[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]

I'm rewriting my notes. It really helped me pass AUD.

[Anonymous]

I'm rewriting my notes. It really helped me pass AUD.

[Anonymous]

Oh please please please, can I get a question on my exam that says, “What is the basis of all economic activity?” I've heard it at least 10 times. It's too bad I can't commit all the audio to memory, but I've got that one down pat. 🙂

[Anonymous]

Oh please please please, can I get a question on my exam that says, “What is the basis of all economic activity?” I've heard it at least 10 times. It's too bad I can't commit all the audio to memory, but I've got that one down pat. 🙂

[pia ach]

Can someone please tell me which chapters are the non monetary exchanges , installment sales, long term construction contracts in WTB.

Thanks!

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[pia ach]

Can someone please tell me which chapters are the non monetary exchanges , installment sales, long term construction contracts in WTB.

Thanks!

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[Anonymous]

Non-monetary is in Fixed Assets, Installment sales and Long term contracts should be in basic concepts for revenue recognition.

[Anonymous]

Non-monetary is in Fixed Assets, Installment sales and Long term contracts should be in basic concepts for revenue recognition.

[pia ach]

@CPAMommy3 thanks !

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[pia ach]

@CPAMommy3 thanks !

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[WANNABE_CPA]

hey…can anyone help me in understanding cumulative effect for change in accounting principle and what is the difference when comparative statements are presented or are not presented? This is my only problem concept in F1 of Becker.

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[WANNABE_CPA]

hey…can anyone help me in understanding cumulative effect for change in accounting principle and what is the difference when comparative statements are presented or are not presented? This is my only problem concept in F1 of Becker.

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[HopefulCPA0601]

@Wannabe – the cumulative effect of a change in principle = retrospective application. You have to adjust the beginning value of retained earnings. That is the main rule to remember – “adjust beginning RE of earliest period presented”

so.. say comparative FS are presented for 2011 and 2012, you would adjust beginning retained earning of 2011. If comparative FS are not presented, you would adjust 1/1/2012 RE.

hope that helps!

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]

@Wannabe – the cumulative effect of a change in principle = retrospective application. You have to adjust the beginning value of retained earnings. That is the main rule to remember – “adjust beginning RE of earliest period presented”

so.. say comparative FS are presented for 2011 and 2012, you would adjust beginning retained earning of 2011. If comparative FS are not presented, you would adjust 1/1/2012 RE.

hope that helps!

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

[WANNABE_CPA]

Thanks @hopefull…very helpful…i think i ll surely retain this now…

So, as per Becker, the presentation of comprehensive income has come down to 2 formats from 3.. Statement of owners equity being prohibited by IFRS already and for GAAP was going to be prohibited from 12/15/12 whereas the live class i attend of becker the instructor said take it as not prohibted still… What is the update on that is it really prohibited now or not?? Anyone….Jeff ??

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Author]

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