Are Pensions the hardest topic on FAR?

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  • October 4, 2011 at 5:34 pm #162053
    jjm1181
    Participant

    I cannot seem to get a good understanding of the topic. I know I shouldn’t skip it completely, but dang I don’t understand it.

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  • October 4, 2011 at 6:02 pm #301391
    Skippy1997
    Member

    I agree on pensions and would throw in consolidated financial statements as the two topics I had to review the most. Good luck on your studying, FAR is such a joy for all to enjoy!

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    October 4, 2011 at 11:42 pm #301392
    Anonymous
    Inactive

    @Skippy i agree on consolidated F/S.

    @jjm

    Actually pensions are not as bad as you think.

    October 5, 2011 at 12:39 am #301393
    jjm1181
    Participant

    @Another74PCA

    Any advice on material to use to learn Pensions? Am using Becker right now and I'm not understanding very well.

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    October 5, 2011 at 3:47 am #301394
    Anonymous
    Inactive

    – For the pension focus on the difference between IFRS and GAAP (which has only one difference)

    – Know how to calculate pension expense from a bunch of data

    – And know what goes into OCI are they negative or positive. (Think of gains decreasing and losses increasing)

    October 5, 2011 at 4:58 am #301395
    Anonymous
    Inactive

    @jjm lol i'll let you know next month. I'm studying for AUD right now.

    Jack Don is right though. You have to know each individual line if its positive or negative.

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