Do you need to read the AFH, PHAK, and FAR/AIM all cover to cover, or just study as needed in them?

The FAR/AIM especially is a lot of information to actually study and remember
Things you should read and know, assuming you're working on your Private:
* 14 CFR Part 61: Subparts A, B (except the IFR section, 91.167-91.193), C, E.
* 14 CFR Part 91: Subparts A, B, C.

Things you should know, but you probably don't need to read the entire FAR on:
* Medical requirements (14 CFR Parts 67&68)
* 14 CFR Part 93: Special air traffic rules. Anchorage, Niagara Falls, northwest coastal Florida, Los Angeles, DC, NYC, Grand Canyon, and some other places have special flight rules. It's worth at least knowing the locations specified by the subparts so that you know to review the rules prior to flying in those areas.

Things you should be aware of their existence:
* Definitions. You'll find them in one of two places: <Part>.1, or Part 1. For example, you come across the term "Complex Airplane" in part 61. Go to 61.1 (specifically, 61.1b), and there's the definition. Or, you come across the term Administrator in many places and wonder what that means? It's right up front in 1.1. For a fun twist on this, find all three definitions of Night. :D
* 14 CFR Part 91 Subpart D (Special Operations)
* 49 CFR Part 830: NTSB (Reporting requirements after an accident or incident)
* 14 CFR parts 39&43: Maintenance and airworthiness details. The stuff you really need to know is in 91 Subpart E.

The AIM, PHAK, etc are more useful yet often dry and still have plenty of things you don't need to know in them. This is why there are so many third-party books available!
 
Things you should read and know, assuming you're working on your Private:
* 14 CFR Part 61: Subparts A, B (except the IFR section, 91.167-91.193), C, E.
* 14 CFR Part 91: Subparts A, B, C.

Things you should know, but you probably don't need to read the entire FAR on:
* Medical requirements (14 CFR Parts 67&68)
* 14 CFR Part 93: Special air traffic rules. Anchorage, Niagara Falls, northwest coastal Florida, Los Angeles, DC, NYC, Grand Canyon, and some other places have special flight rules. It's worth at least knowing the locations specified by the subparts so that you know to review the rules prior to flying in those areas.

Things you should be aware of their existence:
* Definitions. You'll find them in one of two places: <Part>.1, or Part 1. For example, you come across the term "Complex Airplane" in part 61. Go to 61.1 (specifically, 61.1b), and there's the definition. Or, you come across the term Administrator in many places and wonder what that means? It's right up front in 1.1. For a fun twist on this, find all three definitions of Night. :D
* 14 CFR Part 91 Subpart D (Special Operations)
* 49 CFR Part 830: NTSB (Reporting requirements after an accident or incident)
* 14 CFR parts 39&43: Maintenance and airworthiness details. The stuff you really need to know is in 91 Subpart E.

The AIM, PHAK, etc are more useful yet often dry and still have plenty of things you don't need to know in them. This is why there are so many third-party books available!
Of the 3 questions I got wrong on the private, one of them was a poorly worded part 68 question. And dammit if the examiner played stump the chump on it.
 
Of the 3 questions I got wrong on the private, one of them was a poorly worded part 68 question. And dammit if the examiner played stump the chump on it.
The good thing about part 68 is that it's perfectly valid to pull out the book and read the FAR during the checkride on that one.
 
Let’s add some specific context to the question…in your other thread,
You stated,
“bdoss2006” said:
“Clients wishing to cancel an activity must notify the instructor 8 hours prior to the scheduled lesson or will be considered a no-show and subject to a cancellation fee”

I have done about 8-10 lessons and about the same amount of hours.
Did “studying as needed” work?
It’s important to read them thoroughly enough to understand what information exists in those documents so that you know when to look something up on an “as needed” basis.
 
Let’s add some specific context to the question…in your other thread,
You stated,

Did “studying as needed” work?
It’s important to read them thoroughly enough to understand what information exists in those documents so that you know when to look something up on an “as needed” basis.
There was no reason to bring that into this thread.
 
That mnemonic should be banned.
No need at all for a mnemonic for that. Those shortcuts are for essential information that has to be memorized. There is no phase of flight where required equipment is subject to immediate recall. If it’s not flight-critical, don’t force students to use bandwidth memorizing it.
 
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