FAR Study Group April May 2017 - Page 41

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  • April 23, 2017 at 2:05 pm #1537435
    aatoural
    Participant

    Jus for clarification purposes bfore I move on to another topic. Now for ownership interest it should be like this:

    FV Method <20% and no significant influence (treat as TS or AFS)
    Equity Method = > 20% with significant influence or less than that but significant influence exerted
    Acquisition Method => 50%

    In summary all that changed is no cost method any more?

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

    April 23, 2017 at 3:46 pm #1537458
    SallyCPA
    Participant

    @krstnam Coming in clutch with those notes…thank you!Based off what I'm hearing there is going to be several DRS sims which I am really scared for…

    April 23, 2017 at 4:22 pm #1537471
    HoldMyBeerCPA
    Participant

    Well, I just took the practice exam using Roger's software. I got an 88%. I'm not really paying attention to the score, especially since it only took me about 2 hours and 15 minutes. That practice exam has given me SOME confidence heading into next Sunday. At least I know I can finish the exam (though I'm assuming there will be much more difficult questions come exam day). Time for a 38 minute break then it's back to re-writing notes and NINJA MCQs.

    April 23, 2017 at 7:59 pm #1537540
    SallyCPA
    Participant

    What are ya'll trending on NINJA MCQ?

    April 23, 2017 at 8:09 pm #1537548
    HoldMyBeerCPA
    Participant

    Trending at 77% and an average score of 78%

    Freaking Gov't and NFP driving down the scores.

    April 23, 2017 at 8:13 pm #1537552
    mtaylo24
    Participant

    @Turbo NICE!!! Have you just been doing the adaptive sessions or are you going by topic?

    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 23, 2017 at 8:22 pm #1537555
    HoldMyBeerCPA
    Participant

    A mix of both. When I wake up in the morning and before bed at night I do about 20 adaptive MCQs each time on my iPad. During the day, I usually choose new MCQs for topics I've struggled with. In this final review phase, I've been going through each chapter in the Roger book then doing 10 MCQs related to that chapter.

    Once I get halfway through tonight through my final review tonight, I'll do a “cumulative” midterm of about 40-50 MCQs for the first 15 chapters of the Roger book. If I can get through the other 15 chapters by Thursday, I'll do another cumulative 2nd midterm of 40-50 MCQs for the last 15 chapters of the Roger book. Hopefully, I'll have the energy to do another practice test on Friday, this time on NINJA, because I felt that Roger was not challenging enough.

    Mind you, if I were studying for Gleim, my averages would be in the tank and my review books would be out the window 🙂 I saw a few MCQs from the test bank, BLECH!

    April 23, 2017 at 8:26 pm #1537561
    SallyCPA
    Participant

    @TurboSandwhich Very impressive!! Are you practicing sims as well?

    April 23, 2017 at 8:29 pm #1537563
    HoldMyBeerCPA
    Participant

    I think I've done maybe 10 sims in total across Roger and Ninja MCQ. I haven't come across one that was overwhelming to this point (though I did have a sim on receivables, a trouble area for me). I'm planning on practicing sims/DRSs only for Government/NFP, leases, and notes payable. The rest, hopefully, won't catch me by surprise on exam day.

    April 24, 2017 at 7:51 am #1537678
    mtaylo24
    Participant

    One month to go! Welcome back anxiety 😂

    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 24, 2017 at 8:13 am #1537684
    aatoural
    Participant

    Just rescheduled for May 31st at 8:30 am. Last day of the testing window. I wanted to use the long weekend to study heavily.



    @mtaylo24     – I woke up with that anxiety too. Had a bad study day yeasterday. The struggle!

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

    April 24, 2017 at 10:38 am #1537744
    mtaylo24
    Participant

    Ninja MCQs users, Jeff just posted this in his “Ask Jeff” thread regarding Q2 changes.

    https://docs.google.com/spreadsheets/d/1HZRHG8aUgLfRo4RIavLi6qfoUcAdwQ62IsPdsX9hwlo/edit#gid=1929256003

    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 24, 2017 at 11:01 am #1537753
    Lexi
    Participant

    If I can offer a piece of advice as someone who most likely just failed this part…DRS DRS DRS!!! Good luck everyone!

    April 24, 2017 at 11:34 am #1537768
    HoldMyBeerCPA
    Participant

    I've been hearing a lot of terrible things about these DRSs. On a scale of 1-Gleim Gov't/NFP materials, how bad were the DRS? Also, do you think the practice DRS with the Roger review courses are sufficient?

    April 24, 2017 at 12:15 pm #1537792
    SallyCPA
    Participant

    @mtaylo24 Have around the same amount of time to review as you..how are you reviewing? Also how is everyone practicing these damn DRS sims..

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