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tkphotomania
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Posted: 08 Mar 2011 at 16:04 | IP Logged  

TaxProfMom wrote:
For those of you who did Becker, were there items
you felt Becker didn't
cover sufficiently?

I hope consolidations are on it, just for the sake I spent the last two weeks
re-learning consolidating entries and the various methods for subsidiary
accounting!

Thanks!

We aren't supposed to be specific, but I can tell you this: the exam covers
pretty much everything, but most questions are straightforward and
uncomplicated.
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catco
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Posted: 08 Mar 2011 at 17:08 | IP Logged  

For those of you who did Becker, were there items you felt Becker didn't cover sufficiently?

FAR ADVICE...

FWIW, I took FAR 2/28, which was my last section.  I mainly used BECKER as my study foundation.  I have passed every section first attempt with studying every chapter, every video, going through ALL the questions, simulations and final exams. If there were concepts I needed extra work on I sought those out as well. 

BECKER covers most everything BUT  in addition, go on CPA REVIEW for FREE, go through the AICPA last few years. This helped me with wording that was different from Becker. The wiley book did this as well.  

This is the only section that I felt that the amount of difficult concepts could eat up so much time on the test as well as the amount of calculations (verification with that stupid calculator) and easily know everything and still not pass.  Everything rom Time Management to IRFS through, Pension, Consolidation, Cash Flow, Bonds, Debt, Government and Non-Profit and I've only touched on the major topics that could be selected.  This section can and will test you on the minuet details as well as the concepts of the more difficult subjects.  For someone who told you that last window there was no Government and this window there was 20%, that's just the way it goes. They have so much data to choose from there isn't one thing that isn't fair game that can trip you up if they choose to put LOTS of questions on it.

This was the only section I actually MOVED my test date to the last day of the window for that reason, I felt I needed more time to review the stuff I thought I had down pat 7 weeks ago.

The only thing I recommend is control what you can - that is the amount of studying you need to do to feel prepared enough to have a command of the subject matter and push through that last week to review rather than try to figure out what they are going or not going to test.

Good Luck..

 

 

 

 



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Cathe
Colorado Board, NASBA

BEC,REG, AUD Passed 2010
FAR - 2/28/2011
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Beadman
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Posted: 09 Mar 2011 at 10:00 | IP Logged  

I would say Catco just summed it up pretty well.  I did the same thing in moving my test date to 2/28 to provide for more review time.  Additionally, I would recommend making your own kind of informal notes (regardless of what study materials you use).  I used the study material to learn the information and then made informal notes for each section of text explaining major topics in a way that I could more easily understand.  In the final week before my test, I mainly used these notes (and the mcqs) to review all topics before my exam date.



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Get busy living or get busy dying.

BEC - 80
FAR - 76
AUD - 74,83
REG - 78!!!
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pratik323
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Posted: 24 Mar 2011 at 22:08 | IP Logged  

I have questions who already took FAR in 2011. I am using
Becker and reviewing ch. 3 (consolidations). I know how to
calculate goodwill using the BIG IN CAR method.

But they have other specific topics such FULL and PARTIAL
goodwill method. Should i worry about that? Its sooo
specifc that I think I should not worry about. what do you
think? Were they on your exam? please let me know asap.
Taking FAR next friday. Thanks.
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pratik323
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Posted: 24 Mar 2011 at 22:11 | IP Logged  

racercpa wrote:
I just took FAR yesterday, my first CPA
exam attempt.  I studied full time for 6 weeks and
thought I knew all of my stuff.  During the test I was
getting very frustrated at the obscurity of some of the
questions.  Every IFRS question was about some random
disclosure and I did not even recall seeing it in
Becker... and I felt like my test was well over 20% gov
and NFP (my only weak area).  Overall the other questions
were fairly similar to Becker but less math and more of
the theory.  Also, I had 2 research questions in my
simulations, and I thought you only get one. All I can do
now is hope I passed and start Auditing...


I have questions who already took FAR in 2011. I am using
Becker and reviewing ch. 3 (consolidations). I know how
to calculate goodwill using the BIG IN CAR method.

But they have other specific topics such FULL and PARTIAL
goodwill method. Should i worry about that? Its sooo
specifc that I think I should not worry about. what do
you think? Were they on your exam? please let me know
asap. Taking FAR next friday. Thanks.
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