1. 

   CPA_Rookie
   

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   Ok, here are my thoughts on the new FAR exam in 2012 that I took this Sat.

   US GAAP vs. IFRS ---> 60% vs. 40% (Could be 50/50)

   Yes, IFRS is heavily tested now folks, so be prepared! I had many IFRS questions in my 3 MCQ testlets, and here are the breakdowns of 3 testlets.

   1st testlet (Medium Diffculty): Easy, Confident about it!

   2nd testlet (Higher Diffculty): Holy smoke, it was hard!

   3rd testlet (Medium Diffculty): Easy, Confident about it!

   As for the simulations, they are pretty much the same as 2011, which was still a tough cookie to chew on.

   BEC: 86 (2/19/2011)
   REG: 79 (4/23/2011)
   AUD: 62, 89 (8/31/2011)
   FAR: 70, 76 (1/07/2012)

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   Posted 4 months ago #
2. 

   Yvonne570
   

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   Think you passed. Considering you were not far from passing the last time.

   AUD - Passed:)
   FAR - Passed:)
   REG - Retake TBD
   BEC - Missed by 3 points Retake TBD

   Posted 4 months ago #
3. 

   akb9874
   

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   @CPA_Rookie

   I have my FAR test a week from today. I am super nervous. How were the simulations? I have yet to do comparable or stronger on my simulations except for BEC.

   *TEXAS*
   BEC - passed
   AUD - passed
   REG - passed
   FAR - ???

   Posted 4 months ago #
4. 

   ledgermaven
   

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   I was curious if the IFRS questions are other than theory, if they have calculations also. I have only seen Wiley and Gleim theory questions for IFRS, and seem to get those pretty easy. There are only a few IFRS question at the end of each chapter, so if a lot of those are tested, are they those ones pretty much?

   Thanks for the report, good luck

   Posted 4 months ago #
5. 

   CPA_Rookie
   

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   @ledgermaven: Yes they have IFRS calculations on it. But don't freak out about it, u just have to know the basics.

   @akb9874: Simulations are just as hard as last yr, that is for me tho. But my advice for u is to ACE the MCQs, and try ur best on the simulations. I find it's harder to use simulations to pull up ur score. Hence, do well on MCQs, hopefully that will offset the possible lower marks from sim.

   BEC: 86 (2/19/2011)
   REG: 79 (4/23/2011)
   AUD: 62, 89 (8/31/2011)
   FAR: 70, 76 (1/07/2012)

   Posted 4 months ago #
6. 

   akb9874
   

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   Thanks for the advice! That is kind of what I was thinking.

   *TEXAS*
   BEC - passed
   AUD - passed
   REG - passed
   FAR - ???

   Posted 4 months ago #
7. 

   dtomasello
   

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   40%??? I took FAR a few days ago and I barely had any IFRS questions... As in could count the number on one hand, so I think you just got a crap test. Luck of the draw I guess.

   Prior FAR I took in August had a good chunk of IFRS but I hardly saw anything... My testlets felt like mostly theory questions and this time around I felt like I had mostly calculations. Again, I'm chalking it up to luck of the draw.

   Who knows...

   AUD No Credit
   BEC No Credit
   FAR No Credit
   REG Credit

   Posted 4 months ago #
8. 

   gateway3601
   

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   @CPA_Rookie

   How did you improve your audit score by 27? What is your secret and what review material did you use? I failed Audit for the second time now with a 64 and I am retaking it in Feb. Thank You....

   FAR(61,73,73,74,76) REG-81 AUD(61,64,58) BEC(71,77)

   Posted 4 months ago #
9. 

   CPAer
   

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   Is Govt/NFP tested heavily as well?

   or is the focus on IFRS now?

   Posted 4 months ago #
10. 

    CPA_Rookie
    

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    @dtomasello: well, I would assume they are gradually updating the newer questions, so when u took FAR earlier during the year, some of the IFRS questions that I had might not be yet added into the exam.

    However, I do have to admit, I didn't do an actual count on the # of IFRS questions, but I was kind of surprised to see the amount of IFRS questions in the exam. Hence, study hard for IFRS, so u won't regret it if you do see several questions on IFRS in the actual exam.

    @gateway3601: I used Becker only for all my CPA exams. The reason why I screwed up on my first attempt of AUD was becuz I under-estimated the exam when I was studying it. I thought a lot of materials were repetitve and I didn't pay that much attentions into the details. However, they do matter a lot!

    So, if you were using Becker as I am, I would highly recommend you to pay extra attention on Chapter 5's Internal Control, that was where I missed the core concept of AUD in my first attempt.

    @CPAer: Yes, Gover/NFP questions are the large portions of the exam, pretty much every MCQs testlets have them.

    Good luck guys! Hope my info helps!

    BEC: 86 (2/19/2011)
    REG: 79 (4/23/2011)
    AUD: 62, 89 (8/31/2011)
    FAR: 70, 76 (1/07/2012)

    Posted 4 months ago #

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