[Q2] FAR Study Group 2014 - Page 157

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    Topic
  • February 6, 2014 at 9:58 pm #183478
    jeff
    Keymaster

    I’ve had a few requests for April/May Study Groups…March will be here before you know it.

    In order to take an early April exam, you should begin studying…now. 🙂

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

Viewing 15 replies - 2,341 through 2,355 (of 6,668 total)
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  • April 1, 2014 at 1:47 am #562856
    Anonymous
    Inactive

    Ha. C

    April 1, 2014 at 1:49 am #562857
    jrosen92770
    Participant

    PBO is plan benefit option?

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

    April 1, 2014 at 1:52 am #562858
    Anonymous
    Inactive

    Plan benefit Obligation

    April 1, 2014 at 1:53 am #562859
    Anonymous
    Inactive

    I'm trying to find some good business combination questions but they are SO long and I have to type it all out.

    April 1, 2014 at 1:56 am #562860
    Anonymous
    Inactive

    T/F Good will is classified and included with other intangible assets for purposes of measuring impairment.

    April 1, 2014 at 1:56 am #562861
    jrosen92770
    Participant

    For unconditional purchase obligations, the aggregate amount of payments for these obligations should be disclosed for each of how many years following the date of the latest balance sheet date?

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

    April 1, 2014 at 1:58 am #562862
    jrosen92770
    Participant

    False.

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

    April 1, 2014 at 1:59 am #562863
    Anonymous
    Inactive

    You are coming up with some doozies tonight JRo. I feel like I've never seen some of this stuff before. 2?

    April 1, 2014 at 2:01 am #562864
    jrosen92770
    Participant

    It baffled me so I figured I'd put it out there…5 years and is disclosed in a footnote to the f/s.

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

    April 1, 2014 at 2:05 am #562865
    Anonymous
    Inactive

    What are the two methods that can be used in IFRS for valuing investments?

    April 1, 2014 at 2:08 am #562866
    jrosen92770
    Participant

    Cost model and FV Model?

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

    April 1, 2014 at 2:10 am #562867
    Anonymous
    Inactive

    Yep–Do you know the differences between the two?

    April 1, 2014 at 2:13 am #562868
    jrosen92770
    Participant

    One is based on historical and the other FV. Under the revalue model: losses are reported on the I/S, while gains are reports as OCI as a surplus.

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

    April 1, 2014 at 2:15 am #562869
    Anonymous
    Inactive

    The Becker Outline Notes say that both gains and losses are reported in earnings for the period when revalued. Other than that I agree with everything. One note I forgot was that with the cost model you still have to disclose the fair value.

    April 1, 2014 at 2:17 am #562870
    jrosen92770
    Participant

    Name 2 liquidity ratios and 2 operating ratios?

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

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