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92 on FAR 🙂
I am not 100% sure, but try ASC 808-50. It talks about disclosures related to collaborative arrangements.
I gave REG in Q4 2018. It was my first exam and I found REG to be quite overwhelming. Moreover, I am an international student and US tax laws were all very new to me. So the anxiety kicked in and I felt I needed one more week. I pushed it by a week and I kind of felt relaxed that I rescheduled. I made sure I utilize the extra time to the fullest and I did.
Like others above said, one week won't really make much of a difference in progressing with the certification, I second that. It is just a mental factor where you feel that if I have this one more week then I might be better prepared.
The very fact that you have this thought of rescheduling by a week says you should reschedule! Good luck!
@Preksha, looks like you gave all exams in a month. How long did you study for FAR?
This was my first exam. Passed REG with a 91. I am so relieved!
@Phil, not sure if you are still looking for a suggestion on the test bank, but here is what I did.
So I too wondered whether solving all the questions will really help or not. I did about 2400 MCQs from the study session, this is leaving aside the 400 odd questions in the book and the questions you do in practice test for every chapter to get it marked as completed.
I first started with all those chapters I thought I needed to master and then I did specific topics in other chapters. Eventually, I ended up doing almost all questions from chapters 1-16 and very few of business law (Chapter 17-20), reason being that the questions are insanely long and most of the questions in BLAW are situations worded differently. So you need to know the concept well, which can be done by reviewing the notes/ book.
Solving a lot of MCQs just help you cement up the concepts better and they get drilled in you.
If you do not have much time, I would suggest just pick up chapters that you or Gleim's software thinks to be your weaker area, select them all in study session mode (so that you know the answer immediately), choose unique questions in the filter and do them in sets of 38 questions.
Hi guys, I took REG this month and plan to test for FAR in January end. I am studying with Gleim.
@Tim, Gleim does that across the book! There was a question where they gave the AGI of the individual, the description of dependents and then asked what would be the amount of the personal exemption that the taxpayer can claim. Well, its Gleim, so obviously the AGI given in the question was exceeding the threshold. Now you need to “remember the threshold” for 5 different categories of filing status and then reduce 2% for 2500 increase. I am not even sure if this is to be remembered, but its crazy!
Though I believe they are trying to prepare us well for the exam but some questions feel like they are there to troll you! :p
@Chandler, thanks for replying. I am right now on a MCQ marathon, trying to complete it all before my exam on Nov 8.
Your scores are AMAZING! Never seen a 98 on REG!
Any suggestions/ advice from you would be great.
Hi, I think it's pretty normal to not remember everything after a couple of days. I am preparing for REG too and there are times I find my myself struggling to remember concepts which I thought I knew very well right after I studied them. There is a lot to be retained in this subject, especially with the different rules for different corporations.
I am a total newbie for this exam, and everyone has their own way of remembering and doing things. All I can suggest is try not memorizing the rules, but understanding why they are the way they are. Once you question and understand why a particular thing is added/ subtracted, why FMV is taken instead of AB, you will retain the material better. Also, whenever you are tired of studying, take a break and scan through the side notes you made for the rules, once in a day.
Also, I was told an insightful thing by someone here- keep testing yourself for topics you have previously studied, so as to keep the topics fresh in your mind. This can be done by taking out a day in a week to just do practice question sets on topics you have learnt in that week and before.
Hope that helps!
Thank you so much. That was insightful!
@Nate, your scores are impressive. Congratulations!
The fact that you attempted all 4 sections in such a short period and scoring all above 90s is admirable. Even if you retain all the information, one still feels pressure of the exams (and you had 4 to deal with), but you managed to pull it off with confidence and how!
Your study plan and confidence showed that you had put in all effort and dedication that was required for such great scores.