[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

[Guti]

anjanja, I think you are right cause we paid less taxes by o/s our expenses. When are you taking your exam? You seem more than ready>?

FAR-84
AUD-
REG-
BEC-

[Anonymous]

My exam is on Aug 9th, and I have 0 confidence. My Gleim score is 61% now, but I just started my final review and hope to remember some of that stuff I already forgot. IFRS and Gov. terrifies me

[Anonymous]

@anjanja I feel your pain. My test is also Aug 9th but my problem is that the more I study sometimes the more confused I get 🙂

[Guti]

anjanja, gleim questions are harder than Becker questions and Wiley MC. I get between 80 to 85 on Becker and Wiley but about 60 on Gleim. This is my third time taking FAR. I got a 71 on 5/31. How are you doing with Gleim's simulations?

FAR-84
AUD-
REG-
BEC-

[samdiegoCPA]

Alright, taking 2 hours off to watch GERMANY WIN! So much anxiety, I can't even begin to explain how good next Sunday will feel when World Cup and my exam are both over.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Anonymous]

Hi Gian,

“You are correct if they were asking for cash outflow for interest,but they are not asking for that, they want to know interest expense. “

Thanks for clarifying that. Good to know the calculation (+/-) for interest expense has the opposite effect of cash flow for interest.

[Anonymous]

I haven't tried a lot of Gleim SIMs yet, just some on Cash flows. I did some of Wiley ones and I most of the time I know the answers but the format is kind of confusing.

Also, Go Germany!

[Anonymous]

Cabot Township's Water and Sewer Fund had $40,000 in operating income and a total change in net position of 150,000. The Water and Sewer Fund also had the following transactions either derived from a comparison of current and prior year Statements of Net Position or displayed on the current year Statement of Activities:

Increase in current assets other than cash

$ 30,000

Increase in current liabilities including the $15,000 current portion of revolving debt

50,000

Depreciation expense

70,000

Gain on disposal of fixed assets

2,000

Cash flows from operating activities would reconcile to what amount?

My question: Why do you add back current liabilities to the operating activities?

[Anonymous]

Sorry double post.

[Anonymous]

For those who are using Becker and have the exam coming up, are you guys putting less emphasis in F10 during your review? I feel like I will waste valuable time going over minute detail that F10 seems to have a lot of. Not a whole lot of big picture stuff. Thinking about only reviewing IFRS vs. GAAP section.

Anyone has thoughts on this?

Thanks!

[Anonymous]

cpastudent22,

that's how indirect method works, increase in liability is added. I thought that direct method was required for proprietary funds.

What's the answer?

[samdiegoCPA]

Also doing SCF.

So, from the MCQ I am doing:

Indirect: Accrual to Cash

– Increase CA + Decrease CA + Increase CL – Decrease CL

Direct: Cash to Accrual

+ Increase CA – Decrease CA – Increase CL + Decrease CL

This is probably the most confusing topic I have done. There are no review notes that can ever just simplify this. It's always so confusingly worded.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Tncincy]

Gang I'm here again….19 days out and panicing….Ive been pouring over mcqs and notes….I'm not feeling it. Help

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

[samdiegoCPA]

@tncincy I have 5.5 days left. 19 days is a lot 😉

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Anonymous]

I was not gonna take the Becker final but decided to just do the MCQs. Not sure how the score will correlate to actual exam…

got a 74 overall in 3 MCQ testlets. Exam is tomorrow and am very nervous!!!

[Author]

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