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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
@Kenada
That's what I thought as well, I thought if the donor is silent about it then we have to transfer any income or losses to the unrestricted funds. I guess there might be some tiny details we are missing.
REG -63│ 84!! BEC- 59│70│ 71 │78! AUD- 75! FAR- 87!
Mass-CPA
Stoleway – Thanks for putting up questions that challenge us.
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
A reporting unit is one level above or below an operating segment?
I will say one below
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!
@joe
You're welcome, the biggest mistake we should try to avoid is studying this things for too long.
It feels like im reaching the point of diminishing returns, and most of the things I know are gradually escaping me.
It feels terrible, I wish 31st was here already.
below
I know about the point of diminishing returns.
I did pensions and got 78%
I did inventory and got 64% — Shemurr! – I realize the installment and long term contracts aren't my strong area.. otherwise I am fine in inventory.
Moving on to Bonds… then lease… last if NFP…
Below -A component of an operating segment is a reporting unit
Is this anyone's last one like it is for me? I lose AUD 5/31… so I have a lot on the line!
Happy Memorial Day Weekend Cram everyone!!
Does this look right?
Valuation of Goodwill – Reporting Unit
Step 1 – Determine is there impairment (Book value Reporting Unit – FV Reporting Unit) If > means potential impairment, move to step 2
Step 2 – Take difference between Implied Goodwill and Actual Goodwill
Implied Goodwill = FV Reporting Unit – FV of Assets/Liabilities
@ Allie this is my last one as well and if I don't pass I lose BEC
FAR- 85 I'm DONE! BEC- 75 REG- 60,60,75 AUD- 74,74,83
CPAExcel used for BEC, AUD, REG Exam Matrix used for FAR plus NINJA Blitz, cpareviewforfree and a little CPAExcel
STEP 1……Carrying Amount of reporting unit > Fair value of reporting unit including goodwill…..move to step 2
STEP 2……Implied FV= FV of reporting unit including goodwill – FV of reporting unit excluding goodwill
STEP 3…..Actual goodwill – Implied FV of goodwill = Impairment loss
Thanks for bringing this up, I will memorise this everyday.
Stoleway – How are you on PAR vs. Cost Method for Treasury?
umm, I will say no problem
Stoleway seemed great help in that for me 🙂
Thanks to you its making more sense – I appreciate the help you gave.
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