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Subject Topic: FAR and BEC strategy (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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tngjames25
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Joined: 22 May 2010
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Posted: 24 Jun 2010 at 09:37 | IP Logged  

Hello everyone.  I am seeking some suggestions.  I just passed Audit last month so I have the 3 sections remaining.  I am concerned about FAR because of IFRS being added in 2011.  I am concerned about BEC because it will no longer be all MCQ's in 2011.  (REG is hardly changing so no worries there). So I would love to pass these two in 2010.  HOWEVER....  what is my strategy?  I work full time.  In my mind I have 2 options. 

1) Schedule BEC at end of August, wait to get results in Sept, and if I pass, schedule FAR at end of Nov.  If I failed, schedule BEC in Nov and just go for FAR in 2011. 

2) Schedule BEC end of July and FAR end of Aug, giving myself only 4 weeks to study each part.  Wait for results, and if I failed then schedule again for end of Oct, end of Nov.  This gives me 2 chances to pass each part in 2010,...BUT considerably less time to study for each part.

Any suggestions?

Lastly, there is the issue of study materials.  I am paying for everything on my own and am using Yaeger.  If I purchase FAR for 2010 but fail, then I'd have to purchase the new one again in 2011.  That would suck!! 

 

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Easton
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Posted: 24 Jun 2010 at 12:16 | IP Logged  

I'd opt for choice 1.  I would take BEC in August and try to take FAR in November, regardless of whether you pass BEC.  BEC will have a written portion added, but that shouldn't be a big deal.  Even the addition of IFRS topics will likely be very basic since it's the first time it's being tested.   



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anewfoundsin
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Joined: 08 Jan 2009
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Posted: 27 Jun 2010 at 12:54 | IP Logged  

Are a good writer? If not, def try to pass bec before 2011 as that's my
primary goal. If you are an excellent writer then focus on far. Plus they
will be graded more the written comm in 2011. Like the last person
mentioned, I don't think the ifrs additions will be a big deal but I'm still
studying my butt off to pass before yr ends as should anyone else. If
u are strong in acct go with choice 2 but if that extra time to review, go
with I mentioned eariler. Good luck.

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PASSED: FAR, BEC, REG, AUD 2011
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kaylee712.
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Joined: 20 May 2010
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Posted: 28 Jun 2010 at 13:04 | IP Logged  

I agree with anewfoundsin: the written communications in BEC will be uncharted territory for a while. Right now, we know what kind of written communication questions are asked in the other three sections and can prepare for those. In addition, BEC will have questions on:

  • Global business concepts
  • Strategic Planning and
  • Operations Management Theory-and might come up in WC.      So getting BEC and FAR done this year would be a very worthy goal indeed!

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bobthecpa
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Joined: 27 Mar 2010
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Posted: 28 Jun 2010 at 22:49 | IP Logged  

Option 2.

I think you could cram both in this window, but I'd be concerned
about only 4 weeks of studying for FAR. If you could cut down on
BEC a week or two, then I'd be more confident. Two to three
weeks on BEC is enough (anything more could be a waste of time),
of course that depends on your familiarity with the material,
especially IT.

I basically did option 2 in reverse. I studied about 2 months for
FAR and took it in mid April, then studied BEC for 3 weeks and
took it in early May.

__________________
FAR (5/26) 79 Passed - Yaeger/CPAexcel
BEC (5/21) 80 Passed - CPAexcel
AUD - 8/31
REG - 10/15


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