I got bored today and decided to lurk on CPAnet and realized I forgot to turn back on public permission view. Sorry friends! I’m usually logged into my gmail account so the webpage loads automatically for me. If I didn’t check CPAnet, I probably would have never noticed that public permission was off.
Finally, I just want to say that I’m about 95% done watching Yaeger Lectures and will probably finish today. Earlier in the week I finished up Module 18 and started on Module 19 on Thursday.
Before watching Module 19 on Government Accounting, I was so worried that GOV would be a difficult lesson. Although it is 4 hours long, it’s really not that bad because most of the GOV concepts tested are very basic and straightforward. I plan to study the modified accrual basis more in depth, practice journal entries, and memorize/familiarize myself with unique the financial statements.
My only lectures left are:
Module 18E – (37 mins) – Foreign Currency Translation – (I left disk 12 on my desktop computer when I went to the library, so went ahead to disk 13/module 19)
Module 20p1 – (58 mins) – Not-for-Profit Accounting, Part 1
Module 20p2 – (30 mins) – Not-for-Profit Accounting, Part 2
Tomorrow, I will start compiling/re-writing my lecture notes to cut the fat and highlight the most important topics and concepts that I’ve forgotten. All of my lecture notes so far have been hand written. I will probably hand write them again for the compiling/re-write because I feel like I would be able to recall more if I physically write the words, instead of typing. The only purpose of typing them would be to publish and share my notes here. Then again, I wrote my lecture notes with lots of detail and definitions, so typing would probably be faster.
The hardest part of compiling my notes will probably be deciding what to keep and what to leave out. To me, everything is important and worth reading again, especially definitions, but I don’t want to waste time writing out every definition again because a list of definitions won’t really help me with concepts.
I want to finish putting my notes together by the end of the month and the most I can really see myself spending on re-writing is about a week. After re-writing them, I’ll probably focus on 1 module each day and practice the Wiley MPC’s again.
Now that Yaeger is almost done, I will be using CPA excel and Gleim MPCs more. So far I’ve only done about 250 Gleim questions because I’ve been using Wiley. I wanted to run through all 1800+ Gleim questions at least once which means I’d have to do around 80 questions a day for 20 days. I’ve done 40 questions a day for the past 2 days and it wasn’t that bad, especially with theory type questions involving no math. Honestly though, I don’t think I could handle 80 questions a day. Just having a timer ticking down on screen kinda drives me crazy. I wish there was an option to hide the timer or at least not show the seconds until the 5 minute mark.
I’m going to try and do the entire CPA excel course with the time that I have left, but probably won’t be able to get through it. There’s just way too much FAR material. On April 1, I will take the Diagnostic Practice Exam and limit my studying to the identified weak areas. I love the performance tracking on CPA excel, it’s freaking awesome that I can pinpoint my weak areas by topic and then subtopic.
I have a finalized list of topics, but I left it at home. So off the top of my head, here is a list of topics that I will be reviewing (again) and plan to have mastered before the exam:
- Bonds – 95%
- Deferred Taxes – 95%
- Leases – 50%
- Pensions – 0% (worst damn lecture module)
- Statement of Cash Flows – 75% – (I want to practice simulations and setting up my own Financial Statement)
- Inventory – 75% – mostly just need to re-learn Dollar Value LIFO and refresh concepts
- Derivatives – 50%
Percentages = Confidence level for answering MPCs by topic
I will post my CPA excel and Gleim stats later. It’s really hard to guess average MPC score for CPA excel because I’ve done around 40 out of 200+ study units. For Gleim, my 20 question test scores are about 70%. Although, I would only do MPCs over recently finished Yaeger lectures.
Tagged as:
2010 FAR,
FAR study thoughts,
FAR updates
