Studying for FAR is a beast in itself. As I mentioned in my previous blog, finding time with a busy schedule is difficult. You have to sacrifice something, and it is usually sleep. I am in the middle of a very busy busy season, so time is even more critical. Making time count, is the key.
Ive found this concept even to be true in my work. As aspiring CPAs, we put intense pressure on ourselves to be detailed. Every analysis needs details to get to that number have to show to a client, but if we forget to see the whole picture, we will likely not be able to answer basic questions. From my past CPA exam experience, this is true for the exams. I might be able to calculate the details between the various assets of Section 1231, Sect. 1245, and Sect. 1250, but I might not be able to answer the basic questions of how an asset is defined. A perfect calculation to the wrong interpretation of the question is the wrong answer.
I know everyone is studying hard, but if you are like me you may get caught up in the details without really knowing the basics well. Take a step back and look at the question from a high-level before digging in. Truth-be-told, if you can approach any question by understanding the basic concepts and the context of the question; the more likely you will do on the exam. Good Luck!
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