This is Wasim; please find my strategy to prepare for CPA-FAR exam given below.

– Don’t try to learn FAR like remembering theory, understand the concepts. 

– Finishing  FAR in 3 months if possible, I finished it in 3 months. You need to study for 2 days of the week-ends and daily for at least 3 hours which is minimum (For working candidates).

– Give 4 mini-tests per week for the modules you already completed (33 MCQs plus 1 or 2 sims).

– Prepare notes for each chapter. This will be useful for the revision.

– Prepare a one-line summary of each major concept of all the topics; one chapter shall be a maximum of one page. It means you have summarized the entire FAR in about 6 pages (I did it in 6 pages). Review once a week.

– Prepare separate summaries for formulas (good will amortization, impairment, partnership share allocation, etc.) this will be less than 10 pages for the entire FAR.

– Prepare a summary of limits (amortization of pension in 15/20 years, amortization of gain/ loss of pension subject to 10%, etc) this will take 2 pages for the entire FAR.

– Prepare a summary of mnemonics; this will take up to 2 pages for the entire FAR.

–  Watch all sims videos.

– Do the tests again and again.

– Most important, be honest and committed to studying.

Remember, you are writing the notes not only for the final revision, but it is a process during which you get clarity on accounting concepts, and your brain is registering the concepts during this process!

Hope this helps you!



Simandhar Education is India’s No.1 training provider for US CPA, US CMA, Enrolled Agent IFRS and HRCI professional courses.

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