[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

[moreinfo2013]

@ How many letters

I agree…I really like how Roger explains bonds concepts and the flow. It makes sense to me. Everything is connected instead of random bits and pieces.

[Anonymous]

Soooooooo, I made a list of all the topics that I know are going to be my downfall on the SIMS. I'm averaging 80's and 90's on the Becker comprehensive tests so I've decided that doing one comprehensive test a day along with concentrating on one problem area for the SIMS is my strategy. Yesterday was Treasury Stock, finally did a side by side journal entry for cost vs par method and I think it clicked. Sometimes you just gotta see it to get it. Today I was on to Cash Flow Statements, or thought I was until my boss had a stroke in the office and I pretty much threw in the towel for figuring that out. Then a little tidbit of information in the answer to the SIMS made it click. For the indirect method:

Balance Sheet Debit account increase = decrease

Debit account decrease = increase

Credit account increase = increase

Credit account decrease = decrease

In short: DI = D

DD = I

CI = I

CD = D

Just thought I'd share that, might help someone else.

[How many letters do you need]

Brooklyn: 80s-90s on the Becker Comprehensive? I would say grab a beer and just try to keep it fresh because you should be golden. Thats some awesome scores…

MBA,CMA,CPA, CFF?, ABV?

[Anonymous]

The multiple choice on every exam wasn't what got me letters, it was those damn SIMS. I'm 3 for 3 on these exams and I vow to make it 4. I got a lot on the line, if I pass I inherit my bosses clients. It's those damn SIMS that terrify me. Journal Entries are not my thing and I have a gut feeling I'm going to get a cash flow, treasury stock, and pension SIM. I'll die I swear, LOL

[oilgaslb]

Gave in and called the dr…not good news, but my specific nurse needs to call me to speak to me about it. I would have rather they played dumb than told me that. Here's to waiting for the phone call with real information and attempting to ready through NINJA notes afterwards somehow.

Sorry to bring the forum down, but it's nice to vent about how it's affecting my studying also.

[NJPRU]

Best of luck to you oil. I wish you the best. 🙂 <— try to do that once in a while. smiling is always helpful.

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

IM GOING TO BE A CPA!!!!!

[How many letters do you need]

I'm rooting for you oilgas. Really hope it turns out better than they think. Even experts can be wrong sometimes, that's why they have second opinions. Keep your chin up and keep fighting no matter what…

MBA,CMA,CPA, CFF?, ABV?

[How many letters do you need]

Love the tenacity brooklyn!

MBA,CMA,CPA, CFF?, ABV?

[Anonymous]

Please help me on this question.

Accordingly, when the acquisition price exceeds FV of the net assets acquired, A + L should be presented at FV.

(Acquisition Price > FV) → Excess is called GW.

How do present A + L when Acquisition Price is below FV, in which the difference is called gain?

[teeteenounouche]

oilgaslb, it's ok, vent away, maybe FAR can be the distraction from what the nurse has to tell you (if that's even possible 🙂

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[GoingToBeCPA87]

@brooklyncpa please do tell your study technique with those awesome scores

FAR: April or May 2014
AUD:
REG:
BEC:
Scared: 100

FAR first and only attempt: 2014 Wiley textbook, 10 Pt Combo, and WTB

I only get one try to have to give it my all and try to get 75 on my first go around.

-The only thing that stands between you and what you want out of life is the will to try and the faith to believe it's possible.

[Anonymous]

@Oilgas, may you find strength and comfort as your Big God and your little Man hug you and smile at you each time of the day!

[teeteenounouche]

Amor, A and L are valued at FV to calculate a bargain purchase where you recognize a gain.

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Anonymous]

Still at FMV? Ah okay. Thanks Tee.

[teeteenounouche]

Yes, bargain purchase is the opposite of goodwill…

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Author]

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