[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

[Mamabear]

@JamesBJames–I agree with you that quizzes need to be taken on previous chapters as you go along. I thought progress tests were different than quizzes. My review course didn't have progress tests, but from what I've read they seem like more than just short quizzes. I would steer clear of those if they are going to lower confidence levels. Use the quizzes as a learning tool. Take notes and review those notes as well as your original notes as you go along to keep the old stuff in your head.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[jbethelak]

I got side tracked today, my DVD with Lecture 13: Bonds had a scratch, making it impossible to watch the bonds portion of the lecture, I had to drive around to a number of stores and finally found a repair kit at Radio Shack, now I'm back on track. I don't need any more anxiety with this exam,

FAR: July 5, 2014
AUD: TBD
REG: TBD
BEC: TBD

[jstay]

where are these quizzes? are you using becker? I am and i only get the hw questions and the progress tests

[Mamabear]

That could be why we have differing opinions. I used the WTB for FAR and I would take short 20-30 question quizzes on prior topics as I went along. I guess for you, you would either need to go back and redo homework questions or do the progress tests to refresh yourself on old information. Try not to let the progress tests lower your confidence though. You are not going to master everything while you are initially going through the material. A lot of it sinks it after you've gone through everything and you're in the review stage.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[HopefulCPA0601]

Alright Q3!!!! LETS DO THISSSSSSSSSSS

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

[nicole2035]

Can someone explain to me why we have the eliminating entries for equity in a business combination?

It's because Assets-liabilities = equity, however in a business combination since you are obtaining net assets (assets-liabilities) it's already accounted for in the consolidation?

Because when i'm thinking about the components of equity i think of the other sides to them, like APIC, Common Stock @ par etc all have cash which the parent will obtain.

[Anonymous]

Hi all! I just started studying for FAR, which will be my first exam. I'm using the Ninja Ten Point Combo and CPAexcel. According to CPAexcel I've completed 4% of the FAR lessons, but I've spent ~12 hours studying already. At this rate, I'll never finish in time for a Q3 test date 🙁

My problem is that I'm taking too many notes, but it's hard to stop myself haha. Any advice? I'm considering just watching the videos and reading the text without taking notes. If I take notes on the MCQs that I get wrong and use the Ninja Notes as a supplement, should this be enough?

I know the best study method depends on the person, but I'm just trying to find the most efficient way to study and I figured you all might have some insight. Thanks! 🙂

Alex

[Mamabear]

@alexpeters–Yes! I made the same mistake with FAR and was taking too many notes. I got half way through the book and became so overwhelmed with notes that I stopped writing and started actually studying and working MCQ. I only took notes on the ones I got wrong or guessed on. FAR is a lot of material so you need to spend more time actually learning than writing. It took me 3 exams before I learned the best way to study. If you figured it out this quickly on your first exam then you should be good to go for the rest of them!

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Anonymous]

@Mamabear- thanks so much for your reply! It's so helpful to hear about other people's experiences!

[LStevens225]

@Nicole-I believe they are eliminated because it is almost like a double entry if you keep them in. If you sold inventory to your sub at a gain well as a consolidated entity there really is no gain as they are one in the same company with a consolidated if that makes any sense… The equity accounts are eliminated because you own them… all but the minority holders (I don't remember what they are called). I THINK you still show them on the f/s… Does that make sense?

[kazlotec]

I am signed up to take FAR July 9th. I have not had the terrible journey that many have had for these exams but I am already second guessing continuing after I take FAR. There are too many negatives going against me that I am so unsure that this is what I really want. I am not sure what to do. I bombed the first FAR big time, didn't do well on REG and now am preparing for the second round of FAR. Like I said, I am loosing motivation and not positive if my heart is fully in it.

[jbethelak]

@kazlotec, you have more experience than I do, after all you have at least taken the exams, which I have not, my first is scheduled for this July 5th, but from reading the many previous posts and researching the net on the topic, I really think the best strategy for passing these exams is having a good study plan and sticking to the plan. I am using the NINJA study plan and I'm about half way through listening and watching the lectures, next I will be going over the lecture and focus notes and then hitting my MCQ's, then writing lecture and focus notes in my own words, and then back to MCQ's, and then finish with journal entries and simulations, I can't guarantee that it will work, but I definitely feel confident about my progress,

Hope this helps,

FAR: July 5, 2014
AUD: TBD
REG: TBD
BEC: TBD

[Anonymous]

Kazlotec..hang in there. Its not easy but it will be worth it in the end!!

started F9 yesterday. Just finished the lectures and now about to start MCQS for non-for-profit. I aiming to finish all 10 chapters by this sunday. Not sure if thats possible but lets see.

[nicole2035]

@LStevens thanks, that does help me out because it's explained really simple.

I'm trying to wrap up chapter Business Consolidations today. Terrified to slowly start reviewing to see how much i really remember. ugh 30 days and i wish i wasn't already panicking for test day

[Anonymous]

I found myself slowing down lately and maybe because I hate the topic (employee benefits)? I went thru the study materials few times already and still I'm overwhelmed by the topic.I'm changing the strategy on this topic by spending more time on the MCQ in study session to familiarize myself with questions rather than the concept. I know it's not ideal but I don't want to push myself too hard trying to understand something that's not sinking in.

I hope everyone is hanging in there on the review! Never give up on your dreams!

[Author]

Replies