[jeff]

Welcome to the Q1 2017 CPA Exam Study Group for FAR. 🙂

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

[Namstut]

I am SO confused at this point! Can someone please confirm (Jeff, if you are still around and are cracking up about Depends with us, please help?):

Change from Cost to Equity results in a prospective adjustment, no restatement of financials is required.
DTL and DTA are both non-current.

Is this what the buzz is about? I am trying to catch up but it is not catching on! 🙂

Thanks!!

AUD 7/6/16 Passed
BEC 9/3/16
FAR TBD
REG TBD

[Cruzer]

How is everyone feeling heading into the last few days before exam? How is everyone scoring. I am only trending mid 60's and am about to have a panic attack. Thought I would be mid 70's by this week but am struggling with some older questions I haven't seen in awhile.

[mtaylo24]

I'm like you. trying to hold it together….I feel like my average hasn't budged mostly because of Gov't and NFP. I just whipped out my emergency pdf that I built a few weeks ago. Hopefully that's my saving grace.

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)

[Mscfisher]

I can't sleep… I'm trying to cram everything into my brain. I know I'm a lot more prepared than last exam. I need to go over the budgetary accounting and pensions. I keep thinking today is Wednesday but it's not it's Tuesday. I'm a wreck.

[NYaccountingstudent]

@mscfisher all my days are messed up also

I barely got any sleep last night so today was a really bad study day

I only watched half of Bobs videos for Govt and none of the NFP videos…i dont know if i want to waste time watching videos since there is only two days left

[norseman88]

I'm feeling terrible, today has been a terrible day.

[Mscfisher]

@namstrut dta and dtl and non current and testable as such. Not sure about the other.
@ny a lot can be accomplished in 2 days you never know what may just click.

[Namstut]

Thanks @Mscfisher!

This is is the first time that I skipped practice exams. I ran out of time. Yes, 7 weeks for FAR can be enough but it all depends on individual's schedule. I think I bit more than I could chew with this one.

I just goofed around for an hour (read – worked) and I don't know where to begin tonight.

I hope everyone manages to get some decent sleep! I will be bouncing around for a few more hours.

AUD 7/6/16 Passed
BEC 9/3/16
FAR TBD
REG TBD

[mtaylo24]

^^^Namstut with the avy LOL

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)

[allstr921]

Got my test tomorrow, did my first practice exam and finished with an 1hr left, had 1hr and 53 mins left after mcq and 59 mins left when I finished the sims, need to slow up a bit tomorrow, maybe take a little more time on mcqs. Got a 64% so we will see what happens tomorrow, I'm not expecting to pass, I know theres a bunch of material I need to memorize still, although I've come a long way, I got all morning to study some of the topics I missed on the practice exam, 330pm is coming quick. Good luck to all taking the exam tomorrow

[Sticky Nicky]

Thanks guys! I made it!

[allstr921]

congrats

[Cruzer]

Does anyone know the new FASB ASC for the inventory valuation under IFRS? Also are all these fair game on exam? Please reply “no, do not look over.”

[Cruzer]

How do you post a link to a website?

[mtaylo24]

Good job Sticky!

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)

[Author]

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