[Q2] FAR Study Group 2014 - Page 342

  • Creator
    Topic
  • #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 - 5,116 through 5,130 (of 6,668 total)
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    Replies
  • #565679
    jrosen92770
    Participant

    So they only carry current liabilities.

    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

    #565680
    WANNABE_CPA
    Member

    @amanda i think yes, i also looked at this page when you mentioned at the first place but wasnt sure…hope this is correct now…

    1. Debt service funds pay most of the debt principal and interest as for the govt funds.

    2. General fund can also pay principal and interest if it is not mandated to be paid by Debt Service fund.

    3. Capital project fund can also pay short term liabities with the use of TAN/RAN.

    Is that all for this doubt?

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    #565681
    jrosen92770
    Participant

    1am in Texas. Heading to sleep. More to come tomorrow. Good night all.

    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

    #565682
    Anonymous
    Inactive

    Night Joe

    At Wannabe what is TAN/RAN?

    #565683
    WANNABE_CPA
    Member

    @brainfarts…TAN – Tax Anticipation Notes

    RAN – Revenue Anticipation Notes

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    #565684
    NJPRU
    Member

    Great work last night guys! Good Luck Amanda on your final preparation day! Just remember to stay focused and RTMFQ. Remember, there really is no question you havent seen before – it's all a matter of the mind. 🙂 Kick some ass!

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

    IM GOING TO BE A CPA!!!!!

    #565685
    jrosen92770
    Participant

    Good luck Amanda.

    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

    #565686
    Anonymous
    Inactive

    Thanks guys! My test isn't until Friday though thankfully. Two more days to review!

    #565687
    jrosen92770
    Participant

    Yesterday, I put in over 16 hours…woohoo (seriously need a life).

    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

    #565688
    jrosen92770
    Participant

    Preamble to CPA Exam should read (Borrowing from Stallone):

    The world ain't all sunshine and rainbows. It is a very mean and nasty place It will beat you to your knees and keep you there permanently if you let it. You, me or nobody is going to hit as hard as life. But it ain't about how hard you're hit, it is about how hard you can get hit and keep moving forward, how much can you take and keep moving forward. That's how winning is done!

    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

    #565689
    Anonymous
    Inactive

    Good Morning. Happy Studying today!

    Zubair is up tomorrow for his exam I think he is first – Good Luck!

    Amanda – I know you will kick FAR's butt on Friday.!!

    NJRU – True and lets hope I remember that I have seen it before LOL.. I seem to be suffering from FAR Amnesia

    #565690
    jrosen92770
    Participant

    Good luck Zubairs.

    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

    #565691

    Good luck to everyone taking FAR this week!! As always, RTMFQs!! 🙂

    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

    #565692
    Anonymous
    Inactive

    Is impairment loss recognized in income from continuing operations?

    #565693
    jrosen92770
    Participant

    yes

    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

Viewing 15 replies - 5,116 through 5,130 (of 6,668 total)
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