[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

[Mel]

Alright I finished Bonds, Leases, & PV Fundamentals today. Going to aim to finish Deferred Taxes, Pensions & Bus Combs before the day is out. Then I'll only have 8 topics left and ~700 MCQs left to get through. (Come on AICPA I'm pushing myself to the limit I need that window extension!)

[Mel]

Alright I finished Bonds, Leases, & PV Fundamentals today. Going to aim to finish Deferred Taxes, Pensions & Bus Combs before the day is out. Then I'll only have 8 topics left and ~700 MCQs left to get through. (Come on AICPA I'm pushing myself to the limit I need that window extension!)

[Anonymous]

Alright, my fellow FAR friends. I need help. Serious help! Heck, I need someone to scream at me, slap me, do whatever it takes to bring back my motivation. My FAR is scheduled for April 3rd and i am slowly losing motivation. During the week, I put in at least 3-4 hours a day but when weekend hits, my motivation plummets. I sit to study and then lose concentration and end up doing other things like watching sports highlights and reading sports news. It's a shame. My wife is so supportive, making sacrifices and here I am not putting my all. Just frustrated with myself!

[Anonymous]

Alright, my fellow FAR friends. I need help. Serious help! Heck, I need someone to scream at me, slap me, do whatever it takes to bring back my motivation. My FAR is scheduled for April 3rd and i am slowly losing motivation. During the week, I put in at least 3-4 hours a day but when weekend hits, my motivation plummets. I sit to study and then lose concentration and end up doing other things like watching sports highlights and reading sports news. It's a shame. My wife is so supportive, making sacrifices and here I am not putting my all. Just frustrated with myself!

[jolien]

Hello,

Can anyone help me understand the concept of “arm's length transaction”? I see it on FAR materials, but never quite understand what it means. Does it mean transaction to a third party?

Thank you much,

[jolien]

Hello,

Can anyone help me understand the concept of “arm's length transaction”? I see it on FAR materials, but never quite understand what it means. Does it mean transaction to a third party?

Thank you much,

[Zackrampage]

Amordiva, I am a bit confuzzled

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

[Zackrampage]

Amordiva, I am a bit confuzzled

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

[Mel]

@Cracked Look up the Pomodoro technique, it saved my but several times. And there are plenty of free apps out there to use.

[Mel]

@Cracked Look up the Pomodoro technique, it saved my but several times. And there are plenty of free apps out there to use.

[Anonymous]

@Zach, pardon me for confusing you even more. You're right to determine first the various examples of fund revenue sources and expenditures according to fund classes. I have them with me but they're handwritten so I am unable to give you the list as of this time.

As you were asking about CPFs, the only classification constraints are C A R (committed, assigned, & restricted).

GF [“G” General Fund] Non-spendable FB is for currents assets that cannot be spent. Examples are prepaid expenses, inventories, and other prepaid assets.

SRF [“R” Special Rev. Fund] Maturing assets like longer-term investments that are not available for spending.

Please refer to the summary schedule at page F8-14.

I've created this skeleton and committed to memory so I won't get confused when I am faced with tricky questions. It saves me time in helping me avoid over-analyzing stuff.

G > N U* C A R *Positive

R > N C R

a

S > C A R

P > C A R

P > R

NUCAR > Non-spendable Unrestricted Committed Assigned Restricted

[Anonymous]

@Zach, pardon me for confusing you even more. You're right to determine first the various examples of fund revenue sources and expenditures according to fund classes. I have them with me but they're handwritten so I am unable to give you the list as of this time.

As you were asking about CPFs, the only classification constraints are C A R (committed, assigned, & restricted).

GF [“G” General Fund] Non-spendable FB is for currents assets that cannot be spent. Examples are prepaid expenses, inventories, and other prepaid assets.

SRF [“R” Special Rev. Fund] Maturing assets like longer-term investments that are not available for spending.

Please refer to the summary schedule at page F8-14.

I've created this skeleton and committed to memory so I won't get confused when I am faced with tricky questions. It saves me time in helping me avoid over-analyzing stuff.

G > N U* C A R *Positive

R > N C R

a

S > C A R

P > C A R

P > R

NUCAR > Non-spendable Unrestricted Committed Assigned Restricted

[Zackrampage]

Thank you for the clarification @amordiva 🙂

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

[Zackrampage]

Thank you for the clarification @amordiva 🙂

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

[Anonymous]

I made both horizontal and vertical skeleton of the summary of fund constraints:

N > G R

U > +G -R a -S -P -P

C > G R a S P

A > G S P

R > G R a S P P

[Author]

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