FAR-Dollar Value Lifo…

  • Creator
    Topic
  • #200792
    mckan514w
    Participant

    How much do they really test Dollar Value LIFO? In other words how much time should I spend beating my head against the wall trying to understand this?

    and they ask me why I drink...

    FAR- 61-next time I'll ask for lube instead of a calculator
    REG-75- Never been so happy to see such a low grade
    BEC- 8/11
    AUD- 9/2

Viewing 11 replies - 1 through 11 (of 11 total)
  • Author
    Replies
  • #762528
    leglock
    Participant

    I would know it. When i first got exposed to it i thought it was difficult. But when u really break it down its not hard at all. Plus there is a god chance u will use it at work. I previously linked to a good video that thoroughly explains it

    #762529
    Claudia408
    Participant

    it's fair game and chances of it showing up are probably low, but if you get a sim on it you're gonna hate yourself.

    BEC - 75 (3x)
    AUD - 78 (3x)
    REG - 67, 66, Aug 1
    FAR - 54, Sept 8

    #762530
    Spartans92
    Participant

    What issues are you specifically having? Maybe we can help clarify it. These are easy points you do not want to lose if it ends up showing. Though I am pretty sure there are bigger topics that the exam may cover instead. Good Luck!

    BEC- PASS

    #762531
    Joe C.
    Participant

    Did you not learn that in intermediate accting? We had to know it inside and out and were tested on it.

    BEC 75
    AUD 9/6
    REG TBD
    FAR TBD

    WI Candidate

    #762532
    mckan514w
    Participant

    Thanks for the info- I understand the basic concept of it- but get myself confused when actually working out the problems….Leglock- found your video and YES! in an old post search very helpful thanks…

    (and yes we covered it briefly in intermediate but that was years ago for me- it was not covered at all in Financial in my MACCY program…)

    and they ask me why I drink...

    FAR- 61-next time I'll ask for lube instead of a calculator
    REG-75- Never been so happy to see such a low grade
    BEC- 8/11
    AUD- 9/2

    #762533
    RE2PECT
    Participant

    I stressed out over it because I just couldn't grasp it for some reason. Only had like 2 inventory questions on my exam and none were DVL. I would still try and have a basic understanding of it, but don't spend too much time on it.

    FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
    AUD: 73, 81
    BEC: 71, retake 8/29
    REG:

    #762534
    nib
    Participant

    @ leglock
    @ mckan514w

    pls share that URL about dollar value lifo .

    #762535
    Anonymous
    Inactive

    I would think MCQ would be able to get just knowing the basics of it..though a Sim you would probably be effed.

    #762536
    leglock
    Participant

    Here is a lengthy video I thought did a great job:

    here is a shorter video that explained it well also:

    #762537
    mckan514w
    Participant

    bin heres a good thread I found on the topic with explanation- to go with leglock's posted videos… slowly coming together for me…
    https://www.another71.com/cpa-exam-forum/topic/dollar-value-lifo

    and they ask me why I drink...

    FAR- 61-next time I'll ask for lube instead of a calculator
    REG-75- Never been so happy to see such a low grade
    BEC- 8/11
    AUD- 9/2

    #762538
    nib
    Participant

    @mckan514w

    @leglock

    thanks .

    I will go thru it .

Viewing 11 replies - 1 through 11 (of 11 total)
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