Video – FAR Blueprint – Select Financial Statement Accounts

Amir writes in, “I'm in desperate need of some advice on how to study for FAR, and specifically in the ASCPA content area of Select Financial Statement Accounts. I started stronger and comparable in all areas except this and Simulations. I find that time is my biggest hurdle, and that I'm very thorough and tend to read in great detail, and have a tendency to verify and re-read documents, and gain assurance that I am answering the questions correctly. Any advice would be appreciated.”

Alright, so Select Financial Statement Accounts, that's 30 to 40% of your FAR exam. And that's things like, cash, receivables, inventory, investments, PP&E, bonds, so pretty important stuff. And there's a whole section of that in the NINJA Book. I would read the NINJA Book, especially over that topic.

The only way to get stronger in that area: I would read the NINJA Book, “Nail the Concepts” there, and then I would hit that section really hard in the MCQ. It's a pretty simple answer…read the NINJA Book, do the MCQ. But, 30 to 40%, you have to take that section seriously, and the only way to do it is make sure that you're taking good notes. And especially on the MCQ, when you miss things, make sure that you really write them down.

Related Posts

July 2022 CPA Exam Changes

July 2022 CPA Exam Changes | Another71 Podcast 102

This CPA Exam podcast covers: July 2022 CPA Exam changes Erin (DOJO) Currently I am hammering out MCQs. I did poorly on the SIMS but did not feel like any of the practice SIMS I did with (CPA Review course) set me up to succeed. Gary (DOJO) I took auditing 5 times 68,70,71,74,71. I am […]

How to Recover from a 30 on the FAR CPA Exam using Becker CPA Review + NINJA

This CPA Exam Study Tips video covers How to recover from a 30 on the CPA Exam How to study with Becker CPA Review and NINJA Why re-studying in 4 weeks is a bad idea

CPA Exam Mask Mandates Lifted | Hardest CPA Exam Era

YouTube Shorts Video (they don’t embed, apparently)

Pass FAR CPA Exam in 3 Weeks | CPA Exam Study Tips

Starting things off with Krishma. Jeff, I’m studying for my third FAR attempt. My previous scores were 70 and 68. I’m planning to take my exam three weeks from now. Please tell me how I should start and what I should focus on. If your exam is three weeks from now and you’re just starting […]

Leave a Reply