Posted: January 15 2009 at 10:31pm | IP Logged

Welcome to FAR Study Plan Talk!

This is the place where you can put your FAR study plan in writing and put it in action.  Talk about your broad-range plans for tackling FAR as well as your nitty-gritty day-to-day study plans.  Compare and contrast with others about what works/worked for them and help each other "tweak" study plans accordingly.

Don't forget to check out the forum's area on Study Tools & Review Programs...that's the place where you can discuss, compare & contrast review programs, books and software.  You can find it here.
http://www.cpanet.com/cpa_forum/forum_topics.asp?FID=4

Good Luck with your Studies!
CPAnet

Posted: March 20 2009 at 10:54am | IP Logged

Hi all,

Just found out that I am done with my exam.

This is my story...

I started taking my exams from 2006. I had to take each exam 3 times in order to pass it. If you see my scores I had a lot of 71's. Every time I failed, I used to feel so terrible going back to my books  and starting all over again. And it was very difficult to study while I was working, I used to work for a tax firm and u can imagine the hours we work at a tax firm. Every time i fail my husband used to feel so dissapointed but still he would encourage me to take the exam again. My mom always says never give up on anything you do.

My husband and family are very proud of me.

Finally it has paid for me.

I want to share my success startegy with all u guys.

1) understand the concepts from book. (Sometimes we read through it and think we understood, make sure u really understand it.)

2)Do MCQ's repeatedly

3) Write down all the mcq's that u got wrong ( I tend to forget soon, this helped me a lot)

4) Write down all important points and formulas from each chapter (This will help you when you  do last minute revision i.e. may be 3 hours before exam.)

5) For communication part write down a format , beg, middle and ending paragraphs, so psycholigically u know that u can  write something, while u start writing ur thoughts  will flow automatically and u can finish the communication section. If u have time search in the research section , if ur lucky u may find something.

5) Never give up. If you fail i know that we all get disappionted, take little time to recover from  it but never give up what you want to do in life.

I finally understand why it took me so many attempts. Coz with each attempt my perfection improved. If you do all of the above anyone can pass on first attempt.

Today I am not ashamed to put my scores here...

BEC - 59,71,71,79 (LOST ONE CREDIT SO TOOK AGAIN), 76

AUDIT - 64,71,71,82

REG-   64, 76

FARE - 50,49(I DIDNT PREPARE WELL, MY FAULT), 64,76

I used to come to this site and read all ur experinces, now its my time to give back what i got from u all.

Thanks,

Brins

Posted: March 20 2009 at 1:50pm | IP Logged

Thanks for sharing Brin.  I have a similar experience as well...I passed all three parts...then credits all expired due to a medical condition and I've since been struggling to pass all four parts within the allowable time period.  I had to retake AUD and BEC twice to regain my credit status and today I am jumping for joy today when I realizes I am DONE!!!

to Everyone who's still studying - DON'T GIVE UP!!!

Posted: March 20 2009 at 3:45pm | IP Logged

Hi azsus2007,

Dont repent for leaving ur job. If you pass ur CPA u can get a much better job. And its difficult to study while ur woking full time, not that its not possible. Now you have all the time in the world to study and finish up.

Jrupa,

Iam sorry I have not saved the example template that I prepared. But you can refer to any audit or tax engagement and find it. Or else the best would be to prepare one from ur review material. Go through each and every commuication section and try to put together paragraphs that u can use for all.