Forum Replies Created
Yes, two weeks for FAR along with a photographic memory to recall facts, and a decent IQ to put the facts together.
I will let you know after NOV 30,but thus far, I think Roger CPA is the father of the Audit exam. I remember when I studied for the CPA exam about 7 years ago using Becker. I pretty much had to memorize everything and did not understand a thing. I ended up with a 74 back when the exam was 70% MC questions. Now with Roger this time around, I have only completed 60% of the material, and for this first time in my life, I think I understand Audit. Even if I fail the exam on Nov 30, I still think Roger is for Audit, what Messi is for soccer.
mystical guy, i don't mean to be disrespectful,but are you gay>?
Im traumatize because of FAR, and now I think all the other parts will be as difficult. The first time I took FAR, I did not cover CH. 10, NFP and IFRS and got a 68. The second time I took the exam, I covered NFO,IFRS and Ch 10,but didnt do a lot of simulations and got a 71. The score report said strong and stronger in everything except for simulations. The third time around I didnt skip anything and did a bunch of simulations from Gleim and got an 84. I think becker prepares you well for the MC part of FAR,but they assume you know all your JEs like the palm of your hand. This used to work prior to 2011 when simulations were on 20% of the exam ,and MC was 70%,I think they need to update their material at least for FAR.
How long have you been studying? If you feel so unprepared, why dont you take FAR on Nov? Have you taken Becker's final exams? If you score at least a 70 on those exams, you should be fine.
katerina2665, he did mention that it took him 18 months to complete all 4 parts,so the 10 hrs was for a retake.
I was one of the few who chose a different option, and while I did take the full 18 month window to get the exam done, that was 100% my own fault.
Gina, what have you tried thus far if you don't mind me asking?October 16, 2014 at 3:49 pm in reply to: Is there a time-limit between tests for candidates? #617922
Mary, you are absolutely wrong. Each passing score is good for 18 months.
Congratulations Maestro!October 16, 2014 at 3:26 pm in reply to: Forum Giveaway (Friday 10/17): NINJA MCQ x 5 (Closed) #613424
guys, he said this testing window and not next year.
AUD 11/30/14October 16, 2014 at 1:43 am in reply to: What you wish someone told you when you first started? #613707
If you want to pass FAR, do as many simulations as you do MC questions.
This is a very interesting topic. Who would you rather work with Accountant A or Accountant B. Accountant A is a smart individual with a GPA of 3.50, and he just finished with the CPA exam. It took him about 14 months to pass the exam, so he knows that he has struggled for everything he has earned including the 3.50 GPA. This also makes him a very humble individual who thinks that everyone is capable of greatness, but you have to work hard at it in other to achieve your dreams. He works hard,but also plays harder as he know that life is not just Accounting.
Accountant B is not smarter then Accountant A at least on paper since he also has a GPA of 3.5, and passed the CPA exam. The only difference with Accountant B is that he did not struggle much to pass the CPA (6 months) or to get a GPA of 3.50. Since he did not struggle much to accomplish his goals, he thinks he is a lot smarter than most Accountants he knows, and he is always comparing himself with his colleagues. This makes him very cocky and narrow minded since you can never judge a book by its cover. He loves to be right,so his life evolves around his profession. Lets say Accountant B might do the job faster than Accountant A,but both will get the job done. Who would you rather hire?
cycgundam, you are not Accountant B by the way, you might be too young so life will make you change your ways in a near future. Accountant B is someone who is already in his late 30s,but never changed his way of thinking even after life taught him many lessons.
cycgundam, do you require a sponsorship visa to work in the US? I think that might be the main issue.
I thought he was Cuban.
65,54, 72, 67 I also see a pattern on your scores, so do whatever you did on exam 1 and 3 plus the advice above.
I went from a 71 to an 84 just by following the below advice. I didnt even bother with the research simulation,so based on pure knowledge, I could have gotten an 87% by doing the research part.
I got a 69 the first time I took FAR. I think I made the mistake of focusing only on MCQ questions on my first attempt and I didn't have an effective study plan to focus on J/Es or sims–my score report reflected weaker on sims and stronger on everything else. I have seen too many people with a score report that says they were stronger on every section except for sims and too much advice that has told people to ignore having a focused study effort on simulations which really hurt me the first time I took FAR.
So, here is what I would suggest that helped me slay FAR on my second try as well as some other things I wish I had known when I started.
Take FAR as your first exam and follow it with AUD! These two have a lot I was able to roll into AUD right after my miss on FAR and pass it easily. Then I was able to roll back into FAR studying without forgetting too much. I really don't know how people can leave FAR for one of their later exams. If I was going to throw in the towel, I wanted to know early and have the toughest test first! I seriously think FAR was 3-4 times more difficult than AUD so I would have hated to have to do that one later.
Get the Wiley Test Bank and only answer MCQ questions until you get to about an 80% for each section of FAR, The reporting on this test bank is nice because you can see graphically how you are scoring on all of the sections so you have the proficiency you need. If you are trying to get higher much higher than 80%, you are getting to a point of diminishing returns and you need to divert your attention to studying J/Es and Simulations. Until you are at the point where you are scoring in high 70s or 80s consistently on the MCQs you may not even want to schedule your exam date because you are just wasting your time. Sometimes I wonder if the people who get tons of failures in a row are using the real exam as a diagnostic exam–if you can't score in the 75+ on the test bank, you probably have no business taking that section at all yet.
