[jeff]

AUD Resources:

Free AUD Notes & Audio – https://www.another71.com/cpa-exam-study-plan

AUD 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

AUD Score Release: https://www.another71.com/cpa-exam-scores-results-release

[kpmartin42]

Hi everyone! Currently I am waiting for my NTS but have been using Becker Self-Study since December. I plan to take my test the end of February. I am having problems with moving on to the next section because I feel as if I have not retained enough. I make high grades on homework..until I started A3 and started making 75s. I feel like A3 and A4 will be horrid..Anyone else having a problem with these sections?

[jackaroe]

Inventory Question.

FOB shipping means that once the stuff gets on the carrier the title passes on to the buyer. Why would the entity that shipped the stuff (relinquished the title) still keep it as ‘inventory' on its books? What would be the JE? I stumbled across this in an ‘evidence' question in the wiley testbank. TIA.

[jackaroe]

Inventory Question.

FOB shipping means that once the stuff gets on the carrier the title passes on to the buyer. Why would the entity that shipped the stuff (relinquished the title) still keep it as ‘inventory' on its books? What would be the JE? I stumbled across this in an ‘evidence' question in the wiley testbank. TIA.

[stoleway]

Jackaroe..

Shipping and destination are based on contract and the law.

GAAP dictates that these rules must be followed.

If you agree with the buyer on shipping or destination terms, do what GAAP requires you to do.

Hope this makes sense?

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

Jackaroe..

Shipping and destination are based on contract and the law.

GAAP dictates that these rules must be followed.

If you agree with the buyer on shipping or destination terms, do what GAAP requires you to do.

Hope this makes sense?

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[ladybossxo]

@kpmartin42

Hey! We are in the same boat! I am planning to write Audit in mid-February and I find A3 and A4 super super hard! I am leaving those two sections until the very end..

Good luck studying 🙂

CPA Exams Done.

[ladybossxo]

@kpmartin42

Hey! We are in the same boat! I am planning to write Audit in mid-February and I find A3 and A4 super super hard! I am leaving those two sections until the very end..

Good luck studying 🙂

CPA Exams Done.

[jackaroe]

Yet another Inventory Question (one of many) w/r/t – ‘evidence' in WTB simulation.

Inventory in transit (owned by the company) may NOT be included in inventory on the Financial Statements.

Where does this stuff in transit belong on the F/S. TIA

[jackaroe]

Yet another Inventory Question (one of many) w/r/t – ‘evidence' in WTB simulation.

Inventory in transit (owned by the company) may NOT be included in inventory on the Financial Statements.

Where does this stuff in transit belong on the F/S. TIA

[jackaroe]

Authoritative Literature

Does the exam list the entire contents of each standard to include the appendices? I noticed that in the Wiley Test Bank that it only lists the number of the appendix and doesn't list the contents thereof.

[jackaroe]

Authoritative Literature

Does the exam list the entire contents of each standard to include the appendices? I noticed that in the Wiley Test Bank that it only lists the number of the appendix and doesn't list the contents thereof.

[kpmartin42]

@ladybossxo I did not think it was too hard until I did the questions! I feel like those covered stuff that I don't even remember seeing! How is your studying going?

[kpmartin42]

@ladybossxo I did not think it was too hard until I did the questions! I feel like those covered stuff that I don't even remember seeing! How is your studying going?

[ladybossxo]

@kpmartin42

My studying is not too bad. I feel like I need to know the entire book. Out of all the chapters, I find A4 really hard. I read the chapter, did some multiple choice questions. and kept getting them wrong so I decided to leave it off until the end. How I wish they just remove that section.. lol.

How's your studying coming along?

CPA Exams Done.

[ladybossxo]

@kpmartin42

My studying is not too bad. I feel like I need to know the entire book. Out of all the chapters, I find A4 really hard. I read the chapter, did some multiple choice questions. and kept getting them wrong so I decided to leave it off until the end. How I wish they just remove that section.. lol.

How's your studying coming along?

CPA Exams Done.

[Author]

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