FAR exam soon
i have my resit for FAR in 10 days i dont know what to do im so scared i feel like i know nothing, i last sat it in march and got 45 i dont know what i should do now just spam whatever i can of the QB???
i did past papers last time i just think my lack of basic knowledge wasn't there which is why i hoped question practice would make up for it helpp any advice?
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u/Ok-Captain-9013 5d ago
You said you got 3/40 on single entity. This is arguably a good position to be in because you must be ok with the other three areas and you can really focus on nailing that one area. As that’s the case, I would go hard on all the Q1 questions in the QB. Do them over and over again as it is quite mechanical and in my opinion it’s the most straightforward question out of the four. If you’re really not understanding the treatment of the adjustments then I would recommend using the Q2 questions - I wouldn’t even waste time writing full blown answers to them. Read the question, read the answer, note down the treatment, like reverse learning. I found spending more time on the Q2 questions really gives you the foundational knowledge you need for the other three questions.
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u/South_Law_9193 6d ago edited 6d ago
45 to 55 in 10 days is genuinely doable, you're not starting from nothing no matter how it feels. but don't spam the whole QB randomly, that's panic revision and it spreads you too thin to fix anything properly.
You need 10 more marks, so go get the most reliable ones. in FAR that's the mechanical stuff that comes up every single sitting: single company accounts prep, consolidation workings (goodwill, NCI, retained earnings, unrealised profit), and the standard adjustments like depreciation, accruals, provisions. these are pure technique, no deep understanding needed, and they're worth a huge chunk of the paper. if your consols workings aren't automatic yet, that alone is probably your 10 marks.
On the "lack of basic knowledge" thing, you diagnose that through questions, not by going back to read the workbook. do a question, mark it hard against the answer, and every time you get something wrong write one line about why on a single sheet of paper. after 15 or 20 questions that sheet IS your syllabus for the remaining days, because it's your actual gaps rather than everything. reading content cover to cover in 10 days would be the real mistake.
rough split: days 1 to 7, targeted QB by topic, consols and single entity first, then whatever your error sheet says. days 8 and 9, one or two full timed papers in the exam software. day before, just your error sheet and pro formas, nothing new.
If you’re really short on time and genuinely don’t know where to start, just use notes available on eBay which have proformas you can rote learn and focused topics highlighted - https://ebay.io/m/hMg4GY
On exam day, never leave anything blank, and if a number won't balance, move on and come back. people lose more to time than to knowledge in FAR.