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jemje2006
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Joined: 27 May 2010
Location: United States
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| Posted: 30 Aug 2011 at 21:21 | IP Logged
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i just took FAR today. reviewed 6 months, and i went through module by module. overall, i read the entire book 4-5 times. i can't remember how many times i practiced their 1400 MCs. it's really time-consuming. so i want to share some of my experience.
for those of you using 2011 wiley FAR book
1) their writing in module 14 defer tax SUCKS. it's just garbage.
don't use wiley to prepare defer tax topic. it's a waste of time. i read those things 3 times and still confusing. becker was much easier to understand. in fact, defer tax is an easy topic, but wiley makes it too confusing.
2) wiley's IFRS is not enough to handle those IFRS questions in the exam.
try to use other books to find more details. i already took FAR 2 times. each exam gave 8-10 IFRS questions.(may be more than that, i didn't count) i almost had no clue on 3-4 of them every time because wiley book never mentioned them.
__________________
REG 69, 7/15/2010 85 passed
BEC 71, 8/30/2010 80 passed
AUD 62, 2/10/2011 79 passed
FAR 40, 8/30/2011 79 passed
CA candidate
all done!!!
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KMCPA
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| Posted: 30 Aug 2011 at 22:01 | IP Logged
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I agree i used Wiley for IFRS and dont think it covered
enough.
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BEC - PASSED
REG - PASSED
FAR - PASSED
AUD - PASSED
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gailxadri
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| Posted: 31 Aug 2011 at 09:13 | IP Logged
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Hi jemje, Thanks so much for posting right after the exam while the experience is fresh in your mind! I started studying for FAR a couple of weeks ago and I'm using the Wiley book and the online MCQs and Sims, so I really appreciate what you've said about specific sections. And same to KMCPA, good info! I hope you two were successful!
__________________
If all goes according to plan:
FAR OCT 29 2011 - 81
AUD MAR 07 2012
REG JUN 07 2012
BEC OCT 27 2012
ILLINOIS
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stormyhotel
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| Posted: 31 Aug 2011 at 23:58 | IP Logged
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Ill have to agree. You will be at a great disadvantage as
far as IFRS is concern. I made it a point to focus on IFRS
for my final review using Wiley but still was ill
prepared.
__________________
Bec 05/2011 - 80
Audit 08/01/11 - 81
Far 08/31/11- 80
REG OCT 11/31/11 - 79
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stormyhotel
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| Posted: 01 Sep 2011 at 00:12 | IP Logged
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How do you really know when a testlet moved from mediumm to
hard or vice verse? Answer seems obvious but am not
convinced. Is it based on steps involved in solving a
problem? obscured topics?
__________________
Bec 05/2011 - 80
Audit 08/01/11 - 81
Far 08/31/11- 80
REG OCT 11/31/11 - 79
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Topic: 2011 wiley FAR book. my own experience
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