[jeff]

Welcome to the Q2 2017 CPA Exam Study Group for FAR. 🙂

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

[aatoural]

@mtaylo – the only thing that got me to understand how installment method works was doing T accounts. maybe that would help you for tomorrow just incase. GOOD LUCK!!

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

[SallyCPA]

What are your plans if bad news hits in August? Retake first week of September? Hopefully we won't have to but it is something to think about…

[mtaylo24]

@Sally I'll just quit

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)

[SOX with sandals]

@SallyCPA my goal is to take REG in the first part of August. With regard to a retake with FAR, Sept 11-30 is a blackout period. If I find out I failed FAR, which is very possible, I may try and retake in first part of Sept before the blackout period or perhaps the earliest possible in October. It all just depends.

[Jj]

@mtaylo that installment post was clutch. The main things like dgp/gp%= sales are key

[aatoural]

@SallyCPA – 1st shoot myself
…………2nd resuscitate
…………3rd try again for the September

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

[mtaylo24]

😂 aatoural do you have anything expiring this window?

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)

[Jj]

The thing about installment sales is as long as you know the key calculations to find dgp gp% and you can always check your work to make sure the figure you're asked to find plays out with the foundation equations you do know… if thst makes sense

[aatoural]

@mtaylo – no. My first expiration is February next year. However I need my life back.I know you understand that.

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

[mtaylo24]

I Understand completely!

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)

[jweeks21]

Just finished taking my last mock exam through Becker…. On the first I got a 74% (MC-61%, SIMS-82%) and on the second I got an 81% (MC-62%, SIMS-89%). I was wondering if anyone who's already taken the test and took Becker's mock exams prior could provide any feedback on how they compare? I'm taking the exam on Wednesday and I feel pretty confident but I wish my MC results were a little better, just looking for advice as we near closer to exam day… Good luck to everyone!

[aatoural]

been studying since 10 in the am. I think I should call i quits for the day, but Im scared whatever I don't study today will be on exam. Anybody has those fears?

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

[aatoural]

@jweeks21 – Here is my scores

Mock Exam 1
MCQs 65%
SIMs 80%
Overall 74%

Mock Exam 2
MCQs 65%
SIMs 73% (the inventory one killed me!)
Overall 71%

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

[jweeks21]

I didn't have an inventory SIM thankfully but I can assure you that if I did I would have gotten wrecked as well.

[notanauditor]

@BobbyCapsCPA I think I covered 70-80% of both sims and MCQs in my study material. The sims I had on the exam are seriously not terrible but just a ton of info and calculations to go through now that I think about it. I just hope I didn't mess up too much since I was on such a time crunch not leaving as much time for them as I planned…

[Author]

Replies