[styleforum]

I am up to the second lecture and the teacher is referring back to the BASE neumonic that he said we learnt in the first lecture. I dont recall learning it. does anyone know what page its on in the far 2009 book or what it is…? Also how woul di contact one of the teachers with a question?

[Shawna]

The same thing happened to me! It is not in the first chapter. I don't know what page it is but here is the formula:

B – beginning balance

A – additions

S – subtractions

E – ending balance

If I find it in the book I will let you know!

FAR- 70, 76 REG - 91 BEC - 80 AUD - 74, 85

GA - NASBA state

[Shawna]

Example of when you would use the formula is in Chapter 3 on page 14……..

FAR- 70, 76 REG - 91 BEC - 80 AUD - 74, 85

GA - NASBA state

[Anonymous]

I think the BASE mnemonic is essentially what you learned in college in your Accounting 101 class…..I don't think the mnemonic is any special formula. When you have to reconcile a set of numbers during the exam, I always find it's best to just use the old “T” account format, which is also the fastest and easiest way to memorize the reconciliation. I hope this helps 🙂

[Anonymous]

The only reason I remembered BASE in Becker was from the REG section. Once you get going in FAR, you will see it more and more.

[Anonymous]

BASE is a waste of a neumonic. It's really just a formula for common sense..begging bal + additions – subtraction = ending? if u have/end with 5 apples and began with 2 and bought 10, how many did you eat/subtract..

[styleforum]

thanks. i was just confused why he said we learnt it in lecture 1 if we didnt. anyways the problem isnt remmebering what b a s e stand for its knowing what to subtract and what to add in each specific problem question!

[Shawna]

Exactly styleforum! But after you work with the calculations throughout the section you will find it will come easier to you. I do agree with kroyal that the T account is easier and makes more sense.

FAR- 70, 76 REG - 91 BEC - 80 AUD - 74, 85

GA - NASBA state

[Anonymous]

I do remember the lectures saying something about learning it earlier but it really isnt a big deal gl!

[Author]

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