For IFRS study the reports that need to be published the first time you switch to ifrs reporting and also everything that needs to be updated or reported and for how long when switching to ifrs reporting
Joined: 19 Mar 2010 Location: United States
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Posted: 08 Mar 2011 at 09:08 | IP Logged
Can I ask what prep method you used? How many sims all together? What
were the sims like?
I'm using Becker so I'm pretty comfortable with the MCQs, and I'm ok on IFRS
but I need to review some stuff. I'm more worried about the format of the
exam as I've never taken it. I did a mock sim yesterday with j/es for
consolidations and aced it, which made me happy :-) but worried about the
others...
Joined: 16 Jul 2009 Location: United States
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Posted: 08 Mar 2011 at 11:27 | IP Logged
There are 7 sims, of which, 2 can be research questions. The sims are usually short and ask you to either make calculations, journal entries, select from drop down box or a combination of all three. Sims can be drawn from any area in FAR outline unlike for REG, where the sims are strictly from TAX.
The key for these exams is pacing yourself well, esp with the sims be 40% of your grade.
__________________ Done, passed all on the 1st try
BEC 87
REG 81
AUD 88
FAR 86 Rescheduled to Jan 2011
Joined: 13 Jan 2009 Location: United States
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Posted: 11 Mar 2011 at 21:33 | IP Logged
Wandabarbie wrote:
I am kinda scared of the IFRS questions. So what your suggestions will be for studying the IFRS questions?
Thanks! Hope you will pass!
I had a total of 6 IFRS questions. I actually only studied IFRS questions for maybe 2 hours. I knew there weren't going to be a ton of IFRS questions, so I wanted to make sure I understood U.S. GAAP first. I barely understand GAAP, so I was only able to study IFRS for a couple hours. But, I'm glad I didn't study more than that because I only got 6 questions, and they were pretty easy.
__________________ I'M DONE!!!!!!
BEC- July 22, 2009 PASS
REG- February 26,2010 PASS
AUD- July 7, 2010 PASS
FAR- February 11, 2011 PASS! Last attempt before BEC expired
Joined: 20 Feb 2011 Location: United States
Online Status: Offline Posts: 69
Posted: 16 Mar 2011 at 16:31 | IP Logged
Hello,
I have questions for candidates who took their exam AFTER
2011. I will take FAR on 4/1/11.
- I am doing Becker, and ratios are put into ANCILLARY
materials. It means that it is very unlikely that ratios
will be tested on the actual exam. * Were there a lot of
questions related to ratios? If so, which ones did they
ask?(If you still remember).
- I have completely skipped the part on Business
Combinations, where we have to do elimination and
intercompany JE. Were there many questions on that as
well? I can do the calculations for goodwill. I just
freaked out when I saw simulations that were related to
elimination JE on the becker software. I dont know how to
do that.
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Topic: Overall exam thoughts
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