Friday, February 22, 2008

FAR Components

 

In the FAR section of the CPA Exam, multiple choice questions account for 70% of the overall score. Questions appear in 3 sets or testlets that adapt to your current skill level, meaning that the first set of questions are a medium difficulty level and if you perform well the next set of questions will get harder (and are worth more points) or if you perform poorly the next set of questions will get easier (and are worth fewer points).

The remaining 30% of the score comes from completing simulations, which are miniature case studies that require practical application of skills such as research, written communication, and spreadsheet design.

posted by CPA Exam Help at 7:50 AM


3 Comments:


  • I got laid off from one of the firms that are ranked right after the big four. I started in '05 and climbed the ranks real quick, and made Senior III level in basically 3.5 years. Since my old firm doesn't promote individuals to managers I had to buckle down take the CPA exam. I'm not the type of guy that can do things half a$$ so I studied my butt off and got the following scores (BEC 77, AUD 97, REG 91, FAR Score pending). So of course, being that I studied on average 100 hours for each section, my work obviously suffered. And this Monday, I found out I got laid off because my firm cut 5% of its work force. Basically, I'm on here to vent, and maybe get some sympathy.

    By Blogger Mark, At December 17, 2008 11:22 PM  


  • thanks for sharing the info about the numbers of hours you put in for prep.
    sorry about the situation...it's not as gloomy as it seems...if your firm didn't consider your studying as a way for you to become a better employee before they fired you, then maybe it was a good thing to get fired...in reality, we can't always have what we want all at the same time, right?

    By Anonymous Anonymous, At January 12, 2010 11:31 AM  


  • can anyone confirm that certain chapters are not material for simulations?

    I am fairly certain that I had read at one point that Gov't and Not for Profit were only multiple choice, along with possibly business combos.

    Can anyone confirm this?

    By Blogger Douglas, At April 21, 2010 7:31 AM  


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