WHO'S TAKING FAR IN THE FIRST QUARTER 2011

WHO'S TAKING FAR IN THE FIRST QUARTER 2011
I'm going to try it for sure. I plan to schedule the exam for end of Feb.
how do you feel about the IFRS...did you buy the new materials?
I have it scheduled for 1/27 but may move it up depending on how my re-review goes (70 first time). I did get Becker's 2011 materials as I like their practice exams format but haven't really gone through it much yet. Text does have mentions of IFRS but it appears mostly comparison with GAAP.
Got it scheduled 2/26/11. Anyone preparing now...taking a 2 week break from any studies till I get my BEC results
I have yet to purchase the new materials as I am waiting for them to show up on ebay for a lower price. I still get refunded for the exam but I'd rather spend less up front. I figure ill get the new materials by mid december.
I am taking FAR at the end of January. I am purchasing the 2011 updated materials from Becker today. So far, my studies are going good. I'm on B6 (Pensions). But I'm nervous to see the new IFRS stuff. And the format of the smaller sims scares me a bit.
For the new sims. I think its almost the same thing we get now. Instead of 2 big ones with 3 tabs each we get 7 seperate ones. It might be an advantage if you know the material. Ever study hard on one subject and its not even tested?? And the obscure one you didn't study is the simulation? 7 unrelated tabs give you a better chance to.shine.
We can also manage our time better. Can see what we are up against initially and plan accordingly. rather than the current format, if you struggle on one tab ur stuck till you close the testlet...and then run out of time and leave tabs u did know, blank cuz no time. now.you can at least do the ones you do know, then leave the unknown ones blank if no time...*edit*..no extra time
This is what I'm hoping.
Wow Herbieherb, I didn't know we can see the stuff beforehand and we get an extra half-hour. That's really great news! Thanks for the info.
FAR is still only 4 hours. There is no extra half hour.
Aww sorry about that then no extra1/2 hr. And Im just assuming its a testlet once you open it you can see all the questions?
I got my becker 2011 materials and feel like a lot changed. It will be like restudy for me. It doesn't add an extra half hour but you will not have to write the WC so it is like adding the extra half hour at least for me.
We need to be hopeful, lets network and keep our spirits high while studying for this beast.
Yeah they are only 4 testlets. The first 3 are MCQs and the 4th one has the seven task based simulations. So you can see all seven task based simulations in one testlet.
FARbehind...what makes you think there's so much new stuff? The only new item on the 2011 exam is IFRS. The rest is the same.
And its not like IFRS are 20% by itself...
Well,
You say it's "just IFRS" but this translates into a lot in terms of new pass keys through the book. Usually, it says: and this is how it works in IFRS. Now, I believe these will not be heavily tested but we still need to know them and it tends to get confusing. At least I get confused by so many concepts. I am just thinking of the misery of the next few months.
I understand what you're saying. Sorry. What I said earlier sounded rude. Didn't mean to come off that way. Yea, I guess I was just thinking of it being one extra section of pages that we have to read through and learn. But you're saying it's mixed within different parts of the book instead? That does sound like a pain.
Ya me too. I haven't even looked at far. It's very broad indeed
south0085
you don't have to be sorry, nothing you said was rude. We are just brainstorming about the new material, that's all. I have been studying for this exam for a year now and I think I am familiar with the material from 2010. For those of you who started studying recently it will be less painful to switch. I need to learn how to navigate through codification too.
Hey guys
How much do you pay for new 2011 becker materials for FAR?
Thanks
Becker charges about $900 for the FAR book and disc for new students, and half that for returning students. I did see on their site that if you have the 2010 materials they would update 2010 with 2011 for free if bought less than a year ago.
http://www.becker.com/accounting/cpaexamreview/enrollnow/pupLegal.cfm?productCode=CDROMSWAP
Taking FAR in Jan. AICPA says they are phasing in the IFRS slowly and it will be mostly just difference between GAAP and IFRS at first.
BEC 89, REG 93, AUD WAITING
I'm going through the new Becker material now and in the 1st chapter the IFRS stuff is mixed in mostly as GAAP is ....IFRS is ....
The first set of MCQs however do have some IFRS questions such as "Under the IASB framework the subcategories are: and where GAAP is predictive value; feedback value and timeliness, IASB has predictive value, feedback value and MATERIALITY...no timeliness. So at least for the Becker materials they do through in the differences in the MCQs.
I am retaking FAR sometime before 1/26 when my window closes. I hope my 2011 stuff gets here soon. I ordered from Yeager on 11/29.
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