FAR Study Group October November 2013 - Page 89

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  • October 14, 2013 at 8:52 pm #477255
    Anonymous
    Inactive

    @lleon

    thanks i guess the question was worded in a weird way, usually they say how many months they were outstanding or what day they were issued. in the question i posted it only gave the period of months and the amount. i assumed only those shares were outstanding in those months so i added them up instead of weighting them

    October 14, 2013 at 8:52 pm #477328
    Anonymous
    Inactive

    @lleon

    thanks i guess the question was worded in a weird way, usually they say how many months they were outstanding or what day they were issued. in the question i posted it only gave the period of months and the amount. i assumed only those shares were outstanding in those months so i added them up instead of weighting them

    October 14, 2013 at 9:58 pm #477257
    lleon
    Member

    @cpa yeah it's a funky way to word it. Usually they give you the EVENTS and the dates they happened i.e.: stock split on 6/1 or something like that. On your example, they just give you the # outstanding during that period, without explaining what the event was. Weird way of wording it, but just gotta remember to weight it anyways. Good luck!

    Licensed in Arizona

    October 14, 2013 at 9:58 pm #477330
    lleon
    Member

    @cpa yeah it's a funky way to word it. Usually they give you the EVENTS and the dates they happened i.e.: stock split on 6/1 or something like that. On your example, they just give you the # outstanding during that period, without explaining what the event was. Weird way of wording it, but just gotta remember to weight it anyways. Good luck!

    Licensed in Arizona

    October 14, 2013 at 11:16 pm #477259
    Tuthegreat
    Participant

    Hey. Does anyone know if there is a particular way we must do the journal entities? For instance, the way I was taught in school was to do all the debit first and then credit later. On Becker, they just jumble it. Would we get deducted for that?

    October 14, 2013 at 11:16 pm #477332
    Tuthegreat
    Participant

    Hey. Does anyone know if there is a particular way we must do the journal entities? For instance, the way I was taught in school was to do all the debit first and then credit later. On Becker, they just jumble it. Would we get deducted for that?

    October 14, 2013 at 11:57 pm #477261
    lleon
    Member

    @Tuthegreat from what I understand, Simulations are graded by people, so that shouldn't be a problem.

    Licensed in Arizona

    October 14, 2013 at 11:57 pm #477334
    lleon
    Member

    @Tuthegreat from what I understand, Simulations are graded by people, so that shouldn't be a problem.

    Licensed in Arizona

    October 15, 2013 at 3:14 am #477263
    AGI
    Participant

    I hate simulations with “minus” sign problems. Should I put it should I not put it.. always a problem! (That's the main reason I didn't get half of the answers right, not because I don't know the answer, but I didn't put the minus sign correctly).

    New York - NYC
    Passed CPA Exam (11/2014)
    In search for a position in NYC that will fulfills the license requirement.

    October 15, 2013 at 3:14 am #477336
    AGI
    Participant

    I hate simulations with “minus” sign problems. Should I put it should I not put it.. always a problem! (That's the main reason I didn't get half of the answers right, not because I don't know the answer, but I didn't put the minus sign correctly).

    New York - NYC
    Passed CPA Exam (11/2014)
    In search for a position in NYC that will fulfills the license requirement.

    October 15, 2013 at 2:16 pm #477265
    W_HAMILTON
    Member

    @ robomarcus: Thanks for responding. Misery loves company 🙂 I still have my exam scheduled for this Saturday; I still have F9 and F10 to finish, and I haven't really been doing any MCQs or simulations since F3. I think I'm gonna give it a go, and hope that (1) the exam is easier than anticipated and (2) my undergrad and graduate accounting experience will kick in. I hope that, plus a lot of cramming in the next couple of days, will help me through. I know someone that passed (just barely!) having studied one night, so I figure if he can, maybe I can with this half-***ed study plan I've been doing the past few weeks :p

    @ yellowsugar: On the actual exam, I think most simulations are pretty clear as to whether or not you should use +/- or enter all amounts as positive amounts. If you come across a simulation where it seems to be ambiguous, be sure to check all the information again thoroughly, because it usually has it somewhere in that mass of information presented. I know for AUD (which at times has similar simulations to FAR), I would have missed a lot of points had I not realized that the simulation asked for one thing (e.g., enter all amounts as positive) when I first assumed it wanted me to enter something else (e.g., +/- numbers).

    REG - 93 (7/30/13)
    BEC - 90 (8/19/13)
    AUD - 98 (8/31/13)
    FAR - 84 (10/19/13)

    October 15, 2013 at 2:16 pm #477338
    W_HAMILTON
    Member

    @ robomarcus: Thanks for responding. Misery loves company 🙂 I still have my exam scheduled for this Saturday; I still have F9 and F10 to finish, and I haven't really been doing any MCQs or simulations since F3. I think I'm gonna give it a go, and hope that (1) the exam is easier than anticipated and (2) my undergrad and graduate accounting experience will kick in. I hope that, plus a lot of cramming in the next couple of days, will help me through. I know someone that passed (just barely!) having studied one night, so I figure if he can, maybe I can with this half-***ed study plan I've been doing the past few weeks :p

    @ yellowsugar: On the actual exam, I think most simulations are pretty clear as to whether or not you should use +/- or enter all amounts as positive amounts. If you come across a simulation where it seems to be ambiguous, be sure to check all the information again thoroughly, because it usually has it somewhere in that mass of information presented. I know for AUD (which at times has similar simulations to FAR), I would have missed a lot of points had I not realized that the simulation asked for one thing (e.g., enter all amounts as positive) when I first assumed it wanted me to enter something else (e.g., +/- numbers).

    REG - 93 (7/30/13)
    BEC - 90 (8/19/13)
    AUD - 98 (8/31/13)
    FAR - 84 (10/19/13)

    October 15, 2013 at 3:31 pm #477267
    LoxRican
    Member

    I just took audit for the 2nd time 10/14. Originally test 7/31 with 68!

    Now I'm looking for some payback with financial. My first test 5/24 and score 73. That really hurt my feelings. This is really personal. I know you guys understand that. My co-workers say CPA doesn't really matter!!! However, no one is getting off their rear end to improve themselves. I ‘m taking a few days off to catch-up with my closet which has been suffering with all my studying.

    October 15, 2013 at 3:31 pm #477340
    LoxRican
    Member

    I just took audit for the 2nd time 10/14. Originally test 7/31 with 68!

    Now I'm looking for some payback with financial. My first test 5/24 and score 73. That really hurt my feelings. This is really personal. I know you guys understand that. My co-workers say CPA doesn't really matter!!! However, no one is getting off their rear end to improve themselves. I ‘m taking a few days off to catch-up with my closet which has been suffering with all my studying.

    October 15, 2013 at 3:32 pm #477269
    LoxRican
    Member

    Hi lleon,

    I'm using yaeger right now. How do you like CPA excel?

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