FAR Study Group July August 2013 - Page 35

Viewing 15 replies - 511 through 525 (of 1,267 total)
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  • #436755
    icanhazcpa
    Member

    Yay good luck to you also! I'll report back that night on my experience, I hope you do the same!

    BEC - 83
    FAR - 83
    REG - 74, 78
    AUD - 76

    Becker Self Study

    #436756
    icanhazcpa
    Member

    Is there a way on Becker to see your overall score for the final exams? It's just got scores for each individual testlet and then every SIM. Also, it really bums me out how Becker grades. I can have the right answer, but if it's in as a formula it counts it wrong.

    BEC - 83
    FAR - 83
    REG - 74, 78
    AUD - 76

    Becker Self Study

    #436757
    Anonymous
    Inactive

    I haven't been able to find an overall grade, so I just add up the points from the 3 m/c testlets and divide it by 90, and then multiply it by 60%. I then do the same for the SIMS (but multiply it by 40%). And I completely agree with you about how Becker grades the SIMS! Ugh.

    #436758
    TaRenee
    Member

    Well everyone… I decided I'm taking a week off from studying and rescheduled my exam to August 31st. I think I'm just burnt out and have no motivation to actually learn the material 🙁

    REG [75] 02.27.13(1)
    AUD [82] 04.15.13(1)
    BEC [79] 05.29.13(1)
    FAR [62] 08.26.13(1) [76] 02.24.14(2) - God is able!!! 🙂

    Licensed NC CPA

    #436759
    icanhazcpa
    Member

    Alright I'm blowing up the forum I know, but I feel nervous because I don't feel as nervous. Does that make any sense? When I took BEC I was a total mess for days before, but I'm just calmly reviewing today. I hardly feel anxious at all. It makes me feel like I'm going to fail because you always hear that you do better when you're nervous. Has anyone else experienced this when taking their 2nd and later tests? Here's hoping I get nervous tomorrow I guess?

    BEC - 83
    FAR - 83
    REG - 74, 78
    AUD - 76

    Becker Self Study

    #436760
    WestonM
    Member

    @Adrost

    Check out the AICPA released questions for FAR. I found that after a while the Becker Progress questions start to repeat. I have found the AICPA released questions more straight forward than Becker, which is a good sign for me on test day.

    BEC: 93 4/18/13
    FAR: 89 7/3/13
    REG: 90 8/30/13
    AUD: 95 11/29/13

    DONE!

    #436761
    sonygal57
    Member

    TaRenee, I also have scheduled my test for Aug 31st though it does not seem to be recommended. My study pace and material have me on track for Aug 15, however I will be out of town that week : ( So I have decided to give myself an additional two weeks after my work trip to help me catch back up. I think if I do it the week before I will not have enough review time, scheduling the week I get back in town would be too naive, so I ended up with Aug 31!

    Good old Gandalf, "All we have to do is decide what to do with the time that is give to us."
    "Not all those who wander are lost."

    FAR: I slayed the Dragon!
    BEC: I defeated the Siren!
    AUD: I eliminated Medusa!
    REG: ?????

    #436762
    Anonymous
    Inactive

    @WestonM – I did go through the 2013 AIPCA questions; however, the 2012 and older are already included in the software, correct?

    #436763
    WestonM
    Member

    @Adrost

    I believe so. Did you find the AICPA questions easier than the Becker questions?

    BEC: 93 4/18/13
    FAR: 89 7/3/13
    REG: 90 8/30/13
    AUD: 95 11/29/13

    DONE!

    #436764
    MintsRGood
    Participant

    @TaRenee You know what is best for you!!!!! Good for you for making the decision to push back after taking an honest evaluation of your progress and how you are doing mentally. I'm sure that taking a week off to regroup will do you a world of good. IMHO it's better to push back a few weeks and pass than it is to put yourself through the misery of sitting when unprepared and getting a failing score on release day! Been there, done that, no fun.

    @icanhazcpa and everyone testing next week…good luck and kick FAR's a$$!!!!!!!!!!!!!!!!!!! 🙂

    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

    #436765
    Anonymous
    Inactive

    @WestonM – Yes, much. I feel that some of the Becker questions are very long and wordy as where the AICPA questions clear in what they are asking. I guess it's better to prepare with harder material. Overall, how are you doing on the MCQ? I gave up on taking progress tests; I was doing 30 question ones and consistently getting 96-100% and now feel like its simply a wast of time but I am still worried about test day (which is Tuesday). :/

    #436766
    WestonM
    Member

    @Adrost

    I have been doing sets of 30 MCQs and averaging in the mid 80's.

    I have a question for you:

    In Becker some of the Journal line entries are: (pages F6-13-15)

    “Pension Benefit Asset/Liability”

    Do you use asset when the pension is overfunded and liability when it is underfunded?

    BEC: 93 4/18/13
    FAR: 89 7/3/13
    REG: 90 8/30/13
    AUD: 95 11/29/13

    DONE!

    #436767
    NYIACCT89
    Member

    After 2 months of studying I'm ready to conquer this beast tomorrow.

    This is the first part of the CPA exam I am attempting – does anyone have any tips or advice on last minute reviewing for the CPA exam? I'm taking the exam at 1 PM tomorrow. Should I study at all tomorrow morning or should I not even think about the material until I start the exam?

    and @WestonM you are correct. Think about it logically – a pension asset (not a liability) would be reported on the balance sheet of an enterprise with an overfunded pension plan (and vice versa).

    FAR - 7/1/13 - 98
    AUD - 8/31/13 - 94
    BEC - 11/23/13 - 89
    REG - 1/13/14 - 86

    Study Materials:
    Becker - Online Course and Flash Cards

    #436768
    mjp44
    Member

    Regarding Contingencies: I know that GAAP states that a contingent liability is accrued and disclosed if the loss is probable and measurable. Disclosure only if the loss is reasonably possible and no action if the loss is remote. However, I am little confused with IFRS requirements. I think it states that if an event creates a liability that is probable and measurable, a loss is recorded in the financial statements as a “provision”. If the liability is reasoably possible (<50% chance?) the loss is recorded as a contingent liability. Is this correct?

    FAR- PASSED (11/13)
    REG- PASSED (2/14)
    BEC- PASSED (5/14)
    AUD- PASSED (8/14)

    If it's important to you, you will find a way. If it isn't, you will find an excuse.

    #436769
    funtiks
    Participant

    What chapter in Becker covers “troubled debt restructuring” ?

    thanks

    FAR - 76*, 73, 85
    BEC - 69, 72, 78*, 80
    AUD - 72, 71, 90
    REG - 71, 74, 85

    AFTER 3 YEARS I'M DONE!!!

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