[CS]

Greetings everyone,

On the final leg of my FAR study journey (test is next Thursday – 8/31).

I followed my Wiley CPAExcel plan, which had the final lesson ending yesterday (Gov’t of course), which leaves a week for review. I saw the lesson plans from the get-go, and knew the situation from beforehand, and knowing I couldn’t wait until a week before to review the material, after my first few weeks, I would regularly do MCQ review sessions between Wiley/Ninja/Gleim to keep things refresh and reinforce concepts. It’s worked pretty well thus far, and at this point, I know I’ll need to brush up on certain details for material (scrip dividends for example, this second I don’t recall the journal entries but a couple of practice Qs and it will come back).

Anyway, after hammering a lot of MCQ, I figured to begin review with Gleim SIMs (which people here have been recommending). There’s 20 units (about 5 SIMs each – so about 100 + total), and I’ve been doing it progressively. However, while I will cover all of them, I just realized I should probably hit the more heavily tested areas first. I always see a mix of responses of what’s heavily tested, but I was thinking of Jeff’s guideline in his YouTube video, mentioning mainly:

– Bonds
– Leases
– Pensions
– Inventory
– Business Combinations
– Government/NFP

Would it be wise for me to get these out of the way before getting onto other topics i.e. derivatives/hedging?

Thank you and regards.

[krstnam]

I'd also say know your stmt of cash flows, i/s, b/s and how the accounts within them mingle with each other.
Know SFAC8 really well or at least be sure to read those questions every carefully because a simple “and/or” can completely change the question.
Know how to handle changes in accounting principle, error corrections
Know about EPS and how to calculate it as well as diluted EPS.
Know journal entries for all the things you have listed above plus the ones that I have listed.
OCI – and Comprehensive income and know things like accumulated OIC and where it's reported

[Author]

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