[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

[joycehuang]

@clarissa thank you so much! Good luck in your CPA exam!

[Anonymous]

Can someone explain what this means, I'm struggling after the comma:

The FV of security measured at Level 1 is the quoted price times the quantity held, and is not adjusted for the quantity of shares (blockage factor) held.

Are they only talking about shares here?

[Anonymous]

Can someone explain what this means, I'm struggling after the comma:

The FV of security measured at Level 1 is the quoted price times the quantity held, and is not adjusted for the quantity of shares (blockage factor) held.

Are they only talking about shares here?

[big K]

Hello everyone,

Just got my score from my first attempt at FAR and I failed miserably. I am waiting for the breakout from NASBA about the areas that I did weaker in. Starting studying tomorrow and planning on taking the exam in November.

For the others on here that are taking the exam for a second (or third) time what are they trying to do differently this time around? I used Becker self-study, NINJA notes, and rewriting some of my own notes. Planning on using the same this time around and supplementing it with Wiley test bank.

So far I have passed BEC & REG.

Thanks for the input and good luck to all.

[big K]

Hello everyone,

Just got my score from my first attempt at FAR and I failed miserably. I am waiting for the breakout from NASBA about the areas that I did weaker in. Starting studying tomorrow and planning on taking the exam in November.

For the others on here that are taking the exam for a second (or third) time what are they trying to do differently this time around? I used Becker self-study, NINJA notes, and rewriting some of my own notes. Planning on using the same this time around and supplementing it with Wiley test bank.

So far I have passed BEC & REG.

Thanks for the input and good luck to all.

[big K]

Hello everyone,

Just got my score from my first attempt at FAR and I failed miserably. I am waiting for the breakout from NASBA about the areas that I did weaker in. Starting studying tomorrow and planning on taking the exam in November.

For the others on here that are taking the exam for a second (or third) time what are they trying to do differently this time around? I used Becker self-study, NINJA notes, and rewriting some of my own notes. Planning on using the same this time around and supplementing it with Wiley test bank.

So far I have passed BEC & REG.

Thanks for the input and good luck to all.

[big K]

Hello everyone,

Just got my score from my first attempt at FAR and I failed miserably. I am waiting for the breakout from NASBA about the areas that I did weaker in. Starting studying tomorrow and planning on taking the exam in November.

For the others on here that are taking the exam for a second (or third) time what are they trying to do differently this time around? I used Becker self-study, NINJA notes, and rewriting some of my own notes. Planning on using the same this time around and supplementing it with Wiley test bank.

So far I have passed BEC & REG.

Thanks for the input and good luck to all.

[Kaymans]

Just have been skimming through the chapters so far. this test seems like a beast. Everything I have learned condensed into 800 chapters. I planned on taking this test in 6 weeks. Not sure if that will actually happen.

Audit: 91
FAR: 87
REG: 87
BEC: 86

7 months, full-time employee, self-study with Becker (All), CPA excel (REG), Wiley textbook (FAR) and testbank (All)

[Kaymans]

Just have been skimming through the chapters so far. this test seems like a beast. Everything I have learned condensed into 800 chapters. I planned on taking this test in 6 weeks. Not sure if that will actually happen.

Audit: 91
FAR: 87
REG: 87
BEC: 86

7 months, full-time employee, self-study with Becker (All), CPA excel (REG), Wiley textbook (FAR) and testbank (All)

[PiscesChista02]

I'm back in it to win it! I was shooting for an August exam date, but there was just entirely too much going on in my life from still grieving my mother's passing to dealing with other familial affairs. I'm more focused now, and aiming for mid to late-November. However, I'm struggling to grasp accruals/deferrals from the Wiley text/MCQs, and I'm feeling discouraged because I should understand them! 🙁

I'm actually taking a LIVE review course in my area (Ingram CPA Review), and I love it thus far! The class meets every Saturday from 9 a.m. to 5:00 p.m., and Professor Ingram really knows his stuff. Plus, he's readily available to assist when you just don't understand something. I tried Becker, and it just didn't work for me (can't sit in front of a computer watching videos with no interaction), but I will keep the books and notes just for study material. For now, my strategy is the live review course and its lecture notes, Wiley text/MCQs and NINJA notes and old Becker material for backup.

