[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm this one?

[ahugemistake]

That's it, thanks!

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[jpowell31]

here's another:

https://sites.google.com/site/farnotes/gas-34/journal-entries–fund-based-vs-government-wide

i really need to use these websites. definitely a weakness of mine!

[krokofilen]

jpowell31 – is there a way of finding out if our results are submitted prior to midnight on the 14th or not?

Big 4 Audit Manager from Europe here to pass the CPA in the U.S. of A in 2014! Niiice!

AUD - 95 / Jul 15 / 130h over 4 weeks
FAR - 86 / Aug 14 / 240h over 4 weeks
(11 week break)

REG - 81 / Nov 14 / 200h over 4 weeks
BEC - 87 / Nov 17 / 30 h over 2.5 days

[jpowell31]

not that i know of. i've never had this happen and only see people writing about being “on the bubble” once they are waiting for scores. i want to ask the prometric center since i would assume they have something to do with it. mine is at 4PM easter as well so that's really pushing it.

[Anonymous]

@anj I understand that, but why are the other amounts not taken into account to change that 50k balance…This is how I am looking at it: 30k credit balance, 45 was written off, which leaves 15 dr balance. That wipes out the year 1. Year 2 50k is thought to be uncollectible. 50-15 = 35. Why is that not correct?

[Anonymous]

CPA2014Dream,

Yes, there would have been 65000 expense added to bring the ending balance up to 50000, but they are not asking about the expense, they are asking what the ending balance should be

[HopefulCPA0601]

@CPA2014Dream – do the t-chart it helps you figure it out

ALLOWANCE

---

|30,000

45,000 | 65,0000

________________

50,000

The 50,000 they are talking about in the aging of a/r is the required ending allowance. since this questions is asking you for ending 12/31 allowance, this 50,000 is the answer. if the question asked you for exp after giving you all of these amounts, the answer would be $65,000.

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[HopefulCPA0601]

My tchart got messed up.. the 30, 65 and 50K are credits and the 45k is a debit

BEC: 65 - 79* - 84 DONE
AUD: 65 - 76 DONE
REG: 63 - 77 DONE
FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

[Anonymous]

I keep seeing these EPBO vs. APBO questions on Gleim (and getting them wrong). In my notes it's only PBO. Is EPBO presented on the balance sheet? How? Is APBO? Both of them? Confused

[ahugemistake]

Anna do you mind posting a EPBO question? I don't recall seeing anything related to EPBO in CPAExcel, but there were a few ABPO, but they very simple.

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[Anonymous]

I found these 2:

The service cost component of the net periodic postretirement benefit cost is

A. Included in the APBO but not in the EPBO.

B. Included in the EPBO but not the APBO.

C. Measured using implicit and explicit actuarial assumptions and present value techniques.

D. Defined as the portion of the EPBO attributed to employee service for a period.

Answer (D) is correct.

Service cost is defined as the actuarial present value of benefits attributed to services rendered by employees during the period. It is the portion of the EPBO attributed to service in the period and is not affected by the level of funding.

The interest cost component of the NPPBC is the

A. Product of the market-related value of plan assets and the expected long-term rate of return on plan assets.

B. Increase in the EPBO because of the passage of time.

C. Increase in the APBO because of the passage of time.

Answer (C) is correct.

Interest cost reflects the change in the APBO during the period resulting solely from the passage of time. It equals the APBO at the beginning of the period times the assumed discount rate used in determining the present value of future cash outflows currently expected to be required to satisfy the obligation.

D. Change in the APBO during the period.

[ahugemistake]

ok so I just looked at the Pension section in my course and I think it sounds similar to VBO

Two additional liability measures are reported in the footnotes:

ABO (accumulated benefit obligation) – the present value of unpaid pension benefits through the balance sheet using current salaries. This calculation is the same as for PBO except that the latter uses future salaries.

VBO (vested benefit obligation) – the present value of vested benefits;

In most situations, the following relationship holds: PBO > ABO > VBO.

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[Anonymous]

I found this:

The accumulated post retirement benefit obligation (APBO) is the portion of the EPBO that has already been attributed to employees’ service years to date. The OPEB APBO is analogous to the projected pension benefit obligation (PBO).

https://www.nysscpa.org/cpajournal/2007/907/essentials/p36.htm

I can't say it's clear now

[ahugemistake]

Anna, I think they are just trying to trip you up with the E. I believe EPBO is the same as regular PBO

GRAPHIC 17-15

Two Views of the Obligation for Postretirement Benefits Other Than Pensions

1. Expected postretirement benefit obligation (EPBO): The actuary's estimate of the total postretirement benefits (at their discounted present value) expected to be received by plan participants.

2. Accumulated postretirement benefit obligation (APBO): The portion of the EPBO attributed to employee service to date.

https://connect.mheducation.com/sites/0077328787/student_view0/ebook/chapter17/chbody1/postretirement_benefit_obligation.htm

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[Author]

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