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Feeling a little more confident

February 8th, 2010 at 03:43 am

I started doing Becker's Final Review course over the weekend and I think that course is like a godsend to me. I feel a bit more confident now about some of the material, especially the simulations.

I can say that I'm fairly confident about depreciation, the income statement, comprehensive income, and a few other topics. I think I have accounting for installment sales, percentage of completion, completed contract, and cost recovery down.

What has me sweating is consolidations, pensions, and government & not-for-profit accounting. But I haven't covered that in the final review course yet.

I am getting a little more confident on bonds, and the whole amortization and effective interest rate stuff. I was making a lot of silly mistakes before.

By now I'm sure I've lost most of you because all this will sound like greek unless you're in the accounting/finance world. Yet, I'm glad I didn't reschedule my test.

I'm not sure what it is about Becker's ACTUAL course that makes my eyes glaze over and I feel like I'm not retaining anything. Maybe cause there is soooo much? I mean, the book alone is over 1000 pages. It's overwhelming in itself.

The final review course is much more condensed and the lectures are now more than an hour at a time, some as little as 8 minutes. The focus there is more on showing you HOW to do the problems instead of the concepts (the course focuses more on the concepts).

Sure concepts are important, but I need to know how to do the problems to let the concepts REALLY sink in for me.

So we'll see how it goes. My panic is a bit more subdued and I'm feeling like I can actually do this after all.

Now, I'm just hoping I pass.

2 Responses to “Feeling a little more confident”

  1. minnie1928 Says:
    1265633626

    You'll do fine, if you've gotten those topics under your belt then you should be able to pick up the rest this week. Just remember to give yourself breaks while studying. Study for an hour, take a 15 min break just to clear your head. I found that when I just powered through that much, it just became a jumbled mess.

    I tried studying for the CMA by using Boston University online course. It was lots of reading too. Once I was done the course I took a sample test...scored a 58%. And that was AFTER I took the course!! Then I purchased a review product from ExamMatrix for $125. It was great! Within weeks of using the product, I was scoring high 80%s on simulated exams. Their product is all question based. They ask the multiple choice question, instantly tell you if you're right/wrong, then they show you the how/why for the correct answer. If you need additional information about the topic, then they point you to their reference book and tell you what page the information is on. All the questions are retired CMA test questions, so it's very realistic.

    Assuming that you'll be doing Becker on your next exam, why don't you do the review first, the book second, then the review again? The review could get your feet wet, the book could provide more in depth knowledge, then the review would put it all back together again.

    Just keep pluggin' away...you'll do just fine.

  2. creditcardfree Says:
    1265637934

    I agree. Just keep reviewing and going back over the information. It will sink in. It sounds like you know what you need to work on and that is good!

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