FAR – Exam Prep

This topic contains 12 replies, has 11 voices, and was last updated by  CPA_Chik 2 years, 3 months ago.

Viewing 13 posts - 1 through 13 (of 13 total)
  • Author
    Posts
  • #1523376

    Anonymous

    Hi All!
    I finally have one section (FAR) left and have a question regarding exam preparation. For the other three exams, I read the Wiley CPAexcel books and reviewed with NINJA MCQ. However, I saw the text for FAR and am unsure if I could read the whole thing.. would substituting with NINJA notes be sufficient? I believe FAR is more volume than depth?
    (I can't study with videos/audio)

    Thanks!

    #1524150
    Namstut
    Namstut
    Participant

    FAR covers a huge volume of the material. I know that candidates pass FAR using just Ninja, not sure if it's the notes or the complete review package, but FAR is heavy on calculations so I doubt that notes only would suffice. Hopefully someone who used Ninja can provide more insight.

    When the going gets tough, the tough get going.

    All Done!!!

    #1524154

    Anonymous

    FYI…I think FAR in recent years has cut way back on the calculations. The exam I took had only very simple ones – the whole test was very conceptual, and I think the new format of the exam is leaning in that direction as well. I think I overstudied calculations and that's why I did not pass. Had I focused on concepts more, I would most definitely have done better. Which is why I think those who are only on Ninja with no other review materials are passing. Hmmmm, maybe I should try that too for my retake this October?

    #1524159

    C / X
    Participant

    FAR is pretty much going into financial statements (whatever kind) in-depth (all the accounts).

    I got tired of Roger's book for AUD and have switched over to Ninja just because I like the the breakdown/org better and since financial accounting is my strong point, I am doing okay so far. I'm only page chapter 1 and have finished 2 sections so far though.(..had a bit of a break for some stuff cuz it's better to take a break B4 the exam, then in between when I actually start studying seriously)

    I do wish that they came with a table of contents (instead I had to create my own) because it took me a while to create my custom calendar with it. But it's about 600+ pages give or take.

    I would say Ninja is the 2nd “briefest” but they really help me understand MCQ and is written in “plain English” which I prefer. ..I don't know about the SIMS though, the only one I bothered doing those for are REG and I doubt I'm going to do them for FAR.

    My recommendations if strapped for cash:
    1. Youtube- FAR videos
    2. find which chapters are most important and skip/skim a few chapters or only get a small understanding of those and concentrate on those chapters that are important.

    If you want the most bang for your buck Ninja book and MCQ is the way to go. Other stuff is good at reinforcing the concepts (ninja audio, Ninja videos) Then only thing I don't think really helped me is Ninja MCQ audio (you have to pay too much attention to follow) and I'd rather create my own notes then use the Ninja (TBH I don't know if they would make that much sense without the book, since they are probably brief bullet points of stuff that came from the book).

    AUD - 82
    BEC - 85
    FAR - NINJA in Training
    REG - 80
    Now or Never!
    #1524372

    krstnam
    Participant

    FAR is long that's for sure!

    I did the Becker materials and supplemented with the NINJA notes and audio. The only issue I came across was the formulas and mnemonics were setup different. I ended up getting a little thrown off in one subject area because the approach wasn't the same but it worked out okay.

    It was a little easier for me to go through the NINJA book – it was IMHO a better read than the Becker book but like @Christina said the NINJA book lacks a table of contents. A glossary would have been incredibly helpful too.

    I'm going to be the person who says "I finished even though..." not the person who says "I didn't finish because..."

    B - 77, 76

    A - 57, 64, 72, 76!

    R - 78 (lost credit 5/18)

    F - 54, 73, 71, 64, 69, 76!

    #1524823
    Namstut
    Namstut
    Participant

    @crazyleon, my MCQs were more than 75% calculations! The first testlet wasn't bad but the 2nd and the 3rd were ridiculous!! So I guess it depends on what test you get.

    When the going gets tough, the tough get going.

    All Done!!!

