[Q3] FAR Study Group 2014 - Page 160

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  • August 13, 2014 at 5:39 pm #599888
    D C
    Member

    @jstay…Yes MCQs work on mac (I only have apple products).. but you do need google chrome, Using safari I was stuck in an infinite loop trying to login and launch the course. I downloaded goggle chrome and access the site thru there w/o any problems. I also have the ninja audio and notes loaded on my iPhone/ipad.

    Also you have becker so you can download their app as well which has ALL the lectures, MCQs, SIMS.. essentially the entire desktop software on your iphone/ipad.

    So lots of resources are available.

    B - 80
    A - 71, 67, 77
    R - 71, 77
    F - 72, 77
    DONE!!
    Becker Self-study all the way! Did use Ninja Notes & Audio for FAR.

    August 13, 2014 at 5:40 pm #599889
    UHC2005
    Member

    @ D C – I guessed the same way on that question last night. The explanation said that it had to do with a write down to FMV and since the write down was determined in 20X1, it should be included there.

    Using Ninja MCQ, NINJA Notes, Audio, Flashcards and BLITZ, and 2014 Wiley Text

    FAR - (61,63)
    AUD - (68)

    Keep Calm and RTMFQ

    Accountant, what is best in life? To crush your MCQs, see them driven before you, and hear the lamentation of their SIMS!

    August 13, 2014 at 5:44 pm #599890
    D C
    Member

    @UHC2005 I can understand that once they displayed the answer but they associated the decrease in value do to the sale/disposal rather than FMV impairment at year end. So it could be looked at from either perspective if you ask me, more so disposal.

    B - 80
    A - 71, 67, 77
    R - 71, 77
    F - 72, 77
    DONE!!
    Becker Self-study all the way! Did use Ninja Notes & Audio for FAR.

    August 13, 2014 at 5:48 pm #599891
    D C
    Member

    @jstay.. me too.. only downfall of starting to use Ninja products after a year plus with only Becker is I have come to expect certain formats and consistency with presentation and MCQs. Is that a pro or con I have no idea but I do think Becker is very close to actual tests, having taking 7 exams lol.

    The SIMs are really good in becker, its identical to what you find on the exam. Ninja not so much, Also when I'm doing practice test in Ninja if I go back to a previous questions it marks the current question I am on wrong. There is no way to navigate easily between previous questions.

    Ok, enough posting I need to get back to my notes.

    B - 80
    A - 71, 67, 77
    R - 71, 77
    F - 72, 77
    DONE!!
    Becker Self-study all the way! Did use Ninja Notes & Audio for FAR.

    August 13, 2014 at 5:58 pm #599892
    UHC2005
    Member

    Oh I absolutely agree, which is why I answered the same way you did on that question. I took the question as saying the loss was from the sale and not the write down, which to me made sense and since the loss would be in 20X2, I thought it should have been recognized there.

    Using Ninja MCQ, NINJA Notes, Audio, Flashcards and BLITZ, and 2014 Wiley Text

    FAR - (61,63)
    AUD - (68)

    Keep Calm and RTMFQ

    Accountant, what is best in life? To crush your MCQs, see them driven before you, and hear the lamentation of their SIMS!

    August 13, 2014 at 6:28 pm #599893
    CPA50
    Participant

    Shoot – 5 days away and I'm going tachycardic – 100 bpm resting heart rate. No wonder I have a headache and can't think straight. Think I'll go for a walk and come back to MCQ when I can calm down. Sheesh – hope this gets better before exam day!

    Good luck everyone taking it this week!!

    AUD 88 (expired), 80 retake
    FAR 64,69,67,73,67,73,73,73, August 3
    REG 75 (expired) September 7
    BEC 72, 77

    The adventure continues...

    August 13, 2014 at 6:39 pm #599894
    jstay
    Participant

    @dc to your question before about the 125 in x1 and 50 in x2..they are projecting a loss on equipment in year one (for when they sell it) therefore it is the impairment loss, they are writing it down to FV

    August 13, 2014 at 8:51 pm #599898
    Iggy1985
    Member

    I just went through partnership liquidations, and I understand the installment cash distribution schedule (for now lol), but there's a note in the wiley book that says:

    ” It is important to note that this method is acceptable for most purposes; however, a CPA exam problem may require the “safe payment” approach where the amount of the safe payment is computed at a specific point in time”

    anyone know what they mean by this?

    Also, in an admission of a new partner, if cash is paid directly to the partners and the bonus method is used, but the cash is paid to say, only 2 out of 3 partners, do all 3 capital accounts get the bonus in the journal entry or just the 2? >_>

    FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
    AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio
    BEC - 82 (5/8/15) Mostly Ninja MCQ, sprinkles of Becker lectures and Ninja Audio
    REG - (8/14/15)

    August 13, 2014 at 9:18 pm #599899
    Anonymous
    Inactive

    I am so stressed about my exam this Friday, my skin is numb and tingling. I wish I had some weed

    August 13, 2014 at 10:11 pm #599900
    Guti
    Participant

    Im so stress with my FAR exam next week that Im arguing with two individuals on another thread who pretty much say that if you don’t get 90s on the exams, you have not mastered the material, and you will be another mediocre Accountant with a license. At this point, I’m happy with a 75 despite what they said. Let me go back to my studies, so I can fight for my 75.

    FAR-84
    AUD-
    REG-
    BEC-

    August 13, 2014 at 10:37 pm #599901
    jstay
    Participant

    Anna, ME TOO lol but i gave it up until I'm done with FAR (at least, maybe all the exams). i was too much of a pothead and i found myself not remembering crap that i should have been. i feel like after quitting i am remembering stuff..hopefully i remember it on exam day

    -Gian, no difference to anyone but those fools on the other thread, i will be so grateful.happy if i see a 75 on my nasba page

    August 13, 2014 at 11:23 pm #599902
    titoav15
    Participant

    Studying F5 in Becker… love it how Tim dangles the keys from his Benz 🙂

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

    August 13, 2014 at 11:30 pm #599903
    HopefulCPA0601
    Member

    Help: contingencies GAAP vs IFRS??

    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

    August 14, 2014 at 12:45 am #599904
    CPA50
    Participant

    How stressed are you???

    I'm so stressed I complained to the Whole Foods manager about a signature gatherer out in front of their store who was “too friendly”. WTF is wrong with me?

    AUD 88 (expired), 80 retake
    FAR 64,69,67,73,67,73,73,73, August 3
    REG 75 (expired) September 7
    BEC 72, 77

    The adventure continues...

    August 14, 2014 at 12:54 am #599905
    D C
    Member

    i feel so anxious… i feel like i'm forgetting everything and that I will draw blanks on the exam… need to calm down lol.. can't stop looking at material though… need to go thru my materials again…

    B - 80
    A - 71, 67, 77
    R - 71, 77
    F - 72, 77
    DONE!!
    Becker Self-study all the way! Did use Ninja Notes & Audio for FAR.

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