Are all FAR simulations researchable?

  • Creator
    Topic
  • #199933
    Anonymous
    Inactive

    What I want to know is, can you research basically all sims? I was recently told that the research questions are not the only ones where you can benefit off the research tabs (I’m probably going to get flamed for that).

    I want to know if you can use research on all sims or not. Thank you

Viewing 8 replies - 1 through 8 (of 8 total)
  • Author
    Replies
  • #757280
    Sleep Optional
    Participant

    Yes. As far as I remember, you can use the authoritative literature for all the sims, not just FAR.

    BEC x1 - Passed
    REG x2 - Passed
    Audit x1 - Passed
    FAR x2 - Passed

    BEC: ☑ x1 attempt(s)
    REG: ☑ x2 ''
    AUD: ☑ x1 ''
    FAR: ☑ x2 ''

    Done!

    #757281
    tmacpa
    Participant

    Access to the authoritative literature is there for all sims, BUT, you will probably not find each question and figure out how to get the answer based on the literature. It is definitely great to be able to use and see if something you aren't sure on can be found, but you can't rely totally on the lit for the sims. You need to practice and be ready for the sims.

    It seems like the big thing for the FAR sims is the journal entries. Know them.

    AUD - 78
    BEC - 79
    FAR - 78
    REG - 90
    short-term sacrifice = long-term gain
    #757282
    rmm77
    Participant

    If you have gov sims, the AL is useless

    FAR-74,92
    BEC-85
    AUD-8/8
    REG-83

    #757283
    rmm77
    Participant

    The AL provided is fasb related not gasb

    FAR-74,92
    BEC-85
    AUD-8/8
    REG-83

    #757284
    rithzz
    Participant

    If you get an IFRS sim or Gov its basically useless.

    AUD: 78
    BEC: 81
    FAR: 73, 85
    Reg: 84

    #757285
    Vanessachy
    Participant

    Really, you can use them for non research sim questions? I thought it is cheating, so I don't use it besides research question

    Far, 64 82
    Reg, 60 86
    Aud, 74 82
    Bec, 70 81
    Done done done! I did it!!!
    Licensed CPA in MA, issued October 2016

    Far 10/26/2015, 64, 1/4/2016, 82
    Reg 7/10/2015, 60, 2/27/2016, 86
    Aud, 5/9/2016, 74 (ouch), 7/26/2016, I cannot wait to take this test again
    Bec, 6/10/2016, 70,9/8 retake

    #757286
    MaLoTu
    Participant

    It won't help you put together JE either … I didn't have one sim on FAR besides the research sim that would have made more sense by using the AL.
    I did use the AL for some AUD sims, though.

    @Vanessa, they give you the AL tab so you can research. The AL won't give you the answer most times, it will tell you the principle then you can apply it to the problem.

    Almost always from my phone... please excuse my typos!

    All 4 passed - 2016

    CA CPA

    #757287
    Anonymous
    Inactive

    I found the AL to be extremely helpful. Although my preparation never included an assumption that it would help me pass, I believe it did help me pass. The AL will tell you the rules but you still need to know how to put it together.

    Not every question can be answered by utilizing the AL. You should just know it is there and if you have time at the end, see if it can help.

Viewing 8 replies - 1 through 8 (of 8 total)
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