section that 100% relates to the situation. As for the other SIMs, I had to educated guess and hope I got partial.
For folks (and friends of folks) that have passed, and with the combo of my super straight forward MCQs and not seeing the “challenging” concepts on the exam, and getting hosed on the SIMs, would it be reasonable course of action to mentally prepare for a re-take. I’ve got FAR next and given that is a massive beast., I’m not sure how to handle a re-take of REG while studying for FAR (mentally and physically). Obviously if by miracle and by the grace of the CPA Gods, I pass, that would give me some motivation to take on FAR.
Thanks for reading!
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