FAR Study Group October November 2013 - Page 31

  • This topic has 1,757 replies, 131 voices, and was last updated 12 years ago by FAR Study Group MCQ’s.
Viewing 15 replies - 451 through 465 (of 1,757 total)
1 2 3 … 30 31 32 … 116 117 118
  • Author
    Replies
  • September 19, 2013 at 12:42 pm #476375
    Monir
    Member

    @ZSR, “‘Each $1,000 bond contained detachable stock warrants for 100 shares of Ray's common stock” means each bond contained 100 detachable stock warrnats so I simply take the face value of the bond divide by each bond price ( 200,000/1000 = 200 bonds X 100 = 20000 warrants ) that's how I came up with 20k warrants.

    @NYC, If a sim has so many boxes that sim wont be difficult. dont worry about the SIM , I am sure you will be fine. Nobodys knows what kind of sim you will get until you have taken the actual exam. If you know your stuff, you are good to go.

    September 19, 2013 at 12:42 pm #476444
    Monir
    Member

    @ZSR, “‘Each $1,000 bond contained detachable stock warrants for 100 shares of Ray's common stock” means each bond contained 100 detachable stock warrnats so I simply take the face value of the bond divide by each bond price ( 200,000/1000 = 200 bonds X 100 = 20000 warrants ) that's how I came up with 20k warrants.

    @NYC, If a sim has so many boxes that sim wont be difficult. dont worry about the SIM , I am sure you will be fine. Nobodys knows what kind of sim you will get until you have taken the actual exam. If you know your stuff, you are good to go.

    September 19, 2013 at 1:56 pm #476377
    Anonymous
    Inactive

    @NYCaccountant, my REG exam (which is the best comparison I can give because BEC is of course the writing component and the AUD sims weren't very numeric) had sims that with several boxes to fill in, but nothing like the Wiley biz combo sim. I think that Wiley sim is a great learning tool, but I'm not expecting anything that involved. Also in some of long Becker sims they even tell you you likely won't get anything that involved on the exam, so I am not worried about getting a sim with that level of depth on the actual FAR exam.

    (I hope I didn't just curse us both by saying that… If we get the long involved sims from hell I'll be kicking myself!)

    September 19, 2013 at 1:56 pm #476446
    Anonymous
    Inactive

    @NYCaccountant, my REG exam (which is the best comparison I can give because BEC is of course the writing component and the AUD sims weren't very numeric) had sims that with several boxes to fill in, but nothing like the Wiley biz combo sim. I think that Wiley sim is a great learning tool, but I'm not expecting anything that involved. Also in some of long Becker sims they even tell you you likely won't get anything that involved on the exam, so I am not worried about getting a sim with that level of depth on the actual FAR exam.

    (I hope I didn't just curse us both by saying that… If we get the long involved sims from hell I'll be kicking myself!)

    September 19, 2013 at 2:03 pm #476379
    NYCaccountant
    Participant

    Thanks DJN and Monir. As I mentioned before, I have just been doing Wiley's book sims, which are very long. They used to be hard, but I guess once you have a better understanding of the concepts, the hard sims become easy.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    September 19, 2013 at 2:03 pm #476448
    NYCaccountant
    Participant

    Thanks DJN and Monir. As I mentioned before, I have just been doing Wiley's book sims, which are very long. They used to be hard, but I guess once you have a better understanding of the concepts, the hard sims become easy.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    September 19, 2013 at 2:45 pm #476381
    Anonymous
    Inactive

    BTW, I found this great link on exchanges: https://connect.mcgraw-hill.com/sites/0077328787/student_view0/ebook/chapter10/chbody1/exchanges.htm

    Depending on what browser you use you may or may not be able to see the journal entries, but this has helped me a ton in case anyone else has problems with this topic. I've also started doing journal entries for every exchange, and that makes it easier for me to.

    (Or maybe everyone is totally gets this and I am just the only moron on this board… HA! Anyway, if this helps just one person I am happy to pay my karma forward.)

    September 19, 2013 at 2:45 pm #476450
    Anonymous
    Inactive

    BTW, I found this great link on exchanges: https://connect.mcgraw-hill.com/sites/0077328787/student_view0/ebook/chapter10/chbody1/exchanges.htm

    Depending on what browser you use you may or may not be able to see the journal entries, but this has helped me a ton in case anyone else has problems with this topic. I've also started doing journal entries for every exchange, and that makes it easier for me to.

    (Or maybe everyone is totally gets this and I am just the only moron on this board… HA! Anyway, if this helps just one person I am happy to pay my karma forward.)

    September 19, 2013 at 3:37 pm #476383
    NYCaccountant
    Participant

    Looking ahead here, but REG is business law and tax, correct? I got A's in every business law class I ever took, so I'm looking forward to that aspect. How much tax and how much business law? I don't know much about taxation except for the very basics, and I know how to do the book to tax reconciliation, which I do at work all the time.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    September 19, 2013 at 3:37 pm #476452
    NYCaccountant
    Participant

    Looking ahead here, but REG is business law and tax, correct? I got A's in every business law class I ever took, so I'm looking forward to that aspect. How much tax and how much business law? I don't know much about taxation except for the very basics, and I know how to do the book to tax reconciliation, which I do at work all the time.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    September 19, 2013 at 4:03 pm #476385
    Anonymous
    Inactive

    @NYTaccountant, the biz law we took in school and what you will use for this exam aren't all that similar unfortunately. Some concepts of course will apply, but there won't be as much overlap as you hope (at least there wasn't for me). For the tax piece, that part was just a ton of memorization because that isn't an area where you can “logic things out” like in other areas. They say there is a 60/40 split but my exam was actually very heavily weighted toward one side (I would say more like 75/25), and my sims went almost exclusively in one direction, so you just never know what you're going to get.

    September 19, 2013 at 4:03 pm #476454
    Anonymous
    Inactive

    @NYTaccountant, the biz law we took in school and what you will use for this exam aren't all that similar unfortunately. Some concepts of course will apply, but there won't be as much overlap as you hope (at least there wasn't for me). For the tax piece, that part was just a ton of memorization because that isn't an area where you can “logic things out” like in other areas. They say there is a 60/40 split but my exam was actually very heavily weighted toward one side (I would say more like 75/25), and my sims went almost exclusively in one direction, so you just never know what you're going to get.

    September 19, 2013 at 5:28 pm #476387
    NYCaccountant
    Participant

    Thank you @ DJN.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    September 19, 2013 at 5:28 pm #476456
    NYCaccountant
    Participant

    Thank you @ DJN.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    September 19, 2013 at 6:18 pm #476389
    Anonymous
    Inactive

    @ZsRizvi: the video truly made my day. LOL. it boosted my mood again. CPA CPA CPA!

  • Author
    Replies
Viewing 15 replies - 451 through 465 (of 1,757 total)
1 2 3 … 30 31 32 … 116 117 118
  • The topic ‘FAR Study Group October November 2013 - Page 31’ is closed to new replies.