FAR CPA Exam Tips

Tips for the CPA FAR Exam

With the controversial reputation that the FAR CPA Exam section has incurred, exam candidates need to mentally steel themselves for FAR. Fortifying yourself against FAR’s unique challenges requires time and concentration, so these specific tips are here to help you acquire both. To pass one of the most extensive exam sections, you should put these FAR CPA Exam tips into play as soon as possible.

FAR CPA Exam Tips for Studying

Align this advice with a CPA prep course you can trust to overcome the FAR CPA section.

    1. Put in the time needed to truly understand the topics tested.

      Of all the exam sections, the CPA Exam FAR section covers the widest range of accounting information. Establishing a firm grasp on the expansive FAR topics may require particularly extensive study, so don’t underestimate the amount of time you will need to review for FAR. You definitely don’t want to skip any study units, especially those containing the concepts you consider most difficult. Plan to study for a minimum of 6 weeks and potentially as long as 10-11 weeks so that you will not only finish every study unit in your CPA course but also reach a deep level of knowledge about each topic. You need to have genuine confidence in your comprehension in order to weather FAR, and building that confidence takes time.

    2. Be able to reword the information rather than simply recite it.

      A good gauge of your familiarity with the CPA Exam FAR topics is your ability to explain them in your own words. Expressing the essential truths about these topics in a new way demonstrates the mastery of the material that you will need to correctly answer the various types of exam questions. To pass the test, the CPA Exam FAR MCQs and TBSs expect you to apply the concepts behind the mnemonics, and memorized words and phrases will prove insufficient to the task.

    3. Get comfortable with t-accounts, journal entries, and schedules.

      Since you’ll have limited time to complete each question in FAR, you’ll want to make sure you’re proficient with T accounts, journal entries, and schedules. While you may not have to complete T accounts on the actual exam, you may need to create them in order to visualize and understand more difficult questions or simulations. Most candidates will encounter journal entries to some degree, and it is not unreasonable for exam questions to require the creation of a schedule, such as for amortization. As you study for FAR, you can practice these skills by creating journal entries for each relevant question, even when they are not required. Additionally, you should create T accounts on most of your study questions, as it will not only help you to become comfortable with using them come exam day, but it will also further solidify your understanding of complicated concepts. Finally, schedules should be completed in full during your studies so that you can practice quickly setting up and populating the schedule. Always fill in the entire schedule even when only a partial one is necessary, as this practice will best prepare you for tackling schedules in a precise and quick manner on exam day.

    4. Put in plenty of practice with MCQs and TBSs.

      Completing quizzes with MCQs and TBSs is another essential part of FAR preparation. This process indicates how well you are learning the material while familiarizing you with the format of the CPA Exam. The FAR CPA Exam section features 66 MCQs separated into 2 testlets and 8 TBSs presented in 3 testlets. To develop your endurance with this quantity of questions, quizzes should be a regular part of your review. Thankfully, the SmartAdaptTM technology of Gleim CPA Review is always ready to serve up plenty of quizzes. Each time you begin a new study unit, SmartAdapt presents a quick quiz covering the content of the study unit, and this quiz will determine your strengths and weaknesses with that content based on your responses. As you work through the course, SmartAdapt will direct you to review challenging concepts more thoroughly and will continue to quiz you on them until you prove to be acceptably proficient. SmartAdapt works with the largest test bank of unique exam questions on the market, so you won’t run out of questions, and our technology even provides detailed visual analytics of your quiz results so you can stay on top of your progress.

FAR CPA Exam Tips for Scheduling

Some consider the CPA Exam FAR section the easiest of the four because the content best reflects much of the information from your college accounting classes. Therefore, recent college grads who have their accounting coursework still freshly imprinted in their minds may want to take FAR first.

CPA candidates who have been out of school a little longer can also benefit from taking the FAR CPA section first. While you should commit at least 100 hours to studying for FAR, the broad scope of the FAR content may compel you to study even longer. If you take FAR first, you won’t have to include that extended study time in your 18-month window. Furthermore, only the FAR CPA material overlaps with that of the other three sections, so beginning your studies with FAR will give you a head start on your studies for AUD, BEC, and REG.

Despite these advantages to leading off with FAR, the FAR CPA section is also regarded as the most difficult – again, due to its breadth of subject matter – and this fact may sway your decision. You may be all the more inspired to tackle FAR first, or you may decide to get a few other sections under your belt before taking on FAR.

FAR CPA Exam Tips for Review

Whether you believe the CPA Exam FAR section will be the easiest or hardest section to pass, you’ll need CPA review that offers exceptional coverage of the FAR content and limitless access to your FAR study materials. Gleim CPA Review thoroughly addresses the areas of accounting tested on FAR, and we cover these topics with the attention to detail that prepares you for every possible question. To ensure plenty of study time, our Access Until You Pass® Guarantee provides constant, up-to-date access to our course as long as you are studying. Preview the Gleim CPA Review approach to the CPA Exam FAR section today with unlimited access to a free CPA demo!