I posted this on another thread before I found out I passed FAR, but since I know it worked for me, I'll post it here. Hopefully it helps you too
Best strategy for me (very effective):
1. Watch the video lecture and type notes on all the key points (I use a split screen – video on left & take notes on right, while watching)
2. Read my notes when video is over
3. Take quiz (complete all MCQ’s and TBS, if any)
4. Review all explanations (even the ones I got correct, to verify the explanation corresponds with my understanding)
5. If the lesson contains any JE’s I don’t know by heart, I add them to my Excel file named “Important JE’s” and write a descriptor next to it to help me remember.
Example of what I did for bonds:
1/1/11
dr. Cash 93,720
dr. Discount 6,280 – contra-liability
cr. Bond Payable 100,000
1/1/11 BS (non-current liability)
Bond Payable 100,000
Discount (6,280) – contra-liability
Net bond Liability 93,720 – present value amount (discount “REDUCES NET BOND LIA”)
I also created an amortization table of the example problem while the professor explained it in the lecture.
I made sure I knew how to calculate the premium/discount, the “cash interest” paid, the interest expense, etc.
I also made sure I did problems with bonds sold in the middle of the year with accrued interest, etc.
My point is, if the topic is historically known to be highly tested on the exam, notes are important!
You need them to review when you get through all the material.
The bulk of most topics on the CPA exam can be fit into a few sentences (10 sentences max) so I didn’t find it that time consuming (unless you’re wasting your time on the nitty gritty stuff)
Overall, I recommend spending the majority of your time doing the problems and really understanding them.
Also, spend a full day grinding only NFP/Gov’t MCQ’s. This is a must as it only really takes a day to understand about 80% of the problems and it accounts for about 20% of your total score.
TIP: I think a majority of people saying notes are a waste of time “hand-write” their notes. I think this is poor use of time and very inefficient since you need to go through 50 pages of chicken scratch to find your notes on Leases, etc.
BTW, I only used WileyCPA and I don't know how Becker videos work, but WileyCPA videos are broken down into like 260 small lessons.
Cheers.