I thought I failed FAR, my last exam.
It wasn't because I didn't know the material. FAR from it (allow me the pun).
I thought I was on pace to get in the 90s based on my MCQ. While preparing, I made sure to know the Govt funds COLD and how to categorize (private) NFP income and expense items. This is 24% of the pie.
But, then the SIMs hit. The other 6 SIMs were pretty straight forward. BUT, I didn't know how to approach the new document based one. So, I had to quickly get over frustration that I would be done in by this new document based SIM.
It's a FARE question type to ask. But I just didn't prepare much for it. I used NINJA exclusively and Jeff didn't have much at the time (Dec 2016).
They asked me questions that appeared to refer to things I couldn't find. Perhaps it was because I panicked a little. But because I spent a good 20 minutes on that, I only had 5 minutes to tackle the last one.
The other 5 SIMs didn't take me that long to complete. However, when I got to the document based one, I decided to start with that and leave what I felt was super easy for last. BUT, the super easy one had 4 more blanks than the DBS.
I budgeted myself to 30 minutes per multiple guess section. So I would have 90 minutes for the SIMs. I left the new document based SIM for second to last. I assumed that because it was new that it would not be experimental.
For disclosure purposes I can't say which topic the last one was. But, I'm kicking myself even now. If I were better prepared for the new SIM type, I would have had time to complete the last SIM. The last one involved an Asset class that I found painfully easy. But, I had to guess on most of it because of time restraints.
Anyway, I was sweating it out because I thought I failed based on that new SIM.
Thankfully I am now fully certifiable–for a different reason.
CPA couldn't pass again