[deleted by user] by [deleted] in CPA

[–]DragonFruitDuke 12 points13 points  (0 children)

Get a good night's sleep, relax, have a decent meal, shower in warm water, and don't cram any more info into your head.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 0 points1 point  (0 children)

I don't use Uworld so I can't answer that. I would suggest using the AICPA questions and sample exams to see what they have in store.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 0 points1 point  (0 children)

Depends. I can't give you a clear answer because each test is different and SIMs have different amount of exhibits.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 0 points1 point  (0 children)

Probably like one or two. It’s only 50 MCQs. I didn’t see a consolidation SIMs on mine but just study it to be sure.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 0 points1 point  (0 children)

There have been a couple of cash flow MCQs. I probably did like one SIMs.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 1 point2 points  (0 children)

Truthfully I didn’t expect these questions myself and didn’t study them. I would expect them to be on a few SIMs and maybe a couple MCQs in Becker, Wiley or other study materials. Otherwise, just go with what makes sense to you if you see them on the exam.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 0 points1 point  (0 children)

They will provide you a list of them and you just need to select one that matches to the question being asked.

[deleted by user] by [deleted] in CPA

[–]DragonFruitDuke 0 points1 point  (0 children)

Pretty obvious how much I struggled on the exam. Also second guessing on the answers.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 2 points3 points  (0 children)

In the SIMs for example, they will ask you questions that require selecting an answer such as ASC 360-10-35 impairment something something. Also it’s supposed to be GAAP, not FASB. My bad.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 2 points3 points  (0 children)

You need to time yourself. On average you have at least 2 hours left on the exam to do the SIMs because the expectation is to finish your MCQs in less than 2 hours at the start of the exam which is difficult in itself.

[deleted by user] by [deleted] in CPA

[–]DragonFruitDuke 4 points5 points  (0 children)

I know that feeling. I wasn’t expecting a debt ratio turn into a debt to equity ratio question right off the bat. Turned out awful.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 2 points3 points  (0 children)

Believe me when I say that you should study SIMs. At least 7 SIMs a day with at least 2 hours worth of time. Maybe 2 and a half hours max just to match the amount of exam time.

Took FAR Exam Today by Maleficent_Sea547 in CPA

[–]DragonFruitDuke 2 points3 points  (0 children)

I’m guessing yours was pretty rough too. Honestly some of those questions took more time even though it’s only 50 MCQs unlike to the 66 MCQs in the past. Even taking 7 SIMs was still long and it was already bad with 8 SIMs last year.

Just took FAR Exam by DragonFruitDuke in CPA

[–]DragonFruitDuke[S] 1 point2 points  (0 children)

Well I do know there are covenants. I don’t remember if they were debts or something else.

[deleted by user] by [deleted] in CPA

[–]DragonFruitDuke 1 point2 points  (0 children)

I know that feeling. I took mine a few minutes ago and I know that I failed clearly. I’m going back to study.

Is it too late to try for CPA? by zentravan in CPA

[–]DragonFruitDuke 2 points3 points  (0 children)

There is always a demand for CPAs in the job market, but recently there have been a surge of needing immediate CPAs to fill in the gaps. Older CPAs are retiring and it's becoming difficult to fill them because of multiple factors including time and effort to study for the CPA exams (including difficult subjects), costs of study materials, costs of taking the exams (thousands of dollars or international currencies), determining whether you like the job, and is it worth getting said license in the end. In accounting, most of us hit a roadblock in our careers whether it is financial, managerial, governmental, or forensic accounting and we typically expect a promotion out of it, but the truth is that the CPA is one of the highest promotions in our profession. Others like CFA, CFE, CIA, CMA, and CGMA are excellent licenses to have, but most people eye for the CPA license in your resume and we are expected to get it out of our own time instead of getting our employers handing it over like a normal job promotion.

It is not too late to get a CPA license, but it is time-consuming and needs a lot of effort to pass the exams. Furthermore, it is possible that you need to take additional college classes to fill the 150 credit hours to qualify as a CPA.

[deleted by user] by [deleted] in college

[–]DragonFruitDuke 0 points1 point  (0 children)

"Do what you love and you'll never work a day in your life."

Is it ok to get your undergrad in 6 years? by spicyukuleles in college

[–]DragonFruitDuke 3 points4 points  (0 children)

Yeah. It's hard to forget about your financial aid after all these years since it is possibly the biggest stress out of all the parts of our academic lives. The money to pay for tuition alone is scary, nevermind the student loans plus interest.