Thank you! That's good to know. you're the second person now from different testing periods whos told me there is more NFP and Governmental stuff on the exam so I'm going to assume they test that pretty often. I plan on starting back up on Monday, study from about 6-8 or 8:30 on the weekdays then from 9-4/5 on Satruday and Sunday. think Ill be okay?
Regarding REG, to be completely honest I read an article somewhere and I think the best thing about it was the kid prefacing by saying he is not the smartest kid, nor is he the hardest working, but his trick to passing was to pound multiple choice questions until you couldnt anymore. I sat there some Saturdays and worked through the first four section multiple choice questions, then on Sunday I would finish the last half. during the week I would work my way through the multiple choice and repeat over and over once I read through the book once. I did not stop until I was trending in the 90s on every single module, and then I took the test. During the test, I thought there were a handful of multiple choice questions I was unsure of, but I think thats because I was tested a LOT on agency, surety, business law etc, while I was more focused and nervous about the different types of entities. Knowing the differences between partnerships, S Corps, C Corps, etc, is still important, but the MCQ seemed to focus more on the latter modules for sure. The SIMS were difficult, but I admittedly did not focus on those as much in the study phase because everyone had told me if you can get the multiple choice you can get the SIMs. I think I learned from my mistakes and will put more time into the SIMS for FAR, but I would say its definitely important to know the tax forms and how to read them, as a majority of the sims were regarding W-2s, 1099s, INT, and putting together AGI, Taxable Income, etc. One thing about the multiple choice strategy above is that people always say “yeah but youre only memorizing the answers”, which is actually okay. I was still working my way through all of the questions, even if i already had the answer memorized. I wanted to make sure I understood the calculations and the rules and the exemptions. This was my study habit for both REG and AUD which I both have passed now. I think if you got an 85 on FAR and put the effort forward that you did with that. you will be good.
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