Been studying FAR for a while, but need some advice

  • Creator
    Topic
  • #202762
    Excel14
    Participant

    Now I know I’m probably going to get the ” you just need to buckle down and study” speech, which I plan to do, but I need some honest opinions. I felt very unprepared, so I moved my test date until 07/12. However, my motivation has some how been lost, and I haven’t studied for 4-5 days now (my plan is to hit it again starting tomorrow). With one month left, are there areas I should hit harder than others, or is it just a situation where I need to hit it all and do my best? I’m embarrassed to admit that I’ve put this much time in and suddenly lost the drive, but it happened, and I need to get it back! Any advice is helpful. Thanks.

    BEC (2/28/16) ----- 78
    FAR (09/10/16)-----
    AUD
    REG

    CIA, CGAP, CFE

Viewing 9 replies - 1 through 9 (of 9 total)
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  • #781417
    Sang
    Participant

    Have you gone through the book and videos yet?

    You should be at the review stage and doing MCQs, right?

    Did the information from Nessie's post help you?

    My advice is, know: Government, Not-for-Profit, IFRS, Stocks & Equity, Statement of Cash Flow, and Reversing Entries.

    In the Ninja MCQs, some topics have more questions than other topics.
    I recommend to focus on some of the topics that have more questions.

    FAR: (05/24/16) | (07/15/16) | (10/22/16)
    AUD: (09/07/16) | (11/29/16) |
    BEC: TBD
    REG: TBD
    Using Roger CPA Review + Ninja (MCQs, Notes, Audio)

    #781418
    Excel14
    Participant

    @sang,

    Trying to review and had been, when I lost the drive somehow. When you say reversing entries, reversing entries related to what in particular?

    BEC (2/28/16) ----- 78
    FAR (09/10/16)-----
    AUD
    REG

    CIA, CGAP, CFE

    #781419
    KJ
    Participant

    I will say FAR has lot of material but basically if your concepts are clear than you should be fine. Just hit hard on MCQ and leave at least 10-14 days before exam for final review. I know every1 learns/retains information differently so that will also play vital role.

    I failed FAR (my first exam), I think primary reason was I studied for too long about 10 weeks, started in Mid March and my exam was 05/28. By the time I went into review stage I had forgot lot of material. Other reason I think was some concepts not been as cleared than I thought they were. I am planning to re-schedule it mid July again.

    I am re-writing notes, doing MCQ's and reading each and every option and saying it loud why I think this is not a correct option (basically putting reasoning behind it) and then choosing right answer. I am doing easy topics (don't believe there is any) first and then leaving hard one's for later so they will be still fresh. Hopefully this strategy will work. I am not doing any reading (I think I spent too much time in reading the first time around) but will read if not clear on the concept. I am also listening to Audio while driving to/from work.

    FAR - August 2016
    AUD - September 2016
    REG - October 2016
    BEC - November 2016

    Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

    #781420
    KJ
    Participant

    If you are using Ninja MCQ it will show what areas you are weak on and what are your strong areas. That should also help. Definitely know Govt. NFP, IFRS (don't take them lightly). J/E and adjusting entries (For Govt. as well), SCF.

    FAR - August 2016
    AUD - September 2016
    REG - October 2016
    BEC - November 2016

    Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

    #781421
    Excel14
    Participant

    @kanwal78,

    I'm not using NINJA MCQ, but I'm using Gleim. I've heard that Govt/NFP is more heavily tested, so I plan to hit that closer to test day, but I'm going to try and hit SCF, Pensions, Leases, Bonds, EPS, etc, beforehand. I was doing really well at first with review, but something happened. I too, have been studying since March. Maybe that was a bad idea, but I felt I needed that long when I first set up my planner. My original date was 06/10.

    BEC (2/28/16) ----- 78
    FAR (09/10/16)-----
    AUD
    REG

    CIA, CGAP, CFE

    #781422
    KJ
    Participant

    Since you have re-schedule to 07/10 you have full month. Like I said earlier try to leave 10-14 days for final review and before that try to touch all the topics again by doing MCQ's and maybe write on a notebook which area you think you are weak on (unless if there is a way Gleim tracks it). Ninja MCQ is only $47, if money is not a issue I will probably get that its worth it.

    FAR - August 2016
    AUD - September 2016
    REG - October 2016
    BEC - November 2016

    Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

    #781423
    Sang
    Participant

    @Excel: When I said know reversing entries, what I meant was know how to Open and Close the Governmental Funds.

    The Ninja Notes gives a good summary of all the important topics covered.
    It is recommended to hand write the notes 5 times.

    FAR: (05/24/16) | (07/15/16) | (10/22/16)
    AUD: (09/07/16) | (11/29/16) |
    BEC: TBD
    REG: TBD
    Using Roger CPA Review + Ninja (MCQs, Notes, Audio)

    #781424
    Excel14
    Participant

    Gleim does a decent job at outlining IFRS differences, but if it gets too detailed with IFRS I could be in trouble. Add that to the list of things I need to review well. Gleim doesn't seem to do a lot with Govt journal entries. A few related to budgetary entries, but not a whole lot with reversing and closing entries. I have one month to hit strategic areas. Hope I pick the right ones.

    BEC (2/28/16) ----- 78
    FAR (09/10/16)-----
    AUD
    REG

    CIA, CGAP, CFE

    #781425
    KJ
    Participant

    https://sites.google.com/site/farnotes/gas-34/journal-entries–fund-based-vs-government-wide

    Check this website for Govt JE. It doesn't cover all but significant amount. Better explanation.

    FAR - August 2016
    AUD - September 2016
    REG - October 2016
    BEC - November 2016

    Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

Viewing 9 replies - 1 through 9 (of 9 total)
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