April 15, 2020 at 10:06 am #2981051AccountantParticipant
I have decided to sit for the FAR section of the CPA and it has been while since I took a class a financial reporting course. I am planning to take the exam at the end of June which gives me about 2.5 months studying for the exam. On a side note I will not be working at the time of me studying for this exam. So, I wanted to know how long did it take you to pass FAR and do you think 2.5 months too long for far?
I am just new to the CPA exams and any advice is appreciated.April 15, 2020 at 11:31 am #2981090IcaritoParticipant
That is about the perfect amount of time. 10 weeks. Anything longer than that is too long in my opinion. You might be able to do it in less time if you are full time studying.
Some stuff will come back to you once you start studying. I went 10 years inbetween my last financial acct college course and studying for exam and some stuff came back to me quickly.April 15, 2020 at 2:13 pm #2981252ReckedParticipant
10 weeks worked for me.April 15, 2020 at 2:28 pm #2981255vbmerParticipant
That seems like an ideal amount of time to me.April 15, 2020 at 4:00 pm #2981300TncincyParticipant
It's good to make sure you spend quality time studying because I went through so many disappointing failures because I didn't put in enough time. I felt so rushed to be ready in at least 6 weeks. Take the time since it is available, it's not telling when testing centers will re-open so be ready.April 15, 2020 at 7:06 pm #2981393MercenaryParticipant
I spent 4 weeks on FAR. Longest I spent on any section. But my job, despite being considered full time was more like part time in hours so I could practically study full time.April 16, 2020 at 11:47 pm #2982044PuppykoalaParticipant
4 months, no breaks.April 17, 2020 at 12:56 am #2982062CPAHOPEParticipant
It REALLY depends honestly. Some say do not study more than 3 monthes. I actually listened to their advice and I got fu**ed big time. Look at my failures ha!
Assess your self critically n honesty after 2.5 monthes of studying. Do you know every possible journal entries? Do you know every critical materials in FAR? Does everything clicks once you're done studying? If things aren't clicking, you are probably going to fail. When it clicked for REG N BEC, I finally passed. I also recommend you at least trending 70% on MCQApril 17, 2020 at 8:38 am #2982125bigstakkParticipant
2.5 months is a bit too much in my opinion. I think for FAR and REG 6-8 weeks is around the sweet spot and for BEC and AUD 4-6 weeks. Anything beyond 8 weeks I personally think is overkill and you’ll have to restudy the earlier material. Unless you are shooting for 90s+ I wouldn’t invest that long unless academically and/or work experience wise you’re not very strong at accounting fundamentals. It all depends though how many hours per day you are studying. For each section you’ll need between 100-140hrs of study time. I never shot for more than getting in the 80s range since a pass is a pass and I just wanted to do enough to secure a first time pass by investing the least amount of time. I spent 4.5 weeks on FAR but only because I couldn’t extend beyond my NTS and didn’t realize it, but it just forced me to cram the last two weeks and I ended up passing (while working full time with a toddler). I realistically needed another 2 weeks though, to not feel rushed and to avoid super late nights of cramming. In short, 6-8 weeks at about 3-4hrs per day is more than enough for FAR assuming you have a degree in accounting and have a decent baseline knowledge. Anything beyond 8 weeks is overkill especially since your not working. Good luck!April 17, 2020 at 12:09 pm #2982182Captain AwesomeParticipant
I didn't pass FAR until my fourth try and for that I spent three months.April 17, 2020 at 12:51 pm #2982206mbParticipant
Instead of measuring in weeks or months, you should focus on hours. You will need between 150 – 200 hours. Someone could study for 2 hours a day for 3 months (180 hours) or someone else could study for 4 hours a day for 6 weeks (168 hours). The hours aren't that different but its half the time on a calendar. It is about the hours. Someone telling you how long they studied means nothing if you don't know how much they were studying during that time.April 17, 2020 at 1:13 pm #2982215jombeParticipant
FAR was my first section and I sure didn't know what the hell I was doing at the time and I ended up taking 7 months of studying for it.
I still didn't feel ready, but at that point, I wanted to take the exam even if I failed just so that I knew what the hell I was getting into.
Fortunately I ended up passing on my first attempt and realized 7 months was way too long of preparation.
