[jeff]

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

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

[Namstut]

@aatoural thank you but I will need more than luck! Lol!!

Good luck on Friday!!

@HRSexton, I am planning on taking summer off, do some light studying, then hitting it hard in July and retaking in the beginning of August.

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

[Holly]

Testing in Texas tomorrow, driving from Louisiana. I really should listen to videos on the way there, but last time singing really loudly to music was much more relaxing!

BEC - 79
REG - 85
AUD - 5/27/16

[GiniC]

@HRSexton – well, you'll still have most of this studying fresh in your mind, but still – that's exactly three weeks after the score release. They tell us the best approach to a retake is to study everything fresh, as though you hadn't taken it before – how can you do that in three weeks, working more than full time and with a little one? You have to remain sane and keep your hubby from feeling abandoned.

Since I just completely blew a bond payable – supposedly one of my strengths – I'm feeling really negative.

If I don't pass, I'll schedule a retake for the last day of my NTS, in early July. There's no point in rushing, since I won't know about a Q2 result in time to retake in Q3 anyway. I'll probably get my score in August with everyone who takes it in Q2.

[Holly]

I didn't know that was the suggestion to approach a re-take.

BEC - 79
REG - 85
AUD - 5/27/16

[mckan514w]

I'm really torn– I start losing credits at the end of Q3- and I am really effing screwed by the long release window for q2…. Part of me says take it as soon as possible the other part says just take some time off and then take it in Q3 since I won't be able to take it in both…. gee THANKS AICPA for the loss of a testing window- really effing appreciate it. And then the final part of me says I'm done… if I can't do FAR in three tries I have no business being an accountant… so I just do not know.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[aatoural]

Yeah it is true what @ginic says about studying like you hadn't taken it before. But if your are going to do is if you didn't take it at all I guess 3 extra weeks wouldn't hurt. I particularly would not rush because the stress of the wait is gonna be horrible.

Latent

@mckan- Im not even close to my first one expiring and I already have nightmares thinking if I dont pass now, I would not know if I passed until Q3. Which then probably wont retake until quarter 4. And then I just feel like crying. The AICPA “la cago” (excuse my cuban) tremendously there.

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[Holly]

@mckan514w I think that's the stress talking. You only have one left so sure you have business being an accountant. This is just a tough spot to be in.

BEC - 79
REG - 85
AUD - 5/27/16

[aatoural]

does anyone has the same problem with Becker that repeats questions over and over when doing Practice exams?

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[Holly]

Yes I remember seeing that in Auditing and then got paranoid that it was something very small that was different and I would second guess myself. Chose not to do any of those this time around.

BEC - 79
REG - 85
AUD - 5/27/16

[Anonymous]

anyone having problem recalling all the information??

[Holly]

@ginic my software expires 4/3 and my husband works away with a 14/14 schedule. I'm in a unique situation with these things.

BEC - 79
REG - 85
AUD - 5/27/16

[alexisle88]

Hello,

How likely will cash basis to accrual basis conversion be tested? I think it's in Becker F2, M7, Special purpose framework. Thank you.

[mckan514w]

last min. clarifications if someone can help 🙂

1. anything greater than 20-25% of outstanding issue is considered a “large” stock dividend and the debit goes to RE correct?

2. This one has me a little confused– If a company owns more than 20% or can exert significant influence it needs to account for it under the equity method- however can they opt to elect the FV option instead?? and if they do then they account for it just like an investment where they own less than 20%– i.e. unrealized G/L and dividend income go to income statement

3. Partnerships- bonus method the “bonus” goes to the partner entering the partnership and goodwill method it goes to the existing partners??

Oh I feel like I am forgetting everything… thanks to anyone who can chime in!!

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[GiniC]

@mckan514w OK, three more things to look up tonight…

[T Rev]

@Sticky Nicky and others that just passed. What were you trending/averaging going into the test? Only 3 people replied to the designated thread, and none were for FAR.

Thanks

[Author]

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