- This topic has 6,247 replies, 475 voices, and was last updated 15 years, 3 months ago by
FARSUXCPA.
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June 25, 2010 at 1:33 pm #157974
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July 29, 2010 at 5:36 pm #242850
AnonymousInactiveThanks soo much!!!
I printed out your example, and I'm going to go back & try the questions again.
Thanks again.
July 29, 2010 at 8:11 pm #242851
AnonymousInactiveI printed it too because it is something that stumps me every time.
Thanks, BeckerAllTheWay.
July 30, 2010 at 2:33 pm #242852
TrevorParticipantI am not there yet, but I am sure this will come in handy BeckerAllTheWay. I remember my advanced accounting class in college and it was miserable! Thanks and good job on the explaination.
BEC: 73,81(7/6/2010); AUD: 75(5/24/2010); FAR: 76(8/31/2010); REG: 77 (10/18/2010) - DONE!!!!
July 30, 2010 at 3:11 pm #242853
gabe1475ParticipantI will be taking the first part of the CPA exam and figured that I would tackle the hardest, FAR, first. I am scheduled to take it 8/4 and would like feedback from people who used Yeager as to benchmarks on on how you did on practice tests. I would appreciate comets regardless of pass or fail to see if there is a point where there is a decent margin of error. I feel confident and ready, but not sure how the test compares to the test bank CD that comes with the Yeager Review. I have another 3 full days and 2 half days to study at 8-10 hours per day and am currently in the mid 80% for scores on practice exams.
FAR - 95
AUD - 82
REG - 94
BEC - 84July 30, 2010 at 3:40 pm #242854
MPoni123Participantgabe 1475 – i remember cindy mentioning in one of the lectures for FAR that the test bank is really only to gauge how the functionality of the exam is going to be. she doesn't actually expect us to do the questions. she said do all the minimum ones she assigns first, then if you still feel you need more practice do all the m.c. questions in the Wiley textbook, plus work the sims she assigned. then go to the aicpa website and do their practice exams, etc.
i don't see how the test bank CD can hurt if you do them. i know before my BEC exam i worked through quite a bit of m.c. in the test bank just to see how i did on the areas i was weak on. for FAR though it might be a little more overwhelming.
are you in the mid-80% for scores in the Wiley book…or test bank CD? i would revisit areas where you feel weak on still (if you have any) and just keep working m.c. questions. good lluck!
AUD - 84; REG - 90; BEC - 79; FAR - 75; ALL DONE!!
July 30, 2010 at 3:44 pm #242855
MPoni123Participantday 3 for me at the library yesterday for about 5 hours…i feel like i got BEAT over the head with all that inventory information!!! inventory is NOT my strong point. i would prefer doing a comp or review and the client supplying me with their inventory number and saying ok it looks reasonable. haha and most of them have a periodic system anyway (they count it…and just value it!) i wish there was a “pass…immaterial” selection on the exam! lol
was anybody else confused with DVD 3 on inventory? cindy does a pretty good job explaining it, but i felt it to be a little rushed. i had to keep pausing it and/or rewinding it to make sure i had everything written down. i am definitely going to have to review all the different inventory methods! =/
AUD - 84; REG - 90; BEC - 79; FAR - 75; ALL DONE!!
July 30, 2010 at 4:06 pm #242856
AnonymousInactiveLol….Oh, is Cindy the one's who's teaching Inventory- Module 8? I used the 2009 version, and had someone else for that Module. I had to read Dollar value LIFO over and over again because I felt that was a bit rushed.
July 30, 2010 at 4:13 pm #242857
gabe1475ParticipantMponi123 – The reason I like the test bank is there are lots of questions that are reviewed during the lecture and want to see results of fresh questions. I think they stay away from the test bank as there are some errors, but I look up anything that looks suspect and find it is a great way to study. After each test I print out the answers I got wrong, create a file with those questions and keep a file on the concepts I had incorrect. Derivatives and NFP are my worst, and yes, I am focusing on those areas in addition to the sample tests.
FAR - 95
AUD - 82
REG - 94
BEC - 84July 30, 2010 at 4:30 pm #242858
magic_8_ball_did_i_passParticipantWendy,
Becker gave me an extension for a month…then i became “creative” and i am still using the software.
IL - BECKER=============> DONE
REG - 80; FAR - 65,79; AUD - 53,78; BEC - 71,68, 75 (used becker and yaeger for 3rd BEC)Ethics 95I'M GONNA CELEBRATE AND LIVE MY LIFE SAYING AYE OH BABY LETS GO!!!!!
August 1, 2010 at 2:13 pm #242859
GATORParticipantSo I am going through Chapter 4 of Becker (Working Capital and Fixed Assets). In one of the multiple choice questions, it asks for the total current liabilities amount in the balance sheet after giving a bunch of items. One of the items given is a deferred tax liability. While it says in the Becker review that a Deferred Tax Liability is included in current liabilities, the question/answer excludes the deferred tax liability. The solution explains that a “deferred income tax payable is a “separate deferred category” on the balance sheet, and thus, is not considered a current item. Does anybody know which is right? Is a deferred tax liability a current liability or not? Thanks for your help
August 1, 2010 at 4:01 pm #242860
OnMyWay75Participant@ Gator
DTL can be included as either a current or non-current liability depending on what has caused the DTL. DTL are classified based on what caused DTL. Therefore, if the DTL is caused by a temporary difference in A/R the DTL will be current. In the event the DTL is caused by a temporary difference in deprecation the DTL will be classified as long-term. These concepts are covered in detail in F-6. Without seeing your question I would think there may be some tricking wording that is excluded the DTL as a current liability. Hope this helps
August 1, 2010 at 5:11 pm #242861
AnonymousInactiveWelp…my family just pulled out of the driveway w/the boat attached heading to the river.
Where am I?? Home studying for FAR on Wednesday!!
Boy, doesn't this just suck!
August 1, 2010 at 6:02 pm #242862
MPoni123ParticipantI feel you CPA – Valenz…my boyfriend is at the pool and I relunctantly declined because I want to get some studying done. Isn't it Sunday where you are?! lol…I don't get the whole Wednesday thing? Either way it SUCKS not being a part of fun activities.
I have a routine…first I check facebook and then another71…THEN I sit down and study. Looks like my procrastination is over…DVD 5 for Yaeger here I come.
AUD - 84; REG - 90; BEC - 79; FAR - 75; ALL DONE!!
August 1, 2010 at 6:18 pm #242863
AnonymousInactive(I think he means he's taking the test on Wednesday)
August 1, 2010 at 6:24 pm #242864
whonis2002ParticipantGee… doesn't it suck to be us. Am sitting here and struggling with the whole inventory LIFO, FIFO stuff. It really can get confusing..aaahhhh…
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