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CPA-FAR exam

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US CPA: According to the American Institute of CPAs (AICPA), the US CPA exam is scored on a curve scale of 0 to 99. The candidate needs to score 75 or more to pass the CPA exam and become a Certified Public Accountant. But, you might ask how to score that? No one understands CPA exam scores and grades. Does 75 mean percentage, marks, or points? Is the US CPA exam graded in a curve? …

The uniform US CPA exam consists of 4 sections: Financial Accounting and Reporting (FAR), Auditing and Attestation (AUD), Business Environment and Concepts (BEC), and Regulation (REG). When it comes to the hardest section among all the exams, everyone says it’s FAR.  Why is FAR largely considered the hardest? Here are some reasons. Everyone has their difficulty in the exam, but if we take the majority as consideration, then FAR is the hardest part of the…

This is Wasim; please find my strategy to prepare for CPA-FAR exam given below. – Don’t try to learn FAR like remembering theory, understand the concepts. – Finishing FAR in 3 months if possible, I finished it in 3 months. You need to study for 2 days of the week-ends and daily for at least 3 hours which is minimum (For working candidates). – Give 4 mini-tests per week for the modules you already completed…

CPA-FAR Exam: PRACTICE! PRACTICE! Practice was the main key in clearing my FAR Exam with 83. Followed almost the same strategy which I made during REG preparation. Conceptual clarity is must to crack any exam. This can be achieved through continuous practice and revising the chapters. Revising once and twice was not sufficient for me. So I kept on revising it until I am thorough with the concept. Because every time you revise, you come…

Hi Everyone, I’m Rishika. Here, I’d like to share my study strategy for the CPA-FAR section. As I walked out of the exam center, I felt an immense sense of relief, I looked at my parents and told them that I knew I was passing FAR. This was totally different from what I had heard people say after they gave their exams. Most of the feedback I got back from people giving FAR was negative…

CPA-FAR Section: Remember that everyone has different learning capabilities based on their retention capacity, their best time of day to study, past education, working experience. Keep note of all of these when you plan your studies. Below worked for me : Initial Reviews 1. Make sure that you go exactly as per the chapter flow of Becker & learning flow as well. Lecture (without pre reading), Skill practice animated video with exercise, followed by…

US CPA Exam A little caveat to begin with – I won’t call this a ‘tip’ or a ‘success mantra’ for passing your exams. All I am doing is giving my wisdom and hence a few or all of my exam strategies might or might not work for you. If you feel like some of these strategies are not suitable for you then stick to your belief and don’t get demotivated or inundated after reading…

Hi Everyone, this is Sumit Kumar Gupta. First of all, I would like to say you can do it for sure☺️. Now coming to strategy for studying CPA Exam(REG). In general, I would say that the most important thing you must do is avoid procrastination. Many of us are working professionals and have a busy season period, so it’s very important to be able to assess the situation and act accordingly. Be much more real…

The CPA-FAR Exam section covers topics like financial transactions, financial statements, GAAP, reporting for nonprofits. Most of the CPA aspirants consider FAR to be the challenging one among the remaining CPA exam sections because of its length. This exam is also considered as difficult because it tests the candidate’s understanding of statement presentation, financial reports, and business transactions using IFRS, GAAP, and governmental accounting systems. There’s also common to see topics like benefits of the…

The CPA-AUD Exam (Auditing and Attestation) section focuses on the examination entity’s processes, compliance, and financial statements. This section evaluates the understanding of standard auditing procedures, fundamental principles, gathering evidence, and internal control concepts, etc of the candidates.   Many CPA aspirants think the CPA-AUD exam is related to the FAR section; it is because there’s a minor overlap in the requirements of GAAP reporting tested on both exams. Yes, there’s an overlap, but that wouldn’t…