[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

[Anonymous]

Question CPA-07064:

Converge Corp. sold a $100,000 bond at 95 and incurred $3,000 of bond issuance costs. JE under IFRS is as follows:

DR Cash 92,000

DR Discount 8,000

CR Bonds Payable 100,000

Would the following JE under US GAAP be correct?

DR Cash 89,000

DR Discount 8,000

DR Bond Issue Cost 3,000

CR Bonds Payable $100,000

Thanks.

[Anonymous]

Question CPA-07064:

Converge Corp. sold a $100,000 bond at 95 and incurred $3,000 of bond issuance costs. JE under IFRS is as follows:

DR Cash 92,000

DR Discount 8,000

CR Bonds Payable 100,000

Would the following JE under US GAAP be correct?

DR Cash 89,000

DR Discount 8,000

DR Bond Issue Cost 3,000

CR Bonds Payable $100,000

Thanks.

[KFrancis]

OMGoodness! I am drowning in this FAR material.

I have just finished Chap. 6 in my Becker materials and I have nooooo clue what I am doing. It is starting to depress me.

All of the information so far deals with classes that I took while in university but that was almost 4 years ago. I don't know how I am going to get through this 🙁 I plan on taking the exam in late April, but I still don't feel like I have nearly enough time to understand everything that I need to in order to be successful in my first attempt.

I have BEC and FAR to get thorough before my AUD credit expires in November 2014…I need some words of advice/encouragement…anything!

Sometimes I feel like giving up but I have a 2 year old to make a better life for, so that's just NOT an option!

AUD: 66, 67, 87!!
REG: 56, 63, 84!!
FAR: 72, 78!!
BEC: 71, 75!!

Using Becker + Ninja 10 Point Combo

[KFrancis]

OMGoodness! I am drowning in this FAR material.

I have just finished Chap. 6 in my Becker materials and I have nooooo clue what I am doing. It is starting to depress me.

All of the information so far deals with classes that I took while in university but that was almost 4 years ago. I don't know how I am going to get through this 🙁 I plan on taking the exam in late April, but I still don't feel like I have nearly enough time to understand everything that I need to in order to be successful in my first attempt.

I have BEC and FAR to get thorough before my AUD credit expires in November 2014…I need some words of advice/encouragement…anything!

Sometimes I feel like giving up but I have a 2 year old to make a better life for, so that's just NOT an option!

AUD: 66, 67, 87!!
REG: 56, 63, 84!!
FAR: 72, 78!!
BEC: 71, 75!!

Using Becker + Ninja 10 Point Combo

[Anonymous]

Would recommend that people about to take the test go back and look at deferred taxes and liabilities and how to compute them. Seems pretty easy until you get to the test.

[Anonymous]

Would recommend that people about to take the test go back and look at deferred taxes and liabilities and how to compute them. Seems pretty easy until you get to the test.

[pia ach]

I never felt so defeated before , but FAR is really too much for me..i finished college a decade back and was bad in accounting…i am trying hard but still the concepts are so hard to stick..my exam is scheduled for 28 feb and no job so i study all the time..feeling so lost..neways just wanted to crib a little..back to statement of cash flows.. good luck !

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[pia ach]

I never felt so defeated before , but FAR is really too much for me..i finished college a decade back and was bad in accounting…i am trying hard but still the concepts are so hard to stick..my exam is scheduled for 28 feb and no job so i study all the time..feeling so lost..neways just wanted to crib a little..back to statement of cash flows.. good luck !

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[Guti]

Amor diva, I sent you the answer.

FAR-84
AUD-
REG-
BEC-

[Guti]

Amor diva, I sent you the answer.

FAR-84
AUD-
REG-
BEC-

[Guti]

Pia, when you are studying full time, you have no excuse to fail. Every single person that knows you is just waiting to see if you pass or not. Your intellect is on the line cause no one will ever understand why an individual who is studying for this exam 24/7 can ever fail.

FAR-84
AUD-
REG-
BEC-

[Guti]

Pia, when you are studying full time, you have no excuse to fail. Every single person that knows you is just waiting to see if you pass or not. Your intellect is on the line cause no one will ever understand why an individual who is studying for this exam 24/7 can ever fail.

FAR-84
AUD-
REG-
BEC-

[stoleway]

Lol CR7 I don't think your assertion is true.

People study full time and still end up failing. You have no idea what can be thrown at you on exams day.

Wish you good luck Pia!

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

Lol CR7 I don't think your assertion is true.

People study full time and still end up failing. You have no idea what can be thrown at you on exams day.

Wish you good luck Pia!

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

I agree stoleway. You never know!!!!But Pia passed 3 of the 4 parts. Just keep doing what you did in the past to succeed. You'll do fine!

[Author]

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