My two failed exams were actually scouting missions to see what the exam content was like and to help estimate how much I should study. The FAR score in particular may seem high since I didn't study for the exam at all, but I had just finished an actual accounting class that overlapped with exam content considerably. That being said, I still think my study method is pretty good and I don't mind sharing.
I studied exclusively using Wiley Exam Review. I would cover approximately one module per week, sometimes more, sometimes less. I would read the module all the way through, taking extremely limited notes (less than one page of notes per module). Then I did every single MCQ for that module, reviewing any missed questions. If I got less than 80% of the MCQ correct, I would reread whatever part of the module I was weak on (only needed to do this twice). Then I would type up a one-page summary of the module that contained what I determined to be the “essence” of the module and whatever relevant rules I thought would be most likely to be tested.
When I had five weeks remaining, I began taking full length practice exams using Wiley Test Bank. I feel this was the critical step in getting my score so high. Whatever three modules I did the worst on the practice exam were the three modules I would study or restudy the next week. This way I was able to systematically turn all my weak areas into actual strengths and avoided overstudying areas in which I was scoring adequately. The first two practice exams (with five and four weeks remaining until test) I was scoring almost exactly 75%. The third and fourth exams were in the low 80s, and the last practice test I took was 87.
During the final week, I took a counterintuitive approach, and backed off studying. I would maybe review like 15 minutes per day using the one-page summary notes, but didn't try to cram in any last minute information. Tried to sleep early the night before but couldn't. On exam day, I grabbed a double-shot frappucino from Starbucks to caffeinate, and headed to the test site. Sat in my car for 30 minutes before the test calming myself and browsing the book. Finished test and felt frustrated because it seemed to me that the test asked my questions that were ambiguous or in ways that I hadn't prepared for. Never-the-less, Wiley had my back and it turned out I did quite a fine job.
FAR - 71, 94
BEC - 91
REG - 51, 88
AUD - 89
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