[Rhea]

Hi All,

I am scared by looking at the wiley content of governmental accounting .I am using Yaeger CPA review course.Can anyone tell me what are the important areas in governmental accounting to study?

My exam is on 24 Jan and this is the only chapter remaining and then i will go for revision and solve as much MCQs as i can.

Rhea
Yaeger CPA Review
"Stay the course"

[tough_kitty]

Pretty much everything that is covered in your study materials?? They can test you on anything!

And it's not as scary as it looks….you just need to understand the difference between appropriation and encumberance or whatether that word was….and know the journal entries, and all the fund types, etc. Like I said, everything 😉

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[tough_kitty]

Pretty much everything that is covered in your study materials?? They can test you on anything!

And it's not as scary as it looks….you just need to understand the difference between appropriation and encumberance or whatether that word was….and know the journal entries, and all the fund types, etc. Like I said, everything 😉

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[kevinco]

That's a tough question,, I'm not sure that there is an area one needs to concentrate on. For me I was lucky that the small firm I work in deals with mostly governments and nonprofits. I would try and cover all of the material since colleges do not do a good job in preparing students for governmental accounting (I only had half a class in governmental) Try and get the general concepts and then work the problems. A good chunk of the exam comes from this area.

Boise State Alumni

05/08/13 FAR Passed - 80
07/09/13 AUD Passed - 96
10/10/13 REG Passed - 75
11/07/13 BEC 77!!! I am DONE!!!!!!!!
12/13/2013 Received my CPA license on my son's 6th birthday in the mail! My son is always a blessing!!

BS - Environmental Science
BBA - Accountancy

Becker Lectures and MCQs. Click on my avatar for my LinkedIn page.

[kevinco]

That's a tough question,, I'm not sure that there is an area one needs to concentrate on. For me I was lucky that the small firm I work in deals with mostly governments and nonprofits. I would try and cover all of the material since colleges do not do a good job in preparing students for governmental accounting (I only had half a class in governmental) Try and get the general concepts and then work the problems. A good chunk of the exam comes from this area.

Boise State Alumni

05/08/13 FAR Passed - 80
07/09/13 AUD Passed - 96
10/10/13 REG Passed - 75
11/07/13 BEC 77!!! I am DONE!!!!!!!!
12/13/2013 Received my CPA license on my son's 6th birthday in the mail! My son is always a blessing!!

BS - Environmental Science
BBA - Accountancy

Becker Lectures and MCQs. Click on my avatar for my LinkedIn page.

[Anonymous]

Conquer that fear and do whatever it takes to learn governmental and NFP… They total at least 20% of your exam score. Both of these sections are extremely important, We can't disclose what is on the exam but trust me… Put some time into governmental and NFP! Jump right in. Good luck on test day.

[Anonymous]

Conquer that fear and do whatever it takes to learn governmental and NFP… They total at least 20% of your exam score. Both of these sections are extremely important, We can't disclose what is on the exam but trust me… Put some time into governmental and NFP! Jump right in. Good luck on test day.

[Rhea]

Thanks tough_kitty, kevinco, Baxter CPA for your suggestions!

I am already overwhelmed with the material and this chapter somehow making me crazy.

How much time did it took for you guys to study this chapter?

Rhea
Yaeger CPA Review
"Stay the course"

[Rhea]

Thanks tough_kitty, kevinco, Baxter CPA for your suggestions!

I am already overwhelmed with the material and this chapter somehow making me crazy.

How much time did it took for you guys to study this chapter?

Rhea
Yaeger CPA Review
"Stay the course"

[MintsRGood]

@OP I missed closing out my exam journey by ONE point 2 weeks ago. I'll give you 3 guesses what my ONLY weak topic was per my score report…do not cut corners on GOV!!!!! How long does it take to review all of it? As long as it takes for you understand the terminology, journal entries, and financial statements well enough to consistently score in the 80's on MCQ drills. Do not move on until you do so. Seriously, this topic is not one to cut corners on!!!

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[MintsRGood]

@OP I missed closing out my exam journey by ONE point 2 weeks ago. I'll give you 3 guesses what my ONLY weak topic was per my score report…do not cut corners on GOV!!!!! How long does it take to review all of it? As long as it takes for you understand the terminology, journal entries, and financial statements well enough to consistently score in the 80's on MCQ drills. Do not move on until you do so. Seriously, this topic is not one to cut corners on!!!

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[tough_kitty]

Listen to her ^^ 😉

As for me, I used Roger CPA Review and Roger explained govt acct in his 4 hr lecture WAY better than it was explained in my govt acct class….. but hey, practice makes perfect, so just practice the MCQs after you read the theory….

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[tough_kitty]

Created with Compare Ninja

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[Rhea]

thanks tough_kitty

Rhea
Yaeger CPA Review
"Stay the course"

[Rhea]

thanks tough_kitty

Rhea
Yaeger CPA Review
"Stay the course"

[Whopper Warrior]

I would know the differences between Accrual and Modified Accrual. I would then know what government funds use which; such as capital projects (modified accrual); enterprise fund (accrual), ect. ect. This should cover alot of governmental accounting because once you get the fundamental bones you should be able to cross out the wrong answers and really hone in on what is right.

For Non-Profits, that section is a doosey because of all its weird revenue rules and this balance vs that balance. I dont have a good point to say this is a fundamental foundation as it is a bunch of mini gtochas that only mc can hammer home.

ALL 4 parts passed summer 13
Ethics October 13
Experience (waiting)

Becker Only

[Author]

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