[FAR] Exam Prep and Score Releases: January-February 2010

CPA Exam Forum » CPA Exam Section and Score Release Forums » FAR - Financial Accounting and Reporting Forum

[sticky]

[FAR] Exam Prep and Score Releases: January-February 2010

1049 posts from 186 voices

Started 3 months ago by Jeff - another71.com
Latest reply from Free0911

Tags:

« Previous 1…456…70 Next »

Anna

offline
Member

What I did for AUD and BEC (changed my strategy with REG and FAR, and, well, you can see the difference in my scores...)
AUD and BEC, though:
1. Listen to small subtopic of lecture (not even whole lecture)
2. Do homework part for it
3. Repeat for each subtopic in lecture
4. After that - do supplemental questions for the whole lecture.
5. This would take me approximately 1-2 days for each lecture.
After all lectures worked in that manner - review. Becker final exams, Becker generated practice exams etc. Looked through simulation answers. I love Becker Final Reviews - strongly recommend them.
With this strategy it took me only 10-12 business days, 4-5 hours a day to pass BEC and AUD.
I'm pretty positive that if I did same for REG and FAR - I'd pass much more easily.

BEC (82), AUD (86), FARE (75) => Becker
REG (74) Retake Feb. 6 => Yaeger HomeStudy

Posted 2 months ago #
strider4216

offline
Member

Hey Chucker,

I did what Anna did...basically listened to each lecture part (like cost method for example) then did the problems for that part, and after every few lectures I'd spend a day doing all the HW problems a second time from the sections I've already finished.

For FAR I am doing each lecture piece by piece, and then redoing them every 3rd lecture (though it looks like I may have to do the review only twice instead of every 3rd lecture since I'm taking the test in 7 days and am only on lecture 4).

My advice to you is when you do the HW problems, READ the answers, even the wrong ones, that is invaluable because it teaches you how to do problems like that rather than just memorizing answers.

Good luck and hope you do well :)

Posted 2 months ago #
strider4216

offline
Member

Almost forgot to ask, I'm using Becker 2009 for FAR and I'm taking the test exactly on week from today, does anyone know for certain any major changes that occured between 2009-2010 (for example FASB 154 doesn't exist anymore or something random like that which would make it easier for me to study without having to go over useless material).

Thanks in advance.

Posted 2 months ago #
jmsmith13

offline
Member

I'm not sure how it is presented in Becker 2009, but in the 2010 edition, they stress the importance of FASB 86 "Computer Software Development Costs". It's just a few points to memorize, and it's something I would have just skimmed, but Gearty acted like it was a pretty big item.

BEC 86
AUD 87
FAR January

Posted 2 months ago #
kmath007

offline
Member

COULD SOMEONE HELP ME UNDERSTAND THIS QUESTION, I HAVE BEEN LOOKING AT IT FOR TWO HOURS! PLEASE, THANK YOU

CPA-00790
On May 1, 1990, Marno County issued property tax assessments for the fiscal year ended June 30, 1991.
The first of two equal installments was due on November 1, 1990. On September 1, 1990, Dyur Co.
purchased a 4-year old factory in Marno subject to an allowance for accrued taxes. Dyur did not record
the entire year's property tax obligation, but instead records tax expenses at the end of each month by
adjusting prepaid property taxes or property taxes payable, as appropriate. The recording of the
November 1, 1990, payment by Dyur should have been allocated between an increase in prepaid
property taxes and a decrease in property taxes payable in which of the following percentages?
Percentage allocated to Increase in Decrease in
prepaid property property taxes
taxes payable
a. 66 2/3% 33 1/3%
b. 0% 100%
c. 50% 50%
d. 33 1/3% 66 2/3%

The answer is D but I'm not sure how the people at becker got to that answer

Posted 2 months ago #
CapitalGains

offline
Member

http://www.another71.com/cpa-exam-forum/topic/taking-far-in-october-november-2009-window/page/5

If you scroll down a bit on this page you'll see a discussion and explanation of that same problem. Hope that helps.

