Best Way to Memorize FAR Journal Entries?

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  • #178262
    WestonM
    Member

    Any ideas? Only thing I can think of is to keep writing them out until my hand falls off.

    BEC: 93 4/18/13
    FAR: 89 7/3/13
    REG: 90 8/30/13
    AUD: 95 11/29/13

    DONE!

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  • #423089
    peetree
    Member

    Write em out till your hand falls of man.

    That is what I did for all of the extensive ones. (like bonds, treasury stock transactions, like kind exchanges) makes it a lot easier to remember/understand.

    FAR 02/21/13 - 95
    REG 07/02/13 - 87
    AUD 08/02/13 - 94
    BEC 08/30/13 - 85
    Ethics Exam - 90

    Illinois candidate awaiting his license

    Used Becker Self Study | Ninja Audio | Becker Flash Cards | Ninja Notes | Wiley Test Bank

    #423090
    IwannaBaCPA
    Participant

    I agree – practice and also try to understand the “why” of it. I tried doing the journal entries for MCQ whenever possible to practice more…

    You could try coming up with a mnemonic that may help u on exam day with your brain just won't focus. I think that helped me a bit.

    Good luck! Remember that they cannot test you on every single topic or little nuance but being prepared will certainly help you PASS!

    BEC: 79 - April 2011
    FAR: 78 - May 2011
    AUD: 81 - May 2012
    REG: 79 - October 2012
    Ethics: Passed - March 2013
    I am finally DONE!

    #423091
    WestonM
    Member

    I have a notebook of the “harder” journal entries from each chapter of FAR. Looks like I'll be copying these every morning for the next 13 days. Hopefully it comes in handy on the SIMs

    BEC: 93 4/18/13
    FAR: 89 7/3/13
    REG: 90 8/30/13
    AUD: 95 11/29/13

    DONE!

    #423092
    Anonymous
    Inactive

    I like the idea of understanding the JE's and knowing why you have to debit/credit different accounts. It seems like there were so many examples in the review material that memorizing them was pointless. And then even for ones that you think will be straightforward and can memorize, they will throw in some twist or use different wording that makes you think wtf?

    I dont know thats just my opinion. But i do alot of JE's in my job also so this may have helped me and is prob why im saying to understand vs memorize

    either way, good luck

    #423093
    Anonymous
    Inactive

    @ Weston, like you I kept a notebook of journal entries. I also tried to put them in t accounts whenever possible because it helped me visualize what journal entry it needed.

    #423094
    Anonymous
    Inactive

    @Beavis – i totally agree with you.. you should understand the JE.. it make the concept clear as well.. if you are working i am sure you would know the basic rules.. if you are not, thats a different story. Please try to understand them..

    You dont need to memorize the JEs… i am sure you know these rules, but just think of them when you read a concept and apply it.. i am sure you would know the entry yourself. you wont even need to go through the entry.. coz it ll be in your head..

    Debit what comes in, Credit what goes out

    Debit Expenses/ Losses, Credit Incomes/ Gains

    Debit an asset to increase / Credit and asset to decrease (vice versa for liability)

    If you mug them up, you ll screw up.. even if u mug up just remember these basic rules! they ll help at the time of crisis.. 😀

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