FAR Study Group January/February 2013 - Page 49

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  • #400009
    peetree
    Member

    “who's betta ‘den us????”

    God how I love those deferred tax questions that just ask, “What is the current portion of tax expense for the year?”

    taxable income multiplied by enacted rate.

    Sooooooooooooooo simple. I would love a testlet full of those!

    FAR 02/21/13 - 95
    REG 07/02/13 - 87
    AUD 08/02/13 - 94
    BEC 08/30/13 - 85
    Ethics Exam - 90

    Illinois candidate awaiting his license

    Used Becker Self Study | Ninja Audio | Becker Flash Cards | Ninja Notes | Wiley Test Bank

    #400010
    MCLKT
    Participant

    Peetree, last night I missed an MCQ because I INCLUDED the current portion in my deferred liability, aghhhh. I wrote a note to read carefully. And made myself write out the journal entry. Damn Deferred Taxes!

    Nice new avatars FAR Fam!

    Powernight it is Nam. I know I've got a lot to do.

    @JamesB – thanks! I recommend getting angry ๐Ÿ™‚ I wrote a huge post about it… here:

    https://www.another71.com/cpa-exam-forum/topic/aud-how-i-earned-24-additional-points

    A:[73]97 F:[74]85 R:86 B:[74]82
    *NINJA 10 Pt. COMBO & Yaeger*

    #400011
    gobias
    Member

    Every time I get to/review a section I think, “THIS one is the one I hate most.” Regardless, I really do despise the F2 matching mcq's. So many questions and so wordy/tricky.

    F - 86
    R - 90
    A - 97
    B - 91

    #400012
    lbi18
    Member

    @peetree, haha, yeah…those are the easiest questions.

    Finally finished up F6 tonight. Going to do a thorough review of it tomorrow. Any other suggestions for reviewing the chapter other than redoing the MCQs/SIMS and rewriting the notes?

    FAR - 85
    AUD - 99
    REG - 85
    BEC - 10/4/13 (Waiting)

    Using Becker Self-Study

    #400013
    MCLKT
    Participant

    @Ibi18 – do you have flash cards? I like to use the Ninja Flash Cards for a review. And I make my own.

    Tonight's goal rewrite Foreign Currency, Segment Reporting and Deferred Taxes notes.

    And work 40 MCQ 3 SIMS.

    Will probably check back in with you all later tonight.

    A:[73]97 F:[74]85 R:86 B:[74]82
    *NINJA 10 Pt. COMBO & Yaeger*

    #400014
    to_be_a_CPA
    Participant

    Hey FAR fam,

    Its been a while since I checked in. Study has been going super slow. However, I am trying to get it in gear because my test date is drawing near. I am using Wiley text book and test bank since my becker expired. I hope to get through 3 chapters by the end of this weekend so I can have a full two weeks to review and go through all the MCQs at least one more time.

    Happy studying!!!

    AUD- 61,76-PASS!!!
    BEC-60,71,76-Pass!!!
    REG-66,78-PASS!!!
    FAR-71, 81-Pass!!!
    MD Candidate

    Becker Self Study expired now using Wiley Text Book and Test Bank

    #400015
    lbi18
    Member

    @MCLKT

    I have the Becker flashcards. Sometimes, I will go through them and speak aloud to pound the logic in my head. For some reason, saying something aloud really helps. I will either get to that tomorrow or Friday!

    I also need to go grocery shopping tomorrow before Winter Storm Nemo hits this weekend!

    FAR - 85
    AUD - 99
    REG - 85
    BEC - 10/4/13 (Waiting)

    Using Becker Self-Study

    #400016
    peetree
    Member

    Yeah @lbi definitely like rounding out a session of studying with some flash cards. I'm glad you got through F6! Its really all downhill from there.

    Just finished going over my notes again and gonna hit some flash cards as well.

    Happy studying tonight everyone.

    FAR 02/21/13 - 95
    REG 07/02/13 - 87
    AUD 08/02/13 - 94
    BEC 08/30/13 - 85
    Ethics Exam - 90

    Illinois candidate awaiting his license

    Used Becker Self Study | Ninja Audio | Becker Flash Cards | Ninja Notes | Wiley Test Bank

    #400017
    lbi18
    Member

    @peetree, by downhill…you mean harder? or easier? haha

    FAR - 85
    AUD - 99
    REG - 85
    BEC - 10/4/13 (Waiting)

    Using Becker Self-Study

    #400018
    Anonymous
    Inactive

    I am so sleepy ๐Ÿ™ ๐Ÿ™ and and I had 2 cups of coffee …

    #400019
    MCLKT
    Participant

    I just wrapped up Foreign Currency which was an exposed weakness.

    90%!!!!!!!!

    Moving on to Segment Reporting….

    Ilbi18 – I like to read aloud too. Especially when I get sleepy.

    Nam… Read out loud! Get as much of chapter 2 out of the way tonight so you don't have to face it again tomorrow. At least not for long ๐Ÿ™‚

    A:[73]97 F:[74]85 R:86 B:[74]82
    *NINJA 10 Pt. COMBO & Yaeger*

    #400020
    MCLKT
    Participant

    my foreign currency notes: meh, they work for me, lol

    FFtT – OCI

    ========

    (F)unctional (F)oreign curren(T) (T)ranslate

    BS – CURRENT

    IS – AVG (just like a turnover ratio)

    c/s = historical

    RE = AVG Historical

    NFRM – His

    ===========

    NonForeign ReMeasure

    Historical-mix

    Nonmon – historical

    monetary – current

    IS – AVG

    A:[73]97 F:[74]85 R:86 B:[74]82
    *NINJA 10 Pt. COMBO & Yaeger*

    #400021
    peetree
    Member

    No I don't think so @lbi

    Governmental and not for profit isn't that bad really. F10 is so random but very easy. F7 may give you some issues but as long as you journal out your par value and market value treasury stock transactions, you should be able to get it down really easy.

    I'm going to be doing the F7 sims and homework again today so we'll see how much I retained.

    FAR 02/21/13 - 95
    REG 07/02/13 - 87
    AUD 08/02/13 - 94
    BEC 08/30/13 - 85
    Ethics Exam - 90

    Illinois candidate awaiting his license

    Used Becker Self Study | Ninja Audio | Becker Flash Cards | Ninja Notes | Wiley Test Bank

    #400022
    Anonymous
    Inactive

    I have to I have to I have to I have to finish chapter 2 today …..

    I am gona be so high on caffeine for 2-3 weeks ..

    Lets beast this FAR

    Happy studying FAR fam Xxxxxxx

    #400023
    lqk5015
    Member

    Hi everyone! So I'm going for my second attempt at FAR in 13 days (ahh!).. I studied this first time around for 3 whole months and only got a 69. I kind of feel like that was out of luck because even with all my studying, I did not feel ready! Does anyone have an opinion on whether the test changes based on your first exam scores? For example, the first time, I had a lot of ABC questions and I was REALLY strong in that area. Now, I feel like they will give me totally different questions because I did so well on ABC. Anyone else agree or do you really think it is all “luck?”

    Anyways, my biggest challenge is with Becker chapter 5 (Bonds Payable, Leases, etc..). Does anyone have any good notes on these? I feel like I am reading the same things over and over and just not getting it. Could anyone share?

    Thanks and happy studying!

    AUD - 69, 82
    BEC - 73, 79
    FAR - 69, 75
    REG - 67, 78

    FOREVER FINISHED!!

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