[Ilana]

Hello everyone!

I will be taking FAR in a week and am having a LOT of trouble with the intercompany transaction section. I have listened to the lectures twice and still do poorly on the questions. Did they emphasize this section? Can I skip it completely?!?! PLEASE please help!

[Gina]

Ilana, Have you tried writing down a couple of the difficult questions and solutions (with journal entries) on paper? This helped me tremendously with the intercompany sales of inventory and PP&E. I also scribbled a few quick notes on things that I found extremely confusing, especially on intercompany profits. Best of Luck on your exam!

REG 68,67,83(7/2010); FAR 43,71,80(8/2010); AUD 85(11/2010); BEC 74,79(2/2011)
NYS CPA 5/2011
EA 2/2011

[Anonymous]

yes, maybe you should summarized your questions and find answers in your review book. also, please write down them.

[Whenindoubt]

@llana,

I also think making you own notes helps. I actually do this for all sections and review them when I get a chance throughout the day whether it's at work or the doctors office or whatever. When I take the exam i have a mental snapshot of my review sheet(s) and it helps me. I did this for AUD & FAR and really think I would have done better if i had made my own note sheets for BEC. Make sure if you make note sheets that they are brief and not too overbearing. Good Luck!

BEC: 75 11/8/10
AUD: 89 2/22/11
FAR: 78 5/17/11
REG: 72, 83 10/17/11
DONE!!!!

[Author]

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