[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]

Hello:) I'm starting to study for FAR for the first time and it's quite overwhelming. BEC I passed and AUD I just sat for, both felt “fair” (for the most part) as far as WTB practice questions go. Any pointers or pitfalls to take note of? Any are appreciated!

[JSK11]

FAR exam this afternoon. What an unbelievable amount of information to retain for one exam. I'll check back in tomorrow to share my experience.

I used Becker and have been studying about 6-7 hours a day since July 18th.

BEC- 85 (7/3)
AUD- 80 (7/15)
FAR- 8/29
REG- 10/1

[nbad311]

If the exam is in fact curved, everyone in this last block of Q3 testing can thank me for the 45 I'm gonna get on Saturday that'll help boost your score 😀 😀 😀

REG - 65, 70, 80!
BEC - 35, 62, 79!
AUD - 73, 75!
FAR - 65, 73, 70, 75! DONE.

[Anonymous]

FAR tomorrow at 8am. I'm just doing 75 questions today – mix of F1-F10. Then reading my book to try and absorb all the journal entries and little facts. I've been praying like crazy! I start my new job on 9/3 and I really don't want to tell my new boss I failed 🙁

[NYCaccountant]

Just got to Governmental accounting last night. WOW! and the Wiley book asks you very specific questions. Planning on 3 hours tonight, 6-7 hours tomorrow, 6-7 hours saturday. Alot to memorize, learn.

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

[Anonymous]

If I wasn't already three tests in at this point I swear I would throw all this accounting sh!t right down the garbage chute and go enjoy what's left of summer.

Indirect vs. direct cash flow statements my a$$…

[newuseracc]

Ok took the second practice test becker provides. Averaged a 71 on the MC testlets. Took the first one last saturday and average a 61 on MC testlets. Anyone know if the second one is supposed to be easier or harder than the first?

Supposed to take FAR this Saturday but contemplating rescheduling cause if I can't pass a practice exam what do I expect to happen on the real thing….

[Anonymous]

I am going in on FAR. I have studied flashcards and am on F10 on reworking the homework and simulations. My buddy who recently passed FAR said Becker gives good practice exams that are VERY similar to the real deal. Can anyone else attest to this??

[peetree]

Your friend is correct @charlie

the becker practice exams are pretty indicative as to the type of questions you'll see. You might find (like I did) that the actual exam is a little bit easier than the becker practice exams.

Do alright on the becker finals and you'll be golden come actual exam day.

FAR 02/21/13 - 95
REG 07/02/13 - 87
AUD 08/02/13 - 94
BEC 08/30/13 - 85
Ethics Exam - 90

Illinois candidate awaiting his license

Used Becker Self Study | Ninja Audio | Becker Flash Cards | Ninja Notes | Wiley Test Bank

[Anonymous]

I took FAR this afternoon and all I can say is I'm glad its over!!!! By the 3rd testlet the questions were so wordy I had to “Woo Sah” for a moment but I made it LOL

[Mike1987]

Can anyone please help me understand if reversing anything out of AOCI would also have an effect on this current periods Other Comprehensive Income? I know that for example if a previous pension gain is amortized out of AOCI it would reduce AOCI. The Journal entries of reversal all state “OCI” and an opposite Income statement entry so I thought it would affect it (Ex: F3-8), but there are conflicting questions in Becker regarding what is probably a no brainer subject that I do not conceptually understand.

[Tncincy]

@47CPAIVY,

Whoosa is it…..I here you. Good luck. I hope passing God's be upon you.

Back to studying….

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

[Anonymous]

Can someone please explain to me what formula that is they are using in this problem to compute the overstatement of net income.

Miller Co. discovered that in the prior year, it failed to report $40,000 of depreciation related to a newly constructed building. The depreciation was computed correctly for tax purposes. The tax rate for the current year was 40%. What was the impact of the error on Miller’s financial statements for the prior year?

Understatement of net income of $24,000.

Understatement of depreciation expense of $24,000.

Understatement of accumulated depreciation of $40,000.

Understatement of accumulated depreciation of $24,000.

Explanation

Understatement of accumulated depreciation of $40,000. This answer is correct. The requirement is to determine the impact of the error. The result of this error would have been an understatement of depreciation by $40,000 and understatement of accumulated depreciation by $40,000 and an overstatement of net income by $24,000 [$40,000 x (1 – .4)].

[newuseracc]

@CPA2014Dream 40,000 after taxes, taxes are 40% so 24,000 is 60% of 40,000, so 24,000 is 40,000 after taking away tax.

[Mel]

Wishing everyone who takes test to tomorrow the best!! You can kill this exam and move forward! You've studied so you know this information.We can beat FAR!!

[Author]

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