I have passed REG – in 2012 after failing it once. I lost my credit (had a baby… stopped testing), so here I am again.
The difference between when I passed and failed:
Understanding the bigger picture vs all the small rules.
I color coded my notes – adjustments – headers in blue, credits – orange, etc. It helped me categorize information and remember it more easily during the test.
AMT – I learned it backwards and forwards the 2nd time around.
My study schedule that time:
study before work
study at lunch
study after work
I didn't do this every day of the week but most days. Review on the weekends. Flash cards during down time.
You REALLY need to know the tax pieces backwards and forwards. It's a lot of information but break it into small study topics and drill them. If you are just going through the motions of MCQ's but not stopping to really understand the concepts – walk away and do it later when you're focused.
DO NOT SKIP the really boring really tedious CPA Liability crap. It's easy to gloss over but it's still tested.
When you've finished all of the content, review the Content Sprecification Outline. Mentally list all the things you know about each bullet point in the outline. If there's something you can't immediately spout off, you need to focus on that section.
I utilized Wiley MCQ's/simulations on top of Becker the 2nd time.
Do all of the sims. ALL OF THEM. understand the answers and why you did or didn't get something.
Ch's 3 and 4 seemed the longest, to the poster above. Give yourself time to review ch 1 – 4 (becker) before starting 5-8.
REG - 81
FAR - 79
AUD - 94
BEC - OCT 15
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