The secret to breaking 90 on FAR

  • Creator
    Topic
  • #814839
    IronJeff
    Participant

    First time pass. It’s easy when you know how.

Viewing 15 replies - 1 through 15 (of 19 total)
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  • #814920
    Tncincy
    Participant

    Do tell if you know….this is definitely info I need soon.

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    #815013
    patelhj1
    Participant

    very interested also!

    PASSED ALL CPA EXAM AUG 2016

    BECKER / NINJA MCQ

    BEC 78 08/2015
    REG 71 11/2015, RETAKE 83 01/2016
    FAR 75! 5/2016
    AUD ? 8/2016

    Becker with Nonstop NINJA MCQ
    Google most difficult professional exam

    #815280
    Lillian
    Participant

    following

    On my way to a CPA

    #815436
    mjbey1s
    Participant

    Please share!

    AUD - 83
    BEC - 82
    FAR - 80
    REG - 83
    “There is only one thing that makes a dream impossible to achieve: the fear of failure.”

    ― Paulo Coelho,

    Ethics - 96

    #815463
    Trele6
    Participant

    Why would you want to score 90 on FAR, no point, all you need is the 75 unless you are trying to get 99's and the recognition for all four tests.

    B - 80 Jun16
    A - 74 Aug16, 77 Oct16
    R - 87 Nov15
    F - 79 Apr16
    Ethics - 98 Nov16
    Licensed in New Mexico Dec16

    First go at the CPA! Only using Becker
    Reg / Nov 2015 - 87
    Far / Apr 2016 - 79
    Bec / May 2016 - 80
    Aud / Aug 2016

    #815478
    mjbey1s
    Participant

    Its not about scoring a 90……its about getting someone else's take on how they scored so well on the test and incorporating it into your studying to try to improve your score or get that passing score of a 90. No matter how you study, everyone will score different…

    BEC – PASS
    REG – PASS
    AUD – PASS
    FAR – 10/6/16

    AUD - 83
    BEC - 82
    FAR - 80
    REG - 83
    “There is only one thing that makes a dream impossible to achieve: the fear of failure.”

    ― Paulo Coelho,

    Ethics - 96

    #815649
    ohiostategirlcpa
    Participant

    Simple: Know (from memory) 90% of the sample journal entries in your study guide. Using T-accounts helps enormously.
    Don't forget that includes Govt, NFP, and IFRS.

    F91 A95 R90 B94
    CMA since 2015
    (Gleim books/PDFs, MCQs, SIMS)

    #815934
    Anonymous
    Inactive

    Some people just have a knack for testing well. They may not know a lot, but they're good at answering test questions.
    And, there are some who know a lot due to many years of work experience, who don't have to study as much in order to do well. All I care about is a 75! And, to get that, you don't have to be an expert on many of the topics. Having said that…I hope I can even get the 75. When I hear about “first time pass”, “4 weeks prep time, passed fine, doneskies!” and stuff like “It's so easy….IF you know what you're doing”, I think nothing of it. Not everybody is good at answering the AICPA's difficult questions and not everyone has done accounting for a decade or more.

    #818265
    notebook8
    Participant

    @IronJeff..So, how?

    #818622
    ADHDCPA
    Participant

    Apparently he's only a troll

    AUD - 91 YAAY! (8/4/15)
    FAR - 51 BOOO! (8/4/15)
    REG - TBD
    BEC - TBD

    #818628
    Anonymous
    Inactive

    And it's no longer a secret when shared.

    Well, I am not sure if IronJeff could overpower NINJAJeff, LOL!

    #818631
    Lou
    Participant

    Got a 94. My biggest tip besides the standard gov, NFP, IFRS etc that you definitely need to know, cash to accrual accounting and the journal entry method (helps for F2 and for F7) revenue recognition and cash flows.

    I.e. if you have cash based inc of 100, AP that goes up from 90 to 100, AR that goes down from 80 to 70, what is your accrual income. if you do JE's for the difference, you always end up with the right answer. Really helped me with a lot of questions

    Dr: cash income 100
    Cr: AR 10 (decrease)
    Cr: AP 10 (increase)
    Cr: Accrual income 120 (plug)

    AUD - 91
    BEC - 91
    FAR - 94
    REG - 87
    Done!

    FAR- taken 8/11/16....now the wait begins
    AUD- scheduled 9/8/16
    BEC- scheduled 10/9/16
    REG-scheduled 12/10/16

    Live a few years like most people won't, to live the rest of your life like most people can't.

    #821325
    ADHDCPA
    Participant

    The journal entry method of accrual to cash is a huge help to me too. I learned it in this forum and had it as a favorite at one point. Thanks for the reminder.

    AUD - 91 YAAY! (8/4/15)
    FAR - 51 BOOO! (8/4/15)
    REG - TBD
    BEC - TBD

    #821343
    Spartans92
    Participant

    @IBlacker, but the JE doesn't balance? I struggle with cash to accrual sometimes. Based on your example if AR decreases doesn't that mean less sales were made on credit or people paid their bills. So how does that increase accrual income? I get the AP going up may implied we borrowed more money. I appreciate if others can help clarify this.

    BEC - 76
    REG- 67, 85
    AUD-63, 74, 80!!
    FAR-65, 62, 57, 79

    3 down 1 more to go. BEC is on the Line 🙁

    BEC- PASS

    #821391
    tuanxn
    Participant

    Looking back it was definitely overkill and by no means will it guarantee anything, but my strategy towards the tests were:

    1. Watched all Becker lectures and take hand-written summary notes of what was said (no highlighting or underlining).

    2. Do all the Becker MCQ and making flashcards for each question I got wrong (concept and maybe the “trick” that this particular problem had). I also did this for questions that I got right, but had guessed lucky on.

    3. Do all the Becker sims and review flashcards

    4. Begin reading Becker textbook and highlighting important parts that I may have forgotten or wanted to remember.

    5. Used Ninja MCQs for review, continuing to make flashcards for wrong MCQ and reviewing all flashcards.

    6. rewriting ninja notes by hand

    It took me about ~7 weeks to study for FAR
    1. Weeks: 0.0-2.0, aiming for 1 module a day (at least tried)
    2. Weeks: 2.0-4.0
    4. Weeks: 4.0-7.0, ongoing from week 4.0 until the end of my review
    3. Weeks: 4.0-5.0
    5. Weeks: 5.0-7.0, review phase
    6. Weeks: 6.0-7.0, rewriting a little more than one module a day.

    Hopefully that timeline isn't too confusing. I left Ninja MCQ strictly for review because I wanted fresh MCQ that I hadn't memorized. I would do Becker MCQ straight through by module, but I would do Ninja MCQ with random topics so that it mimicked the real test (sets of 30). I did that until I finished all the Ninja MCQ.

    Throughout this entire process, listen to the Ninja audio any chance you get (commute, gym, or just waiting around somewhere), so that when you get to rewriting the ninja notes; it feels like second nature.

    I wasn't working, so I could dedicate ample time to the test. I spent about 180 hours studying with 1 day off a week to recover.

    Like I said, I feel like it was overkill, but hopefully you can take some bits and pieces and streamline it to make a more effective study plan 🙂

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