[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

[NYCaccountant]

@teeteenounouche Because it states that they pay the payroll taxes on the 15th of the following month, so you automatically know that they have a liability. They owe the matching FICA which is $700, the employees owe their share which is $700, and the employees owe federal income tax of $1,200. The company's payroll expense was 10,000, and the company withheld federal income tax and FICA from wages, so instead of paying the employees cash of 10,000, they only got paid 8,100 and the balance was to be paid to the government on their behalf of $1,900. Now the company themselves had their own liability of $700, so you add that to the $1,900 ($1,900 +$700=$2,600). So their totally liability had to be $2,600 at the end of January 31 because they don't remit patrol taxes until the feb 15. Let me know if anyone disagrees with me.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[NYCaccountant]

@ Amordiva Thats correct. the Equity method is essentially booking the net income (loss) from the operations of the sub, so the market value does not matter at all. This is different than the cost adjusted to fair value method because you initially record both investments at cost, but for the latter you post the adjustment for changes in fair value, while you ignore fair value for the equity method.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[NYCaccountant]

@ Amordiva Thats correct. the Equity method is essentially booking the net income (loss) from the operations of the sub, so the market value does not matter at all. This is different than the cost adjusted to fair value method because you initially record both investments at cost, but for the latter you post the adjustment for changes in fair value, while you ignore fair value for the equity method.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

Thank you NYCaccountant! You're a great help!

[Anonymous]

Thank you NYCaccountant! You're a great help!

[teeteenounouche]

Thank you NYCaccountant! I see this is going to be as bad as REG, lol

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]

Thank you NYCaccountant! I see this is going to be as bad as REG, lol

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]

These MCQs are not nice, I did a set of 10 and got 1 right…practice makes perfect as they say lol

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]

These MCQs are not nice, I did a set of 10 and got 1 right…practice makes perfect as they say lol

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

[Anonymous]

Final review for FAR – 2 weeks and some change to go. My plan is to review my notes for each chapter and do questions in becker progress tests. Anyone have a recommendation of how many questions I should do per chapter? What is the most efficient way to study (i'm also in my busy season now)

[Anonymous]

Final review for FAR – 2 weeks and some change to go. My plan is to review my notes for each chapter and do questions in becker progress tests. Anyone have a recommendation of how many questions I should do per chapter? What is the most efficient way to study (i'm also in my busy season now)

[NYCaccountant]

@teeteenounouche – Consolidations, deferred taxes, and pensions drive most people crazy. When you get to that section, I can help.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[NYCaccountant]

@teeteenounouche – Consolidations, deferred taxes, and pensions drive most people crazy. When you get to that section, I can help.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[HopefulCPA0601]

hey guys! hoping to pass these last 2 parts january and february. Any advice on final review for FAR? Do flash cards help? I'm using becker questions and book + becker final review outlines. Also have the Ninja Final Review Audio. Should I do more questions? Focus on doing sims??? I get close to passing each time and then no cigar.

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]

hey guys! hoping to pass these last 2 parts january and february. Any advice on final review for FAR? Do flash cards help? I'm using becker questions and book + becker final review outlines. Also have the Ninja Final Review Audio. Should I do more questions? Focus on doing sims??? I get close to passing each time and then no cigar.

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

[Author]

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