[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 if that's true then my return on investment should be really really good next thursday! haha

Gleim has a IFRS only configuration.. so I plan on reading and quizzing myself on the IFRS topics and then answering those questions in my Gleim study system.

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

IM GOING TO BE A CPA!!!!!

[WANNABE_CPA]

Joe i dont wanna do that calculation as well, there are already too much stuff to remember 🙂

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

[NJPRU]

Is the present value of annuity another term for annuity due or ordinary annuity?

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

IM GOING TO BE A CPA!!!!!

[WANNABE_CPA]

Ordinary annuity?

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

[WANNABE_CPA]

Ordinary annuity?

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

[NJPRU]

correct 🙂 and when are payments under ordinary annuities paid?

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

IM GOING TO BE A CPA!!!!!

[stoleway]

Ordinary annuity

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

Mass-CPA

[jrosen92770]

What is another way to say Annuity Due?

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]

Remeasurement gain of a foreign sub resulting from converting LCU to functional currency should be reported in continuing operation with separate disclosure…..True of False?

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

Mass-CPA

[WANNABE_CPA]

annuity in advance

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

[WANNABE_CPA]

Can someone explain me the F4- Capitalization of interest?

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

[NJPRU]

Stoleway – true.. translation gains and losses are in OCI.

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

IM GOING TO BE A CPA!!!!!

[stoleway]

If you borrow funds specifically to build or manufacture an asset for the entitys own use, portion of the interest will be capitalized as part of the total cost of the asset.

The interest to be capitalized is determined by the AAE on the project.

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

Mass-CPA

[stoleway]

@NPJRU

Its false…everything is true except for the disclosure part.

GAAP is silent about disclosure of remeasurement gain or losses

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

Mass-CPA

[jrosen92770]

Found a post from a year ago:

I think (from my limited understanding and an incorrect question on it yesterday) is that you take the average expenditures of the project for the year and multiply this times the interest rate used for any outstanding loans. This tells you your “avoidable interest”. You then compare this avoidable interest to actual interest expense for the year and the lesser of the 2 is the capitalized interest.

Essentially, if the avoidable interest is greater than the actual interest expense incurred, the assumption is that you used excess cash for some of the costs of the project. You can not capitalize more interest than actually incurred.

However, if avoidable interest is less than interest expense, the assumption is that the loans (since some loans are not always specific construction loans) are used for other operations of your business.

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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