[r1racer]

Anyone skip this section for FAR? I feel like it’s too much to remember and not worth the time.

[jsblamer]

that would be a serious mistake. you may or may not be asked a direct ratio question(s), but even if your not, you will still need to know how to apply them. For example, if COGS decreases, what impact would this have on inventory turnover? just an example, but you need to know how to apply ratios.

B -
A - passed
R - passed
F - passed

[jsblamer]

that would be a serious mistake. you may or may not be asked a direct ratio question(s), but even if your not, you will still need to know how to apply them. For example, if COGS decreases, what impact would this have on inventory turnover? just an example, but you need to know how to apply ratios.

B -
A - passed
R - passed
F - passed

[CPA soon]

I skipped it 😀 and failed lol

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[CPA soon]

I skipped it 😀 and failed lol

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[Anonymous]

Agreed. The ratios provide a lot of useful information to help answer other questions than just calculating the ratio. You could skip it, but I think you would be giving up a lot of easy points by not at least knowing the basic ones and how changes in them affect changes in the corresponding accounts. Current ratio, quick ratio, inventory turnover, AR turnover…

[Anonymous]

Agreed. The ratios provide a lot of useful information to help answer other questions than just calculating the ratio. You could skip it, but I think you would be giving up a lot of easy points by not at least knowing the basic ones and how changes in them affect changes in the corresponding accounts. Current ratio, quick ratio, inventory turnover, AR turnover…

[JustWant 75]

I skipped and was lucky but you will need to know it for AUD and again for BEC so you might as well learn it now.

Becker, Ninja Audio + Notes

FAR: 80 (Aug 2013)
AUD: 91 (Nov 2013)
BEC: 79 (Feb 2014)
REG: 80 (May 2014)

[JustWant 75]

I skipped and was lucky but you will need to know it for AUD and again for BEC so you might as well learn it now.

Becker, Ninja Audio + Notes

FAR: 80 (Aug 2013)
AUD: 91 (Nov 2013)
BEC: 79 (Feb 2014)
REG: 80 (May 2014)

[r1racer]

Okie Dokie

[r1racer]

Okie Dokie

[PocketsWithCash]

Definitely not necessary to memorize all of them for FAR, but you'll need them for other exams. I wouldn't completely skip the section just because the couple of questions you could potentially have would be fast, easy points. The scope of the exam is wide enough where you're not going to get 5 ratio MCQ's, not sure if you would get a SIM on FAR, but if you did it would be one of the easier SIMs you could have.

Just be familiar with like 10 basic ones: current, quick, inventory turnover, a/r turnover, ROE, ROA, P/E, debt to equity, and obviously both forms of EPS.

FAR 97
REG 91
AUD 5/30/14
BEC 7/11/14

[PocketsWithCash]

Definitely not necessary to memorize all of them for FAR, but you'll need them for other exams. I wouldn't completely skip the section just because the couple of questions you could potentially have would be fast, easy points. The scope of the exam is wide enough where you're not going to get 5 ratio MCQ's, not sure if you would get a SIM on FAR, but if you did it would be one of the easier SIMs you could have.

Just be familiar with like 10 basic ones: current, quick, inventory turnover, a/r turnover, ROE, ROA, P/E, debt to equity, and obviously both forms of EPS.

FAR 97
REG 91
AUD 5/30/14
BEC 7/11/14

[Anonymous]

Definitely know the common ones. They aren't exclusively tested on the FAR exam–they show up in BEC and AUD, too. Might as well get them under your belt! That's what I finally decided, after trying to elude them.

[Anonymous]

Definitely know the common ones. They aren't exclusively tested on the FAR exam–they show up in BEC and AUD, too. Might as well get them under your belt! That's what I finally decided, after trying to elude them.

[Anonymous]

I actually recommend skipping. I didn't read that section, and it didn't cause me any issues come exam time. It's such a small topic but would take considerable time to memorize the formulas.

[Author]

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