FAR Study Group January/February 2013 - Page 80

Viewing 15 replies - 1,186 through 1,200 (of 1,556 total)
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  • #400474
    Anonymous
    Inactive

    How are you all studying for IFRS? i'm not sure how else to study for it besides remembering the main differences between GAAP and IFRS for each subject

    #400475
    peetree
    Member

    @cpahopeful206

    Thats how I studied for it. It is a lot easier to remember the differences from GAAP then it is to learn it from the ground up. I felt like it was easier for my brain to compartmentalize the different facets of IFRS vs GAAP that way.

    I'll let you know if that strategy pans out tomorrow evening.

    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

    #400476
    Anonymous
    Inactive

    Alright thanks @peetree, best of luck to you tomorrow!

    #400477
    peetree
    Member

    https://www.youtube.com/watch?feature=player_embedded&v=l-gQLqv9f4o#!

    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

    #400478
    Anonymous
    Inactive

    omg peetree – wishing you all the best ..

    Sleep well, eat right, and read Ninja. we have faith in you

    Rooting for you

    GOOD LUCKxxxxxxxxxx

    #400479
    WICPA06
    Member

    Good luck tomorrow peetree! You are going to do awesome! Can't wait to see all our passing scores in 2 weeks!

    BEC - 77 (lost credit), 4/5/13
    AUD - 83
    REG - 77
    FAR - 73, 74, 80! One more to go!!

    #400480
    yemdross
    Member

    All the best Peetree, thanks for the video..It speaks volume through that kid

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

    #400481
    Anonymous
    Inactive
    #400482
    peetree
    Member

    “We've got work to do!” ~kid president

    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

    #400483
    Anonymous
    Inactive

    Peetree :

    Quiz ( financial instrument)

    1) if option is call and the price rises . is it gain or loss?

    2) if forward contract is short sell and the price decrease : is it a gain or loss?

    3) net investment – is it OCI or IS ??

    😀

    #400484
    LSNYC
    Member

    Thanks guys! I write this as I am starting studying for the night. I hung out with my husband for an hour before he headed out without me. Goal is midnight again tonight, really need to work on some topics, present value of everything, Bonds, Leases, Debt Restructure, Pensions…Oh what a fun night this will be…….

    Happy studying all!

    Good luck Peetree! You are going to kick this tests a$$ tomorrow!

    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!

    #400485
    peetree
    Member

    1) gain

    2) gain

    Hedge designated derivatives are reported on income statement unless cash flow hedge. Effective portion of cash flow hedge reported in oci.

    No hedge designation are reported on income statement.

    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

    #400486
    Anonymous
    Inactive

    Too good 😀 peetree: you sealed our faith …

    Good luck again.. no more quizzes for you

    #400487
    joch0803
    Member

    @nam, I agree chapter 10 is kicking my butt!!!

    @Peetree, good luck!!!!!!

    Hoping to finish chapter 10 in the morning. Also hoping I only half to work until noon tomorrow. Then begins my 3 1/2 day final cram/review session. I can't believe its already time!!!

    4 days to go…… : /

    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)

    #400488
    peetree
    Member

    Oh my god, phew.

    On number 2 I typed gain, then I deleted and typed loss, then was like no its a gain.

    Always go with your gut when in doubt!

    K quiz for someone else:

    After a quasi reorganization, how should retained earnings be presented and for how long?

    (No peeking in your study materials either!!!!)

    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

Viewing 15 replies - 1,186 through 1,200 (of 1,556 total)
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