[rsiddiqui]

I am in the review phrase for the exam and i heard on this page that there I should review Journal entries for the audit exam. Where in becker does it show journal entries, as i want to make sure I am prepare

[Want2BeCPAsoBad]

I didn't see any journal entries on Roger but I took AICPA sample test and it did include a simulation for journal entries. You can take it at the AICPA website.

[rsiddiqui]

thanks for that i will take a look at that, does anyone else have any ideas

[Me!]

Hi,

This link has been posted many times before and it is extremely helpful!

https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

[rsiddiqui]

thanks, should i review all of them, or does some apply to the far only

[BBHYX]

There's a module in audit becker for Adjusting journal entries

[Me!]

I would say look at all of them…at least be exposed to them. I had an AUD sim that when I saw it I thought, “Geez, am I taking FAR?!!!” AUD adjustments are from FAR section, I mean we are auditing financials so it makes sense to look at all of them.

[Mike J]

Sometimes you can get too close to something you study and study and study. It would happen to me.

As an auditor you have to know what you're looking for. So when you have to find and/or correct an error, first think of what that journal entry should look like. eg am I increasing or decreasing an asset? Should something be expensed (debit an expense) or capitalized (debit an asset account)?

To explain the behavior which gave way to a particular ratio, journal entries are a tremendous help. When in doubt, sketch it out.

So, don't worry about rote memorization so much as be VERY comfortable using journal entries to explain (a) what you're seeing; (b) what it should look like if wrong; and (3) how to correct it.

Memorizing will come with practice and the right perspective.

You'll be fine. Good luck!

[Author]

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