Hopefully..I can help friends here..who are trying to pass FAR I used both Yaeger and Becker..so I use combination of both..must know topics. Chapter 1. multiple/single income statement(write down many times)
chapter 2 -Long term construction contracts -installment sales -NONMONETARY EXCHANGE -partnership -INDIVIDUAL FOREIGN TRANSACTIONS
Chapter 3 -equity method (JE) -BUSINESS COMBINATION ACCOUNTED FOR AS AN ACQUISITION (CAR-IN-BIG) -INTERCOMPANY TRANSACTION
chapter 4 -DISCOUNTING A NOTE AT A BANK -KNOW HOW TO COMPUTE INVENTORY VALUATIO (page 209 in wiley book simulation 10 ..good practice question for this)
chaper 5 -rental agreement -BOUND AMORTIZATION TABLE (both discount and premium..know to creat table&JE..wiley book has a great practice questions) -convertible bond -TRANSFER OF ASSET/EQUITY -DEBT SETTLEMENT -CONVERTIBLE NOTE
chapter 6 -KNOW HOW TO CALCULATE PENSION COST chapter 7 -CASH FLOW BOTH INDECT AND INDIRECT chapter 8 JE GOVERMENT FUNDS chapter 9 -KNOW RECONCILATION OF GOVERMENT FUND
Note. -Wiley book sims ..in my opinion very close to real sims. -Practice research questions(Look for keyword )..if you can get both 2 right..you need only 2 more tabs..another 3 tabs even you half guess,you will pass!..do not forget to practice research question from GOV and Non-Profit topics too..they are strange, -leave atleast hour and half for sims. -Practice many Multiple choice questions as you can -TAKE COUPLE DEEP BREATH BEFORE exams -GINKGO haha I took this too.I feel like I forget thing too fast(supposely promotes healthy Brain function) -DEACTIVATE YOUR FACEHOOK..if you like to check it too often
Good luck friends! You will be CPAs… do not give up!
I'm not sure if you are on 43 things. They had a must know list that I thought was pretty comprehensive of the exam (cash flows, bonds, Not for profit, govt etc). Those items are generally heavily tested.
I was weaker in Business Law & Individuals. Stronger in Ethics and comparable in all other sections. I actually don't even recall that many BLaw questions on the exam but I guess I need to focus on it a little more. I am almost through all the material again (should be done by Monday) which leaves a month for me to drill the MCQ's until I am BLUE in the face. Thanks for the advice.