[jeff]

NINJA Study Notes, Flashcards, and Audio: https://www.another71.com/products-page/

Wiley Software: https://www.another71.com/wiley-cpa-software/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[jalban1324]

@bmsheppard87

Question: F3, page 6 in Becker

AFTER impairment losses are recognized on the income statement:

GAAP- subsequent increase in FV of AFS security is included in OCI, subsequent increase in FV HTM security not recognized

IFRS- impairment losses recognized on income statement can be reversed for subsequent increases in FV on the income statement. The carrying value of a HTM security after the reversal cannot exceed what the amortized cost of the security would have been without recognizing the impairment.

This makes more sense if you read over the text between the sections you cited. Gearty did not explain this well.

A (05/23/12) 92
R (07/02/12) 77
F (08/29/12) 69 Retake 2/27/13 80
B (10/22/12) 79

[MizzouCPA]

Studying for FAR is sapping my energy. I feel like I'm going to be steam-rolled by this test.

REG: 7/3/12- 89
BEC: 7/30/12- 83
FAR: 8/31/12- 84
AUD: 10/6/12- 76
ETHICS: 95

[stokey45]

I can do this RIGHT? I keep trying to tell myself that this can be done. Others have studied and passed FAR and I can too!! But I certainly do not feel that right now.

I am a little overwhelmed trying to retain all of this information so that I can pass both FAR and REG by the end of the year so that I keep my BEC score. No pressure right? Not to mention that life still continues to go on like my youngest starting High School, my oldest at home but taking college classes online and moving back to college in the Spring, my husband who works way too many hours who tries to be available as much as he can, etc. etc. Schools supplies to purchase, bills to be paid, laundry to wash, house to clean, dinner to cook and go to work (part-time for now) whew! I think I need to chill out. No time for that!

Thanks for letting me vent! Now I am going to put on my big girl pants and go back to the books! I have a job to do and I want to do it the best that I can.

[Sequin45]

Well it is the last weekend before I sit for FAR. Trying to put the finishing touches on my studies and the nerves are starting to kick in. I am hoping that I can pull this one off and finish up my CPA strong with another pass. The next three days I will be very unproductive at work preparing for Thursday.

AUD - 69, 78
BEC - 80
REG - 89
FAR - 80

[G35]

I'll join the club haha. My brain is fried. I've been reviewing material for past few days and it feels like I don't remember anything… there is SO much to know… I can't take this anymore.

AUD 88 | FAR 79 | BEC 81 | REG 82 |

[hhforcpa]

Hey candidates – new to the forum but have followed for a little bit. I have just finished F-3 of Becker – starting F-4 tomorrow. I am scheduled to take FAR on November 3 (have a wedding the week before. unfortunately my sister wouldn't move her wedding date for my cpa test). Any studying tips? what's working for y'all?

B - 2.9.12
A - May 2013
R - July 2013
F - 11.3.12

[jtb328]

@G35 – I am reviewing too and its a nightmare! You prepare so much and then when you review you cant remember! its awful!

I am currently reviewing Bonds and Warrants – having a lot of trouble with this material – Convertible and detachable. I think I am so confused by it that I don't even know how to phrase any type of question for help! Does anyone else have trouble with this material? If so, have you figured out a way to get around all the confusion?! Please help!

BEC - 67, 68, 68
AUD - 44
FAR - 40, 50
REG - 68, 68

[Partially Deaf]

I started studying for FAR today. It doesn't seem that bad, it's just like my Intermediate Accounting course.

MBA Candidate - UCLA Anderson School of Management

REG 89 - 4/9/2012
BEC 88 - 5/29/2012
AUD 93 - 8/20/2012
FAR 83 - 2/4/2013
-All passed on the first attempt!

CFA Level 1 - Passed on first attempt in June 2014

[G35]

@Partially Deaf, wait for it…..

AUD 88 | FAR 79 | BEC 81 | REG 82 |

[joshuahuskers]

The topics covered in FAR were three semesters of my college courses, and then some more. I love how F-10 in Becker is just a “catch all” of everything else, lol.

Anyway, taking FAR on Wednesday…I'm actually feeling pretty good, but I guess we will see! Drilling MCQ's between now and then. WE can knock this section out, everyone!

AUD - 99 (7/31/12)
FAR - 90 (8/29/12)
REG - 10/2012
BEC - 10-11/2012

[ShowMeThaMoney]

First week down, covered Ch 1 & 2 pretty thoroughly. Onto F3 today..

I feel the lectures in Becker are almost pointless aside from telling me which parts are tested heavily and which I shouldnt spend time on. Its just 3 hours of a guy telling me to highlight the book. I learned 10x the amount and retained much more re-reading and doing notes on all chapters.

I think my study method going forward will be

Watch Lecture -> Re-Read/Take Notes – MCQ

All in sections, so dont just power through the 3 hour lecture.

FAR - 11/3/2012
BEC - 1/2013
AUD - 2013
REG - 2013

[Anonymous]

Thanks @jalban1324 , that helped clear it up a bunch. I did actually reread that section after I posted and it did start to make more sense.

[sarah210]

@G35 — you took the words right out of my mouth. I did F1 in like two days and had this ridiculous sense of overconfidence about FAR…. yeah, I'm limping through F5 right now, behind on F3 and F4…. uuugghhh, I HATE YOU FAR.

REG- 53, 91
BEC- 88
FAR- 62, 85
AUD- 85

Ethics- 93

[ShowMeThaMoney]

F3 is gross, cant wrap my head around this right now..

Scanned through F4 looks like more a review of intermediate accounting (Depreciation, FIFO/LIFO, A/L classifications).

FAR - 11/3/2012
BEC - 1/2013
AUD - 2013
REG - 2013

[jtb328]

@sarah210 – your post made me laugh because I had the same overconfidence when I did chapter 1 and mostly through until the end of four..I was feeling pretty good..and then I got to section 5…and realized I was crazy! haha

BEC - 67, 68, 68
AUD - 44
FAR - 40, 50
REG - 68, 68

[Author]

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