FAR Strategy (Share please)

  • Creator
    Topic
  • #1517436
    Spartans92
    Participant

    Hey guys,
    I am so happy for those that are done with the exam or passed a section like FAR. Can anyone please share their strategy. I have seen so many people jumping from scores in 50’s and 60’s to a passing 75! How’d you do it? BIG Congrats to all of y’all passing this score release and those being done. I need some help with FAR as it being my last but I have always struggled with Financial Accounting.

    Any tips/strategy is appreciated. Thanks a bunch!

    Ps: I studied all my sections in a similar manner and more than another for FAR but still not showing the same result :/

    Also, S/O to Mckan and Mtaylo!! Congrats guys.

    BEC- PASS

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    Replies
  • #1517457
    Anthony
    Participant

    How exactly are you studying FAR? What materials are you using?

    #1517574
    mtaylo24
    Participant

    @Spartans IFRS, Gov't/NFP, and learning JEs gave me an 18 point jump, didn't put me over though. I still don't think practicing sims helped, but we will wait for the score report.

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #1519135
    Spartans92
    Participant

    Hey anthony, I am using becker but it is expiring in a few days. I still have access to Ninja for it so I may use that to reduce my fees because I really can't afford becker or roger those r pretty expensive.

    @mtaylo, funny thing is I was actually stronger both times on Govt and NFP. I know I can't even compare or take the score report at face value but that's how I was comparing to other candidates. But I guess JE as you said would help because I find myself weak in that area.. every time I would need to look up the accounts I need to debit or credit. SIMS are pretty much a given when it comes to JE. Congrats on almost being done man.

    BEC- PASS

    #1519195
    Anonymous
    Inactive

    It helped me a lot to read the summary of the chapter 1st! Gleim puts the summary at the end. Then that helped put the framework of the concepts in my mind – for me to “fill in” with the detail of the material.

    I got a 62 on FAR first. I was feeling so overwhelmed. I kept thinking, “How do they expect someone to know such a wide scope of information?”. But once I started focusing on learning the “big picture” concepts 1st, It made it easier to retain more of the endless nuances, methods of inventory/depreciation/etc., and IFRS/GAAP differences.

    Focusing on the Summaries first, really helps. It builds confidence too. Because the high level is relatively easy to digest, compared to the granularity of the rest of the material.

    Read the chapter summaries 1st! Then read the book. (will give a repetition to help with remembering). Gleim has a testlet that’s all conceptual questions called “focus questions”. Do those or test yourself on concepts with flash cards, some other means. Then studying and test a ton of example problems!

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