[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]

@Mago20, 2012 Becker FAR >>>> NOT for government accounting (F8 & F9).

Government accounting shows my weak area on my performance report. (It used to be my only strongest area on my FAR Take 1 for 62 as final result).

I regret not getting the updated Becker when I retook it in Q1. It would have made a huge difference. I was only 2 points away back then. Bummer!

[CPAfit]

@joe I feel you man. The stress is way too much bro I just hope we all pass and don't have to study for FAR again. @lauren just relax girl you got this we all believe in you. You are well prepared for this exam so just stay calm, RTMFQ and kill FAR. Good luck to all taking their exam this week.

[CPAfit]

@jenni same goes for you. Don't let this exam get to you as you know your concepts very well and we all know you will pass this. Go get that 75 girl 🙂

[mago20]

Thanks Amor

[cpain2015]

Exam in 24 hours…been doing MCQ like crazy… I feel somewhat confident then I start doing more MCQ and get questions wrong..does anyone have any words of encouragement or strategy before the exam… I am only going to focus on my weak areas today…Governmental, Not for Profit, Foreign Currency

FAR - 73, 75 PASSED
AUD - 74, 96
BEC - 79
REG - 89! Done. I'm a CPA!!

[Anonymous]

cpain2014 and Jenni – I had the same issue on Monday and Tuesday.

All I can say is slow down and read the question when you are doing your practice session. Have faith in yourself. You can do it 🙂

You know your concepts and don't panic…

Keep Calm and Read the question – there was nothing in the exam that was super strange or something that the review materials have not covered.

As long as you have a good grasp of your concepts you can “Problem Solve” to the answer. Including the SIM's.

[jennibfox]

Thanks Kenada. That is reassuring.

FAR - JULY 2014 - PASSED
BEC - MAY 2015 - PASSED
REG - AUG 2015 - PASSED
AUD - AUG 31 2015

[jrosen92770]

Thanks Zubairs. It's going to be crazy next Friday. Hopefully we all passed.

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

[ahugemistake]

Hi guys,

I am using the wiley books to study and am having a really difficult time understanding the derivatives and hedging section. Is there a another free resource someone has used to break this down, and also what is the frequency of these subjects on the FAR? I don't know how important this is but I am thinking about completely skipping this section.

thanks for your replies.

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[Anonymous]

Derivatives and hedging sections >>> VERY IMPORTANT part of FAR.

[stoleway]

On December 31, 20X1, Kale Co. had the following balances in the accounts it maintains at First State Bank:

Checking account 101 $175,000

Checking account 201 (10,000)

Money market account 25,000

90-day certificate of deposit

due February 28, 20X2 50,000

180-day certificate of deposit

due March 15, 20X2 80,000

Kale classifies investments with original maturities of three months or less as cash equivalents. On the December 31, 20X1, balance sheet, what amount should Kale report as cash and cash equivalents?

A.

$190,000

$200,000

C.

$240,000

D.

$320,000

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

Mass-CPA

[ahugemistake]

@amor Yikes! I guess I better get to grilling

@stoleaway I think the answer is C 240 because the march 31st CD has an original 180 day maturity *

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[stoleway]

Ok Ninja said the answer is C but I doubt it, because a negative account balance is considered a liability and should not be used to determine cash and cash equivalent.

I need more opinions on this:(

Jeff, Please shed some light on this if you're reading. Thank you

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

Mass-CPA

[Anonymous]

You would net the two checking accounts together because if you have a negative balance AND a positive balance at a bank, you just net them. If those two accounts were at different banks however, the negative one would be a liability

[stoleway]

@amanda_1988

Hey, thanks a lot….I missed that part (same bank ). This is how it feels when you're getting close to exam day. God help me…lol

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

Mass-CPA

[Author]

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