If anyone has a strong grasp of accruals/deferrals, their T-account transactions, and their corresponding journal entries, can you please contact me? I appreciate it!

"I do not promise you ease. I do not promise you comfort, but I promise you these WEARINESS, HARDSHIP, and SACRIFICE. And with that, I promise you VICTORY."-- Robert F. Kennedy

Maryland Candidate

FAR-- 2/21/2014 :-(44... Feeling like the class idiot; retake 5/2014)
REG-- 5/14
AUD-- 8/2014
BEC-- 8/2014

[PiscesChista02]

I'm back in it to win it! I was shooting for an August exam date, but there was just entirely too much going on in my life from still grieving my mother's passing to dealing with other familial affairs. I'm more focused now, and aiming for mid to late-November. However, I'm struggling to grasp accruals/deferrals from the Wiley text/MCQs, and I'm feeling discouraged because I should understand them! 🙁

I'm actually taking a LIVE review course in my area (Ingram CPA Review), and I love it thus far! The class meets every Saturday from 9 a.m. to 5:00 p.m., and Professor Ingram really knows his stuff. Plus, he's readily available to assist when you just don't understand something. I tried Becker, and it just didn't work for me (can't sit in front of a computer watching videos with no interaction), but I will keep the books and notes just for study material. For now, my strategy is the live review course and its lecture notes, Wiley text/MCQs and NINJA notes and old Becker material for backup.

If anyone has a strong grasp of accruals/deferrals, their T-account transactions, and their corresponding journal entries, can you please contact me? I appreciate it!

"I do not promise you ease. I do not promise you comfort, but I promise you these WEARINESS, HARDSHIP, and SACRIFICE. And with that, I promise you VICTORY."-- Robert F. Kennedy

Maryland Candidate

FAR-- 2/21/2014 :-(44... Feeling like the class idiot; retake 5/2014)
REG-- 5/14
AUD-- 8/2014
BEC-- 8/2014

[Anonymous]

Pisces, are you in NOVA?

[Anonymous]

Pisces, are you in NOVA?

[RandomAlt]

@PiscesChista02 … Your question is somewhat vague. I can't really help unless there is something specific to explain. Can you post an example of some questions that the group might be able to work through?

Until then, I will leave you with the two mnemonics I use for the basics of accruals/deferrals…

ABC –> Accrual Before Cash

If it is an accrual, that means the “accruing” event happens BEFORE cash is received/paid

Ex. Accrued Wages Payable. It means the accruing event (salary expense) happens before the cash is paid to the employee

DDR –> Deferral Delays Recognition

If it is a deferral, the “deferring” event happens after (delayed) cash is received/paid

Ex. Deferred Revenue. It means the deferred event (the recognition of revenue) happens after the cash is received from the customer

Man…I hope that isn't too confusing. It works in my head!

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

[RandomAlt]

@PiscesChista02 … Your question is somewhat vague. I can't really help unless there is something specific to explain. Can you post an example of some questions that the group might be able to work through?

Until then, I will leave you with the two mnemonics I use for the basics of accruals/deferrals…

ABC –> Accrual Before Cash

If it is an accrual, that means the “accruing” event happens BEFORE cash is received/paid

Ex. Accrued Wages Payable. It means the accruing event (salary expense) happens before the cash is paid to the employee

DDR –> Deferral Delays Recognition

If it is a deferral, the “deferring” event happens after (delayed) cash is received/paid

Ex. Deferred Revenue. It means the deferred event (the recognition of revenue) happens after the cash is received from the customer

Man…I hope that isn't too confusing. It works in my head!

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

[Author]

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