[Q1] FAR Study Group 2014 - Page 134

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  • #527445
    Amay
    Member

    @cpamommy don't scare me! I haven't worked questions on those yet. When I did the lecture it did not look too bad, but I do remember that being a topic I struggled with in college. If you come up with something to remember, please do share! 🙂 I will post how I do with those questions when I get there.

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! 😀

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

    #527412
    Anonymous
    Inactive

    7 Basic Types of Funds Used by NFPOs:

    [PLEURAL]

    P – Plant Funds

    L – Loan Funds

    E – Endowment Funds

    U – Unrestricted Current Funds

    R – Restricted Current Funds

    A – Agency Funds

    L – Annuity & Life Income Funds

    #527447
    Anonymous
    Inactive

    7 Basic Types of Funds Used by NFPOs:

    [PLEURAL]

    P – Plant Funds

    L – Loan Funds

    E – Endowment Funds

    U – Unrestricted Current Funds

    R – Restricted Current Funds

    A – Agency Funds

    L – Annuity & Life Income Funds

    #527413
    Zackrampage
    Member

    I havent heard plant and loan funds in becker or ninja

    FAR - 62 , End of aug 2015
    BEC - 67, 67
    AUD - TBD
    REG - TBD

    #527449
    Zackrampage
    Member

    I havent heard plant and loan funds in becker or ninja

    FAR - 62 , End of aug 2015
    BEC - 67, 67
    AUD - TBD
    REG - TBD

    #527414
    rvcpa
    Member

    no work today because of the snow. studying for 8 hours. Going over the becker final review, writing down the JE's, rewatching the lease lecture, doing lease mcq's and looking over more sims. fun filled day.

    #527451
    rvcpa
    Member

    no work today because of the snow. studying for 8 hours. Going over the becker final review, writing down the JE's, rewatching the lease lecture, doing lease mcq's and looking over more sims. fun filled day.

    #527416
    Anonymous
    Inactive

    @Zack, I am using Becker 2012. Oh my, is this outdated? Just disregard. LOL

    PS.> It's on page F9-66. As pointed out, fund accounting is not used for external reporting by NFPOs. But GAAP allows them to use it for internal purposes.

    #527453
    Anonymous
    Inactive

    @Zack, I am using Becker 2012. Oh my, is this outdated? Just disregard. LOL

    PS.> It's on page F9-66. As pointed out, fund accounting is not used for external reporting by NFPOs. But GAAP allows them to use it for internal purposes.

    #527418
    rvcpa
    Member

    https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

    Found this link on one of the earlier posts. Is this what I should be looking at when it comes to entries and trying to remember most of them?

    #527455
    rvcpa
    Member

    https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

    Found this link on one of the earlier posts. Is this what I should be looking at when it comes to entries and trying to remember most of them?

    #527420
    Anonymous
    Inactive

    I would definitley remember those. The problem with those for bonds is that they only use straight line to record entries and not effective interest method. There are some other things that they don't cover in those that are in my notes. My problem is that I cannot remember them all.

    #527457
    Anonymous
    Inactive

    I would definitley remember those. The problem with those for bonds is that they only use straight line to record entries and not effective interest method. There are some other things that they don't cover in those that are in my notes. My problem is that I cannot remember them all.

    #527422
    rvcpa
    Member

    CPAMommyof3- thank you! i am rewriting my notes and will include them. I understand the concept behind them all so remembering these might not be so bad

    #527459
    rvcpa
    Member

    CPAMommyof3- thank you! i am rewriting my notes and will include them. I understand the concept behind them all so remembering these might not be so bad

Viewing 15 replies - 1,996 through 2,010 (of 3,728 total)
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