He has been a member of Another71.com's Club 75 since August 2010.
Reality check. Maybe I was in denial before, but now Im not. Fact is, I need more time with FAR. I originally wanted to take two exams this year (FAR and BEC) to avoid the changes in both exams, but it became clear to me this weekend that I needed more time with the FAR material. So Ive made the decision to postpone FAR until November 16th and BEC until 2011.
Before I go any further, for those of you who havent schedule your exam yet for this year. Do it. Today. Go back in time to yesterday if you have the technological know how to do it and schedule it then. And if you do have the technological know how to go back in time, you probably should be winning the Nobel prize instead of taking the CPA exam. Ok, enough funny stuff. The last 2 weeks were filled up and the 17th was the absolute latest I could postpone FAR until, so get on it. The test center crunch is real.
I started studying for FAR in the beginning of September watching the Yaeger CPA Review DVDs. I started off slowly – 10 hours a week or so, and that was hard. I started studying and didnt really know what to expect and I procrastinated. Then, after a few weeks I finally got in a groove and have been racking up 30 hour study weeks since and even hit the 5 hours mark on some weekdays. Yes weekdays.
Ive been cramming MCQs for just over a week, 25 to 50 at a time on my Wiley CPA Review CD. After watching the Yaeger DVDs I started off in the low 40s, but I have improved to almost 60% as of yesterday. With a week to go before my original test date, that 60% and the IFRS looming like a predator ready to strike in 2011, this FAR exam in 2011 became way too important to pass.
I need to be sure that I know the material. BEC simulations are not as scary as failing FAR this year and having to face the rancor that is IFRS next year. (Yes that was a Star Wars reference).
So while it would have been nice to get two exams under my belt in 2010, failing one or both because I didnt properly allocate my time would be a stupid mistake. Its not a race and making realistic evaluations is part of the formula for success. If youre not comfortable a week before, you should seriously considering postponing. You wont want to be kicking yourself later if you dont pass.
Now that my plan has been revised from 7 days to now 21 days, I plan on getting myself a CRAM DVD from Yaeger. This Halloween weekend, is the CRAM weekend. Trick or Treaters at my home wont hear spooky background music when the door opens, but the soothing sounds of Phil Yaeger and Cindy Simpson explaining dollar value LIFO, or if theyre really lucky, Bonds which gives me an idea for a costume next year. Ill be a leaseback agreement. Am I capital, or am I operating, scary stuff right there folks. Maybe Ill hand out CPA flashcards as goodies instead of candy.
For those of you who are in the market for a CPA review program, I am really becoming a serious fan of the Yaeger system. Not only are the DVDs informative and strangely real, in a good way. Ill never forget the first time when my mind was wandering and Cindy Simpson said. Ok turn to page 93 . Turn to page 93, were on page 93 go to it. She knows when youre losing focus. Her ESP will teach you EPS. The instructors are also readily available to speak to anytime. Its actually pretty motivating and the entire program is adaptive to you and how you learn. Its hands down better than my other program, which is the only other software Ive had experience with and I dont think theres a better price out there for any program. I look forward to watching CRAM and Ill report back here in a week or two my practice exam results.
On tap for this week, more MCQs, CRAM and some one on one phone tutoring with the Yaeger CPA Review for those concepts I just havent grasped yet. I hope to take more advantage of my iPhone now that the VLC player has an App for it, I can put the DVD files on my phone and watch them anywhere.
Looking ahead, Ill most likely be taking the BEC in early January, so I can take Audit or Regulation by the end of February. Ill probably be one of the first people to take the new BEC exam, so Ill definitely be sharing my experience with that. I also hope to share my experience studying for the CPA on Smart-phones at some point in the future.
Less than 3 weeks until FAR.