    #1524829

    Anonymous

    I don't take my exam until May 31st and I already know I have no chance to pass FAR. I am a chapter and a half in and it's taken me 3.5 weeks and I feel like I don't know anything. I do this stuff on a daily basis and can't seem to get questions right.

    I feel like the questions assume so much and I have no idea how to interpret. For example, they will mention the allowance method for AR and never mention if they are looking for income statement or balance sheet. Then, somehow, we are supposed to know they mean the balance sheet? Becker is either terrible, or I am going to BOMB this exam. (my guess is the latter)

    #1524838
    Cruzer
    Cruzer
    Participant

    what is everyone's stats on averages on NINJA firs time through? I feel like I don't know anything still relating to this material. I am doing an assessment of 10 MCQ for each section to see my weak areas I need to read book, watch videos etc. Is 50's averaging going through questions first time?

    “There is no elevator to success. You have to take the stairs.” -Anonymous

    • AUD - PASSED (Q1 2017)
    • BEC - PASSED (Q3 2016)
    • FAR - PASSED (Q2 2017)
    • REG - PASSED (Q4 2015)

     

    #1525092

    mtaylo24
    Participant

    I agree with namstut…my calculations were ridiculous during my last attempt.

    A: 60, 61, 61, 78
    R: 55, 69, 74, 75
    B: 71, 72, 73, 76
    F: 52, 54, 72, 71, 77!

     

    #1525101

    krstnam
    Participant

    @C.P.A. the third I felt horrible coming in to the last couple weeks of review for the FAR exam I took on 3/7. The weekend before I was discouraged. I came on here and vented a bit and got enough motivation to do some work but I didn't do as much as I should have. I could have easily put in 3 more hours on Saturday/Sunday. I also could have done more on Monday but didn't. I ended up with a 73 and now I'm mad at myself because I know had I studied the Statement of Cash Flows better, I probably would have got a passing score.

    Moral of the story, stay positive and keep going even when you're feeling bad…

    Becker F3M2 Skills Practice has a good explanation. Allowance method for AR – if it's based on a % of credit sales, it's i/s. If it's based on aging or %AR then it's b/s.

    I'm going to be the person who says "I finished even though..." not the person who says "I didn't finish because..."

    B - 77, 76

    A - 57, 64, 72, 76!

    R - 78 (lost credit 5/18)

    F - 54, 73, 71, 64, 69, 76!

    #1525119
    SallyCPA
    SallyCPA
    Participant

    LOL I literally feel so lost with FAR and I'm only on chapter 3. The amount of material is honestly ridiculous. Does anyone know which chapters are most important with Becker? Also at what point do you start doing Ninja MCQ if you have Becker..considering Ninja and Becker have different chapters…

    #1525129

    luisitotx
    Participant

    You're gonna feel overwhelmed at first but everything is going to come together once you start your review stage. I didnt pass with flying colors but my steps were to watch all the lectures without doing a single MCQ. After I was done with the videos I started with the mcq and the read the chapters. I focused my studies on Inventory, Fixed Assets, Leases, Pensions, Gov, NFP,Stockholders Equity and Cash flows.

    AUD - 82
    BEC - 81
    FAR - 77
    REG - 85
    #1525263

    CPA_Chik
    Participant

    I concur:the amount of calculations on my last FAR in Q1 was insane across every topic, even GOVT!!! I used Wiley too and I heavily utilized their Wiley notes (spiral bind) during the last week leading to the test. I even made notes within it and bookmarked every important subject. I also got Ninja notes; however, those were not as intense as Wiley's.

    I got my life back and it's beautiful!!!
    Licensed May 2017

    REG - 75
    FAR - 66; 73; 75
    AUD - 68; 76
    BEC - 79

Viewing 13 posts - 1 through 13 (of 13 total)

You must be logged in to reply to this topic.


Would You Hate It If I Gave You $162.12 Of Free CPA Review Material That Will Help You…

1) Study Less

2) Avoid Common CPA Candidate Mistakes

3) Get Higher Scores

4) Spend More Time with Friends and Family

5) Finally Pass and Get On With Your Life?