[Anonymous]

I’m using Becker study material and supplementing my final review with the Wiley Test bank.

When I was going through the Wiley questions, I was really confused because it was asking all these really specific questions about NFP Hospitals and the information they provided had the F/S required for the hospitals as the Balance Sheet, Statement of Operations, Statement of Changes in Net Asset, and Statement of CF.

I’m redoing Becker’s questions now and I just had a question about NFP hospital required F/S and they list them as being the Balance Sheet, Statement of Activity, and Statement of Cash Flows.

I’m tempted to believe Becker is correct, just because the last time I took FAR I failed and was using Wiley. Maybe Wiley is being unnecessarily specific? Just wanted to see other people’s thoughts.

[GoVPI]

Well I just got out of Govt and NFP Acct course, from my final review:

For NFP organizations: Statement of activities, balance sheet, statement of cash flows.

For NFP organizations health and welfare: The three above + statement of functional position.

I don't know if this helps but its the closest I could find.

BEC 8/14/14 - Passed
Graduated from college 12/13/14
AUD 8/31/15 - 74. Retake - Passed
REG
FAR

[GoVPI]

Well I just got out of Govt and NFP Acct course, from my final review:

For NFP organizations: Statement of activities, balance sheet, statement of cash flows.

For NFP organizations health and welfare: The three above + statement of functional position.

I don't know if this helps but its the closest I could find.

BEC 8/14/14 - Passed
Graduated from college 12/13/14
AUD 8/31/15 - 74. Retake - Passed
REG
FAR

[mrsimple]

I just saw this problem as well. Its a little different in Wiley TB vs the text in Becker. Can someone clarify?

Thanks!

FAR - 44, 63, 65, 77
BEC - 57, 77
AUD - 68, 62, 71, 89
REG - 66, 79

CA Ethics: 94

A setback is a setup for a comeback

[mrsimple]

I just saw this problem as well. Its a little different in Wiley TB vs the text in Becker. Can someone clarify?

Thanks!

FAR - 44, 63, 65, 77
BEC - 57, 77
AUD - 68, 62, 71, 89
REG - 66, 79

CA Ethics: 94

A setback is a setup for a comeback

[Anonymous]

I don't know which one is right lol. FAR is hard enough as it is…it's obnoxious to run into stuff like this. My instinct is to assume Becker is right just because they have the best reputation as far as study materials…but you never know if that question on Wiley was pulled from AICPA released questions or not

[Anonymous]

I don't know which one is right lol. FAR is hard enough as it is…it's obnoxious to run into stuff like this. My instinct is to assume Becker is right just because they have the best reputation as far as study materials…but you never know if that question on Wiley was pulled from AICPA released questions or not

[Kimboroni]

My college textbook (c 2013) says “Financial statements required for private sector not-for-profit hospitals include the Statement of Operations, Statement of Changes in Net Assets, Statement of Financial Position, and a Statement of Cash Flows.”

Providence runs NFP nongovernmental hospitals, and here are their financial statements:

https://www2.providence.org/phs/Documents/financials/F_202247_13_ProvidenceHealthServices_FS_with%20attachments.pdf

AUD 84 (1/9/14-Wiley books/TB + free materials)
FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

[Kimboroni]

My college textbook (c 2013) says “Financial statements required for private sector not-for-profit hospitals include the Statement of Operations, Statement of Changes in Net Assets, Statement of Financial Position, and a Statement of Cash Flows.”

Providence runs NFP nongovernmental hospitals, and here are their financial statements:

https://www2.providence.org/phs/Documents/financials/F_202247_13_ProvidenceHealthServices_FS_with%20attachments.pdf

AUD 84 (1/9/14-Wiley books/TB + free materials)
FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

[Anonymous]

I'm just wondering why Becker, out of all the study softwares, would specifically list a wrong answer. It doesn't really make sense. Maybe they only listed the statements you would need to know for the test?

[Anonymous]

I'm just wondering why Becker, out of all the study softwares, would specifically list a wrong answer. It doesn't really make sense. Maybe they only listed the statements you would need to know for the test?

[Kimboroni]

Not sure. But Becker can make mistakes like anyone else can. The Statement of Activities is the same thing as the Statement of Operations. So no problem there. I think the only discrepancy is whether or not you need the Statement of Changes in Net Assets. Providence has that one.

AUD 84 (1/9/14-Wiley books/TB + free materials)
FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

[Kimboroni]

Not sure. But Becker can make mistakes like anyone else can. The Statement of Activities is the same thing as the Statement of Operations. So no problem there. I think the only discrepancy is whether or not you need the Statement of Changes in Net Assets. Providence has that one.

AUD 84 (1/9/14-Wiley books/TB + free materials)
FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

[Author]

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