FAR Study Group April May 2017 - Page 108

Viewing 14 replies - 1,606 through 1,619 (of 1,619 total)
  • Author
    Replies
  • #1563588
    Jj
    Participant

    Did anyone get a sim on foreign currency trans?

    #1563589
    Jj
    Participant

    I think I did better than I though, just leaving things blank makes me feel like I'm passing in something incomplete. We'll see.

    #1563591
    itsj0nathan
    Participant

    @beantown, @CPAIN2K17, @ Cruzer

    Did you fill in any sims with 0's?

    Do you remember there being a decent amount of empties in the CFLOW and INC Statement?

    BEC- 71, 7/02/16
    AUD- 67
    FAR- 08/27/16
    REG- 10/15/16

    #1563594
    Wannafree
    Participant

    Yes beantown ,it was there in my 1st SIM ,one field of 40 fields.

    #1563597
    Cruzer
    Participant

    @Beantown23 yeah, that SIM was hard AF. I think that was the toughest one on the entire exam. Praying it was a pretest and not graded.

    #1563598
    Jj
    Participant

    @itsjonathan I had a decent amount of emptys on both is and cf. I think I put 0s for one and left the others blank. I don't think that matters IMO. I think they only grade the right answers. I think sims on Becker require 0s just because that's the grading software they use. Did you get a sim on foreign currency trans?

    #1563601
    SallyCPA
    Participant

    @bean I got the foreign currency one. Seriously the one topic that I purposely didn't study because I didn't think I would get it. Feel like it was worded so weirdly and Becker didn't even cover any of the details they were asking for. I don't think i would of gotten it even if I did focus on it while studying.

    I find it really weird how some of you didn't get any NFP or Gov. I would say that literally 65% of my multiple choice was gov.

    #1563604
    Jj
    Participant

    Ya that sim was worded so weird for the foreign currency. I put the middle JEs as no entry. That was the only way I could make my entries balance with the he loss on the purchase date. I dno.

    #1563606
    itsj0nathan
    Participant

    @beantown. I honestly cant remember if I did or not, I took mine last week and its all a blur. I also had a decent amount of empties on the ic and cf. My bank rec also had a couple empties.

    BEC- 71, 7/02/16
    AUD- 67
    FAR- 08/27/16
    REG- 10/15/16

    #1563607
    Jj
    Participant

    I couldn't get my bank recon to balance. I notice there were a bunch of checks in transit though I'm not sure if I left too many blank on the bank recon but the books I might have had a couple

    #1563613
    Cruzer
    Participant

    @itsj0nathan I didn't put any zeroes just left blank like the instructions said to if no answer or adjustment is required. Each document reviewed required an adjustment or would provide information needed to determine if adjustment was needed. The easiest SIM in the last testlet was free points. When there is a way to check your answer to make sure you are 100% right it makes you feel good.

    #1563618
    SallyCPA
    Participant

    @bean Yeah I couldn't figure out what to leave blank. Pretty sure I left the last one blank because it said they just issued a purchase order…definitely messed up that SIM completely but oh well…

    #1563621
    itsj0nathan
    Participant

    @cruzer,

    What are you considering the easiest sim? The easiest to me was the bank rec.

    BEC- 71, 7/02/16
    AUD- 67
    FAR- 08/27/16
    REG- 10/15/16

    #1563624
    jeff
    Keymaster

    Closing thread – see everyone in the new study group.

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

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