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CPA-FAR exam

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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…

The Uniform Certified Public Accountant examination is a credentialing exam for professionals seeking to become CPAs. It is graded by AICPA (American Institute of Certified Public Accountants) and administered with NASBA (National Association of State Boards of Accountancy).  CPA Exam Format: The CPA exam consists of 4 sections. Auditing and Attestation (AUD) Regulation (REG) Financial Accounting and Reporting (FAR) Business Environment and Concepts (BEC) There are 3 types of questions in the CPA exam: Multiple-Choice…

Cracking regulation is not a very easy task, as the whole subject is very new but when you understand each and every concept then it’s one of the most interesting subjects. The strategy which works for me is as follows: I go through lectures of each module at a time then make notes on my own which helps me to understand it in a better way. I used to do MCQs, skill practice, and Sims…

FAR (Financing Accounting and Reporting) is one of the sections in the CPA exam. It covers topics like financial statements, GAAP, reporting, and financial transactions. The CPA aspirants consider FAR as a challenging section because of its length. CPA FAR Exam Format: The FAR section starts with two multiple-choice testlets containing 33 MCQs in each testlet. Later, you are allowed to start two testlets which contain 8 task-based simulations. Question Type No of Questions Multiple-Choice…

The below is the Preparation strategy I followed section wise: FAR: Since FAR is the lengthiest among all the sections, I made a study plan to cover at least one module per day and to cover its MCQ’s along with the simulations.During weekends, we have to make the best use of time and to cover maximum possible and to make sure that we cover the pending simulations of the previous week if any.Since it is…

Everyone has different strategies and plans to study a subject. But, others’ feedback will give you the much needed clarity while moving forward with your studies. Hence, my strategy. First of all, I took live classes of Sripal sir and Suraj sir and then took Becker lectures (especially of Peter Olinto). After taking the lecture, I generally made my own notes which definitely was time-consuming but it helped me during the last days of my…