Failed FAR – Study Plan?

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    Topic
  • #188587
    MAcc14
    Member

    FAR was my very first exam and I failed with a 64. I used CPAExcel exclusively and I’m feeling pretty lost as to where to begin and what I should be doing to re-study the material. I plan to re-take end of October (I will be starting work full-time @ Big4 beginning of Oct. and have a full week of training during this time)

    Anyone who used CPAExcel have any advice on a study plan/strategy? I don’t know whether to just go through MCQ in EQ Tutor and write down questions I get wrong and go back through those sections in the book, completely re-read the entire book, go back through the EQs in each lesson? I want to make a plan that I can stick to so that I make sure I get through everything that I need to before the re-take. I felt that I didn’t leave myself enough time for a final review for the last test and I was unable to review everything that I had planned, so I don’t want to make that same mistake again. Any advice, suggestions, encouragement is much appreciated 😀

    FAR: 77
    REG: 8/31/15
    AUD: 10/17/15
    BEC: 11/23/15

Viewing 5 replies - 1 through 5 (of 5 total)
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  • #601326
    CPA50
    Participant

    Hi Macc! Right there with you and the 64 Club!

    I'm taking all my handwritten scribbled notes and transferring them so nicely and neatly onto spreadsheets where I can pull them all apart and analyze them and write out their little journal entries (which is my biggest hangup) and write myself notes, and answer the questions in my head if I'm confused by something. I'm surprised at how much I'm recalling. I studied very long last time, but probably not as smart as I could have. Determined to fix it this time. You should look long and hard at your studying last time, your level of understanding of each piece and read through some of the other posts today. There are great hints out there!

    Best wishes!!

    AUD - 80
    BEC - 77
    FAR - 80
    REG - 80
    3 years

    + 16 tests

    + 2 expired sections

    = DONE FOREVER!

    AUD 88 (expired), 80 retake
    FAR 64,69,67,73,67,73,73,73, August 3
    REG 75 (expired) September 7
    BEC 72, 77

    The adventure continues...

    #601327
    Mjganier
    Participant

    With Cpaexcel, all I used was the study text and EQ's. I would read the study text once and then do the questions in study mode immediately after and write down the questions I got wrong and made sure I understood why it was wrong. I also got the Ninja MCQ, Notes, Audio, and Flashcards. I would rewrite the sections I was studying that day as well as rewrite the entire document at least once per week if not more. I would do Ninja MCQ in 10 questions bursts with about 100 MCQ/day on weekdays and up to 250/day on weekends. I used the audio when cutting grass, working out, in the car and the flashcards whenever I had a few minutes to spare in line etc. This is exam, imo, is all about repetition and constantly seeing/hearing the information. The more you see the info, the better your chances of remembering it and passing the exam. I spent about 230 or so hours total and it paid off with an 87.

    FAR 8/18/2014--87
    AUD 10/18/2014--78
    REG 11/24/2014--76
    BEC 2/28/2015--76

    "If you can't explain it simply, you don't understand it well enough"-Albert Einstein

    Study Mats: Cpaexcel study text and EQ, Ninja MCQ, Ninja notes

    #601328
    HowLuckyWeAre
    Participant

    +1 on the JE. As I was writing my notes, I wrote down JE's for all the lessons that had such material.

    FAR was my first exam as well and thankfully I passed it by what feels like the skin of my teeth. I wasn't confident walking out of Prometric whatsoever because I had seriously crammed NFP and Gov in the days leading up to my exam when I should have been strictly reviewing.

    Although overall I think CPAexcel prepared me really well based on what I saw on my exam, those 227 FAR lessons are craaaaazy long and there is a real danger of forgetting material you've seen earlier if you take too long to go through the material or don't review as you go along. The study plan that you can set up in the software should definitely be taken with a HUGE grain of salt because the times they use to populate that severely underestimate how long it will actually take you the first time. This is something I wish I had known earlier. I would have budgeted my time more wisely and I would have gone through the material quicker and left more time for review. I also wouldn't have bothered with the PQ's and I would have forced myself not try to master everything before moving on to the next lesson. Sometimes it's best to get broad understanding of the concept or process for solving before actually doing a deeper dive with the MCQ's drills. Study smart and efficiently.

    As far as re-studying, I would re-read your notes and keep track of items you didn't feel good about going into the exam, lessons where you don't remember a whole lot about, and items that you saw on the exam that gave you that sinking feeling. Those would be your weak areas. Re-reading the notes is a good overall refresher on all the material and the items you've tracked will be the basis of what you'll need to restudy. I'm not sure how you learn best, so the restudying could be watching the videos, reading the book, or re-writing your notes. It goes without saying that you'll need to start fresh on the MCQ's as if you never did them. You don't have get 11 more points. You're starting at 0 and gotta get up to at least 75.

    When I started my review, I started doing some of the MCQ's in the program and then decided to purchase Ninja MCQ's. I gotta tell you that I preferred Ninja MCQ's a whole lot more. I like the interface a lot more, the ability to easily choose the categories I want to take questions on, and the ability to see a progress report as well as a detailed progress report to really focus on what the program is indicating is your weak area. During my studying, I felt awesome on bonds. But when I started on MCQ's, I wasn't doing so hot and knew I needed to turn it around. Let's just say I'm glad that I did. I also really appreciated that you'd get a little blurb after every answer either confirming your correct answer or why your answer was wrong so you didn't have to wait till the end to find out. Read the blurbs! A lot of this is repetition and Ninja MCQ's are a wonderful resource. And you really can't beat the price at less than 50 bucks. I spend more than that on candles every month. No brainer. 🙂

    Let me know if you have any questions or if there's anything I can do to help. Just remember, if it was easy, then anyone could do it. This exam is an equal part a test of your abilities as well as your dedication.

    FAR - 78
    AUD - 85
    BEC - 70, 83! Ninja note bump of 13 points!
    REG - 65, 70, 2016 Q1 retake before FAR expires 02/29/16

    CPAexcel + Ninja Notes + Ninja MCQ = Success

    How do you eat an elephant? One bite at a time. And boy, I am HANGRY!

    #601329
    HowLuckyWeAre
    Participant

    I'll also +1 what Mjganier said. The Ninja Notes are awesome as well. They'll help you mentally organize the information in your head and help you see the forest rather than just the trees, if that makes sense.

    FAR - 78
    AUD - 85
    BEC - 70, 83! Ninja note bump of 13 points!
    REG - 65, 70, 2016 Q1 retake before FAR expires 02/29/16

    CPAexcel + Ninja Notes + Ninja MCQ = Success

    How do you eat an elephant? One bite at a time. And boy, I am HANGRY!

    #601331
    MAcc14
    Member

    Thanks everyone for all of the tips! I'm already feeling better now going through the material since I have already been through it all once!

    FAR: 77
    REG: 8/31/15
    AUD: 10/17/15
    BEC: 11/23/15

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