Extraordinary Items -An new changes that will be on 2016 different from early ex

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December 13, 2015 at 12:40 pm #198989

agripper
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I am still trying pass FAR exam I didn’t realize that “Extraordinary Items no longer was used as separate Item net of taxes. but now included in continuing operations not net of taxes. I know I got many questions wrong in the cpa exam in Nov because of this change. Is there anyone aware of other changes on the FAR cpa for 2016. I using Rogers full and Ninja mcq and have a backup of wiley mcq

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December 14, 2015 at 12:59 pm #751788

drcpa
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Dear agripper,
Yes there're changes in the syllabus effective January 2016
Extraordinary items no longer exist and will be replaced by Going Concern
Please find below links for the changes

https://www.aicpa.org/BecomeACPA/CPAExam/ExaminationContent/ContentAndSkills/DownloadableDocuments/CSOs-SSOs-Effective-Jan-2016.pdf

https://www.aicpa.org/BecomeACPA/CPAExam/ExaminationContent/ContentAndSkills/DownloadableDocuments/Summary-of-CSO-Changes-2016.pdf

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