My CPA-FAR Exam Preparation Strategy

Make your own notes: I studied CPA-FAR Exam in a sequence i.e. lectures/ Skill practice videos/MCQs / & SIM. I took screenshots of skill videos which I thought were important but there aren’t sufficient materials. I took down notes especially for tricky or new concepts from MCQs and SIMs. Also revised chapters that were completed previously / modules in the next few days. Took notes where I felt I was weak. Then did PRS for the first chapter and then continued with cumulative as and when I progressed. I also watched Mr. Sripal’s and Suraj’s recorded Videos wherever I felt I needed to. I usually googled when I wanted to understand something in detail. I revised materials at least twice along with most of the CPA-FAR Exam MCQs / SIMs. For a few chapters / modules I did the same revision thrice. I was going through my notes in between to keep the concepts fresh in my mind.  Initially I made handwritten notes but later, I started making notes in soft copies, which were around 60 pages, including screenshots of skill videos.  I have a habit of noting down the MCQ nos., which I feel are important and which I need to revisit during my review. Just before two days of my test, I read my soft copy of my notes. This was kind of a summary of the books in my mind.

Active in the forum: I was part of the Simandhar telegram / Becker FB group. Being active in the Becker FB group helped me clarify or understand my doubts. Sometimes, others’ doubts and clarifications also help you to recall the concepts. Most importantly, the group helps you understand the trends of the questions that were given in the previous tests.

Linking/Differentiation / Co – relating the topics/concepts:  Though the chapters are well organized, however, linking/ making differences between the similar topics in different modules/ chapters is another way to enhance retention. For example, repurchase agreement under Revenue Recognition & Lease chapters, Lease under F6 & F9, and CFs under F7 & F8/10. I also kept on revising the latest amendment and believe me; I had a couple of MCQs and one SIM purely on the last amendment.

Rework on weak areas: Every time I got an answer wrong, I would read all four options and identify the reasons where I went wrong and mostly note them down.  In my first mock, I got 80. Amidst my health issues, I took a second mock, and I got 72 and third, I could not take due to lack of time. In every mock and PRS, I reworked on my weak areas and took notes.

Last week or just before few days of test and test day: Since, CPA-FAR Exam is overwhelming, by the time your test date is nearby, you are already exhausted and it is obvious to feel lost. However, keeping yourself fresh and active is very important prior to the test.  Just before one or two days of exam, don’t stress yourself. It is obvious to feel completely blank on the day or prior of the exam. But, believe me; you will recall when you see questions as I have experienced this. Whatever you have studied, believe you are good to go. 

Gyan K  Chapai


Simandhar Education is India’s No.1 training provider for US CPA, US CMA, Enrolled Agent IFRS and HRCI professional courses.

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