[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

[AOCI]

@kels,

Good luck Kels. I am starting to worry about simulations as well. Now I only have one day left and I need to focus on simulations. I got the Gleim wizard too.

FAR-82!
REG-82 Again!
BEC-78!
AUD-84!

Done with the exam and LICENSED in VA as of 11/17/2015.

[kels417]

@mints – you're sweet, but I royally screwed up one simulations and really only felt good about research and one other. Not looking good! And unfortunately today was my last chance to pass before losing credit for audit. And I won't find out if I passed until the day BEC expires. Which means if I failed, I'll be down to credit for 1/4. I've spent 3.5 years on this exam. My materials are expired and I'm tired. Tired of studying, not having a life, and spending God awful amounts of money. Soooo…pass or fail, this is the end of my journey. Thanks to my another71 friends for encouraging and helping me along the way! Wish I had found you all earlier.

@AOCI- best of luck! The simulations were down right crazy. Expect the unexpected and don't pass over the small topics.

Illinois
Becker self study | Becker flashcards | Gleim | self written notes | WTB

AUD - 74, 75 Passed! (Expires 1/2/2014)
BEC - 78 Passed! (Expires 2/6/2014)
REG - 70, 70, 72, 74, 76 Passed!!
FAR - 72, 66, 69, 67

[kels417]

@mints – you're sweet, but I royally screwed up one simulations and really only felt good about research and one other. Not looking good! And unfortunately today was my last chance to pass before losing credit for audit. And I won't find out if I passed until the day BEC expires. Which means if I failed, I'll be down to credit for 1/4. I've spent 3.5 years on this exam. My materials are expired and I'm tired. Tired of studying, not having a life, and spending God awful amounts of money. Soooo…pass or fail, this is the end of my journey. Thanks to my another71 friends for encouraging and helping me along the way! Wish I had found you all earlier.

@AOCI- best of luck! The simulations were down right crazy. Expect the unexpected and don't pass over the small topics.

Illinois
Becker self study | Becker flashcards | Gleim | self written notes | WTB

AUD - 74, 75 Passed! (Expires 1/2/2014)
BEC - 78 Passed! (Expires 2/6/2014)
REG - 70, 70, 72, 74, 76 Passed!!
FAR - 72, 66, 69, 67

[thehip41]

Good luck kels. Hoping for the best.

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[thehip41]

Good luck kels. Hoping for the best.

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[Kenada]

kels417 – Hope you have done enough to pass FAR 🙂 It would be sad to end the journey this way.

FAR 05/27/14; 786/110 - Done !

[Kenada]

kels417 – Hope you have done enough to pass FAR 🙂 It would be sad to end the journey this way.

FAR 05/27/14; 786/110 - Done !

[LStevens225]

I feel like I only ask stupid questions but I'm asking anyway. Here is the question

On Jan 1 Yr 3, Roem Corp changed its Inventory method to FIFO to LIFO for both financial and income tax reporting purposes. The changed resulted in a $500,000 increase in Jan 1 yr 3 inventory, which is the only change that could be calculated from the accounting records. Assume that the income tax rate for all years is 30%. Retrospective application would result in:

a. An increase in ending inventory in the year 2 balance sheet.

b. A decrease in ending inventory in the year 3 balance sheet.

c. A decrease in net income in year 2

d. A gain from cumulative effect of change on the income statement in year 3

Answer is A so my question is that Cindy said it is because with FIFO the ending inventory is higher because the latest purchases are there and that is more expensive due to inflation than the first purchases. Which I understand but why isn't it because the question states “The changed resulted in a $500,000 increase in the Jan 1 yr 3 inventory”? Or is it but she's trying to make you THINK about it lol.

Thanks!

[LStevens225]

I feel like I only ask stupid questions but I'm asking anyway. Here is the question

On Jan 1 Yr 3, Roem Corp changed its Inventory method to FIFO to LIFO for both financial and income tax reporting purposes. The changed resulted in a $500,000 increase in Jan 1 yr 3 inventory, which is the only change that could be calculated from the accounting records. Assume that the income tax rate for all years is 30%. Retrospective application would result in:

a. An increase in ending inventory in the year 2 balance sheet.

b. A decrease in ending inventory in the year 3 balance sheet.

c. A decrease in net income in year 2

d. A gain from cumulative effect of change on the income statement in year 3

Answer is A so my question is that Cindy said it is because with FIFO the ending inventory is higher because the latest purchases are there and that is more expensive due to inflation than the first purchases. Which I understand but why isn't it because the question states “The changed resulted in a $500,000 increase in the Jan 1 yr 3 inventory”? Or is it but she's trying to make you THINK about it lol.

Thanks!

[teeteenounouche]

Hi Everyone, I look forward to studying with you guys:-) I plan to take the exam at the end of Feb.

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]

Hi Everyone, I look forward to studying with you guys:-) I plan to take the exam at the end of Feb.

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

[Julia_anika]

Hi everyone!

How often official CPA questions are released and where can I find them?

thanks

NYC, NY
FAR - 82 Jan 2014
AUD - 86 Apr 2014
BEC - 77 Aug 2014
REG - 79 Nov 2014

[Julia_anika]

Hi everyone!

How often official CPA questions are released and where can I find them?

thanks

NYC, NY
FAR - 82 Jan 2014
AUD - 86 Apr 2014
BEC - 77 Aug 2014
REG - 79 Nov 2014

[samdiegoCPA]

Julia – I just search something like “becker recently released 2013 FAR” when I search for the RR questions. you'll find them easily.

I've been slacking studying the past month. I have only about 2 out of 8 chapters done of typing up notes. Hopefully will get through one more chapter this weekend (and use the Ninja Blitz videos for what chapters I have done) and 2 more by the end of the week. Theeeennnn I will go through all the Wiley homework questions and put those into my notes. Then finally the Becker flashcards. I need to start being on time to work so I can study before my manager gets in 😛 Not sure if I am gonna do the exam at the end of Feb or beginning of April. I am going to Napa Valley on the 21st of Feb for a couple days, but maybe it will be a good break before final review? Who knows.

Also I am scared that I am using 2012 materials, so I have to go through the updates on the Roger site and change as necessary!

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

[samdiegoCPA]

Julia – I just search something like “becker recently released 2013 FAR” when I search for the RR questions. you'll find them easily.

I've been slacking studying the past month. I have only about 2 out of 8 chapters done of typing up notes. Hopefully will get through one more chapter this weekend (and use the Ninja Blitz videos for what chapters I have done) and 2 more by the end of the week. Theeeennnn I will go through all the Wiley homework questions and put those into my notes. Then finally the Becker flashcards. I need to start being on time to work so I can study before my manager gets in 😛 Not sure if I am gonna do the exam at the end of Feb or beginning of April. I am going to Napa Valley on the 21st of Feb for a couple days, but maybe it will be a good break before final review? Who knows.

Also I am scared that I am using 2012 materials, so I have to go through the updates on the Roger site and change as necessary!

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

[Author]

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