[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

[hopeimnottoolatetobeacpa]

@CPAMom, Chapter 2 Becker is about : Timing Issues : Matching revenues and expenses, long term contracts, percentage of completion method, installment sales, accounting for non monetary exchanges, financial reporting and changing prices

[lauren725]

Sure. It is mainly matching of revenues and expenses. The section covers revenue recognition, royalty revenue, unearned revenue, franchises, capitalization of costs and amortization, goodwill and impairment. The section is pretty long but I have been able to read through it a few times. But the MCQ's are just all over the place and a lot of them I am not finding examples for in the Becker material. I am not sure if this helps since you have Wiley. I have had some frends take (and pass) FAR using Becker and they said this section was so hard for them to understand as well. I just can't figure out a way to get past it without trying to take notes for every MCQ that I am missing – which is about 60! It is just overwhelming! And a lot of them I don't even know how to re-study for if I cannot find good examples in the book.

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[NYCaccountant]

To understand cash to accrual, you just need to understand how the income statement feeds the balance sheet.

A lot of the questions give you a beginning and ending balance sheet number. If the balance in AR went down year over year, you essentially must have received more cash than you had sales. Simply add the sales number to the beginning balance, subtract out the ending balance and you got what you received in cash. Accrual to cash complete.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[lauren725]

@hopeimnottoolate – thank you. I am glad to hear you thought it was the hardest for you, hopefully that will be the case with me. I will try to take good notes and go through it again and hopefully something will start clicking. I just hate falling behind a whole week because of this section. I can usually take good notes from the MCQ I get wrong (did this for Audit and it worked) but for this section I am just having a hard time learning all the concepts.

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[lauren725]

Thanks NYCaccountant! I will take note of your example and I am sure it will make more sense to me as I continue to learn and go through these.

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[Tootsie]

Hey guys, how are you studying for IFRS? I am using Becker and there is so much material on IFRS and it is overwhelming. Should I buy the Ninja notes?

FAR - 76
AUD - 88!!! DONE!!!!!!!!
BEC - 76
REG - 77

never, never, never give up

[Tootsie]

Anyone??

FAR - 76
AUD - 88!!! DONE!!!!!!!!
BEC - 76
REG - 77

never, never, never give up

[teeteenounouche]

My notes split up IFRS into each section of FAR, noting the differences between it and GAAP.

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

[Anonymous]

I like the Ninja Notes for IFRS because it puts all the differences in one section.

[oilgaslb]

Becker has IFRS vs. GAAP in the appendix of every section. I haven't used it much, but will probably tear them out when it's time to solely review.

[Tootsie]

Thanks for the responses!! This is very helpful! 🙂

FAR - 76
AUD - 88!!! DONE!!!!!!!!
BEC - 76
REG - 77

never, never, never give up

[Anonymous]

The interchangable terms drives me crazy. I have a question with the choices for PV of an ordinary annuity or an annuity in advance. My thoughts are that they are trying to trick me because even though I think it should be an annuity due, that is not an option. Logically an annuity due is an annuity in advance because it is at the beginning of the period, but since I've never heard it called annuity in advance I assume it's a trick answer. I was wrong. annuity due=annuity in advance. Pick a term a stick with it accounting dictators!!! Okay–rant over.

[jrosen92770]

I just completed a section of homework using Becker for F2 and it most of today. Anyone else having a similar experience with Becker home-works taking a long time?

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

[klink24]

I do cash to accrual and back by thinking what I'm going towards. If I'm going to cash, I need to think about the cash effects If I'm going to accrual, I need to focus on the revenue/expense effects. For instance, if dealing with going from cash received to revenue, I know that A/R beginning was revenue from last year, so I subtract that, A/R ending was revenue this year, so I add that, unearned revenue beginning is revenue this year, so I add that, and unearned revenue ending is revenue next year, so I subtract that. The reverse is true for accrual to cash received. Beginning A/R is cash this year, so I add that, ending A/R is cash next year, so I subtract that, unearned revenue beginning is cash last year, so I subtract that, unearned revenue is cash this year, so I add that. Seems to work for me and it has worked in MCQs I've done. I hope I'm understanding it right or my entire cash to accrual foundation is built on a lie!

FAR: 4/19/2014 - 85!
AUD: 5/27/2014 - 90!
REG: 7/18/2014 - 81!
BEC: 8/13/2014 - 84!

4 up, 4 down, in 4 months.

Licensed 9/22 in NC.

[Anonymous]

Jrosen – if you pass FAR on 05/25, you would have completed the CPA in exactly one year! Neat.

[Author]

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