This section should be the easiest but it is not always. I have messed up before. Here are some things to keep in mind.
1. The correct answer lies in the prompt. Find key words from the prompt and use them in search
2. Once you locate the appropriate section of guidance, use search within to narrow it down further
3. The correct answer should answer the inital prompt exactly. If you find yourself trying to rationalize a piece of guidance back to the prompt, then you're not quite there yet. The correct answer should include several of the key words from the original prompt, sometimes, even a complete phrase. The correct answer is hardly ever (if never) in the introduction, background, or definitions part of any ASC codification/IRC. Go further down to the body of the codification. This is typically where it gives specific guidance on how to apply certain accounting/tax rules. REMEMBER: If you find yourself trying to rationalize a piece of guidance back to the prompt, by making assumptions or what not -OR- there are not that many matching key words in the that piece of guidance to the prompt, then you have headed in the wrong direction
4. If you find that you have headed in the wrong direction, don't dfreak out. Quickly pick another key word(s) from the prompt and start again. The correct answer lies in the prompt!!!
B - 83 Done
A - 88 Done
R - 81 Done
F - 77 Done
Ethics - Done
Attest Hours - Done
Licensed-May 2013!