[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]

I'm jealous of your 6.5 hours! Today was supposed to be my power day too. Hoping to still make the best of the rest of the night. I just took a multiple topic quiz on everything I've studied so far and I've added two more topis to my “above 75%” reports. Yayy. Everything seems new to me. School seems so long ago and I took most of my upper level accounting classes within the last 3 years! I guess I should have used that opportunity to really learn the information in preparation for this exam instead of just saying “I only need to get a C so I can be eligble to sit.” Hindsight is 20/20.

[BEACPA]

cpamommy,

Thank you for the advice. I just looked into Wiley and see that they have 66 simulations plus over 1400 mcqs. That'll be great! Thank you so much.

Happy studies!

FAR - 2/28/14 PASS Praise be to God!
AUD - 7/5/14 PASS Praise be to God!
BEC - 11/29/14PASS Praise be to God!
REG - 2/28/14 PASS Praise be to God!

[Anonymous]

You're welcome! Don't forget the AICPA release SIMS too. I've heard many people on these boards say they had questions verbatim to release questions so I'm studying all of them from the last 7 years just in case.

[SpartanCPA]

Finished most of F6 today, still have the sims left to finish but I will save that for tomorrow. I have the whole week off next week and will devote at least 6 hours a day to get as much as I can done. My goal is to be up to F9 by the end of next week and finish the rest by mid March. This will leave me with a good 3-4 weeks to review and really hammer down the concepts until my exam date in mid April.

AUD - 01/18/14 - 81
BEC - 05/29/14 - 85
FAR - 07/18/14 - 81
REG - 11/18/14 - 80

Becker CPA Review
NINJA Audio
Michigan State University

[Anonymous]

Enjoy the week off. I haven't seen the first week of any month off since I started working in accounting! Not even while I was on maternity leaves! 🙂

[Anonymous]

We've talked about this before, but it irks me when Wiley says ‘Now review MCQ 1-4″ and one or more of the questions are in the next section in the module, that hasn't been studied yet! Grrrrrrrr.

[Anonymous]

Where is everyone tonight? I'm losing motivation quickly.

[F15hy]

Which topic are you working on tonight CPAMom?

CA Candidate

B-79 (4th Attempt, finally killed you Nov 2013)
A-81 (3rd Attempt, Feb 2014) AND I AM DONE!!!!!
R-80 (1st Attempt, Feb 2013)
F-77 (2nd attempt, Jan 2014)

Becker, Becker Final Review, NINJA 10-Point Combo
($M.O.B$)

CA Ethics-92%

[Anonymous]

Partnership accounting.

[F15hy]

Ooooh, nice. What's your attack plan? MCQs or NINJA notes…?

CA Candidate

B-79 (4th Attempt, finally killed you Nov 2013)
A-81 (3rd Attempt, Feb 2014) AND I AM DONE!!!!!
R-80 (1st Attempt, Feb 2013)
F-77 (2nd attempt, Jan 2014)

Becker, Becker Final Review, NINJA 10-Point Combo
($M.O.B$)

CA Ethics-92%

[Anonymous]

All of it. I read the entire Wiley chapter and went through the examples with a fine tooth comb. I started the MCQs in the Wiley book and I did okay until I got to Goodwill. I took notes while reading and referred to the Ninja notes, but Goodwill is still tripping me up. 🙁

[F15hy]

Good will is a tough topic. Becker had a really good illustration that helped me to understand it, let me see if I can find it and I'll attempt to post it for you. Once I saw the diagram, it started clicking. Give me a few min 🙂

CA Candidate

B-79 (4th Attempt, finally killed you Nov 2013)
A-81 (3rd Attempt, Feb 2014) AND I AM DONE!!!!!
R-80 (1st Attempt, Feb 2013)
F-77 (2nd attempt, Jan 2014)

Becker, Becker Final Review, NINJA 10-Point Combo
($M.O.B$)

CA Ethics-92%

[Anonymous]

What's even tougher for partnership accounting is when it's mixed up with several other complex topics under FAR. I don't even know if I am computing for bonus or goodwill.

I sketched my own little “formula” to follow.

For Bonus:

TA

TxI

1) T.A. > Total All (30,000 + 10,000 + 35,000 = 75,000)

2) TxI > Total x Interest (75,000 x 1/3)

For GW:

D-S

1) Divide new partner's share (35,000 / 1/3 = 105,000)

2) Sum of all partners (35,000 + 10,000 + 30,000 = 75,000)

3) 1 – 2 = GW

[Anonymous]

Guys, I had one question from my Becker's final practice test last Thursday about substance over form. I did not get it right. The answer is reliability. The problem gives further explanation about reliability and its several ingredients.

I made another mnemonic for it.

Ingredients of reliability: CRaMPON

C – Completeness

R – Representational faithfulness

@

M – Materiality

P – Prudence

O – Substance Over Form

N – Neutrality

I've read NINJA & Becker's FAR book more than 2x already and yet I've never come across with reliability.

Does reliability have same DNA as with faithful representation?

[stoleway]

Reliability is one of the elements of Recognition criteria..it is not part of the fundamental qualitative characteristics aka Relevance and Faithful Representation.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Author]

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