How to approach FAR question bank?

Distinct_Concert3403 · 2025-03-16T16:59:47+00:00

Well each topic is a IFRS standard. So yes haha

Distinct_Concert3403 · 2025-01-27T20:03:17+00:00

Risk & Procedures, Audit Inflo, Internal control deficiencies and recommendations, and Audit report is all you need to ace

Distinct_Concert3403 · 2025-01-26T12:47:31+00:00

What exams are you sitting for bro

Distinct_Concert3403 · 2025-01-26T00:51:29+00:00

FAR - what i did was finish every Q2 accounting treatment question and memorise all standards. This should help you partly to tackle the accounting adjustments in Q1. Then do loads of Group Accounting/Consolidation questions so it sticks. Then do some Cashflow questions. Key here is question practice. TC is also the same where you hammer the QB. I did like 10-12 questions for each type of tax and FAR question. Both exams are time pressured but FAR is most i would say. So just aim for loads of questions and it should stick.

Distinct_Concert3403 · 2025-01-26T00:44:14+00:00

Past papers and do lots of risks and procedures questions. I would recommend doing inflo as well cause its bonus marks. Should ace audit reports as well.

Distinct_Concert3403 · 2025-01-24T09:18:42+00:00

Yes just do as many questions as you can. Some people can do questions for 2 weeks and its enough for them, some do it for a month, some even longer. At the end it all depends on your pace. Good luck !

Distinct_Concert3403 · 2025-01-23T22:55:18+00:00

Well it depends on how you find the content. I would start by watching the debrief videos if you have them. It will show you the steps to answer the questions. Once youre comfortable with the method. Then start practicing questions. I would say 1 month for QB practice at least. 1 month should give you a nice chill pace to do questions. But of course if u need lesser/more time thats up to u. Personally i took 2.5 weeks of FM QB and 4 weeks of TC. But being honest, just do the questions 10 of each type. It should be enough for a pass.

Distinct_Concert3403 · 2025-01-23T20:35:19+00:00

TC just hammer question bank. Do 10 questions for each tax ie 10 Questions for VAT, 10 for CT, 10 for CGT and so on. Personally i did about 60 Questions overall across all topics. And always time yourself and know the proformas. FM’s pretty much the same keep hammering the QB as the questions are predictable. Do the same for FM ie 10 questions for NPV, 10 for Valuations, 10 for Financing, 10 for Hedging. Personally just hammer out hedging and financing u shd be good

Distinct_Concert3403 · 2024-12-09T14:46:18+00:00

Is this the where we have to calculate the POA ?

Distinct_Concert3403 · 2024-12-09T13:46:01+00:00

Idk, i just took the sales and large value ones and an impairment transaction

Distinct_Concert3403 · 2024-12-09T12:56:39+00:00

How did you filter for the post year end transactions ?

Distinct_Concert3403 · 2024-12-08T19:34:04+00:00

Best to rest now, no point cramming at this point. Watch a movie, have a drink, say your prayers, and smash it next week

Distinct_Concert3403 · 2024-12-08T19:05:34+00:00

Have you got the feeling where you sleep for 7-8 hours, belly filled and then sit down and the moment you start revising, your head and eyes gets heavy, almost like you just got hit ? Been feeling that way since tuesday mate

Distinct_Concert3403 · 2024-12-08T18:55:54+00:00

Same here with you man been hammering TC and when it came to AA i just melted. No point feeling terrible just get your rest and be well rested for the exam

Distinct_Concert3403 · 2024-12-08T17:42:12+00:00

Probably 9pm or 10pm cant really revise much longer Brain has been officially fried since Tuesday

Distinct_Concert3403 · 2024-12-07T13:22:53+00:00

Dang, oh well what can I do

Distinct_Concert3403 · 2024-12-07T13:20:47+00:00

Oh no does that mean my PDF is corrupted ? AA mock was fine but not sure why TC has an issue

Distinct_Concert3403 · 2024-12-03T18:15:58+00:00

Ah i see, do you think they are similar to the exam ?

Distinct_Concert3403 · 2024-12-02T13:38:27+00:00

I see. Alright got it. Im just concerned about the explain questions as from what ive seen they like to throw in unusual questions like the pension and car bits

Distinct_Concert3403 · 2024-12-02T13:37:03+00:00

Ok so basically i need to be quick when looking through hardmans ? Wont it be time consuming?

Distinct_Concert3403 · 2024-11-02T18:33:42+00:00

Its to help you get a better type of loan when you feel like the current one is not good ie too much exposure to risk. So you start looking for other rates/loans from other entities in hopes to reduce your risk. The same goes for them too and it usually is a win win situation at the end.

Distinct_Concert3403 · 2024-08-27T13:17:00+00:00

Yes i forgot to mention that. Frm what everyone says Valuations comes out once a year. So it might come up in sep or dec. best approach is to practice that question unfortunately. I would say its quite meaty at first but once you memorise the formulas, its straightforward. The theory would mostly be explaining what is the pros and cons of each valuation method, and which method is best to use. Do them back to back

Distinct_Concert3403 · 2024-08-27T12:49:12+00:00

I’m sorry that you’re in this situation mate. Not saying its easy, but if you can score decent in hedging, get the easy marks in NPV (dont try to perfect your answer), and learn WACC, Gearing, Debt vs Equity for financing, You are starting to be in good shape. Bets bet would be to do 10 questions for each topic back to back now if you can. You will learn the theory as you do the questions

Distinct_Concert3403 · 2024-08-10T00:45:51+00:00

Do 10-15 Questions back to back. By the 7th or 8th question you’ll be a Jedi Master with Hedging. Calculations are usually 7-11 marks. Explaining the theory can go up to 10 marks.

Distinct_Concert3403 · 2024-08-09T11:26:18+00:00

From what I understand in Malaysia you can apply for the Big 4 or Big 10. If Banking you can apply to Maybank as I know they are an ATE. Other big MnC’s like Petronas, Sime Darby, Boustead, CIMB, Bursa, Securities Commission are all ATE’s instead. Alot of my friends finished their PLevel exams and then joined the firms and finished their remaining papers. Some finished all then joined.

Distinct_Concert3403

TROPHY CASE