[Q2] FAR Study Group 2014 - Page 65

  • Creator
    Topic
  • #183478
    jeff
    Keymaster

    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

Viewing 15 replies - 961 through 975 (of 6,668 total)
  • Author
    Replies
  • #561467

    Ooooo I sense a great separate thread on CPA exam superstitions. …bet it would be a good one…anybody who's been around or read the archives knows about the red panties one… (boxers for me….)…wonder what else is out there..

    MBA,CMA,CPA, CFF?, ABV?

    #561468
    Anonymous
    Inactive

    Red panties? What? That will help me pass? DONE!

    #561469
    KRina
    Member

    @Mommy & NJPRU thanks so much the tips. I will keep them in mind and practice as I study.

    also, I am very superstitious @ Tee and @Ale. This time around, I schedule in my goodluck center. My last FAR I had schedule at this good luck center and reschedule to the center I always fail. My gut was telling me not to reschedule but I did not listen. I learned my lesson

    #561470
    Anonymous
    Inactive

    It's getting real! 2 and a half weeks before exam date. This is how I am laying it out. Do MCQ's for 3-4 topics from WTB (I used Becker for lectures but using WTB for final review) each day for 2-3 hours. Spend about an additional hour in re-writing notes for those topics. I am hoping to get done with all the topics in 9 days. This will leave me with about 7 days. This is when all I will be doing is MCQ's of all the topics, reviewing notes and listening to Ninja Audio during free time. My biggest worry is SIMS 🙁

    #561471
    Anonymous
    Inactive

    BUMP!

    (Posted this 1-2 days ago. I hope someone will take time to answer. Thanks guys.)

    While reviewing my old notes, I encountered this:

    (Written on 10/2013,) US GAAP requires the disclosure of material RPT EXCLUDING: 3 [CEO]

    C – Compensating arrangements

    E – Expense allowances

    O – Other similar items

    I am not sure if I wrote it right. Is my word for EXCLUDING correct? Should it not be including? I am doubtful of my own notes, LOL.

    I hope someone can confirm it or correct me if it's wrong. Thanks guys.

    #561472
    Anonymous
    Inactive

    @AleFLCPA–Have I finished going over all my review material? Um no. I haven't touched NFP. I took one look at pensions last night and promptly closed the notes. I did horribly on Consolidations, foreigh currency translations, debt restructuring, and Monetary CA and CL so I have to start fresh on all those sections. I have 592 MCQ and 25 SIMS that I haven't seen yet and 1087 MCQ and 53 SIMS that I haven't seen twice. I have Tuesdays and Thursdays from 6-12 p.m. and from 1:00 p.m. on Saturdays to 12:00 p.m. on Sundays without the kids to study as much as I can. That's approximately 20 hours a week for 3 weeks. Is that enough time considering I have touched several sections yet?

    #561473
    Anonymous
    Inactive

    AND I still want to do all the AICPA release questions from 2006-2013 before the exam.

    #561474
    stoleway
    Participant

    @Amor D

    The 3 things you listed are transactions that relates to ordinary course of business and should NOT be disclosed.

    This applies to every executive or anyone involved in the decision making of the business.

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

    Mass-CPA

    #561475
    Anonymous
    Inactive

    Thanks Stoleway for explaining why. So I guess I wrote it right. LOL.

    Now I can keep my peace about this disclosure restriction since you provided me with a good explanation as to why.

    #561476
    stoleway
    Participant

    @Amor D

    I like your nnemonic though…CEO…im gonna keep it for sure.

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

    Mass-CPA

    #561477
    namaci
    Member

    I have a quick question (it's a problem more than a question). I am studying for FAR and using becker materials but i have been doing 10 years of tax work so I am finding it difficult to get out of that state of mind. I am having a lot of problems with chapter 2 matching revenue and expenses and I was just wondering if anybody has any helpful tips to understand/make the accrual questions easier?

    Thanks a bunch!

    #561478
    NYCaccountant
    Participant

    If you started the year with AR of 100,000, had sales of 200,000, and had an ending AR of 50,000.

    Just add begininng AR to the sales and subtract out ending AR. That's your cash you collected. Unless you wrote some

    of the AR off during the year, but the exam won't be that tricky. Once you understand how income statement accounts

    affect the balance sheet and accrual accounting it's a piece of cake.

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

    #561479
    23K
    Participant

    FAR – is a beast compared to Audit

    Been rough this the last week and MCs seems to take a long time to do

    AUD--52,68,83, expired. Retake = 74 RETAKE - 7.24.26
    FAR--73,70,68,75
    BEC-- 79
    REG-- 68,62,75

    #561480
    WANNABE_CPA
    Member

    Hey Guys, soo i am back…after getting a 74…spent 1 week to recover…getting the courage to get back and fight again now..Planning to take it again 2nd week May.. coming down to a list of issues need to go over first before reviewing all again.

    Anyone disappointed with a score like mine…share your strategy now for the next attempt. Getting a 74 was something i never wanted to encounter, but its true you have to go through your fears in order to GROW .lol.

    FAR – 68 , 74 (2/25/14)

    REG – TBD

    BEC – TBD

    AUD – TBD

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

    #561481
    Anonymous
    Inactive

    I've seen some people who missed FAR by a few points get another 74 or lower on their next attempt. This really scares me to death.

    We can't aim for just 75 on our next attack. We must aim for 95 or higher. Chances are we get tripped up again.

    Oh my, so what do we do now? I mean, how do we do it without tripping up again?

Viewing 15 replies - 961 through 975 (of 6,668 total)
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