[Silent]

For those that have taken FAR test, how much is IFRS is tested on the FAR test? I am using Willey CPA study and they are constantly comparing IFRS to GAAP. Is it tested that heavily?

[TheeAccountant]

I don't remember seeing any IFRS on FAR but it's been two months since I took it. Maybe there were a couple MCQs. Obviously it varies what you get on it, so whatever the blueprint says is possible you should prepare for.

[Icarito]

I honestly had 2-3 MCQs and that's it. Just my exam experience…

[mloveb1019]

It's been a while since I've taken it but I only had a couple of questions on it. Over half of my test was Governmental questions and I was not prepared for that at all and I've seen that be the case with others so watch out for that.

[GmaxL711]

I got a few IFRS MCQs and I got a freakin IFRS SIM!!! I suspect that was a pretest question though.

[Silent]

Thank you for everyone reply. 1-3 mcq is not a big deal and can take “educated” guess. SIM would be a killer but i hope i do not get one. I actually do not mind gov accounting so maybe i can get that instead 🙂

[timmyj]

Know the 10 or so main differences (LIFO, inventory write ups, goodwill, etc.) and you will be good. I think I had zero questions on it, but I really don’t remember.

[SIDIEULEVEUT]

Dont remember being tested on any IFRS questions. Maybe a couple.. know the main differences

[say]

I don't remember the MCQ but I did have an IFRS sim. Pretty simple.
I was so irritated with the IFRS and GAAP comparisons. Barely could remember GAAP lol

[jd]

Like all reviews mention, study the main differences between IFRS and GAAP. It is not necessary to spend more time on it than you would Gov't / NFP, but its worth the study because it can be free points. I preferred a filling out a notecard or two mentioning the differences.

[Journeyman]

It is on there but I would hardly call it substantial. My recommendation is as you are going along, indicate in a separate notebook or however you take notes IFRS treatment vs GAAP. I would say what I’ve seen both times I took it is that only high level stuff was tested.

[bigstakk]

I has 2-3 MCQs and 1 SIM on IFRS. A friend of mine took his exam like 9mo before me and he said he about the same. Be prepared for something similar.

[Kat]

I've taken FAR a couple of times at this point (unfortunately). There's usually been 2-3 multiple choice questions on each exam that I've taken, BUT I distinctly remember getting SIMS on IFRS. So if you think you can skip studying for it, and end up with a whole SIM on that, it will devastate you. They don't always put a SIM on it though. Depends how lucky you get.

[Silent]

Thanks for all additional replies, sounds like i am just going have to remember the difference between IFRS and GAAP

[Author]

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