Also, one thing I notice about people posting about doing MCQ questions is they say they do an ungodly number of MCQ questions during their study sessions and then complaining about not passing. Don't fool yourself about MCQ–the number of questions attempted doesn't translate into a actual learning. Sometimes it would take me hours to get through 20 questions because I was spending a ton of time trying to figure out what I didn't understand in my book. The point is that you shouldn't confuse blowing through a ton of MCQ question with studying–you are just blowing through questions and not learning.
As for the actual exam, though, you need to move through the MCQ questions like lethal Ninja from Shinobi–30 minutes per section should be your goal. I was at 30 minutes, 40 minutes, 40 minutes for mine because the testlets got harder. Your 80% on the test bank should give you confidence to know you are prepared to tackle them quickly. Start chopping off heads of the MCQ questions as quickly as possible and keep moving like you are in a Bin Laden compound or something. If a couple of foot soldier MCQ questions get away with just a flesh wound DON'T spend time chasing them. Remember you are there for the BOSS at the end of the level AKA the sims. Whenever the test tricks you to spend too much time on an obscure MCQ, think of Arnold Schwartzenegger or some other action star saying…”GET OUT..GET OUT NOW” with whatever movie scene you can think of where some dumbass is trying to get everyone killed because they freeze when the grenade is in the foxhole! LOL
You MUST, MUST, MUST go through and write down every journal entry entry in your FAR book and you have to do try to work through every FAR sim in your book. You will have to do it on pencil and paper because the Wiley test bank isn't good enough to prepare you for the sims based on what is in the software. For my final review, I completely ignored doing multiple choice questions since I already had an 80% on all sections and only focused on sims and journal entries. Of all the stuff I said before this is the ONLY thing that improved my score so much. Even if you can't predict the sims that will show up, having confidence in how to tackle that type of problem will pay dividends. Furthermore, you will better learn the more advanced content that you will see in the MCQ questions. This is the area where I was able to improve my score.
40% of the scoring on the exam is sims so you have to spend time preparing for them. Trying to increase your score marginally by continuing to pound MCQ questions after you have gained proficiency at 80% isn't going to translate into a lot more points on your exam. The amount of effort for the amount of marginal increase in score isn't worth it. However, if you can take your sim score from a 50% to a 75% by putting in a little more effort on preparation will make a huge difference in your final score.
If you have just failed with a high 60s or low 70s, I wanted to give you my experience how I raised my score to help, if possible. To summarize here is the gameplan…80% on all sections of Wiley, schedule your exam, spend your last 40 hours of prep time doing nothing but journal entries, extended examples, and sims from your book on pencil and paper. (mine was a gleim book).October 11, 2014 at 5:32 pm in reply to: Getting a little nervous taking FAR for 4th time on Monday the 20th #612662
The only advice I can give is to just do as many simulations as you can before the exam. I went from a 71 to an 84 by doing a tone of simulations from Gleim.October 6, 2014 at 3:38 pm in reply to: Is it important to look at IFRS VS. GAAP differences summary? #611651
Edited Sorry 🙁October 5, 2014 at 3:15 pm in reply to: OT – Going On 2 Years of My CPA Journey and Still Battling On #611843
Kricket's advises are always great. She is very down to earth and humble unlike some other people I know that have struggled with this exam yet they think they are the smartest person on this forum.
Kricket for president!
Wow, only 55 out of 94,000 candidates got an almost perfect score of 95.5 and above. The success rate is .0005. Those individuals must feel so proud.October 3, 2014 at 3:11 am in reply to: Is this the beginning of the end for American CPAs? #611562
awynash said to ask anything, and I was just curious cause I thought my friends were kidding when they said that. I have a lot of Indian friends from GA tech,so not disrespect to you or anyone else from that country. I'm just curious to know,but you are right I should have asked that at the lounge thread.October 3, 2014 at 2:08 am in reply to: Is this the beginning of the end for American CPAs? #611558
awynash, do they still have arranged marriages there? I have a friend from India who told me that they are now a little more open minded, and you get to go on one date before you decide if you want to get hitched.October 2, 2014 at 10:01 pm in reply to: Is this the beginning of the end for American CPAs? #611552
You got that right naranja.October 2, 2014 at 9:58 pm in reply to: You Are Only Hurting Yourself by Giving Up & Walking Away #611103
Skynet, the best advice that I can give you is to stick to one part until you pass it. When you go from one to the other and jump between concepts, you making it worse. The second advice will be to start looking for Accounting jobs all over the country. I know you dont have kids cause you are a young player so that makes it easier to relocate. The more time you spend in retail, the worst it will be. When I graduated at the age of 26 (had too much fun to leave college), I couldn't get a job in Miami after graduating,so I started applying all over the country with Monster.com until I landed a job in Atlanta.October 2, 2014 at 9:35 pm in reply to: You Are Only Hurting Yourself by Giving Up & Walking Away #611099
Skynet, How many parts have you taken thus far? You have a Bachelors Degree in Accounting and never worked in the field? You don't like South Florida? Dude, we have a big country here. You never thought about relocating?October 2, 2014 at 9:31 pm in reply to: Is this the beginning of the end for American CPAs? #611550
I just think that in about 5 to 10 years, if you are not a CPA, you wont have an Accounting job. I also think that salaries for CPAs in the US will drop just to be able to compete with outsiders. I guess that is the bad side of a Capitalist society. I always thought that Capitalism couldn't be that perfect. The flaws of Capitalism are beginning to show thanks to technology and globalization. Our middle class will shrink sooner than we expected.October 2, 2014 at 9:22 pm in reply to: Has anyone passed FAR without finising a couple of chapters? #611191
1st time i took FAR Skipped Ch 10 and IFRS—-67
2Nd time I took FAR Skipped Simulations
3Rd time I took FAR did not skip anything