FAR Study Group April May 2017 - Page 22

Viewing 15 replies - 316 through 330 (of 1,619 total)
1 2 3 … 21 22 23 … 106 107 108
  • Author
    Replies
  • April 6, 2017 at 6:09 am #1529374
    mtaylo24
    Participant

    @yo831ca, They are only asking for income. Under the equity method, you would only recognize dividends as income if it was a preferred dividend. If the last line wanted to know the carrying amount of your investment, then you have to add your income to your initial amount and then Subtract the dividend (all in your balance sheet), but they only want to know how much you earned from your investment (income only – income statement). I hope this helps.

    Investment

    Dr. Investment
    Cr. Cash (or cs if you issue stock)

    Dividend

    Dr. Cash
    Cr. Investment

    Income

    Dr. Investment
    Cr. Revenue

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    April 6, 2017 at 9:03 am #1529401
    mtaylo24
    Participant

    @aatoural I just booked 5/23 as a placeholder. I hope something opens up the last week of May.

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    April 6, 2017 at 9:21 am #1529413
    Anonymous
    Inactive

    i'm 5/23 too!

    April 6, 2017 at 9:29 am #1529422
    SallyCPA
    Participant

    Does anyone think that NINJA MCQ for FAR is much better than Becker?

    April 6, 2017 at 11:41 am #1529523
    mtaylo24
    Participant

    @automn3 That's what's up! I need you to keep me on track!

    @SallyCPA What's wrong with Becker? My experience has been Gleim is good to learn on, but terrible for Final review (enter Ninja). Ninja isn't the best to learn on (enter Gleim), but good for Final Review. It might benefit you to work start with Becker then switch to Ninja towards the end.

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    April 6, 2017 at 11:59 am #1529532
    Cjsr
    Participant

    @hwasup7 For me it was worth it to re-read Becker one last time in the last week. I took my notes on notecards, making them essentially flashcards, instead of taking notes on paper, and I had those next to me as I was re-reading, to make sure I remembered what I considered the high points before.

    BEC Jan 2016 83 Becker FastPass
    REG Jan 2016 83
    AUD May 2016 92
    FAR Jul 2016 74
    FAR Mar 2017. 91 Becker book + NINJA 10-point combo

    BEC. 83. 9 Jan 2016
    REG. 83. 30 Jan 2016
    AUD. 92. 27 May 2016

    Becker FastPass with in-class videos

    April 6, 2017 at 1:54 pm #1529607
    Anonymous
    Inactive

    @mtaylo24 this will be your last exam 🙂

    Ok i need advice: i have been doing the “old school” method: listen to the lectures, read the book, highlight, and do MCQ after each section. I am thinking to go the ninja way, do you guys recommend it? has any of you tried it? Am i too late? I am just finding it difficult to remember the earlier chapters (those small details that is) so i need to change something. I plan to do a lot of sims and njnja MCQ the last 2.5 weeks as my review.

    April 6, 2017 at 2:50 pm #1529643
    Anonymous
    Inactive

    @YO831ca okkk really don't know how the reply works, maybe putting your name? regarding you question, if you hava Becker in pag F4-26 module 2 you'll see a graph explaining fair vale and equity method. if not, for the equity method what goes in the
    Income statement is the 1) share of income (investee income), 2) goodwill (+ land) less 3) the amortized FV>NBV
    balance sheet “investment account” is 1) purchase price plus 2) investee income less 3) amortized FV>NBV less 4)investee dividends

    April 6, 2017 at 4:45 pm #1529682
    SallyCPA
    Participant

    @mtaylo24 I have been using Becker for every test but didn't start passing any exam until I started with Ninja MCQ. The new Becker format is really difficult to do cumulative progress tests especially with FAR having so much material. With BEC and REG I used Becker mainly to learn everything and write notes, then I would do NINJA MCQ while I was going through Becker. I love the adaptive learning with NINJA but I feel like I can only start using it after I get through all of the FAR Becker material.

    April 6, 2017 at 7:51 pm #1529830
    mtaylo24
    Participant

    @sally, So we are in the same boat. Definitely try to budget 2-3 weeks for Ninja. When do you sit?

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    April 6, 2017 at 8:09 pm #1529844
    SallyCPA
    Participant

    May 31st…I just said screw it and started using NINJA while still on FAR 6 for BECKER..what have you been doing for studying and reviewing?

    April 6, 2017 at 8:12 pm #1529847
    mtaylo24
    Participant

    I am on Ch 19 of 20 with Gleim. Just attacking both the TB and sim banks, studying JEs here and there. I may read later idk lol. I'm going to go through all of my missed questions in Gleim after I finish this round, then I'm switching to Ninja and will probably do the same thing.

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    April 6, 2017 at 10:58 pm #1529943
    SallyCPA
    Participant

    @mtaylo24 For some reason I feel like NINJA's format makes all the difference. I don't have any experience with Gliem…what do you think are the most important topics that you've seen on FAR? Also when are you taking it?

    April 7, 2017 at 3:51 am #1530060
    mtaylo24
    Participant

    @SallyCPA I'm sitting on May 23, but trying to push it back. Its all important, but knowing Government/NFP and IFRS differences are a must! Everything else is fair game.

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    April 7, 2017 at 8:42 am #1530082
    aatoural
    Participant

    @mtaylo24 – Hopefully you find that spot the last week. I was thinking about moving it to the 30 if something opens up because that is a long weekend for us.

    I agree with you on the Governmental & NFP and GAAP vs IFRS. They are a MUST indeed!

    Does anybody have (or know where I can find) a good summary of the going concern basis and the liquidation basis of accounting? Becker book does a very poor job on it and I cant seem to get MCQs on that topic right because I did not get enough knowledge from the 3 pages the book has.

    BEC - PASSED
    AUD - PASSED
    REG - PASSED
    FAR - PASSED

    BEC - PASSED
    AUD - 8/29/16
    FAR - TBS
    REG - TBS

  • Author
    Replies
Viewing 15 replies - 316 through 330 (of 1,619 total)
1 2 3 … 21 22 23 … 106 107 108
  • The topic ‘FAR Study Group April May 2017 - Page 22’ is closed to new replies.