FAR Study Group January/February 2013 - Page 67

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  • #400279
    LSNYC
    Member

    Getting a late start on studying tonight! Hoping to get 3-4 hours in before I crash….

    In other news I moved my test, I was able to find a date on 2/26 about 40 min away. It is not my usual testing center but I do not feel ready for next Saturday, and I know this weekend I wont be able to get as much time in as I need to make a final push (wedding, best friend in town, ect), so I wanted to push the exam back and this was the first time I was able to find another opening! This will give me an extra Saturday and Sunday which I think can make all the difference for me.

    So now you will be stuck with me for a few extra days!

    A - 61, 91!!
    B - 78!
    F - 76!!!
    R - 71, 73, 74, 69, 77!!!!

    Finally done!

    This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

    #400280
    gobias
    Member

    Looks like we've got a solid group on the V Day night shift. As for me, I'll be reviewing consolidations. Have a fun evening everyone! (or do your best not to claw your eyes out)

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

    #400281
    peetree
    Member

    Vday studying is awesome! Lol

    Yes @mclkt that is exactly what I'm saying to myself!

    Stop spying on me.

    Gonna run some flash cards now while eating valentine cupcakes. My gf is pretty much amazing, gonna put a ring on it when this is over.

    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

    #400282
    yemdross
    Member

    Power Night, who is awake?

    2014 experience..No more excuse, this is it!
    I CAN'T KEEP CALM UNTIL I BECOME A CPA

    #400283
    LSNYC
    Member

    I am awake……but not for long…midnight is usually my cut off

    A - 61, 91!!
    B - 78!
    F - 76!!!
    R - 71, 73, 74, 69, 77!!!!

    Finally done!

    This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

    #400284
    yemdross
    Member

    @LSNYC..Happy Studying, I will probably stretch it like an hour after you then am done.

    2014 experience..No more excuse, this is it!
    I CAN'T KEEP CALM UNTIL I BECOME A CPA

    #400285
    yemdross
    Member

    Does anyone know the easiest way to remember Cash flow statement both direct & indirect method. I am just looking for a better approach than just cramming this long list.

    2014 experience..No more excuse, this is it!
    I CAN'T KEEP CALM UNTIL I BECOME A CPA

    #400286
    joch0803
    Member

    Good morning : )

    Kicked butt last night and power thru chapter 9 section one. I went from behind one day to ahead a day in 12 hours!!!

    Today's Plan: Finish chapter 9 (not-for-profits) and possibly start chapter 10.

    Have a great day everyone : )

    Audit 10/2012- 77
    Reg- 1/7/13- 82
    Financial-2/25/13- 78
    BEC- 74,66,81!

    License pending : )

    Ethics- Passed
    Experience- Done

    Using Becker self study.
    **For BEC retake using Ninja Blitz, Ninja Notes, Ninja Audio, and WTB (my Becker expired)

    #400287
    gobias
    Member

    I just memorized the direct and indirect methods for the most part. Indirect has the formula:

    NI from income statement

    + depreciation and amortization of discount

    + losses

    – Gains

    – amortization of premiums

    – equity earnings in an affiliate (equity method)

    +/- change in operating assets and liabilities


    CFO

    For the direct method I just try to remember that an increase in assets is an outflow and an increase in liabilites/equity is an inflow. If the category you're being asked for has an outflow balance (e.g. cash paid to suppliers), outflows increase the balance. If it has an inflow balance (e.g. cash received from customers), inflows increase the balance.

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

    #400288
    MCLKT
    Participant

    GOOD MORNING! My FAR lovelies!

    Sooooo, I passed out last night at 9 pm, lol. I guess your body will let you know when you need a break.

    I feel great now. GREAT I say 🙂

    Reading through the comments from last night was funny!

    @Yemdross – for SCF – I just made sure I really understand N-direct begin with Net Income. Knowing Net Income and I back out non cash revenues and add in non cash expenses. IDK, works for me.

    For Direct, I second Gobias 🙂

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

    #400289
    Anonymous
    Inactive

    OMG OMG MCKLT: same here !! i thoght i will take 30 mins nap but i woke up in the morning .. I am feeling so guilty and scaredddd to deathhhhhhhhhhhhhhhhhhhhhh

    ..:-”””””””””””(

    i need fresh air , stepping out BRB

    #400290

    @FlipACoin – Nice watching out! Haha and he did get the gift of sleep!

    However, I got the same gift this morning …woke up at 5 a.m. and fell back asleep until 6:30….:( meh….

    A bottle of wine and staying up late sure will do that to you…

    Hoping to be off work early today to finish studying before mini vacation!!

    B 71 - 79 EXPIRED
    A 69 - 75 EXPIRED
    R 65 - 48 - 45
    F 56 - 61 - 65 - 64

    Becker, Wiley Test Bank, Wiley Text and Ninja Notes

    "The fish who keeps on swimming is the first to chill upstream" -311

    Experience - Done, like WAAAY done.
    Still need 30 more credits, in basket weaving (gotta love new CA requirements)

    #400291
    Anonymous
    Inactive

    Here I come pensions !!

    Happy studying far fam

    #400292
    peetree
    Member

    Good luck @NAM!

    What is everyone else planning on getting done this weekend.

    Gonna re-write the ninja notes this weekend and get arthritis in the process 😀

    Hopefully take the Becker 2nd final practice exam on Sunday before a full week of reading and flashcards next week before Thursday.

    NO RESCHEDULES, NO MERCY!

    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

    #400293
    Anonymous
    Inactive

    Agh… having one of those days where I am not retaining anything and even reading these questions makes me tired…

    Going to take a break and come back to it later

Viewing 15 replies - 991 through 1,005 (of 1,556 total)
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