FAR Performance Report – Areas to focus on

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  • #178438
    Anonymous
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    I received my FAR performance report yesterday and I did comparable to passing candidates in all areas except for Financial Statement Accounts and Simulations.

    In the content area of Financial Statement Accounts which type of areas should I focus on to strengthen my knowledge in this area? Would this be questions that would ask how certain items such as trading securities are presented on the BS which would be FV?

    In preparation for the simulations, I have been working all of the Becker supplied sims along with the 2011 Wiley test bank sims. I have been concentrating on the Journal entries which I felt were my weakness on past attempts. I really feel like the sims are hit or miss so its difficult to prepare for them. I have also been working with the Authoritative literature section so that I can navigate it quicker and save some time. Is there anything else I can do in preparation for the sims to edge out a few extra points?

    According to my progress report, I did comparable on the MCQ but weaker on the sims. When working the sims it came down to not having enough time in order to really concentrate and understand the problem which made me frustrated and loose my train of thought. I will need at least 1.5hrs going into this section so I am really going to have to fly through the 3 MCQ sections.

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