[jeff]

FAR Resources:

Free FAR Notes & Audio – https://www.another71.com/cpa-exam-study-plan

FAR 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

FAR Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[Anonymous]

Friends please don't leave small topics. I did that mistake once and I failed with 73. I did everything atleast once and i got cleared this time.

[Anonymous]

Friends please don't leave small topics. I did that mistake once and I failed with 73. I did everything atleast once and i got cleared this time.

[GodsOwn]

@aamir_s1986 – What would you consider a small topic?

[GodsOwn]

@aamir_s1986 – What would you consider a small topic?

[Kenada]

Form 10-Q is filed with the SEC to keep both investors and experts apprised of a company’s operations and financial position. For companies with less than $75 million dollars in public float, Form 10-Q is a report that is currently filed within

A. 90 days after the end of an employee stock purchase plan’s fiscal year.

B. 90 days after the end of the fiscal year covered by the report.

C. 15 days after the occurrence of a significant event.

D. 45 days after the end of each of the first three quarters of each fiscal year.

FAR 05/27/14; 786/110 - Done !

[Kenada]

Form 10-Q is filed with the SEC to keep both investors and experts apprised of a company’s operations and financial position. For companies with less than $75 million dollars in public float, Form 10-Q is a report that is currently filed within

A. 90 days after the end of an employee stock purchase plan’s fiscal year.

B. 90 days after the end of the fiscal year covered by the report.

C. 15 days after the occurrence of a significant event.

D. 45 days after the end of each of the first three quarters of each fiscal year.

FAR 05/27/14; 786/110 - Done !

[Anonymous]

Question/Help me understand:

For antidilution (rule of conservatism) – is it reasonable to go with the rule that if your diluted EPS > basic EPS then it is antidilutive, and to be more conservative your exclude the conversion of convertible bonds?

Now does this mean that you would only report basic EPS on your financials? Or that you would not use the conversion in calculating EPS? I am confusing myself and need help.

[Anonymous]

Question/Help me understand:

For antidilution (rule of conservatism) – is it reasonable to go with the rule that if your diluted EPS > basic EPS then it is antidilutive, and to be more conservative your exclude the conversion of convertible bonds?

Now does this mean that you would only report basic EPS on your financials? Or that you would not use the conversion in calculating EPS? I am confusing myself and need help.

[Anonymous]

hey there andrianashc01!

Dilutive EPS must be < Basic EPS in order for it to be used in the F/S. We don't report the Dilutive EPS when it is > Basic EPS (Antidilutive) because that's not being conservative…you want to report the “worse case scenario” to stakeholders on the F/S. Thus only the Basic EPS would be used…

In essence…you want to report whichever one is the LOWEST.

I hope this helps 🙂

[Anonymous]

hey there andrianashc01!

Dilutive EPS must be < Basic EPS in order for it to be used in the F/S. We don't report the Dilutive EPS when it is > Basic EPS (Antidilutive) because that's not being conservative…you want to report the “worse case scenario” to stakeholders on the F/S. Thus only the Basic EPS would be used…

In essence…you want to report whichever one is the LOWEST.

I hope this helps 🙂

[Anonymous]

Thank you SOOOO much @CPA4birthdaypresent !!! I was so close to understanding, and you helped me figure out the last bits to make it clear!

[Anonymous]

Thank you SOOOO much @CPA4birthdaypresent !!! I was so close to understanding, and you helped me figure out the last bits to make it clear!

[GodsOwn]

So i need advice

I have 54 hrs to my FAR exam and i need to know what to do to maxmize the time i have.

I have watched all the Becker video except chapter 10. I have written notes for Chapter 1 – 6 and revwriten them. As i wrote the notes i took MCQ for each section i read and rewrote and added some from previous chapters.

Now am like should i do the notes for Chapter 7-9 and as i do the notes do MCQ's? and do the same for Chapter 10?

[GodsOwn]

So i need advice

I have 54 hrs to my FAR exam and i need to know what to do to maxmize the time i have.

I have watched all the Becker video except chapter 10. I have written notes for Chapter 1 – 6 and revwriten them. As i wrote the notes i took MCQ for each section i read and rewrote and added some from previous chapters.

Now am like should i do the notes for Chapter 7-9 and as i do the notes do MCQ's? and do the same for Chapter 10?

[Anonymous]

For chapter 7 i would read the notes and do the questions, is on EPS and Cash Flows and those are pretty important (direct and indirect method of setting up your cash flow statement could potentially be a simulation).

For Chapter 8 and 9 I would make sure to get the basics, mneumonics really help and also answer a few questions to get comfortable and understand the journal entries.

Chapter 10 is a moshposh of different information, if you've taken REG you may be comfortable with a lot of stuff. Just skim through it, do multiple choice/read over the examples in the book.

Good luck!

[Author]

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