[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

[HopefulCPA0601]

@amor – you're right. I am just now in panic mode and thinking what else they can throw at you, but they would have to provide us with the undiscounted CF to do that if it were a simulation right? I think I'm starting to go crazy over this test.

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

https://www.buzzfeed.com/tanyachen/pun-dog-puns-that-will-instantly-brighten-your-day — in case anyone needs a good laugh and a 5 minute study break. for some reason after reading somethign funny, i regain some confidence/energy to keep studying

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

Also, I am using my becker book from years ago, but 2013 becker software. The components of relevance and what used to be reliability (now representational faithfulness) have changed since my book. Can someone please list out what is correct.

2011 Becker:

Relevance: predictive value, feedback value, timeliness

Reliabilility: neutrality, representation faithfulness, verifiability

2013 Becker:

Relevance: predictive value, feedback/confirming value, neutrality

Rep Faithfulness: neutrality, completeness, freedom from error

*Timeliness – is now related to both

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[Anonymous]

Relevance: Predictive/Confirmatory Values, Materiality

Faithful Representation: Neutrality, Completeness, Freedom from Error

Enhacing related to both: Comparative, timeliness, Understandability, Verifiability

[jrosen92770]

CPAMomma/Spartan – I have been in and out of the forum, just wanted to say good luck to you all on your tests.

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

[Anonymous]

@Stoleway, thanks for clarifying that.

US GAAP says for Step 2 when FV is not available, our alternative is to use Discounted Cash Flow.

So guys, what is the difference between Undiscounted CF and Discounted CF?

[Guti]

Do you guys know why we use the equity method when we are dealing with minority interest on a consolidation? The equity method is use when we own 20% to 50% of a company and the minority interest is the part we don’t own. Why use the equity method on something you dont own?

FAR-84
AUD-
REG-
BEC-

[Anonymous]

CPAMommy, just in case I don't get on here tomorrow, kick FAR's A** for us all ! You got this, and remember, just breathe ! Best of luck to you !!!!

[Anonymous]

Thanks JRo and Brooklyn!! I am meeting our auditor in 10 minutes to get help on a couple of topics and then I'm going to review, quiz, review, quiz all day tomorrow. FAR won't even know what hit it on Saturday!!! 😉 Best of luck to everyone else taking the exam this weekend. I look forward to rooting for everyone and hearing good results on May 2nd!

[Anonymous]

I really think I might be a sadist. What was I thinking scheduling my test for April 17th when I'm smack in the middle of a tax season from hell ! Looks like a power study weekend for me. I'm kicking everyone out of the house Saturday and Sunday. I have to pass FAR !!!!!

[How many letters do you need]

Good luck CPAmom! I'll be around all weekend working out the last of whatever I can. Let us know how you do and I'll be sure to do the same Monday night. This is WAAAAAAR people! Take no prisoners. Go go go go go!

MBA,CMA,CPA, CFF?, ABV?

[teeteenounouche]

Good luck to everyone testing in the next few days!! Wish you the best!

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[samdiegoCPA]

Oops, I've been slacking on the forum. I have been doing a lot of MCQ and studying though. One week from today I'll be finishing up FAR at this time.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[NJPRU]

I'm so proud of this group! We have come a long long way! Good luck to everyone who is testing in the next couple of days! Just remember to RTMFQ!!! 🙂

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Not a Quitter]

On January 2, 20X1, Paye Co. purchased Shef Co. at a cost that resulted in recognition of goodwill of $200,000 having an expected benefit period of 10 years. During the first quarter of 20X1, Paye spent an additional $80,000 on expenditures designed to maintain goodwill. Due to these expenditures, on December 31, 20X1, Paye estimated that the benefit period of goodwill was 40 years. For 20X1, Paye assessed impairment to be $7,000. In its December 31, 20X1, balance sheet what amount should Paye report as goodwill?

Answer: $193,000

My question is why did we not record amortization here???

FAR- 85 I'm DONE!
BEC- 75
REG- 60,60,75
AUD- 74,74,83

CPAExcel used for BEC, AUD, REG
Exam Matrix used for FAR plus NINJA Blitz, cpareviewforfree and a little CPAExcel

[Author]

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