AUD: 97, FAR: 96, BEC: 93, REG: 99, Ethics: incomplete

Posted 2 months ago #
OOOOLando

offline
Member

CapitalGains: what was your study plan? seems like it's working for you!

Posted 2 months ago #
TNcandidate1

offline
Member

Striker, with only 8 days to go and you are on Chapter 3 of Becker, you should seriously consider rescheduling the FAR exam. I know you said that you studied Financials in college but I dont know if you are in the details enough to pass FAR without adequately going over the depth of information in FAR.

REG 75, BEC 77, AUD 66,74,80 FAR 62,71,85 feels good to be done!!!!!

Posted 2 months ago #
Anna

offline
Member

I would take it anyway - you never know. As one of our Becker Professor told us - don't miss the window, you might pass. I wasn't prepared for my FAR, but I went to just see how it looks - and I passed... not with the best score, but still:)
Or... maybe rescheduling for same window makes sense... idk

Posted 2 months ago #
TNcandidate1

offline
Member

Anna, I agree in part. He should take it in the JAN/FEB window. However, if he takes it in the first week of the window then he will not be able to retake FAR until 1 APR at the earliest. If he is not adequately prepared with only 1/3 of Becker FAR Review completed then I suggest a later exam appointment in the JAN/FEB window. Just my thoughts.

Posted 2 months ago #
Anna

offline
Member

Yeah, I actually wrote first part of my message and then edited it after some rethinking:)
I guess it depends on where in the window are you. If closer to the end - then take it anyway.
I agree with everything you said.:)

Posted 2 months ago #
strider4216

offline
Member

Thanks for the advice guys but I should clarify something...

I don't start work until February, and I've literally put everything aside so I study morning til night. I get at least 10 hours of studying a day, I'm planning on finishing 4 today and reviewing all first 4 chapters today, then doing two full chapters tomorrow, then one chapter each day until saturday, then full review of everything on sunday.

I did Reg in less than two weeks, which was 2 lectures shorter but the 3 business law lectures I'd never seen before in my life since I never took law. With FAR everything is familiar to me and I've done it all in about 90% as detailed as Becker does it back in college, the only problem is FAR has SOOOOO much material it makes it hard to maintain stamina. Good Luck to all you guys, I really will be devastated if I don't pass, but honestly this is how I work, it's a curse that I can't study too far in advance. If I have more than the bare minimum amount of time left I'll just waste it.

Well back to the books I go, good luck :D

Posted 2 months ago #
Anna

offline
Member

I hear ya, I studied 10-12 days for each part - 4-5 hours a day. Best of luck and I hope you'll pass!

Posted 2 months ago #
CPAWannaBe

offline
Member

Strider4216, I admire your stamina. I have been trying to study FAR since mid-October, piecemeal. I would review 3 chapters after completion and felt great before I moved on. Now that I am in final-review mode, I am still scoring 50-60% on the homework... and I have already done them twice. I feel like such a dumba$$ and I have one week left. Changing my exam date is out of the question due to the backlog at work I have and an upcoming busy tax season. I'm just gonna give it my best and hope that although I will never master every subject, karma will be kind to me next week.

On a side note, I have been over a few previously released AICPA questions and seem to handle those pretty well.

Anna, I was upset for you to see that 74. You have done great on the others though, so you should be proud. You will OWN REG next time!

REG - 75 (8/24/2009)
FAR - 69 (1/5/2010), retaking in May

Posted 2 months ago #
Anna

offline
Member

Aww, CPAWannaBe - thank you... I was upset too. But honestly, I am recalling my approach for first two section and how it was different for last two... I was much more serious in August. In November i was relying on some kind of miracle and didn't concentrate on studying as I should have.
But thank you again - I hope I'll be done in January!
I think you'll do great on FAR... you studied a lot!
Good Luck - I'll be crossing my fingers for you on the 5th:-)

Posted 2 months ago #

RSS feed for this topic

CPA Exam Forum » CPA Exam Section and Score Release Forums » FAR - Financial Accounting and Reporting Forum

[FAR] Exam Prep and Score Releases: January-February 2010

Reply »