[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

[ramfan]

4 hours to work through the acquisition section of Becker F3.

Beware all who are using Becker! I underestimated this.

Time to finish F3 and get back on schedule!

I hope all is well with everyone studying for FAR.

Any other tips from anyone?

REG - 1/28/13 PASSED
AUD - 4/1/13 PASSED
BEC - 5/31/13 PASSED
FAR - 7/29/13

[Joeybm123]

Hi, I just wanted to comment, when you start reading Becker materials chapters 8 & 9 take it really slow the first time, of all the Becker materials I've read these 2 chapters if Not carefull become confusing, when I read them I got confused between the F/S for Gov entities ( Modified acrual basis), the Gov Wide F/S ( Accrual basis) & Not for profit F/S ( accrual basis ).

When I reached these chapters I just wanted to be done & take the exam, this cost me an extra month of studying ( fortunate for me it became the part of FARE I most dominated ( initialy the least ) & the knowledge was extremely useful on exam day.

For these chapters it is really, really important to look carefully at the start of each page when the funds are being discussed,

they are divided into 3, Gov, Enterprise, & trusts & the F/S are different from Normal profit companies.

Have a great day.

[studylongUstudywrong]

@CPA4birthdaypresent

LOL. I never thought to look to Snoop Dog for some CPA Exam inspiration, but I will give that album another listen… It has been awhile since I jammed to that…. ahhh those fun times….

I actually came up with my handle from my Grandpa. I would take a long time to make my domino play and he would sing “You study long you study wrong” Haha

But seriously, prior to NINJA that was one of my biggest problems: Digging to deep

Licensed Texas CPA

[MintsRGood]

@StudyLong Your dream rocks and I seriously LOL when I read that!!!!! You sound focused and ready to go, keep it up and let us know it's going!!!!!

Keep it up everyone!!!!!!!!!!! GET IT DONE!!!!!!!!!!!!! 🙂

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Anonymous]

I suck at Intercompany transactions. Can someone please enlighten me and so that maybe I can have an “ah ha!” moment?

[MintsRGood]

Who in the Study group is using the Wiley Textbook for their main review? I'm using that in addition to Yaeger FAR cram +Ninja notes/audio/blitz/flashcards. I'm also using my materials from a live 6 week review course I sat for in October offered my grad school…I know it sounds like over load but I like to have a variety of sources in the event that I don't like or understand an explanation that I have other avenues. I also have a second hand FAR Becker text on loan from a friend, but I've had too much success with Wiley on the other sections to change my methods on the last part!

Yes, I am a review materials hoarder!!! 😉

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Tncincy]

@MintsRgood,

When you use Yaeger, you automatically use wiley. That's what I like about them, two in one.

I am feeling so nervous. My test is scheduled for 7/15, and I am almost paralyzed. I am writing, reading, listening, and praying, but I guess I just want to be sure I know what I am supposed to know. Help!!!!!!! Should I start doing mcq's just to test my knowledge? I am waiting until after I finish part 4 of cram before focusing on mcq's.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[MintsRGood]

@Tncincy Yaeger is great!!!! I was already using the Wiley textbooks when I stumbled onto the cram for BEC, can't say enough positive things about Cindy!!!!!!!!!!! If you've made it to part 4, finish it off and then hit the MCQs until you can't see straight!!!!!!!! 🙂

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[studylongUstudywrong]

NINJA BLITZ works on IPhone!!!

I just typed in the URL in my browser and logged in:

https://another71.wistia.com/login

Last night I:

Burned Audio CDs for the commute

Added to Audio to IPhone and IPod

Added Notes to IPhone

All I need to do now is figure out how to email the notes to my kindle.

While digital information is great, I also printed the notes. I like flipping back and forth, viewing multiple pages at once, making notes…..

I am officially in FAR mode. I am listing to Jeff while driving and while working, except when reading comprehension is needed. Even when I am not paying close attention or able to follow the calculations, I know my subconscious is listening. About to take my official another71 fish oils and keep pumping this info through my grey matter.

Licensed Texas CPA

[Anonymous]

Hey everyone! I'm using Becker for FAR – I am taking the test 7/1…I am so nervous! There is so much material and it's so overwhelming. Good luck to everyone!!! =)

[StephAV]

7/1 is coming up quickly! Good luck Ang!

Aw, studylong… I'm jealous! I bought the audio but I still haven't transfered it to any device or burned it to a CD… I have it on my work desktop computer and I've been listening to it while I work. I really need to figure out getting it on my iPad today!!

FAR - 7/13 - 72, 11/13- 74, 2/14- 82!!! Best score ever (for me)!!!
BEC - 1/14 - 75!!! Perfect score! First Pass! YAY!!!
AUD - 8/14 - 80!!!
REG - 5/14 - 72, 10/14 - 66, 1/15 - 78 - DONE FOREVER!!!
I did 5 of the UNA and CPAExcel classes to earn units.

[Tncincy]

@MintsRGood,

Thanks, I am moving forward to finish part 4. I can do this, I can do this, we are doing this. Please send the comprehension Gods my way.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[That_Oher_Guy]

@Mint

I started with Wiley as my main and now I'm doing Becker as well. Wiley actually did pretty good with what the F2 portion of Becker went over. I found it much easier to understand and the mcqs were great for it too. I think it's good to have more than one study source for this exam. A lot of times, I'll even just google search a concept or term to see other sources on it.

[Anonymous]

Anyone have an idea how to do this one? Its a 2013 AICPA released question, but haven't found a solution for it. I adjusted it a little bit to present it better.

On January 1, year 1, a company issued its employees 10,000 shares of restricted stock. On January 1, year 2, the company issued to its employees an additional 20,000 shares of restricted stock. Additional information about the company's stock is as follows:

FV of stock (per share)

1/1/1 = $20

12/31/1 = $22

1/1/2 = $25

12/31/2 = $30

The shares vest at the end of a four-year period. There are no forfeitures. What amount should be recorded as compensation expense for the 12-month period ended December 31, year 2?

a. $175,000 b. $205,000 c. $225,000 d. $500,000

Choice “a” is correct.

[kevlee]

I believe they did:

10k shares * 20 = 200,000 divide by 4 year period = 50,000

20k shares * 25 = 500,000 divide by 4 year period = 125,000

which sums up to 175k.

your suppose to use the FV of stock at the date of issuance and divide it by the number of years it vest for to calculate compensation expense.

year 2,3,4 will be the same amount. Year 1 would be 50k and year 5 would be 125k.

[Author]

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