[Char143]

Lets pretend you ONLY had 7 hours in total to study for FAR, what would you cover?

I know this is a crazy question, but due to MY NTS expiring I had to take BEC this morning (I cried during the first testlet FYI) and I scheduled FAR which I haven’t studied for, for tomorrow morning (It expired this month). I was just going to do a no show and wait for that no show or no credit so I can re apply. But I decided to go sit for it and just see what it’s like. I know I won’t pass it, I am not a super genius and I don’t have that kind of skill, BUT I would like to try to walk out with something more than a 10. I know this question is crazy, but what would you study if you only had 7 hours to study for FAR?

Yes, I’m losing my mind.. I know.

AUD (2/16)-84
REG (05/16)-69 Retake (7/16)-79 (ty ninja MCQ)
BEC-TBD
FAR-9/8/16

[Anonymous]

Debits Left. Credits Right.
Assets = Liabilities plus Equity
Net Income = Revenue minus Expenses

Everything else is supplemental.

[Soon2beCPA]

Bonds, Leases, EPS, Government/Non-Profit…I'm sure there's plenty more, but these seemed to be stressed a lot in Becker.

BEC - 11/2015 - 82
FAR - 10/1/2016
AUD - 6/4/2016 - 80
REG - 12/10/2016

[waffle_house]

It amazes me the amount of people applying for a test they haven't studied for or applying for more than one test at a time. Waste of money and a spot for someone who may need that time slot. Can someone explain the logic behind this??

[hasy]

Journal entries?

Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved - Helen Keller

-

BEC 80 (10/23/15)
FAR 72 (4/2/15); 83 (7/11/16)
REG 52 (4/28/15)
AUD (9/9/16)

Roger + NINJA MCQ + WTB

[Sang]

Know Governmental and Not-for-Profit.
Know Statement of Cash Flows and Pension Benefit.
Know Earnings Per Share and Stocks.

Check out this post for some information.

another71.com/cpa-exam-forum/topic/you-know-youll-pass-far-if-you/

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)

[Char143]

Waffle House, first of all… they make it cheaper when you pay for more than one at a time. Actually, that's all you really need to know. Have a pleasent day

Everyone else, thanks lol, it was an interesting experience.

AUD (2/16)-84
REG (05/16)-69 Retake (7/16)-79 (ty ninja MCQ)
BEC-TBD
FAR-9/8/16

[Skynet]

Hook up with up with a Hot Female CPA. I tell her that she “Hot & Sexy” and that she turns me on when she talks FAR accounting to me. ” Yeah Baby, tell me bout them Depreciation Methods”. We do this for 7 hours.

Knocked out 2 birds with one stone. Hooked up with a hot female CPA and got a free FAR review before exam 😉

[Char143]

Lmao. I don't even know what to say to that besides the fact that I'm a girl and I don't really think it's a win for me to hook up with a “hot female CPA” ????????

AUD (2/16)-84
REG (05/16)-69 Retake (7/16)-79 (ty ninja MCQ)
BEC-TBD
FAR-9/8/16

[pfloyd]

Pray for divine intervention and study the crap out of govt and nfp was my downfall the first take. Or take one of those limitless pills bradley cooper to take to know everything

AUD 5/27/16 74 &#%!! 7/13/2016 86!
BEC 8/17/2016
FAR 11/04/2015 73, 1/4/2016 75 (phew!)
REG 2/26/2016 74. 4/2/2016 79

[Char143]

Honestly jstella, had I studied not for profit I probably would have walked out with a decent score (definitely not passed lol) ..I studied bonds and percentage of completion for contracts and didn't see that at all, so I guess my dream of passing FAR with 7 hours study time is shot lol.

AUD (2/16)-84
REG (05/16)-69 Retake (7/16)-79 (ty ninja MCQ)
BEC-TBD
FAR-9/8/16

[Paydirt123]

CharleneR Government and NFP almost made me quit studying FAR, and the whole CPA exam in general. It's so obnoxious how I spent no time learning these concepts in school, and Becker doesn't even introduce them until F7 & F8. I feel you, the thing to realize is none of this hard to learn or understand when you really look at it, it's actually pretty simple. What's hard is just the onslaught of information overload, pages and pages of all theses rules & exceptions.

[Char143]

I completely agree with you, I don't think this is “hard” I actually love FAR the most because it's what I love.. Accounting. I just don't agree with how they make us memorize agency funds and enterprise funds and other random little things that we would never need to memorize in real life.

I actually worked for a not for profit who used cash basis and every quarter I had to fix it to accrual for the financial statements, so I understand a lot of this is real life, but memorize ratios and formulas and certain fund types and minimums, is not real life.

AUD (2/16)-84
REG (05/16)-69 Retake (7/16)-79 (ty ninja MCQ)
BEC-TBD
FAR-9/8/16

[GeauxAwayCPA]

Preach @CharleneR ! I felt the same way when I got a question on “what securities act created the SEC?” and I just thought to myself “why is this relevant to my career?” Unnecessary information overload!

Preach @Paydirt123 too! I feel your pain! I failed my first FAR exam with a 72 b/c of the cluster that is Govt and NFP and the Framework questions..

[Author]

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