FAR Disclosures

  • Creator
    Topic
  • #183701
    jhd7
    Member

    If I tried to memorize these I feel like I’d need an extra two months to prepare. It also seems like everything needs to be disclosed basically. Is there a rule of thumb for what DOESN’T need to be disclosed? What would be an easy way, if any, for me to spot when they’re asking for “too much” in a possible disclosure answer?

    AUD- 78
    BEC- 79
    REG- 91
    FAR- 83

    Licensed NJ CPA

    DONE

Viewing 6 replies - 1 through 6 (of 6 total)
  • Author
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  • #512629
    samdiegoCPA
    Member

    This is probably a bad way to do it, but I just think about what are they asking disclosures for… then kind of make an educated guess based on what I would want to know, because you are right, there are SO many different ones for each thing and essentially impossible to remember them all.

    AUD: 84
    REG: 84
    BEC: 79
    FAR: 83

    #512668
    samdiegoCPA
    Member

    This is probably a bad way to do it, but I just think about what are they asking disclosures for… then kind of make an educated guess based on what I would want to know, because you are right, there are SO many different ones for each thing and essentially impossible to remember them all.

    AUD: 84
    REG: 84
    BEC: 79
    FAR: 83

    #512631
    jhd7
    Member

    That's better than any system I have in place lol it makes sense though, trying to put yourself in the shoes of a financial statement user

    AUD- 78
    BEC- 79
    REG- 91
    FAR- 83

    Licensed NJ CPA

    DONE

    #512670
    jhd7
    Member

    That's better than any system I have in place lol it makes sense though, trying to put yourself in the shoes of a financial statement user

    AUD- 78
    BEC- 79
    REG- 91
    FAR- 83

    Licensed NJ CPA

    DONE

    #512633
    zieba
    Participant

    What helps me on disclosures if rejecting answers which are clearly in violation of common sense. Most often those choices disclose minute private or personal information. Disclosing which segment does 10%+ of business makes sense, disclosing names of customers with which it transacted would violate those third parties rights or share trade/business info.

    AUD - 75*, 88 done 5/14! (*exp)
    BEC - 74 , 77
    REG - 65 , 76 (10 point combooo!!)
    FAR - 69 , 75

    Dr: perseverance
    Dr: intelligence
    Dr: luck
    . Cr: . advisory score

    #512672
    zieba
    Participant

    What helps me on disclosures if rejecting answers which are clearly in violation of common sense. Most often those choices disclose minute private or personal information. Disclosing which segment does 10%+ of business makes sense, disclosing names of customers with which it transacted would violate those third parties rights or share trade/business info.

    AUD - 75*, 88 done 5/14! (*exp)
    BEC - 74 , 77
    REG - 65 , 76 (10 point combooo!!)
    FAR - 69 , 75

    Dr: perseverance
    Dr: intelligence
    Dr: luck
    . Cr: . advisory score

Viewing 6 replies - 1 through 6 (of 6 total)
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