[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

[jennibfox]

@Tarheelgirl — I would go ahead and do that because it takes a few days to get it for the AL. I know we will get it done this time. We just need to stay focused!!! Not that it is great that your husband is leaving for 9 days but I would love if my husband would leave for 9 days so I wouldn't be distracted!

FAR - JULY 2014 - PASSED
BEC - MAY 2015 - PASSED
REG - AUG 2015 - PASSED
AUD - AUG 31 2015

[Anonymous]

Hi everyone…

Can someone clarify the difference between foreign currency translation vs. transaction gains/ losses, and where the g/l go into? I'm running into MCs that state both go into OCI, then one that says translation –> OCI, transaction –> Income.

Thanks.

[Tncincy]

My plan is to go over each subject within ninja notes, then do the wtb mcq's…..I have not been very successful in doing random mcq's. I have been getting at least half correct, of that half I probably guessed half. so that tells me I need a little more time with the notes. ( I think) . I'm starting power week end with non-stop study tonight. I am going to continue through out today, but I need this marathon. I hope somebody find a method to this madness. Open for suggestions………

I can say that I find a lot of the answers in the notes AFTER I bomb at least 60 mcq's….so there is hope.( I think)

Far 7/7 -_____-

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

[princeCPA]

@jennibfox

Where can I get this AL for the reaserch? I have no idea about it

BEC 79
FAR 86
AUD 79
REG 90

[Tncincy]

@tootsie, how did you do on your practice exams? Are they a good gauge for progress?

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

[Tarheelgirl]

@jennibfox – haha! Yeah going to miss him, but I keep thinking about all the studying I can get done. And thanks, I will order the AL tonight then.

@princeCPA – the AICPA website offers it free for 6 months.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Tarheelgirl]

@ princeCPA – here is the link…

https://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/HowToPrepare/Pages/literature.aspx

I don't have my NTS with me to order it now.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[princeCPA]

@Tarheelgirl

Thank you so much. My exam is on July 1 st. Looking nervous already I have done only 650 MCQs from all modules on WTB.

BEC 79
FAR 86
AUD 79
REG 90

[Tncincy]

Oh Lord, I forgot about AL…..I guess I better practice that too.

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

[Tootsie]

@tncincy, the Becker practice exams are harder than the actual exam IMO. But, yes, I could tell what areas I really needed to work on, like the sims. The sims are hard for me, but once I do them a couple of times, it starts to stick. And I am taking my time learning stuff I was weaker in on my last actual exam.

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

never, never, never give up

[RandomAlt]

So I'm having problems with a question I feel like I shouldn't be having problems with:

Q: A bond issued on June 1, 2004 has interest payment dates of April 1 and October 1. The bond interest expense for the year ended December 31, 2004 is for a period of

A: 7 Months. From June 1 – Dec 31

Ok, that I get, but the follow-up detail in the explanation is what I am confused about. The answer also says this:

---

Only six months of interest was PAID in 2004 because the bonds were issued after April 1 (one of the two interest payment dates per year), but that is not what the question asks.

---

I don't get that. Which 6 month period was paid. If interest expense starts with the issuance date, and the only payment date is October, wouldn't payments be from June – October? (4 months)

Or am I over complicating this… Is the reason that because the first 2 months (April & May) are accrued (even though the Q doesn't say this), they don't count as interest expense, but they do count towards the payment?

Thanks!

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[EYNewHire]

I think you are over complicating it. It doesn't matter the period of time elapsed. Each bond holder will get 6 months of interest every April and October.

[kpb]

It takes me 2-3 days to: read a chapter, work all the MCQs and watch the lectures for each chapter. Is it just me? Because some people talk about working full time and still studying for far within like 8 weeks and passing only studying like 25 hours a week or so. I am pulling 8 hours a day, 6 days a week. Is there something wrong? I don't get it. I feel like i've been moving rather fast. dont know how other people do it so FAST while working full time

BEC - 81 4/08/14
FAR - 80 8/25/14 Thank you Jesus!
REG - 69 (Nov 14),80 1/08/15 Thank God!
AUD - 70 (May 14), xx 5/1/15

Becker Online & Becker Flashcards
I definitely wish I was one of those people who got all 4 exams done in 4 months, but unfortunately LIFE (being a newlywed, stress, adjusting to newlywed life and cpa exam study life, as well as starting a job with a Big4 which I am very happy about) got in the way, just happy that I am passing period!!

I can do all things through Christ who strengthens me!

[Anonymous]

@Random it. I just did the MCQ. I believe the question is asking for the total interest expense for the year. And interest expense is “recognized” for the entire period from the issuance thru the fiscal year end, hence June 1 to Dec 31.

Also when the bonds were issued at June 1st, the investor had to pay for two months of accrued interest for April and May, which will be paid back to him with the Oct payment. Not sure if that helps.

[Tncincy]

@kpb, you have to pace yourself. the others might not read everything, or watch the videos, the materials maybe fresher to them. At any rate, you have to pace yourself and just study. I got a little self conscience reading some of the post because I also thought I must be doing something wrong because I am not going as fast or covering as much material as others. What I realized is that their situation is theirs and mine is different. So study, cover what you need to, if you have to read the book read it, if you need the videos watch them, but don't quit. One thing for sure…..If we study we will pass.

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

[Author]

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