President’s Day Off; FAR on Friday

Jay is a weekly columnist as a Club 75 Blogger, where he documents his journey through the CPA Exam. He has been a member of Club 75 since April 2010.

Week 21:

29 CPA Exam study hours logged this week, un-romantic Valentine’s Day included.

My FAR exam is scheduled for this Friday. Am I ready this time around? Not sure. I definitely feel pretty good with a good amount of the material, but I still have trouble with a few of my weak spots. Deferred taxes, cash flow statements, non-monetary exchanges and foreign currency translation are my weakest areas. I’m very lucky to be in a position at work to take time off with minimal notice or authorization required.

In addition to having off for the President’s Day holiday, I have taken the rest of the week off as well. This will help me continue working on my timing, as well as these weak areas. None of these weak areas are concepts which I don’t understand, I get all of them, but I have quite a bit of trouble getting the MCQ’s correct.

I’ve spent my time over the last week going through the Wiley Problems and Solution book, reviewing the ones I get wrong time and time again. I’ve also spent time going back through Deferred Tax and Cash Flow Statement materials in my Becker textbook. I have spent time drilling flashcards and re-reading notes that I’ve written. Well, I can only continue doing more of the same and hope for the mix of questions to be skewed towards areas with which I am comfortable. Not sure if this is a good strategy or not, but it’s the strategy I’m going with.

I ordered my BEC books this week, so I will be getting right into BEC, regardless of how FAR goes. I have wasted some time between tests in the past, but now that my clock has begun (I passed AUD at the end of last year), I have to be efficient and keep moving. Wish me luck. And best of luck to everyone sitting this week.

-Jay O

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3 comments

Allyson 11 years ago

You sound very prepared. I have a feeling you are going to do really well with FAR. Good luck!!

IL_CPA 11 years ago

All the best on your exam!!! I am taking my FAR on mon 28th. Let us know how it went!! Goodluck..

Jay. O 11 years ago

Thanks for the support guys. Will let you know how it goes.