FAR Study Group Q4 2014 - Page 104

  • Creator
    Topic
  • #188294
    jeff
    Keymaster

    SO I know every test is different but does anyone have any insight on what has been heavily tested recently? I take the exam Monday and I need to narrow my focus….Thanks!

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

Viewing 15 replies - 1,546 through 1,560 (of 1,629 total)
  • Author
    Replies
  • #628868
    Anonymous
    Inactive

    75% on 55 Gov't MCQ in Becker.

    Yikes.

    #628869
    Anonymous
    Inactive

    So I have a question related to the Becker practice final exams:

    In the first one it marked my J/E's wrong for not including a 0 in the empty space next to the entry. Noticing this, I entered 0's into the black spots on J/E's in the second exam and now they got marked incorrectly. Does anyone know how the exam will grade this (assuming it is not specified directly in the instructions).

    After adjusting for these erroneous “errors”, I scored a 61.22% on practice exam 1 and a 81.33% on exam 2. Not sure if this means I am prepared or not but does anyone have some input for those scores?

    Thank you much!!

    #628870
    Ssbknyc
    Member

    Took my exam yesterday, well rounded test. I like segment reporting, govt, nfp, bonds, sales type lease, ifrs but hopefully I never have to see it again.

    Good luck to all, catch me studying for BEC.

    Done 08/2014-08/2015

    #628871
    Anonymous
    Inactive

    You like those topics? You may be crazy.

    #628872
    Ssbknyc
    Member

    Yea you should like them too, know what I'm saying?

    Done 08/2014-08/2015

    #628873
    Determined CPA
    Participant

    nick I think a 75 on 55 questions is good – don't freak yourself out!!

    maybe you can help me???

    im trying to understand when you classify something as ‘other financial sources(uses) vs operating revenue vs nonoperating revenue….do you know when you use these?

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #628874
    Determined CPA
    Participant

    and I really don't understand the difference between internal service funds and enterprise funds??

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #628875
    Anonymous
    Inactive

    @Determined,

    I just know that enterprise funds operate similar to a business and usually derive over 55% of the needed funds from fees charged to end users.

    The internal funds provide varying services to other government agencies within the government.

    There are obviously many more characteristics of each.

    #628876
    Ssbknyc
    Member

    @determined internal service funds provides services to the govt funds… Enterprise funds is ran like a business where revenues should cover all costs to run the enterprise fund

    Done 08/2014-08/2015

    #628877
    Determined CPA
    Participant

    Government C sponsors a public entity risk pool in which Government C is also a participant. However, Government C is not the predominant participant in the pool. For the situation described, indicate the fund(s) Government C must use to account for the risk pool.

    why is this enterprise?

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #628878
    Ssbknyc
    Member

    @determined.. I have no idea what that question is even asking… I haven't seen anything close to that on the exam…my advice is skip that question and don't look back.. Don't confuse yourself, just know the basics of what makes a fund enterprise

    Done 08/2014-08/2015

    #628879
    Determined CPA
    Participant

    all I see are questions like this in ninja and I get them all wrong and its making me so anxious

    I feel like im spending so much time trying to understand govt acct that im neglected other important topics

    ugh

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #628880
    Ssbknyc
    Member

    That question seems way too difficult and convoluted.. I say just know the terms and definitions of each fund and you'll be fine answering a question on the actual exam..def know the funds but don't stress crazy questions like that

    Done 08/2014-08/2015

    #628881
    Determined CPA
    Participant

    ok, thank you!

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #628882
    Ssbknyc
    Member

    @determined also take a look at the topics I liked above

    Done 08/2014-08/2015

Viewing 15 replies - 1,546 through 1,560 (of 1,629 total)
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