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I’m not a typical candidate. I’m 55. Work in accounting in a financial institution; so most of everything in FAR isn’t used in our daily work. Yeah, it’s weird. I did a finance degree, MBA – worked in investments selling and education, back office capital markets for chase bank, then I went back and obtained my accounting hours/degree and started working in external audit and wasn’t a fan since I was in my 40s with two little kids and working with people half my age. No offense to people half my age! I took and passed BEC and AUD back in late 2007. Moved into internal auditing in 2008 and figured I’ll never need or want the CPA. I did obtain the CIA.
Fast forward 8 years and decided after moving into the accounting area I’d in fact need the designation. Figured FAR would be my nemesis and it has proven to be. By 2016 I had one child a senior in high school and one a freshman. A lot of activities and things always going on.
8/30/16 – 45. Didn’t really prepare
2/25/17 – 56. Sorta studied off and on
3/3/18 – 25 REALLY didn’t study. Just sat to keep candidacy.Piddled around and then figured I really seriously probably need to get the designation.
5/4/19 – 60 Felt I studied pretty well
11/30/19 – 74 Ugh
8/01/20 – 62 Ugh.Six times. I don’t feel like I’m a total moron, although my wife might disagree. I kid! Type II diabetic, sleep apnea, and just a lot of responsibility in my current role at work. We all have our issues though, right? Some might be dyslexic, test anxiety, etc. etc. etc. I just mention it as background for my lengthy post.
I started two weeks ago on REG as I figured it would be the 2nd hardest for me. At this point, I think they all might be!
With all of this said and sorry for the length, the score notice said I was weaker in Sect. I, II, IV and stronger in Sect III. I’ve usually been stronger in govt/NP. Then at the bottom it said I was stronger in MCQ and weaker in Sims.
I’m not shocked by the weaker in sims. To be honest….this last test I felt like I had 3-4 sims that all had 6-8 attachments and I open them and I just freeze and I mentally am just fatigued at that point and mentally just blow chunks all over the place.
I posted my fail in the score release thread last night and I ain’t gonna lie – it is hard not being envious seeing others posting their passes or dones. BUT, we all have our own road to travel and no one can compare themselves to anyone else. I know everyone can probably share a similar story about the roadblocks and pain/grief they have gone through to pass. I was talking to a friend this last weekend and he was a CPA before he entered the MBA program, which is where we met. He went on to get his PhD in accounting and has been teaching accounting classes at a University the last 10+ years. He told me that he had to take it 6-7 times back in “the old days” when you did it over the 2-3 day time span. He said to not let the test and the fails define me. He said to just keep chugging away and keep at it.
I guess that’s why my long post and actually posting all of my FAR fails. I hope other people who didn’t pass will pick themselves up and dust themselves off and really, do what I’m going to try and do. I’m going to use all of the pass and done posts in the score thread to help motivate me. I know I need to practice doing sims. Like I mentioned, we don’t use much of anything from FAR in the work we do. Yeah, it’s a balance sheet, income statement, but we don’t have bonds, leases, we are a tax exempt organization. So, applying all of the information to a real life simulation is a little harder for me. I just need to practice more and get comfortable with those before I try number seven.
Keep your chin up. Persevere. If you want it bad enough and put in the time, you can do it. Sounds cliche, but as Roger Phillip says “It isn’t an IQ test”.
Sorry for the length but I hope this encourages someone.
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