I need help with assertions/transaction cycles!

  • Creator
    Topic
  • #183042
    Anonymous
    Inactive

    Can someone please explain to me/ help me out with the assertions of completeness, cutoff, valuation, etc? I always seem to get these McQs wrong no matter how much I read the ever textbook. If someone can’t explain, can they direct me to somewhere or have good detailed notes that they could share?? I’d really appreciate it.

Viewing 4 replies - 1 through 4 (of 4 total)
  • Author
    Replies
  • #503839
    nishvik
    Participant

    I know that happens and you are not alone .I would say practice pratice and practice more mcq's thats how you will master here but with a word of disclaimer here tht dont memorize the mcq's thats the last thing you would want to do.Read the textbook after doing mcq's again it will take almost 2-3 reads to get that aaahaaa moment.

    Wiley explains this stuff in details so go to the library grab a Wiley book if your library has one copy

    Youtube some stuff and there are great videos that explain some of the stuff. Amanda Loves to audit youtube channel is very good she explains some of the stuff in simplistic manner,helped me to understand some of the stuff.

    You shall be fine, Keep working πŸ™‚

    FAR- 79 -->Becker self study, Final review & Flashcards
    REG -72-->Becker ,76-->Becker plus Wiley test bank
    AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
    BEC- 84 Becker plus Wiley Test bank

    I am Done !!!!

    #503883
    nishvik
    Participant

    I know that happens and you are not alone .I would say practice pratice and practice more mcq's thats how you will master here but with a word of disclaimer here tht dont memorize the mcq's thats the last thing you would want to do.Read the textbook after doing mcq's again it will take almost 2-3 reads to get that aaahaaa moment.

    Wiley explains this stuff in details so go to the library grab a Wiley book if your library has one copy

    Youtube some stuff and there are great videos that explain some of the stuff. Amanda Loves to audit youtube channel is very good she explains some of the stuff in simplistic manner,helped me to understand some of the stuff.

    You shall be fine, Keep working πŸ™‚

    FAR- 79 -->Becker self study, Final review & Flashcards
    REG -72-->Becker ,76-->Becker plus Wiley test bank
    AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
    BEC- 84 Becker plus Wiley Test bank

    I am Done !!!!

    #503841
    stoleway
    Participant

    To be honest, it will not help practising so many times if you don't understand the concepts.

    You will get to a point where it feels like you're memorising the questions and answers.

    I was able to understand the various assertions by making notes and memorizing them every day.

    You will be surprised how memorisation and note taking can help you develop a deep understanding of the various assertions.

    Good luck!!

    REG -63β”‚ 84!!
    BEC- 59β”‚70β”‚ 71 β”‚78!
    AUD- 75!
    FAR- 87!

    Mass-CPA

    #503884
    stoleway
    Participant

    To be honest, it will not help practising so many times if you don't understand the concepts.

    You will get to a point where it feels like you're memorising the questions and answers.

    I was able to understand the various assertions by making notes and memorizing them every day.

    You will be surprised how memorisation and note taking can help you develop a deep understanding of the various assertions.

    Good luck!!

    REG -63β”‚ 84!!
    BEC- 59β”‚70β”‚ 71 β”‚78!
    AUD- 75!
    FAR- 87!

    Mass-CPA

Viewing 4 replies - 1 through 4 (of 4 total)
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