yooooooo CannotPass, I saw your request on another thread, so I’m here to help you out as best as I can.
If you have 5 weekends left, my assumption is your test is on January 23 (so this customized plan is based on that date and the fact that you said you can squeeze in 1-2 hrs./day and ~15 hrs. on the weekends). Obviously, it’s recommended that you read every topic of every chapter and do all the MCQ. But with limited time, this would be my best advice for the topics to focus on.
This weekend: Dec. 24 – 26: F1-F3: Focus on the Income Statement (F1) which contains acronym IDE(A), deferred tax asset/liability and matching of rev/exp (F2), and acquisition/equity methods (F3). Do a quick readthrough, and then plow through as many MCQ as possible.
Dec. 27 – Jan. 2: F4 and F5: Main Topics: Inventory – depreciation methods, perpetual/periodic, allowance for doubtful accounts (F4), and bonds/leases (F5). Do bonds and leases first. Spend as much time on this as possible. It’s hard to comment on F4, cuz there’s no specific section to pinpoint; it’s sort of all over the place. When in doubt, see which lecture is the longest or has the most MCQ and do that. But bonds and leases take priority: make sure you understand that.
Jan. 3 – 8: F6 and F7: Main topics: Pensions (ch. 6), St. of Cash Flows – direct and indirect (F7), and EPS (F7). Read/Take notes on these sections first, do the MCQ, and if you have time, move on to the other subsections.
Jan. 9-15: Focus on F8 and F9. Gov’t and NFP is a huge part on the exam so read these chapters thoroughly and take notes. This was hard for me to grasp at first because after 7 sections of GAAP and IFRS, studying a whole different set of rules can be overwhelming. Don’t freak out! It’s actually very easy once you see the big picture (the table at the end of F8 really helps a lot; it summarizes all the funds and lists the characteristics). I can’t stress this enough: do the MCQ! All of it!
Jan. 16-22: Final Review! This is going to be an intense cram session. Repeat the MCQ for F1-F9 as much as possible and mark the topics you’re weak in. The second time around (if time permits), go back and review the notes for those topics, and do the MCQ for those topics only. It’s doable; you just need to put the time in.
For the other subsections, I’m assuming you’ll be very limited on time, so don’t bother reading or watching the lectures. Just do the MCQ on those (yeah, I know you don’t know it so you’ll get the majority wrong, but that doesn’t matter, just read the explanation on the bottom and move on. That’ll be more effective than reading the book on those topics).
** When doing the MCQ, if you don’t know it, don’t waste time trying to figure it out by adding random numbers together or creating your own theory. Time is a luxury which you do not have. Just choose an answer and read the explanation.
** When you’re on the crapper, take flashcards with you (if you don’t have any, take your notes or your book or the NINJA notes). Anything to be productive. Time adds up, so make the most ofit. “but HutHut, that’s my break time, that’s when I reflect on my thoughts.” Sorry buddy, your thoughts and feelings need to be on hold until after the test.
As always, no trips/parties/events until your test. I’ll give you Christmas Eve and New Year’s Eve, but that’s it! (If possible, study a bit in the morning/afternoon on those days).
Good luck dude! Merry Xmas and Happy New Year!
BEC - 67, 79 - (expires 5/24)
REG - 74, 72, 77 - Key to Passing: RTFQ
FAR - 77 - Chance favors the prepared mind.
AUD - 64, (5/14) - FREEDOM!! (i hope)
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