[memmy29]

I am taking FAR for the fourth time this April after coming within 4 points of passing twice. I am so frustrated because I know it’s the SIMS that are killing me- in particular, the journal entries. I know my material well, but can’t seem to get ahold of a good way to recall journal entries. Anyone have a good way of learning or remembering these? Any help if appreciated!!! I’m so ready to be finished…

AUD-84, REG-75, BEC-84, FAR-77

Licensed CPA

CIA Exam
Part 1 - Passed
Part 2 - Passed
Part 3 - Passed

[gobias]

Write them out….over and over and over.

F - 86
R - 90
A - 97
B - 91

[Anonymous]

I would say apply the logic. Yes there are some tricky JEs that you can cram.. Start with simple transaction ( eg I always start with cash) then built your JE

3 golden rules which helped me to understand JE much better. I know its high school rules. But hey it still helps me..

1) Dr what comes in

CR what goes out

2) DR all assets

CR all liability

3) DR all expense

CR all income

And yes as gobias said write them out

[memmy29]

Thanks for the advice, guys. @NAM, your #2 and #3 rules are for increases, right? (See how bad I am??)

AUD-84, REG-75, BEC-84, FAR-77

Licensed CPA

CIA Exam
Part 1 - Passed
Part 2 - Passed
Part 3 - Passed

[ak311]

I'm finding that understanding the logic of the entry makes them easy to remember. Once I've got the logic down, I've got the entry down.

FAR - F (2011), 5/16
AUD - F(2011)
BEC -
REG -

2nd attempt at this thing. Time to get serious.

[Anonymous]

2 and 3 : all assets like (AR, inventory, prepaid ) should be DR

All liablaities ( AP, long term debts) should be credit.

all the expenses ( bad debt , should be debit

all the revenue and other income should be credit.

yes if its increase it shoul be going in same direction , if its decrease it should be opposite .. 🙁

Dont worry , you will get this next time! and you will pass !! 🙂

[memmy29]

Thanks for all the help! I'll let you know how it goes 🙂

AUD-84, REG-75, BEC-84, FAR-77

Licensed CPA

CIA Exam
Part 1 - Passed
Part 2 - Passed
Part 3 - Passed

[Author]

Replies