Can I pass FAR w/out understanding bonds? - Page 3

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  • November 18, 2011 at 2:16 pm #162978
    CPA = Continuous Pain & Agony
    Member

    5 days to go and I still don’t understand bonds. Hated them in college, hate them now, will forever hate them. Convertible bonds, detachable and nondetachable warrants, stated rate and market rate, premium vs discount, blah blah blah!!!

    If I am comfortable in all other areas of FAR (maybe with the exception of diluted EPS), will I be okay going into this exam without understanding bonds?

    Can anyone share any pointers on how to understand bonds? Also, how difficult are the real exam questions compared to Becker’s insanely worded bond MCQ’s?

    Thanks in advance!

    B - 80 (10/06/11)
    A - 84 (01/03/12)
    R - 81 (02/16/12)
    F - 82 (11/23/11)

    Thank you Jesus!

    Used Becker Self-Study

Viewing 11 replies - 31 through 41 (of 41 total)
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  • April 13, 2012 at 4:42 pm #339121
    Anonymous
    Inactive

    CPA Convertible, in your post the example that you gave the JE doesn't seem right. Wouldn't it be Dr: Cash 900, CR: Bond payable 1000, and CR: Discount on Bond payable 100… ??

    April 13, 2012 at 4:46 pm #339122
    Anonymous
    Inactive

    Sorry, meant DR: Discount on BP 100

    April 13, 2012 at 4:47 pm #339123
    jenuno01
    Member

    CPAlikeaboss: It would be a DR for the Discount 😉

    Cash

    900

    Discount on B/P–100

    Bonds Payable

    1,000

    Class of 2012

    April 13, 2012 at 4:50 pm #339124
    Anonymous
    Inactive

    @ jenuno I am pretty brain dead right now, did'nt hit me until I saw it on the screen. lol! all good now

    April 13, 2012 at 5:03 pm #339125
    Anonymous
    Inactive

    Yes. Yes. you are right. LOL. I forgot most of my FAR now. Thanks for the correction.

    April 13, 2012 at 5:09 pm #339126
    Anonymous
    Inactive

    @CPAConvertible, lol I know exactly what you mean. Don't remember much of any of the rest except FAR right now. Good luck on your REG

    April 13, 2012 at 5:17 pm #339127
    Anonymous
    Inactive

    @CPAlikeaboss. Thanks Good luck on your FAR. Wish I had your REG.

    P.S. My Becker CPA teacher took his tests in Galveston, he joked by the time he finished them and drove pass the brdige back home he already forgot half of it!

    April 13, 2012 at 5:18 pm #339128
    hardworker
    Member

    Oh I see, I understand. Thank you all for your replies. My first language is Spanish by the way.

    April 13, 2012 at 5:19 pm #339129
    jenuno01
    Member

    Haha no problem! I can totally relate on being brain dead 🙁

    Class of 2012

    April 13, 2012 at 5:21 pm #339130
    Anonymous
    Inactive

    Thanks! I don't blame you, I'd take FAR over REG anyday. I saved FAR for the last, mostly because of the amount of material. Oh I don't even need that long, all it takes is to simply walk out of that testing center and its gone. Lol

    April 13, 2012 at 5:23 pm #339131
    jenuno01
    Member

    @hardworker – My first language is also Spanish, there are many of us on this forum who's first language is not English; so don't hesitate to ask questions… I was raised in the U.S. and in Mexico as well, so I am fluent in both languages. There is a forum on A71 for Spanish speakers: https://www.another71.com/cpa-exam-forum/topic/foro-en-espanol/page/7

    Post your questions there, Buena Suerte! 🙂

    Class of 2012

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