I ended up spending ~3months per section after FAR. I generally studied 3-4 hours per day every day except for weekends. 2-3 weeks prior to the exam, I upped my studying hrs to 6-8 hrs a day, still took most weekends off thinking I could use some time way from studying to keep my sanity. Ended up working out perfectly for me.April 18, 2020 at 2:50 pm #2982770TncincyParticipant
Wow, great score jombe. keep those fingers crossed for the rest of us. I don't think I will spend 7 months but I intend to be ready when the testing centers re-open.April 24, 2020 at 8:19 pm #2986457MichaelParticipant
depends if you want an education or ability to pass… to get an education takes minimum 6 months imo took me much more. to pass only need probably 3 months.May 1, 2020 at 9:40 am #2990981JM03Participant
Like others have said it really depends on you and how focused you can get. I spent 4-4.5 weeks on each exam and found it more than enough to learn and understand the material. Reg even seemed a little too long.
I have friends who spent 2.5-3 months on each. To them that was the time it took to learn the material.
I’d recommend looking at your schedule and setting an aggressive daily schedule giving you enough time to get through everything with 10-14 days of review. Do the first couple modules to see how long it takes you compared to your review course’s estimated time. Then use that info to make a rough estimate for the rest. Then get to it.
The more intense the schedule the more you will have to follow it. Prolonging gives you the chance to procrastinate.May 1, 2020 at 11:40 am #2991074PCParticipant
I took 6 months but that included time off over the holidays and a spring break trip with the kids along with 10+ practice tests beforehand. I can say that was overkill but I wasn't keen on doing any retakes.May 1, 2020 at 12:45 pm #2991131limousine ridin’, jet flyin’ son of a gunParticipant
I had a 12 week plan (1 chapter a week w/ 2 weeks final review). Everyone's different and I'm a slow learner. I need to look at things multiple times to get it. I don't understand how people can breeze through a FAR chapter in 2 days. That being said I usually didn't need a whole week for a chapter. I took the time to go back and review old material because FAR is overwhelming but you can do it.May 2, 2020 at 7:49 pm #2992334monikerncParticipant
Regardless of what you decide, you have to do continuous reviews as you go through the material – it is easy to forget the early topics if you are not reviewing. These will help you retain the info. Do what it takes to learn and recall – memorization only is not going to help you pass. The other thing about FAR is that having a good understanding will help with Audit which I recommend for your second exam.
Study to score high and set no retakes as a goal. Enjoy yourself and remember to always breathe.May 7, 2020 at 11:58 am #2996541LadyIParticipant
I think 10 weeks is the perfect amount of time if you are only studying, but you have to stay on top of it. I was able to do it in 12 weeks working full time. I really recommend doing all practice exams, and spend a decent amount of time of Gov't and NFP accounting. I broke up my sections when I studied as you know each test is VERY different, but I made sure I knew the following topics really really really well: Gov't, NFP, Cash Flows, New Revenue Recognition, Pensions, Leases, Bonds, Debt/Equity Method, Stock JE's (treasury stock – par value vs cost method), Anti/Diluted EPS, Acquisitions/Consolidations, Nonmonetary Exchanges (Boot/No Boot), OCBOA terminology/differences, Capitalized/Expensed Costs – pay close attention/understand internally developed software costs etc, Inventory (LIFO/FIFO if inventory prices are rising the effects on both methods..etc they love those questions), Foreign Transaction/Translation, Depreciation methods, etc.. If you know the big topics well enough/can do the SIMs on these you will be fine, they can get very specific on the exams depending on the exam you get..and if you get those questions right awesome if not it won't make you fail.. I was surprised on how much Gov't and NFP was on my exam and I actually have zero Gov't accounting experience/nor do I like it very much lol Best part about FAR is if you know JE's you can usually figure out majority of sims but I recommend doing all the SIMs especially for Gov't and NFP..the SIMs from Becker taught me more than the MC with the very tough sections I struggled with.. I used Becker to pass in Sept of 2019 with an 83 – and I think the best score I got on a Becker practice exam was a 73. ALSO – make sure you do the AICPA practice exam..it is super helpful to see the types of questions they previously asked..you will notice you get SIMs that have a TON of attachments and it is super annoying lol make sure you plan how to go through all the attached documents to the problems etc.
My best piece of advice after going through all of this is just don't give up on the actual exam/get frustrated while you are taking it..Every single exam I wanted to walk out of and every single time I called my husband/mom afterwards and let them know I would be retaking the exam and I for sure failed. I passed all four on the first try! I realized after I passed BEC with a 78 and I didn't do an entire essay that you just have no idea how to gauge how you are doing.. just give every question your best shot and keep trying on the entire exam! If you do the reps and put it in the time you will pass!
Is 2.5 months studying for FAR too long? How long did it take you to pass FAR?
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