[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

[magatha12]

I'm scoring in the low 70s on NINJA MCQ..I am slightly freaking out since my test is less than 3 weeks away. What is the norm? Should I be getting all 100%s? I feel better knowing that the majority of mistakes I am making, are small ones, like forgetting one step in a calc, just need to keep re writing my notes!

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

Using CPA Excel, NINJA notes and audio, NINJA MCQs

[Tncincy]

@magatha12,

Here is the same instruction I received when I started to panic – Keep doing those mcq's and taking notes. It will come together……I'm still doing mcq's, and taking notes, but I have 19 days before testing, definitely freaking out, so I hope it works. I feel like I am re-learning the material even though I have been over it before, but that's fine with me as long as all of this equals pass (75 doggone it) .

Second queston: which method has everyone else used to calculated bond carrying amount. I have much better sucess using the effective interest rate instead of the straight line method….but ninja notes use straight line. I don't like straying, what do you guys think? (Practicing calculating bonds through sims)

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

[NJPRU]

@tcincy – great advice! 🙂

also, I would use the effective interest method. just my take.. only use straightline if they say to do so. (per Gleim).

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Tncincy]

good deal….do what works right……

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

[mikeygertz]

Really feeling unprepared for FAR. I stopped after Chapter 8 to go back through and make sure I feel comfortable with all the material. I am bombing long term liabilities and bonds. I got 3 sections out of the way quickly and then put off this last one for a while (bad decision). Hoping this stuff starts to click for me very soon

AUD 5/9/13 - 96
REG 7/29/13 - 78
BEC 11/25/13 - 83
FAR 7/1/2014 - 90

DONE!

[Tncincy]

Oh my….I can't look at my computer any longer……I have a really bad headache. But I feel so guilty because I can't go any more today. Oh boy. maybe I'll take a nap and write notes later on tonight. I got to get some order to this madness…..Good luck studying guys.

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

[NJPRU]

My best advice for those who are starting to come down to the wire in their testing and final review is stay calm. I understand that it may be hard to do so, but if you want to pass, you will breathe and continue to focus on what you know. It's impossible to know everything, and I have yet to see a perfect score of 100. With that being said, it's completely normal to feel unprepared and to have jitters, but do not let that get the best of you. You have all, I'm assuming, studied your butts off for this exam and have spent numerous amounts of time to prepare, so don't let that all go to waste by negative thoughts.

The Q2 group knows it best, we all felt the same exact way as many of you, and many of us felt even more discouraged after taking the test; however, many of us came out victorious.

Keep the faith and RTMFQ! 🙂

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Anonymous]

Agree with NJ 🙂

I have seen one person last Qtr get a 99. But that is super rare. Keep studying and don't give up !

[EYNewHire]

If it makes you any of you feel better I'm just about to start F4 and I'm taking the exam in 3 weeks exactly. Granted I have almost all day to study but I rarely (never) use all the time. I plan on doing one section every two days (lecture on day 1 and MCQs/SIMS on day 2). Lets say I take 3 days too long then I'll have 4 days to review before the exam. Piece of cake 🙂

[Tootsie]

Bonds are a beeotch. On to pensions today, this section kinda killed me last time because I wasn't prepared enough. Gonna master it this time, YEAH! Lol. Did I mention that I have to pass and if I don't, my husband told me I'm done, meaning it's time to throw in the towel. I'll pass this time. Studying like a champ.

FAR - 76
AUD - 88!!! DONE!!!!!!!!
BEC - 76
REG - 77

never, never, never give up

[Jspann225]

I'm moving on to Pensions in my review. I love bond accounting, but I dreaded F4. I will definitely need to go through that section again.

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

[jstay]

Finishing F7 today (hopefully) and onto F8 tomorrow. I did pretty well on stockholders equity, alright on EPS, now on to cash flows. I'm hopefully testing late august

Study hard everyone!

[Tncincy]

Feeling better today…ready to take it on again.18 days…getting close to reschedule

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

[Delta_Diva_]

I need help with understanding forward contract. I'm reviewing for my exam 7/2/14.

Beckers Fin. 10 Sim. #4

On 11/1/ year 1, XYZ company forecasts production of $10,000 barrels of oil in January of year 2. Oil is currently selling for $85 per barrel. To hedge the risk that the price of oil will decrease before the oil is sold, XYZ takes a short position in a forward contract for $10,000 barrels of oil at $85/ barrels of oil at $85/ barrel to be settled on 1/31/Year 2. The forward contract requires net settlement, rather than the actual delivery of oil. The oil is sold on 2/1/Year 2 for $71/ barrel. XYZ classifies the hedge as a cash flow hedge of the anticipated change in cash flows from the forecasted oil sales. Relevant forward contract prices are as follows:

11/1/Year 1: $85/ barrel forward

12/31/Year 1: $79

1/31/31/Year 2 $71

How would I record the journal entry on 12/31/Year 1 and 1/31/Year 2?

FAR:68,71,70,72 (Rematch 7/2/14)
AUD:88
REG:76
BEC:75

[magatha12]

Been loving Ninja MCQ so far for FAR, tough but a really good test of my strengths/weaknesses. It did take me awhile to get through the Assessment phase. Is this normal?

My exam is in 2ish weeks and I'm just getting to the adaptive part now- nervous that I won't have enough time. gah. I feel like I will never be ready for this exam!

Need to calm down..

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

Using CPA Excel, NINJA notes and audio, NINJA MCQs

[Author]

Replies