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ssham1976
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Posted: 09 Jun 2009 at 22:44 | IP Logged  

NAN - GREAT SCORE IN AUDIT

HOW DID YOU STUDY FOR FAR  ANY INSIGHT WILL HELP

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Nan - Louisiana
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Posted: 09 Jun 2009 at 23:12 | IP Logged  

TYVM.

Becker FAR: F1 to F7 (GAAP) lectures as a group, F1 to F7 MCQs and sims as a group, then F8/F9 (Governmental) together, F7/F8 MCQs and sims.

After that: 2nd pass through all missed and uncertain MCQs, and concentrated review on all acronyms and memory aids.

Good luck.



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FAR - 85 - Nov 08
AUD - 98 - Feb 09
BEC - 88 - Apr 09
REG - 90 - May 09
Do it once, do it right, get it over with
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Nan - Louisiana
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Posted: 18 Jun 2009 at 20:45 | IP Logged  

kj_nyc wrote:
I wanted to ask you about the timing of your exams.  Did you study for just 1 part at a time or more than 1?  I see you had 3 months between FAR and AUD, 2 between AUD and BEC, and then 1 until REG.  Was there less material to study for REG and BEC so that you needed less study time?  I will be taking FAR July 2 and REG hopefully early Aug, then BEC by Oct 9 because that's when my NTS expires.  I'm worried about not having sufficient time to prepare for REG and especially BEC, given that it's taken me almost 2 months of steady study time during non-tax season hours for FAR before I've become sufficiently comfortable with the material, and it took me about 3.5 months to become comfortable with AUD....

1.  I studied for one part at a time.  I started working on the next part one or two days after the previous part.  Louisiana allows candidates 9 months on an NTS instead of the usual 6 months allowed by most other states.  I signed up for all 4 parts on my initial NTS, projected that I could prepare each section in 3 to 5 weeks, and expected to be done by the end of February at the latest.  WRONG!!!  Not only that, my NTS came back in only 3 weeks instead of the usual estimated 6 to 8 weeks, so it expired 10 days before the April/May window was over.

2.  I am working full time.  I studied about 4 hours per night on weekdays, most of the day on weekends, and took days off from work whenever possible to keep on track.  I also took several days off work right before each section to do a final cram.

3.  I got my review courses last August.  After several false starts I got rolling seriously with FAR at the beginning of October, and sat for the exam right before Thanksgiving.  I work for a government contractor, so FAR required more attention from me than the other sections.  I actually finished preparing everything on time, but hardly slept at all the last week.  FAR study time: 7 to 8 weeks.

4.  I didn't get much of any studying accomplished between Thanksgiving and New Years'.  I got rolling again seriously in early January.  I sat for AUD in the latter part of February.  I felt comfortably prepared.  AUD study time: 6 weeks.

5.  I jumped right into BEC.  I am the IT manager for our small office network; that helped.  I also actually enjoyed economics in college.  I sat for BEC on April 2nd.  I felt comfortably prepared.  BEC study time: 6 weeks.

6.  I jumped right into REG.  I had 7 weeks remaining until my NTS expired.  I lost the first week to studying because I was posting the Becker updates and tax law changes into my REG book before I got started.  During the tax lessons I spent a lot of time on the IRS website looking up unfamiliar forms and their instructions.  That helped me master the material, but slowed my progress down.  Business Law went fairly smoothly. However I didn't finish the basic REG material until I was a couple of days away from my test date of April 21st, and only had time to do an overview cram on the tax portion basics.  Remember that early NTS expiration I mentioned above?  I sure could have used the remaining part of the window to study.  I did NOT feel adequately prepared.  Actual REG study time: 6 weeks.  Desired REG study time: 7 to 8 weeks. 

Since FAR was my first test, and required me to re-familiarize myself with a lot of material, I left the testing center believing I had a 50/50 chance of passing.  I did reasonably well on the MCQs and the first sim, nailed the essays, and ran out of time on the 2nd sim.  I was pleasantly surprised with the 85.  [Hint: Do NOT try to use the formula functions on the exam spreadsheet.  They're no better than the primitive version of Lotus used with Windows 3.0.  That cost me 5+ minutes of exam time.  Use pencil and paper instead.] 

AUD seemed too easy when doing all 3 MCQs.  The test is supposed to give you harder questions on the 2nd and 3rd MCQ testlets if you're doing well.  But since there was no math to speak of I really couldn't tell.  I lucked out on the actual AUD sims on test day; the essay questions were right down my alley.  Still, I was shocked at the 98.

BEC seemed comfortable.  I believed I had really mastered the material, and could only think of 1 or 2 questions I messed up.  I was disappointed with the 88, then felt guilty for being disappointed.

REG was a bear.  The MCQs went very well.  The sims were awful.  Given the amount of stumbling I did on the sims, I must have made up for it by nailing the essays and the MCQs.  I was sure my score would be in the mid-70s, and the top of today's to-do list said "apply for new NTS."  I'm still staring at the 90 like a deer staring into headlights, but I'm not going to challenge it.

Good luck on your exams!



__________________
FAR - 85 - Nov 08
AUD - 98 - Feb 09
BEC - 88 - Apr 09
REG - 90 - May 09
Do it once, do it right, get it over with
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kj_nyc
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Posted: 18 Jun 2009 at 22:48 | IP Logged  

Nan, thanks a lot for sharing your experience, and congratulations again!  I'm glad to hear that your IT and economics background helped with the BEC.  I'm also a former IT person with an undergraduate degree in economics who changed careers to work in tax and simultaneously went back to school for the accounting degree to qualify for the CPA exam.
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terpfan101
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Posted: 22 Jun 2009 at 14:34 | IP Logged  

Nan - Louisiana wrote:

90 on REG. I had to check it again this morning to be sure. I was so certain my score would be somewhere in the 70s.

I actually did it. I’m still in shock. I actually passed all 4 parts on the first try in only 6 months, while working full time.

Well, 9 months if I count study time. I also gained 20 pounds. Now I can start exercising again and lose the weight.



Great job! Minus the weight gain. During my studying for FAR I didn't exercise at all and probably put on a bit of weight. I just felt like I had no time between tax season working and studying to go to the gym. I wish I had though as it would have reduced my stress.

Started to go to the gym regularly during my REG studying and it definitely improved my stress levels. :) Plan on keeping it up!


__________________
FAR 4/2/09 - 92 (rec'd 5/22/09)
REG 5/21/09 - 86 (rec'd 6/17/09)
BEC 7/16/09 - 91 (red'd 8/14/09)
AUD 10/09 10/2/09 - 97 (rec'd 11/16/09)

DONE!!!!!!

MD using only Becker
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