[jeff]

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

[mb0363]

@silvercamaro77 and @nute thank you so much! explained perfectly.

BEC - PASS
AUDIT - PASS
REG - PASS
FAR - PASS

[mb0363]

State and local governments have various sources of revenue. When revenues are received from charges to users for services provided, these revenues are classified as:

A. program revenues.

B. general revenues.

C. general revenues and program revenues.

D. specific revenues.

Can someone lead me to where Becker discusses this?

BEC - PASS
AUDIT - PASS
REG - PASS
FAR - PASS

[OnMyWay732]

When everyone says Becker questions are harder than CPA for FAR, do you just mean the final exams or progress test questions as well?

I just got a 74 with minimal help so just wondering if I should feel good or not haha

AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81

DONE!!!!

Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"

[OnMyWay732]

No one in this group would. We're all in the study group so we haven't seen it yet.

I take tomorrow as well and I'm just brain-fried right now. 2 1/2 more hours of studying then done

AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81

DONE!!!!

Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"

[mb0363]

It's almost time y'all. Could be done with these exams forever. Good luck to everyone 🙂 it was great interacting with you all, learned so much. Hope I don't see anyone in q1.

BEC - PASS
AUDIT - PASS
REG - PASS
FAR - PASS

[Gabe]

Doing some light note reading…then going in to conquer FAR. See you guys on the other side.

CPA, CFE
CISA- Experience will be completed by August 2016

[Anonymous]

Good luck @Gabe!

I'll be here studying all day.

[mb0363]

How do you record (JE) for a lease with payments due at the END of the year?

BEC - PASS
AUDIT - PASS
REG - PASS
FAR - PASS

[plotikkk85]

Hi All! I am working with becker chapter 2. Not sure how to deal with this question:

House Publishers offered a contest in which the winner would receive $1,000,000, payable over 20 years. On December 31, Year 1, House announced the winner of the contest and signed a note payable to the winner for $1,000,000, payable in $50,000 installments every January 2. Also on December 31, Year 1, House purchased an annuity for $418,250 to provide the $950,000 prize monies remaining after the first $50,000 installment, which was paid on January 2, Year 2.

In its Year 1 income statement, what should House report as contest prize expense?

a. $468,250

b. $0

c. $418,250

d. $1,000,000

The right answer is A. But why?

[Anonymous]

@Plot,

In determining contest prize expense, one aggregates the PV of the purchased annuity to pay the prize in addition to any upfront installments paid within the first year.

[OnMyWay732]

Sooo I just got home from FAR…needless to say it was not fun. It wasn't really how I expected. A lot more conceptual MCQ than math intensive. Not to say there were none involving math, but nothing compared to Becker. And also doesn't mean I knew them all.

I felt my sims were atrocious. In my gut feeling, it all relies on how I did on my sims…fingers crossed!!! Anxiously awaiting December 9

AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81

DONE!!!!

Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"

[Dantrick]

I took FAR yesterday. People said the first testlet was easy, then they got harder. My first question was a huge bond question. I couldn't believe this was suppose to be the easy testlet. I have to say the test was actually harder then I thought it would be. I was super bummed I did not get any conceptual or inventory. Study IFRS, Pension, Government, and JE. The simulations were long. I left myself 2 hours for the simulation and I used every minute. I used Wiley Test Bank and Ninja Notes.

[OnMyWay732]

@Dantrick…I think the questions got harder. Not many inventory..definitely IFRS and a ton of NFP

AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81

DONE!!!!

Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"

[OnMyWay732]

@Dantrick…I think the questions got harder. Not many inventory..definitely IFRS and a ton of NFP

AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81

DONE!!!!

Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"

[hudnetj]

anyone still out there?

I have a question regarding Statement of Cash Flows…

For regular, Interest paid, interest received, and dividends received are operating while dividends paid are financing…

Where is interest paid/received and dividends paid/received on the SOCF for Propietary funds, and for NFP SOCF??

BEC - 76
REG - 76
FAR - 77
AUD - 63, 89

DONE!!

CPA 3/15

[Author]

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