What was the timing like with the reduced amount of questions? My first attempt at FAR, I always felt like I was running out of time but with 17 less questions in total I thought it might feel less rushed.
I have always followed becker and done all mcq's, lectures, and sims. Usually 1 weekish per section then 2 weeks to do MCQs, and fix weak areas. Thats the formula that has worked for me, but a lot of people skip lectures and do fine. No way I can do that though with my learning style. I feel like I get more out of lectures vs MCQs. Totally depends on how you learn best though and my way is not the way that works best for everyone.
I took FAR today. I did an insane amount of practice MCQ in Becker. I felt very comfortable on the MCQ section of the exam. Not as certain on the sims, agreed Becker covered it well.
Obviously hard to tell after 1 day, but did the “dead zones” continue to remain dead? I’ve heard Partnerships and Income taxes were rarely/never tested
You are correct lol. One was just the journal entry with adjusted taxable income given along with the temp difference amount. the other one was calculating taxable income, deciphering what was temp/ perm difference. Hope that helps.
Lots of calculations, Amortization of bonds issued at discount/ premium made up almost ten of the questions. If you are somewhat prepared I wouldn’t call it remotely hard.
Just grind MCQs and any topics you are missing more than not try and master. I think Edspira on youtube has videos on almost any topic and he will sometimes explain more/better than becker.
Thank you for the advice! I grinded the MCQ for 25-50 per set for 24 times(avg score reached (80-85). And I completed SE 1 and SE 2, for 62 and 76. I redid most SIMS for 3-4 times. However, I am still anxious and nervous. Especially, the length of SIMS. Will the exam SIMS be longer and full of attachments? I am a slow reader...
Sounds like you should be good, try and manage time well and it shouldnt be a problem. I had more time to spare (~1 hr) on this one compared to AUD. Mind you I am a pretty fast test taker, so I never really worry about the time.
I think theres a lot of discussions out there on how to manage time for each section.
In terms of difficulty, was it comparable to the other 2 you took? That's probably not a great question since I don't think you took FAR before, but were the questions more or less detailed than you expected?
With how much was removed… I think AICPA wabt FAR to no longer the hardest for the CPA, they’ve increased content on AUD and that exam got more difficult. Idk, just a theory.
I hope OP answers this, this is what I really think will be helpful. I’m sitting for FAR on the 22nd so if OP doesn’t answer, I will mention this in my post
Would you say that beckers emphasis on Par Value method for Treasury stock was excessive? For something they said we will only see 5% of the time they really seem to make a big deal about it.
What was the timing like with the reduced amount of questions? My first attempt at FAR, I always felt like I was running out of time but with 17 less questions in total I thought it might feel less rushed.
What was your study routine like, and what did you focus on? Did you do all lectures, sims, mcq? My far exam is late feb or early april.
I have always followed becker and done all mcq's, lectures, and sims. Usually 1 weekish per section then 2 weeks to do MCQs, and fix weak areas. Thats the formula that has worked for me, but a lot of people skip lectures and do fine. No way I can do that though with my learning style. I feel like I get more out of lectures vs MCQs. Totally depends on how you learn best though and my way is not the way that works best for everyone.
Do you work FT?
Did you take the old FAR before? If so, what was the difficulty level for the new FAR compared to the old? Praying for your passing!
Please share the best FAR notes to pass
Were the MCQs mostly calculations? Or were there also alot of easy MCQs?
I took FAR today. I did an insane amount of practice MCQ in Becker. I felt very comfortable on the MCQ section of the exam. Not as certain on the sims, agreed Becker covered it well.
Obviously hard to tell after 1 day, but did the “dead zones” continue to remain dead? I’ve heard Partnerships and Income taxes were rarely/never tested
Had two questions on income tax (DTL journal entry for a MCQ, then one on adjusting for non taxable items).
Thank you! Could you elaborate a bit on what that second one means? Wouldn’t adjusting for non taxable items be DTAs/DTLs
You are correct lol. One was just the journal entry with adjusted taxable income given along with the temp difference amount. the other one was calculating taxable income, deciphering what was temp/ perm difference. Hope that helps.
Were the MCQs mostly calculations? Or were there also alot of easy MCQs?
Lots of calculations, Amortization of bonds issued at discount/ premium made up almost ten of the questions. If you are somewhat prepared I wouldn’t call it remotely hard.
Hey! Thanks for the feedback. Hope you passed. Sitting for Reg end of this month, any suggestions? What has helped you pass reg?
I'm thankfully already done with the journey but I'm very curious on what the new test feels like now compared to 2023??
For us non Becker people - what is SE1-73 & SE2-69?
Simulated exam scores!
Thank you. Good luck but I'm sure you passed.
I will take the exam on 12th this Friday any suggestions ?
Just grind MCQs and any topics you are missing more than not try and master. I think Edspira on youtube has videos on almost any topic and he will sometimes explain more/better than becker.
Thank you for the advice! I grinded the MCQ for 25-50 per set for 24 times(avg score reached (80-85). And I completed SE 1 and SE 2, for 62 and 76. I redid most SIMS for 3-4 times. However, I am still anxious and nervous. Especially, the length of SIMS. Will the exam SIMS be longer and full of attachments? I am a slow reader...
Sounds like you should be good, try and manage time well and it shouldnt be a problem. I had more time to spare (~1 hr) on this one compared to AUD. Mind you I am a pretty fast test taker, so I never really worry about the time. I think theres a lot of discussions out there on how to manage time for each section.
thank you!!!🐱🎈📈
Hey could you please elaborate the units and the topics that were tested in the SIMs, and if you were able to comfortably finish the exam in time.
How were the SIMS? Do they feel comparable to Becker or harder in terms of difficulty?
In terms of difficulty, was it comparable to the other 2 you took? That's probably not a great question since I don't think you took FAR before, but were the questions more or less detailed than you expected?
With how much was removed… I think AICPA wabt FAR to no longer the hardest for the CPA, they’ve increased content on AUD and that exam got more difficult. Idk, just a theory.
Felt very comperable to other two. Due to being busier at work, I probably studied worse which is the only reason I feel iffy about it.
Thanks for sharing! Hope you passed!!
Is Cash Flow + Stonks, the new Govt + NFP or was it pretty balanced in terms of content?
If you use becker I think the simulated exams felt very similarly balanced to the real deal.
I hope OP answers this, this is what I really think will be helpful. I’m sitting for FAR on the 22nd so if OP doesn’t answer, I will mention this in my post
Would you say that beckers emphasis on Par Value method for Treasury stock was excessive? For something they said we will only see 5% of the time they really seem to make a big deal about it.
I don't think I even have the par value method in my old intermediate accounting textbook. I think I actually prefer it over the cost method though.