[MasterCPA]

Hi guys,

I am sitting for AUD on 5/10/11.

For journal entry in AUD, I am pretty sure I will have some journal entry problems.

My question: Do I need to study every single journal entries in FAR book to answer journal entries problem in AUD?

I think it’s too much. I passed the FAR in first window but I have to revisit FAR to refresh my memory.

Please kindly explain the best way(Efficient way without spending too much time on FAR) to prepare for journal entry problems in AUD part.

FAR- (Passed)(1x)
AUD- (Passed)(5x)
REG- (Passed)(3x),84
BEC- (Passed)(2x)

[MasterCPA]

Could somebody answer to my question?

FAR- (Passed)(1x)
AUD- (Passed)(5x)
REG- (Passed)(3x),84
BEC- (Passed)(2x)

[yankeeaccountant]

@mastercpa,

I would ask you first what software you are using? I have Becker, which has many practice simulations to work. I also use the Wiley test bank, that also has quite a bit of simulations to practice. I think Audit is so different than FAR, that I wouldn't be concerned with journal entries as much as the content in Audit. I am taking Audit for the first time on 5/9/11. I am using Becker and Wiley to practice sims……..I think so far I had one sim that asked for journal entries. But it was so easy–not sure going back to FAR would be time efficient.

Good luck on tuesday.

[MasterCPA]

@yankeeaccountant,

Thank you for replying. I am studying with Yaeger+Wiley Test bank+Gleim MC Software.

I think these combo prepare me well for MCQ but I am worrying about journal entry problem in Simulation,

Whenever I encounter with journal entry problem in sim, I want to get it right.

I think actual exam's TBS is harder than Wiley TBS problems.

Good luck to you as well.

FAR- (Passed)(1x)
AUD- (Passed)(5x)
REG- (Passed)(3x),84
BEC- (Passed)(2x)

[rknight21]

you do need to know journal entries for the exam i would say. even if you dont do entries on the exam you need to understand how each entry affects certain financial statements…and you do not need to know all entries, just know the typical entries for

accruals(payables), revenues, expenses and assets. whether the account you can always put it into one of those categories so u need to know the general entries for those.

and i wouldnt say TBS are harder than whats on wiley, they are just different. the sims you see on wiley you will never see on the exam so seeing something for the first time will catch you off guard… also with everysims the hardest part is probably trying to figure out what to do… when thats accomplished then everything falls into place… but like i said the harder part is first figuring out what they want from you… good luck

[rknight21]

also do the sample exam on aicpa… they have a journal entry sims

[MasterCPA]

@rknight21,

Thank you for your advice. I will take your advice seriously and try to get familiar with typical journal entries.

I really have to learn and practice how to figure out what TBS want from me. I agree with you. It seems like I always

struggle more with TBS problem because I lack that point.

I will also try AICPA sample problems as well. Thank you!!!

FAR- (Passed)(1x)
AUD- (Passed)(5x)
REG- (Passed)(3x),84
BEC- (Passed)(2x)

[Author]

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