[jeff]

Welcome to the Q3 2017 CPA Exam Study Group for FAR. 🙂

Introduce yourselves and let your fellow NINJAs know when you plan to take your FAR exam.

The Five Steps (NINJA Framework): https://www.another71.com/pass-the-cpa-exam/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[CPAIN2K17]

@tulip lol I did not inbox wannafree anything, but I am happy to see he has found enlightenment from something I may have posted. BTW, I'm a female 🙂

[CPAIN2K17]

@itsj0nathon if the event took place in the year the FS are issued for (a company filed bankruptcy after the B/S date but their financial position had been deteriorating during the year of the F/S) you would accrue and disclose.

[Wannafree]

It seems FAR candidates are sleeping till Mid August , no posting to this thread.I am working on forecast that “partly cloudy with slight chances of shower”.Congratulations to all whose forecast are “Thunderstorm or heavy rains” .

[kincaidr04]

I am taking FAR in July and using Becker to study. Is it a good idea to also use FAR Ninja audio while at the gym? And if so, if I am on ch 4 in Becker should I only listen up to chapter 4 and continue once I continue in the book or listen to the whole audio?

Thanks for all feedback!

[Anonymous]

@kincaidr04 it really wouldnt hurt to listen to it while working out. 2 birds 1 stone. best of Luck

[abig]

Currently using Becker and on F1 M7 doing the skills practice,

anyone notice you have to list the items in proper order or its wrong? Why is that?

Also, on the OCI part of the skills practice Tim says the unrealized loss on AFS securities is 24k with no explanation. Anyone understand why?

[jonm857]

I'm confused why “dividends in arrears” is not being used in this problem. My understanding is that dividends in arrears should be calculated on cumulative preferred stock.

B - 81
A - 87
R - 73
F - July 5th

[mtaylo24]

@jonm857 They would tell you if they had undistributed dividend in arrears from prior years. Not seeing that mentioned in this question.

Edit: its cumulative, wouldnt it already include undistibuted dividends in arrears, sorry I'm rusty.

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[Wannafree]

@justa75pls u would pass for sure,u don't need new approach.It was painful to fail FAR twice in a row even though I feel I know the FAR concept very well.Just practicing more.

[jonm857]

thanks, @mtaylo24

B - 81
A - 87
R - 73
F - July 5th

[abig]

So many issues with FAR on new Becker, there are no options for blank selection so if you put something there you cant change it

[justa75pls]

@abig If you double click on the cell (don't make a selection), press cancel and then hit the delete key, it should remove it. Not sure if there's a better way but it works.

[Vinti]

Hello everyone, I am planning to take FAR exam, can you tell me how much time it will take to study?

[WorkingMyAssetsOff]

Hello Everyone!

I just graduated college and am studying for FAR! I am planning to take it mid-July.
Is anyone else using Surgent CPA Review? Is it effective?

I am so scared because my job requires me to pass all four sections before I start in January.

[abig]

On Sim # 2 on F1, does anyone know how they get a tax rate of 30%?

[Author]

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