[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

[NJPRU]

@J They are recorded as a credit to contributions revenue and recorded at their FV.

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

IM GOING TO BE A CPA!!!!!

[WANNABE_CPA]

Please tell me what is important from the appendix in F4, since i remember there are some weird optional questions related to it

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

[jrosen92770]

Remember they must either enhance a non-financial asset or require specialized skills (CPA, Lawyers) that the provider possesses and would otherwise have been purchased by the org.

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

[jrosen92770]

Isn't Retail Inventory?

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

[lauren725]

thanks ya'll! it is good to know I am not alone. Also, I wish this thread had emojis!

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!

[jrosen92770]

When art does not meet the requirements (part of collection, cared for, and policy that requires proceeds to be reinvested), how is it recorded?

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

[jrosen92770]

NJ – Are you going over IFRS anytime soon?

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]

good question joe, i remember it should be shown, is it amortized and shown on hmmmm ?

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

[jrosen92770]

When donated items are sold in excess of FV, the amount received is considered?

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

[lauren725]

jrosen – when it does not meet the criteria, isn't it booked as a fixed asset – cost or FV with depreciation?

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!

[NJPRU]

J – I will be going through IFRS the day before the exam. I want it to be as fresh as possible.. I am also saving disclosures and governmental/nfp for next monday and tuesday as well (exam is next thursday).

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

IM GOING TO BE A CPA!!!!!

[jrosen92770]

@wannabe Should be an asset and revenue.

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

[jrosen92770]

It seems our approach is the similar….short term memory approach.

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]

@NJ @joe, i might as well follow you on IFRS revision, do it one day before exam.

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

[jrosen92770]

What is the plan of attack? Becker has an appendix which I plan to read. NJ/Wannabe – What approach will you take.

Accounting/Economist thought: if you make $50 per hour an study 300 hours, your opportunity cost would be $15,000 to take one part of the exam. Now multiply that by roughly 4, $60,000. Now consider the cost per hour to sit for the exam. $60,000/14 = $4,285.71……

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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