Who here has taken FAR recently? What did they test you on?

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Financial accounting... no test is the same

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Lol^. I took it at the end of May. Hard to remember what was on it specifically, but I had a lot of governmental and not for profit questions. Sims are pretty difficult now. I ran out of time and I usually just fly through the multiple choice. This time it took me longer than I thought.

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Timing is the more difficult thing with this new format being 2 sims, clock stop 15 min break, 3 sims, 3 sims. No longer just give the bulk all 7 sims at once. Harder to manage your time and focus on ones you know right away. Advice is just to give it your best and not waste too much time on say the first 2 sims if you truly don't know how to answer them. Better time spent on next set where you could know material better

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@Crowe Horwath 1, I've studied for only two weeks for the FAR. But I didn't work and had no school during that time. I haven't seen a daylight during those two weeks! I'm sure you've passed!

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When in doubt, the answer is zero.

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I took it last fall, ran out of time and didn't finish two sims, but passed with 82. Got a lot of questions on land for some reason.

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I took it in May.. multiple choice heavily focused on NFP and Gov. but then had 0 of those topics for the sims, so an okay trade off imo. Sims obviously different for everyone but: subsequent events, cash flow, change in stockholders equity, foreign currency journal entries. All of the above touched on in Becker. But honestly the sims could be absolutely anything in that entire book. It's so difficult to study sims. You really just need to study the material and that translates into being able to answer Sim format questions

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^Amen 🙏🏻

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I know I just want a general idea

Whatever Becker says they test you on.

^Sims are pretty long. I ran out of time too. Didn't finish the last two.

Financial accounting and reporting

EY3 you are giving me some hope. I felt devastated knowing that I left the exam with two sims unanswered....without any guarantee that the other sims were right. I felt terrible for a couple of weeks. I would have preferred to have all the sims presented to me at once and not the way they are presenting them under this new format. I just have to wait until next month to see what happens. But clearly FAR is one of the toughest exam

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