FAR is a tricky little paper, which actually used to be 2 separate exams under the old ACA syllabus. This means that FAR is a difficult mix of very numbers-focused questions (Q1, consolidation questions) and narrative-focused questions ("explain the IFRS treatment").
As a bit of a "mixed bag", you need to develop 2 quite different skillsets, and this can be challenging.
On the plus side, if you can crack the "explain the IFRS treatment" questions, this will be very useful for the Corporate Reporting and Strategic Business Management papers at the Advanced Level. So keep all your notes and knowledge!
As with all the Professional Level ACA papers, it is vital that you use resources that force you to engage actively with the content: simply reading and note-taking is very unlikely to get the content into your brain!
For FAR, we offer our Rapid Revision Question Bank e-book which offers over a thousand short-form questions to help you learn both the narrative and number content through a self-test format. Actively testing your knowledge through questions is always the best way to deal with the volume of narrative content in this kind of paper.
We can also offer our Technique Improvement Service to review your Mock practice attempts to unlock further valuable marks through improvements in writing style, interpretation of the question and other factors.
Scroll down the page to learn more about our FAR offering.
Our Rapid Revision Question Banks provide hundreds of short-form questions to help you learning in a 100% active way, maximising the use of your scarce study time.
Click here to learn more and to order the e-book.
Contains over 1,000 short-form questions to promote active learning.
The 2023 edition of our RRQB is the eleventh edition of the book so you will benefit from a wide range of question types which we have developed over the years.
Often, students do not achieve their full potential in an ACA paper because they have not been told how to write, how to manage their time and how the marking works.
Our Technique Improvement Service (TIS) provides detailed, personalised reviews of your attempts at ICAEW Mocks or past papers.
You will receive advice on how to shorten or lengthen your writing style to ensure that you are picking up the marks you deserve.
You will receive advice on whether you are allocating your scarce answering time correctly through our expert knowledge of the markscheme and how marks are awarded in practice.
To really drive home our advice, we will provide you with a 2-3 page Technique Advice Report on each paper submitted. This includes our popular "5 Top Tips to Improve".
Just wanted to let you know, I passed my FAR exam. Actually, I scored 89 percent :)
Thank you once again for all your help! Hopefully, I will get over the line with this one and then enjoy my first break from exams in a two and a bit years! Couldn't have got this far without you!
Many thanks for your best wishes, I really appreciate all your help. I feel very relieved to have found your company - I can't imagine just going in with my experience as a distance learner, I definitely wouldn't have stood a chance!
Your annotations seem to be very helpful from the initial brief review of the comments, with some things that no-one had mentioned to me before, so I can straight away see an area that I can easily improve on.
Thanks for the feedback. This was really helpful and I will study it in detail. The feedback is exactly what I was looking for because it shows exactly how I lost my marks, bit by bit. I will definitely recommend TIS to others.
Would just like to say a massive thank you for all your help over the past 3 years! I really don't think I would be sitting here having passed all three of my finals if it wasn't for your help.
Thank you so much for this feedback. It is really great to read. Thank you for such a brilliant service so far!