I just got my FAR score and passed with an 81.  I used the Wiley book and the Wiley online test bank.  Here's my plan:

Read the chapter.  Do the MCQs in the test bank.  Retake the ones you got wrong until you get them all right.  Do the sims in the book and online (some of the online ones are just awkward so I skipped them, I also didn't do the research ones in the book because that's awkward).  Take notes while you are doing MCQ's and make study sheets to help memorize.  Move on to the next module and repeat.

When you finish all the modules, go over your notes for each one, and take MCQs for each module until you are getting 85%.  At the end, start taking 30 question MCQs for all modules, each new test opting for only questions not seen before.  Do this over and over until you are getting 85%.  Make sure you read why you got an answer wrong and understand it. 

You'll have to get a new book for FAR.  There have been changes from 2011 to 2012... Last year I was doing a self-study with Wiley books. The information they provide is great.  You'll have to study really hard.  I didn't pass ANY exam with self-study in AUD, REG, and BEC..... I already scheduled my last exam for FAR in February 2012.  I decided that I couldn't keep going like this and maybe I'm not studying "right".  So I enrolled with Becker to review all 4 sections... It cost me 3290.00. That was a huge investment for me and my family.... My first class was last Saturday - today it's closed b/c of power outages in our WA areas...

Anyway, I've found it extremely helpful to keep me on track. Their software is awesome as it keeps track of your progress and even has a study schedule.... So far, I've been studying just as much as I was with self-study (a whole lot) but I feel a little better not going into it "alone".... We'll see if this makes a difference in my studies and retaining all the information - LOTS of information....

If you purchased your book through Amazon, you can send it back if you didn't write all over it and they'll give you a store credit....

I did that with my last year's books... They gave me about 20 bucks for each book.... Not much but at least it was something....

I have a hard time with motivation as I progress.... Nothing sucks more than when you're studying your butt off and to take the test and fail... I must say I was pretty heart broken and I almost wanted to give up.....  But when you've come so far in life and education... It's too early to give up... Keep studying!! and Doing the MQ's constantly - DEFINTELY spend time with the simulations......