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Subject Topic: struggling with FAR(out of school 10 yrs) (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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Trystdy12
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Joined: 25 Aug 2009
Location: United States
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Posts: 69
Posted: 20 Sep 2009 at 15:24 | IP Logged  

I have been out of school for ten years now and FAR is my first goal in my CPA journey. I am struggling with the moster everyday. Even simple things like accounts receivable are a huge challenge.

Some days I really think maybe its not in me to do this. But at the same time i so want to do this.

I am taking becker and currently doing F4. Does anyone else feels that they are ridding a sinking boat?

I READ the chapter but the application of the concepts is a totally different beast. I think i understand the concepts but unable to solve questions.

Just trying to figure, is it just me?

 

 

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Mishkin
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Joined: 26 Jul 2008
Location: United States
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Posts: 26
Posted: 24 Sep 2009 at 11:36 | IP Logged  

FAR is hard for everyone, there are many concepts most of us never studied in school such as gov't acctg.

A big part of passing, is not just understanding the concepts but also understanding the assumptions AICPA makes in preparing the questions, so not only you need to know GAAP, you need to learn to think like AICPA which you can only do by doing as many questions as possible.  I would aim to do 50 correct questions on a workday - and never less than 35. 

If you get yourself to 90% of all MCQ answered correctly in each section of each chapter you will learn.  Just make sure to take notes of the questions you answered incorrectly and review those notes - many, many times.

Utilize the forum to understand concept that are difficult.

 

Good luck!

 

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