Monday, October 31, 2011
Wednesday, October 26, 2011
P.S. My FAR grade will be released next week and I'm silently freaking out.
Monday, October 24, 2011
Thursday, October 20, 2011
I'm still here moving along....
I'm up to Audit 3 which is Module 4 in Wiley (Audit Evidence).
There is definitely a lot to remember however I feel that if I just keep reviewing I will be able to pull it all together. I'm scoring okay on the MCQ'S but I would be lying if I said that I couldn't do better. I'm going to have to go through all of the cpa questions atleast once more to get a handle. Of course Roger isn't letting me down. His humor and jokes make studying bearable and less dreadful.
I will admit that although Roger does a great job at breaking it down I find myself looking through the Wiley book for explanations to questions and some insight to certain topics. I would say these books should be used in conjunction and not separately. I noticed someone on twitter mentioned that some things in the Roger book are not covered by the questions, this is true, however you have to read the Wiley text for certain areas in my opinion.
So that's my update so far. I plan on moving on to Module 4 on Sunday. I think it will be less painful compared to Evidence and Internal Control mostly due to the amount of questions.
Oh and P.S. I still don't have a test date because NASBA has yet to send me my NTS :(
Friday, October 14, 2011
I'm making good progress this week. Plugging right along through Audit 2. Audit 2 covers internal control, and operating cycles. I'm actually enjoying internal control. Operating cycles on the other hand is another story. I'm having difficulties separating the duties however I'm going to nail it before its test time. The best way to understand something is just to keep doing it and that's what I will do.
I really like the way Roger explains things. For example in the beginning of every chaper Roger briefly reviews what we learned previously. To me this is important because my memory has to constantly be refreshed. I also appreciate the fact that Roger goes over class questions.
Im really happy that I chose this cpa course. I'm feeling better everyday. As long as I keep up my same study habits I will be Ok. Slow and steady wins the race right?
Sunday, October 9, 2011
Week 1 studying is going well. My Roger CPA review Audit course is working wonders. So far I got through half of Audit 1. My goal is to get through all of Audit 1 and 2 by this week. Since I really want to understand it the first time around I'm focusing on the concepts and rationalizations rather then just trying to get through it. I feel that if I do it this way it will make my second and third review less painful.
I will admit that Audit is pretty interesting to me however it is relatively foreign. I have absolutely no audit experience. But I'm confident that Roger will get me through. Rogers CPA review book that is seriously priceless (and I'm serious). There is no way I could read the Wiley book alone and interpret half that stuff.
I'm taking a break for the rest of the day and I will be back to report again mid week.
Wednesday, October 5, 2011
Today I received my Roger CPA Review course for Audit. I'm super excited and ready to crack the books open. I made a schedule and I will be finished reviewing by November 3rd. That gives me over 2 weeks to review.
So now here is the fun part. Follow me while I give you my play by play on my Audit review.
The Roger course came with various CPA study material such as the Roger textbook written by Roger himself and the Wiley textbook for homework questions . There are 5 sections to review. I know that doesn't sound bad however there are as many questions as FAR to answer which means there is A LOT. Nothing like a good challenge right?
Sunday, October 2, 2011
I took FAR yesterday....
Where do I begin.
The first testlet wasnt bad at all. I got thru it in about 35 mins. Which was about 20 mins earlier then budgeted.
Second testlet was definitely harder. I got through it in about 45 mins.
Last testlet was CRAZY hard! My brain was fried after it.
Next up were the sims. I know I got the research right and I know I got one sim 95-100% right. There was one sim that I just guessed some of the answers. Another one was really tricky. Not because I didn't know it but because the wording was ridiculous. Seriously why does the AICPA go out of their way to word things so tricky.. just tell us what you want us to do...sheesh...anyway...
I finished the exam with 8 mins left. By that time I was so beat!
I will say that I was very careful to check my math. I'm glad I did because there were two questions that I calculated wrong at first and then when I re did it. I came back with the right answer.
Now the fun part begins....the wait. Whatever happens I know I put my ALL into it. I studied super hard. A day later and I'm still drained from the test. I'm taking a few days off until my Roger CPA review materials arrive for Audit.