[futureCPA12]

Becker Question –

Just came across this MR. DIM REPPORTS CRAME…

This is god awful. Doubt I’ll ever use this. Any other bad ones?

[Anonymous]

@mintsrgood, RAPMEAM has to do with the standard auditor's statement. Funny, I can remember the mnemonic but not what it stood for. I'm sure it will come to me in the middle of the night when I'm staring at the ceiling thinking about taking FAR at noon tomorrow, LOL.

[Anonymous]

@mintsrgood, RAPMEAM has to do with the standard auditor's statement. Funny, I can remember the mnemonic but not what it stood for. I'm sure it will come to me in the middle of the night when I'm staring at the ceiling thinking about taking FAR at noon tomorrow, LOL.

[jeff]

I now have a Nirvana song stuck in my head.

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[jeff]

I now have a Nirvana song stuck in my head.

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[I'm, Ron Burgundy?]

@ Jeff

If I could “like” that comment I would.

“I'm not the only one…”

"If you're going through hell, keep going"
- Winston Churchill

"I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
- Michael Jordan

BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
AUD: 78
REG: (74), 91
FAR: (71)

[I'm, Ron Burgundy?]

@ Jeff

If I could “like” that comment I would.

“I'm not the only one…”

"If you're going through hell, keep going"
- Winston Churchill

"I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
- Michael Jordan

BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
AUD: 78
REG: (74), 91
FAR: (71)

[nolifecpa]

@MintsRGood

DJN is right, its key words in the standard audit report in order. i also couldn't remember what it stood for until i typed this up

We have audited the accompanying balance sheet of ABC Company as of December 31, 20XX, and the related statements of income, retained earnings, and cash flows for the year then ended. These financial statements are the RESPONSIBILITY of the Company’s management. Our RESPONSIBILITY is to express an opinion on these financial statements based on our audit.

We conducted our AUDIT in ACCORDANCE with auditing standards generally accepted in the United States of America. Those standards require that we PLAN and PERFORM the audit to obtain reasonable assurance about whether the financial statements are free of MATERIAL MISSTATEMENTS. An audit includes EXAMINING, on a test basis, EVIDENCE supporting the amounts and disclosures in the financial statements. An audit also includes ASSESSING the ACCOUNTING principles used and significant estimates MADE by MANAGEMENT, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

REG-65,71,74,73,70,74,79
BEC-60's,60's,69,71,76*,78
FAR-67,66,65,79
AUD-54,60's,65,83*,69,80
*expired

DONE

[nolifecpa]

@MintsRGood

DJN is right, its key words in the standard audit report in order. i also couldn't remember what it stood for until i typed this up

We have audited the accompanying balance sheet of ABC Company as of December 31, 20XX, and the related statements of income, retained earnings, and cash flows for the year then ended. These financial statements are the RESPONSIBILITY of the Company’s management. Our RESPONSIBILITY is to express an opinion on these financial statements based on our audit.

We conducted our AUDIT in ACCORDANCE with auditing standards generally accepted in the United States of America. Those standards require that we PLAN and PERFORM the audit to obtain reasonable assurance about whether the financial statements are free of MATERIAL MISSTATEMENTS. An audit includes EXAMINING, on a test basis, EVIDENCE supporting the amounts and disclosures in the financial statements. An audit also includes ASSESSING the ACCOUNTING principles used and significant estimates MADE by MANAGEMENT, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

REG-65,71,74,73,70,74,79
BEC-60's,60's,69,71,76*,78
FAR-67,66,65,79
AUD-54,60's,65,83*,69,80
*expired

DONE

[MintsRGood]

So its “RAPMEAM” X2???? That's even worse!!! Ha!!!!!!!!!! 🙂

I bet whoever is charged with inventing these crazy mnemonics thinks they are a creative genius…I hope they don't use A71! 😉

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[MintsRGood]

So its “RAPMEAM” X2???? That's even worse!!! Ha!!!!!!!!!! 🙂

I bet whoever is charged with inventing these crazy mnemonics thinks they are a creative genius…I hope they don't use A71! 😉

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[W_HAMILTON]

When I was looking over the text one last time for my final review for FAR, I saw that I had written down “REGL ALE needs ID.” I was like, “what the heck is this?” Turns out it is basically elements of the financial statements (Revenues, Expenses, Gains, Losses, Assets, Liabilities, Equity, Investment by owners, Distributions to owners).

Really, Becker? You think we need a mnemonic for that?

For those that for whatever reason may want to recall the contents of my post in the future, here is a helpful mnemonic: WIWLOTTOLTFMFRFFARISTIHWDREGLALENIDIWLWTHITTOIIBEOTFSREGLALEIBODTORBYTWNAMFT

REG - 93 (7/30/13)
BEC - 90 (8/19/13)
AUD - 98 (8/31/13)
FAR - 84 (10/19/13)

[W_HAMILTON]

When I was looking over the text one last time for my final review for FAR, I saw that I had written down “REGL ALE needs ID.” I was like, “what the heck is this?” Turns out it is basically elements of the financial statements (Revenues, Expenses, Gains, Losses, Assets, Liabilities, Equity, Investment by owners, Distributions to owners).

Really, Becker? You think we need a mnemonic for that?

For those that for whatever reason may want to recall the contents of my post in the future, here is a helpful mnemonic: WIWLOTTOLTFMFRFFARISTIHWDREGLALENIDIWLWTHITTOIIBEOTFSREGLALEIBODTORBYTWNAMFT

REG - 93 (7/30/13)
BEC - 90 (8/19/13)
AUD - 98 (8/31/13)
FAR - 84 (10/19/13)

[Jimps88]

The MR DIM part is actually useful, “Mgt responsibility to Design Implement, and Maintain I/C” but the REPPORTS CRAME part that is supposed to help us with the Auditor Responsibility paragraph is just too long and random since most letters don't match up with words they are supposed to help us remember.

BEC 4/3/13 84
AUD 5/7/13 69, Retake 11/9/13 82
FAR 8/13/13 78
REG 10/11/13 85

Ethics CA (78%, 90%)

Done

[Jimps88]

The MR DIM part is actually useful, “Mgt responsibility to Design Implement, and Maintain I/C” but the REPPORTS CRAME part that is supposed to help us with the Auditor Responsibility paragraph is just too long and random since most letters don't match up with words they are supposed to help us remember.

BEC 4/3/13 84
AUD 5/7/13 69, Retake 11/9/13 82
FAR 8/13/13 78
REG 10/11/13 85

Ethics CA (78%, 90%)

Done

[Anonymous]

Hi, can someone tell me what “MR DIM REPPORTS CRAME” means?
I came across this thread but I'm unable to find it.

Thanks

[Author]

Replies