[jeff]

FAR Resources:

Free FAR Notes & Audio – https://www.another71.com/cpa-exam-study-plan

FAR 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

FAR Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[Anonymous]

@ssiegri–Treasury stock is only accounted for the months outstanding, whereas common stock is treated like it was outstanding all year long. That is why you only multiply the TS by 9/12 and not the CS. Also, to compare the years you have to treat year one as if the stock split had occurred in year 1 for the outstanding common stock. That is why you don't add the TS to it before coverting to the 2:1 stock split. If dividends were declared you would subtract those from net income before dividing by shares outstanding.

[Anonymous]

@ssiegri–Treasury stock is only accounted for the months outstanding, whereas common stock is treated like it was outstanding all year long. That is why you only multiply the TS by 9/12 and not the CS. Also, to compare the years you have to treat year one as if the stock split had occurred in year 1 for the outstanding common stock. That is why you don't add the TS to it before coverting to the 2:1 stock split. If dividends were declared you would subtract those from net income before dividing by shares outstanding.

[HopefulCPA0601]

@Brittney – i'm in the same boat as you, taking the test next Tuesday, 2/18. Are you doing 100 MCQ in one sitting a few times a day or 100 per day? I'm currently focusing on chapter 1-5 to break it up this weekend and am working to get through 120-160 problems a day and then reviewing my notes at the end of the day. Then I think over the week I'm going to do:

monday – F6, Tuesday – F7, Wednesday F8, Thursday F9 and F10 (do about 40-60 multiple choice in each chapter). And then over the weekend power through as many multiple choice across all 10 chapters as I can.

have you done the becker final exam? Those just intimidate me and idk if its worth it to do those, or just keep doing sets of 20. What do you think?

having a freak out moment now that my test is in 9 days!!!

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

@Brittney – i'm in the same boat as you, taking the test next Tuesday, 2/18. Are you doing 100 MCQ in one sitting a few times a day or 100 per day? I'm currently focusing on chapter 1-5 to break it up this weekend and am working to get through 120-160 problems a day and then reviewing my notes at the end of the day. Then I think over the week I'm going to do:

monday – F6, Tuesday – F7, Wednesday F8, Thursday F9 and F10 (do about 40-60 multiple choice in each chapter). And then over the weekend power through as many multiple choice across all 10 chapters as I can.

have you done the becker final exam? Those just intimidate me and idk if its worth it to do those, or just keep doing sets of 20. What do you think?

having a freak out moment now that my test is in 9 days!!!

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

@CPAMommyof3 – those pencil erasers are hysterical. My boyfriend and I were talking about how in elementary school we had bookfairs and those were the gifts we'd bring home to our parents. Hope they bring you luck!!

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

@CPAMommyof3 – those pencil erasers are hysterical. My boyfriend and I were talking about how in elementary school we had bookfairs and those were the gifts we'd bring home to our parents. Hope they bring you luck!!

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[rvcpa]

CPAMommyof3- is it weird if I say that gov accounting is my fave part of FAR? haha

[rvcpa]

CPAMommyof3- is it weird if I say that gov accounting is my fave part of FAR? haha

[Anonymous]

Yes! 🙂

[Anonymous]

Yes! 🙂

[HopefulCPA0601]

@rigouventura – i agree with you. I think as long as you get all the mneumonics down and expenditures/encumbrances journal entries memorized then you can figure out what the exam throws at you. I wrote out a cheat sheet of the sections (govt, fiduciary, proprietary) and it helped me understand it better.

@Zackrampage – not sure if you are using becker but the flashcards for becker really help with the govt part.

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

@rigouventura – i agree with you. I think as long as you get all the mneumonics down and expenditures/encumbrances journal entries memorized then you can figure out what the exam throws at you. I wrote out a cheat sheet of the sections (govt, fiduciary, proprietary) and it helped me understand it better.

@Zackrampage – not sure if you are using becker but the flashcards for becker really help with the govt part.

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

Does anyone have a good cheat sheet on acquisitions, specifically journal entries for them? I know on a past exam one of my simulations talked about a company acquiring 100% of another company, and to list our the journal entries. Would I use CAR IN BIG?.. fair value approach? .. any help is appreciated.

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

Does anyone have a good cheat sheet on acquisitions, specifically journal entries for them? I know on a past exam one of my simulations talked about a company acquiring 100% of another company, and to list our the journal entries. Would I use CAR IN BIG?.. fair value approach? .. any help is appreciated.

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[Guti]

Britney, have you taken Beckers final exams yet?

FAR-84
AUD-
REG-
BEC-

[Author]

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