Just completed some multiple choice questions from Wiley's CPATESTBANK.COM. I scored 90 percent on this section. The questions came from the financial accounting and reporting section. The topic was on accounting changes. Some test question referred to IFRS and other referred to GAAP treatment of errors in estimation and change from a not accepted principle to a generally accepted principle.
I believe doing the multiple test questions is the best way to prepare for the test since most of the test is going to be multiple choice questions. I still have to practice doing the simulation exercises. I haven't done any of them yet. I will keep you guy posted on future events. Later!