[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

[Amay]

In case this helps someone, just came up with a way to remember what to use when Functional Currency = Local Currency.

Asset & Liab translation – use Current rate as of B/S date (because A from Asset is close to C from Current in the alphabet)

Revenue & Exp. translation – use Weighted avg, exchange rate for the current year (because R from revenue is close to W)

I realize this is a tiny fact, but you never know.

By the way remember that functional currency is the currency in which the entity operates or “functions.”

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 🙂

[Amay]

In case this helps someone, just came up with a way to remember what to use when Functional Currency = Local Currency.

Asset & Liab translation – use Current rate as of B/S date (because A from Asset is close to C from Current in the alphabet)

Revenue & Exp. translation – use Weighted avg, exchange rate for the current year (because R from revenue is close to W)

I realize this is a tiny fact, but you never know.

By the way remember that functional currency is the currency in which the entity operates or “functions.”

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 🙂

[samdiegoCPA]

@Amay Thanks, I will definitely remember that tomorrow.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[samdiegoCPA]

@Amay Thanks, I will definitely remember that tomorrow.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Amay]

For govt.: Accrual basis uses current economic resources focus while modified accrual basis uses current financial resources focus. To remember, think easy as ABC = “A”ccrual “B”asis uses “C”urrent economic resources focus.

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 🙂

[Amay]

For govt.: Accrual basis uses current economic resources focus while modified accrual basis uses current financial resources focus. To remember, think easy as ABC = “A”ccrual “B”asis uses “C”urrent economic resources focus.

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 🙂

[Amay]

Modified Accrual = Measurable & Available = MAMA

Following in Amor's footsteps and coming up with my own acronyms, it really helps! 😉

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 🙂

[Amay]

Modified Accrual = Measurable & Available = MAMA

Following in Amor's footsteps and coming up with my own acronyms, it really helps! 😉

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 🙂

[Anonymous]

Good luck to everyone testing tomorrow and Friday. I just finished my second Becker practice exam with just under 2 hours remaining and now have a few things to brush up on before I hit the sack.

Becker Exam 1: 70.3

Becker Exam 2: 75.3

If the Becker vs. actual grade differences are even remotely accurate, I have a decent chance of passing. Let's hope! Good luck!!

[Anonymous]

Good luck to everyone testing tomorrow and Friday. I just finished my second Becker practice exam with just under 2 hours remaining and now have a few things to brush up on before I hit the sack.

Becker Exam 1: 70.3

Becker Exam 2: 75.3

If the Becker vs. actual grade differences are even remotely accurate, I have a decent chance of passing. Let's hope! Good luck!!

[teeteenounouche]

Thanks Amay, I am sitting here cracking up at MAMA, lol

Thanks Bummie, good luck to you too!

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

Thanks Amay, I am sitting here cracking up at MAMA, lol

Thanks Bummie, good luck to you too!

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Amay]

@teetee if they have PAPI why not MAMA? Becker cracks me up sometimes too. LOL.

Good luck Bummie! I think you are well prepared and will do awesome!!

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 🙂

[Amay]

@teetee if they have PAPI why not MAMA? Becker cracks me up sometimes too. LOL.

Good luck Bummie! I think you are well prepared and will do awesome!!

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 🙂

[hopeimnottoolatetobeacpa]

Hi everyone, Has anyone ever succeeded in studying two sections at the same time? I am pressed for time that i have to take FAR and BEC simultaneously since my NTS for BEC is expiring 🙁 . Any tips on how to do it? – Thanks

[Author]

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