[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]

Sure – Anytime you are able to help is great for me 🙂 It would be nice to have some sense of direction on this.

I am not sure if its heavily tested but my gut is telling me this might be sneakily mixed with other topics. So could end up being a real thorn.

[Anonymous]

Future amount of $1?

[jrosen92770]

Amen to being sick of studying this crap <>

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]

LOL

My head is fried…

Okay i need to finish this batch – take a lunch break — stare at the sky for a few mins so i can have a blank moment. Come back and hit some other areas..

[jrosen92770]

There are certainly lots of disclosures. Anyone got them memorized?

I was there yesterday, had to drink 2 beers and sleep for 30 minutes just to clear my mind. Hope I did not erase anything.

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

[stoleway]

A loss caused by a major earthquake in an area previously considered to be subject only to minor tremors will be reported in what section of the income statement?

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

Mass-CPA

[HopefulCPA0601]

I think disclosures are just too much to memorize, so if i get a question my theory is disclose most to be safe.

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

[jrosen92770]

Want to save some time. Have 40 pages to read or 1 hour and 20 minute lecture. Survey says?

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

[WANNABE_CPA]

@stoleway …extraordinary loss ?

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

[Anonymous]

I don't know if my explanation will be helpful, I always think of present/future value this way:

Prices always go up, today you pay $3 for a gallon of milk, next year it could be $3.20. So $3.20 is a future value of $3, it's always higher than present (assuming reasonable rate). If you look at the table with future value factors, they are higher than 1, that's why. For example $3 * 1.066

If you are in the future buying milk for $3.20, when you come back to present, the present value of your $3.20 would be $3. When you look at the table with present value of 1, all factors are < 1. For example $3.2 * 0.9375 = $3

[jrosen92770]

continuing…not unusual, I guess.

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

[WANNABE_CPA]

@jrosen, i think read is better, go to video in areas u have problems with as there is too much of highlighting and underlining in the lectures and we dnt need to do that anymore just understand concepts quickly

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

[Guti]

brainfarts, Present value of $1 is the answer. You dont make a payment until yr 3,so you need to know what is my 1 dollar that I have to pay in two years worth today. Time value of money. Just like the lottery. If you win 1 Million dollars on May of this year but you dont get the check until May 2016, you dint really win 1 Million on May 2014, you won the PV of the Million dollars, lets say the pv is 950K,but if you put the 950K to earn interst today, you will get your million dollars on Dec 2016. You get it now?

FAR-84
AUD-
REG-
BEC-

[stoleway]

@Answer is Extraodinary

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

Mass-CPA

[jrosen92770]

Stoleway – Was their an explanation?

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

[Author]

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