[jeff]

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

[Anonymous]

5 hours tonight. Who's with me?

[oilgaslb]

Count me in for 4!

[Anonymous]

5 straight hours? Man, I can't do that. I break it down with the ELL approach. Putting in 2 hours tonight though! 🙂

[How many letters do you need]

I've only got an hour tonight as I finish up FA. Going to spend some time with the girlfriend before she forgets she has a boyfriend 🙂

But…5 hours is awesome! When I try to hit more than three in any one sitting I get a major FAR headache…

MBA,CMA,CPA, CFF?, ABV?

[Anonymous]

I have to get it in when I can. I worked with a study group during my MBA program and we perfected the art of all day study sessions on the weekends. The ELL approach doesn't work for me because I am incapable of getting up early in the mornings and I have to work through many lunches especially during close out. The nights are when it all gets done in my house and I usually try to do 12 hours on either Saturday or Sunday. This excludes listening to audio in the car and going over flashcards on the off chance that I don't work through lunch.

[Anonymous]

I am amazed at how many questions I get wrong because I did not RTMFQ! I am in preparation of my fourth test. I should know better by now!

[How many letters do you need]

Same thing happens to me and its FRUSTRATING. Focus is so critical…

MBA,CMA,CPA, CFF?, ABV?

[Anonymous]

Lol @CPAMom. Love the mnemonic. What I try to do is when I see a question with tons of stuff and all these number, before I even get into the details, I read the last line and see what the question is actually asking. At times we make it hard for ourselves by getting lost in the details when in reality the question is just asking for a small stupid thing

[Anonymous]

Finished personal financial statements, interim reporting, and segment reporting. Going to quiz on all the topics I've covered since Sunday and see what I actually retained.

[Anonymous]

Question:

Mr.. & Mrs. Carson are applying for a bank loan and the bank has requested a personal statement of financial condition as of December 31, year 3. Included in their assets at this date are the following:

• 1,000 shares of Alden Corporation common stock purchased in year 3 at a cost of $50,000. The quoted market value of the stock was $75 per share on December 31, year 3.

• A residence purchased in year 1 at a cost of $120,000. Improvements costing $15,000 were made in year 9. Unimproved similar homes in the area are currently selling at approximately the same price levels as in year 1.

In the Carsons’ December 31, year 3 personal statement of financial condition, the above assets should be reported at a total amount of

A. $195,000

B. $185,000

C. $170,000

D. $210,000

The answer is D. Anybody know how an improvement made in year 9 can be counted towards asset valuation in year 3?

[jen123]

Sigh, here we go again. I thought there may have been a full moon because my kids were CRAZY tonight. I almost said screw it, I am going to bed. My husband talked me out of it.

I wish I could do the ELL and I too cannot get up early. It sounds amazing to be able to get up early to get a few things done before my little monsters get up, but it is impossible. I did not study at lunch yet again today because I chose to work through it. Next week is month end close so I will be working through lunches then too, so nights are my only option.

@CPAMommy, how in the world do you do 5 hours in the evening?

@Cracked – Cindy Simpson in the Yaeger CPA review always says read the stem first so that you know what they are asking before you read all the other crap. I think it is a great habit to get into.

Here's to Investments tonight.

[jen123]

@CPAMommy – What module are you working on? What year Wiley book do you have?

[Anonymous]

I get 5 hours two nights a week when my kids have a sleepover with my parents. They are helping me out a lot while I'm studying since my husband works crazy hours.

That question was from personal financial statements.

[Anonymous]

I have the 2013 Wiley book, but that question was from the online test bank.

[Anonymous]

I seem to have a good grasp on inventory, accounting changes, accounting basics, segment reporting, and interim reporting. I definitely need more work on Statement of cash flows, consolidations (50% 🙁 Boooo), government, deferred taxes, and bonds. Arrrggg. of course my strong areas are like 2 pages of material each with the exception of inventory.

[Author]

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