[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

[shaojie1004]

I am using CPAexcel as well. This is so dry and I planned to study FAR for about 50 days and sit on the exam. Maybe I am wrong. The auto schedule system in CPAexcel provides me a plan with 27 hours per week. Hope I can hang in there and keep the pace.

Also, lots of people said Becker is the best and secure your pass. Is there really a huge different on the material between Becker and CPAexcel or other review courses?

[JamesBJames]

I guess the answer is A) $980,000 because the only thing that takes place in 2012 is the operating loss. $1,400,000 * (1 – .3) = $980,000.

The question is really ambiguous, though. I initially tried factoring in the $300,000 impairment loss in 2012 as well. I've read it over a couple of times and double-checked the examples in Becker… and I really don't see why it's not included, honestly. Maybe it's just a poorly written question?

FAR: May 1st, 2014 - 91
AUD: May 29th, 2014 - 97!
BEC: July 16th, 2014 - 91
REG: August 29th, 2014 - 88

Licensed December 2015

Feel free to add me on LinkedIn by clicking my username!

[Anonymous]

James,

I am using roger and I noticed that they sometimes take an aicpa question and rephrase it to maybe make it ‘original', I don't know. Those don't always make sense.

[Jspann225]

FAR is beginning to completely take over my life. I can't do anything without trying to remember a formula or a journal entry. Im getting more anxious as the days go by. Good luck studying today and in the upcoming weeks.

FAR - 93 - 7/1/14
AUD - 94 - 7/25/14
REG - 92 - 8/30/14
BEC - 89 - 10/6/14

[Plako]

Hi everyone. I am scheduled to take FAR on Aug 4th. I just finsihed watching the lectures and doing the HW for F1.

I basically have two months to prepare with 9 lectures to go. Is this enough time to prepare?

Thanks

REG 76 (Expired)
BEC 85
AUD 70 (Rematch August 12, 2014)
FAR

[Anonymous]

2 Months is good amount of time. I did FAR in 2 months.

Just make sure as you go along you keep practicing the material you have already covered as its very easy to forget stuff in FAR

[Plako]

Thanks brainfarts. Always get a chuckle when reading your username in the waiting for score thread 🙂

REG 76 (Expired)
BEC 85
AUD 70 (Rematch August 12, 2014)
FAR

[Anonymous]

🙂 I have been unfortunate that I had to create 4 logins with another71 and for some reason after a few months my login stops working.

I ran out of ideas of what to call myself so — came up with this.

Hopefully I have passed FAR and then I don't to create a login again.. amusing this one also dies on me.

[magatha12]

I'm having a hard time remembering journal entries. Esp for bonds and Stockholder's equity problems. Any tips?

FAR: 79
AUD: 81
REG:5/29/15
BEC:85

Using CPA Excel, NINJA notes and audio, NINJA MCQs

[magatha12]

I realize that I am spot on with the conceptual questions, but once I have to do a problem or a JE, I freeze and keep thinking every question is out to trick me..

FAR: 79
AUD: 81
REG:5/29/15
BEC:85

Using CPA Excel, NINJA notes and audio, NINJA MCQs

[Anonymous]

magatha12 the only tip i can give you about the JE's is write them over and over and over again on scrap paper until you know them by heart.

Then it makes the problem solving much more easier.

[nosleep]

The Heat are really going to make it hard to study ;(

AUD - 74, 90
FAR - TBA

[riascheme]

Hi everyone – need a quick clarification regarding boot in transactions lacking commercial substance:

I know that if boot is 25% of total consideration, that the exchange is monetary. However, this does not apply if the company (who is recording) paid boot, right? Or does 25% rule apply (regardless of whether the boot is received or paid)?

I got a Becker MCQ wrong because of this confusion.

[Anonymous]

@riascheme This is how understand it so if I'm wrong/confusing, anyone can correct me! 🙂

If boot constitute 25% or more, the exchange is treated as monetary exchange. Monetary exchange are measured at fair value, gains & losses recognized immediately using (generally) the FV of assets given up to measure the cost of the assets acquired. The party paying the boot includes the boot amount in the total fair value of assets given up in exchange.

[Anonymous]

@nosleep I agree. It's just disappointing the AC was not working so players were so exhausted. The Heat was not able to handle the heat, literally.

[Author]

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