[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

[KeithPC16]

hot spot? where can i find that?

[KeithPC16]

hot spot? where can i find that?

[Anonymous]

CPAexcel did a formula I thought was sort of useful for the indirect method…it's a rework of the accounting formula to isolate change in cash and tells you whether to add or subtract based on where it falls in the formula…you have to pay close attention to the signs and determine the change in each account during the period. The formula is (sorry for the long hand I can't do the delta sign in here): Change in cash = change in liabilities + change in equity – change in all other assets. It's derived from saying that you can start with accounting equation A=L+E and then add the change in each without losing your equality, and then, just breaking out cash and all other assets in order to isolate the change in cash. It's a pretty nifty formula, I've used it to solve a couple of the MCQs. It helps with the cash based items in the operating section. Obviously you will still have to remember what to do with the non-cash expenses (add back depreciation and amortization) and subtract out gains…the formula doesn't help with that part unfortunately, but I think those are pretty intuitive if you think through why there was no cash impact from them in the first place. I think watching the lectures on these things is overwhelming, try building a couple of these bad boys from scratch with some simple financials, you'll see they aren't as bad as they sound I think. They tend to give harder and more complicated than necessary examples in the lectures to overprepare us.

[Anonymous]

CPAexcel did a formula I thought was sort of useful for the indirect method…it's a rework of the accounting formula to isolate change in cash and tells you whether to add or subtract based on where it falls in the formula…you have to pay close attention to the signs and determine the change in each account during the period. The formula is (sorry for the long hand I can't do the delta sign in here): Change in cash = change in liabilities + change in equity – change in all other assets. It's derived from saying that you can start with accounting equation A=L+E and then add the change in each without losing your equality, and then, just breaking out cash and all other assets in order to isolate the change in cash. It's a pretty nifty formula, I've used it to solve a couple of the MCQs. It helps with the cash based items in the operating section. Obviously you will still have to remember what to do with the non-cash expenses (add back depreciation and amortization) and subtract out gains…the formula doesn't help with that part unfortunately, but I think those are pretty intuitive if you think through why there was no cash impact from them in the first place. I think watching the lectures on these things is overwhelming, try building a couple of these bad boys from scratch with some simple financials, you'll see they aren't as bad as they sound I think. They tend to give harder and more complicated than necessary examples in the lectures to overprepare us.

[Guti]

KeithPC16, Search for Bisk CPA hot spot videos.

FAR-84
AUD-
REG-
BEC-

[Guti]

KeithPC16, Search for Bisk CPA hot spot videos.

FAR-84
AUD-
REG-
BEC-

[beeboywhoo]

Hey guys… 1st post here, been lurking the site getting some good insight about the test and tips on how to go about studying.

I had planned to sit for FAR (My first exam ever) like you guys in here on Feb 27 or 28, I'm wondering if that is still possible, I sent my application of intent to sit to the Cal board on January 3, hopefully I hear something back soon.

I have been studying this past week on a 2 chapter / week plan (currently on F2, pretty tough! ) leaving about a week and a half to review before taking the exam.

Good luck to all studying!

[beeboywhoo]

Hey guys… 1st post here, been lurking the site getting some good insight about the test and tips on how to go about studying.

I had planned to sit for FAR (My first exam ever) like you guys in here on Feb 27 or 28, I'm wondering if that is still possible, I sent my application of intent to sit to the Cal board on January 3, hopefully I hear something back soon.

I have been studying this past week on a 2 chapter / week plan (currently on F2, pretty tough! ) leaving about a week and a half to review before taking the exam.

Good luck to all studying!

[Tootsie]

So I just finished governmental and not for profit accounting. I gotta say that I cannot believe how much material I have learned over the past few months and I have still have 4 chapters left. I feel like this is way too much to study. This feels like a semester of grad school. I am starting chapter 4 (working capital and fixed assets). I have been studying the chapters in a different order. I am taking FAR for a second time at the end of February. The first time I took it, I had only studied 4 chapters. Hoping this second time around I will be better prepared and will have all of the chapters learned by then. I feel like it takes me a couple of weeks for each chapter. FAR is definitely my beast.

FAR - 76
AUD - 88!!! DONE!!!!!!!!
BEC - 76
REG - 77

never, never, never give up

[Tootsie]

So I just finished governmental and not for profit accounting. I gotta say that I cannot believe how much material I have learned over the past few months and I have still have 4 chapters left. I feel like this is way too much to study. This feels like a semester of grad school. I am starting chapter 4 (working capital and fixed assets). I have been studying the chapters in a different order. I am taking FAR for a second time at the end of February. The first time I took it, I had only studied 4 chapters. Hoping this second time around I will be better prepared and will have all of the chapters learned by then. I feel like it takes me a couple of weeks for each chapter. FAR is definitely my beast.

FAR - 76
AUD - 88!!! DONE!!!!!!!!
BEC - 76
REG - 77

never, never, never give up

[rvcpa]

Anyone have an easy way to under stand the indirect method for the statement of cash flows? It doesn't seem to click for me.

[rvcpa]

Anyone have an easy way to under stand the indirect method for the statement of cash flows? It doesn't seem to click for me.

[sherronh]

i took FAR jan 4th. I really just want my score! sigh 2 more weeks.

REG- 78
BEC- 74, 80
AUD- 83
FAR- 90

DONE!

[sherronh]

i took FAR jan 4th. I really just want my score! sigh 2 more weeks.

REG- 78
BEC- 74, 80
AUD- 83
FAR- 90

DONE!

[Anonymous]

Well, I thought it was impossible but I'm progressing well. Finished Gov accounting now, in a “review” mode, finishing WTB and I'm pleased with my progress. These two weeks will be as a marathon, but all is fine! one day at a time!

[Author]

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