[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"

[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

[kevinco]

I agree with Whopper Warrior, know the basics, also try an know which F/S applies to which governmental fund/ entities ie and what measurement focus they report in. For the non profits try and know what f/s they report and the different types of non profits.. Again, go through EVERYTHING!

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]

I agree with Whopper Warrior, know the basics, also try an know which F/S applies to which governmental fund/ entities ie and what measurement focus they report in. For the non profits try and know what f/s they report and the different types of non profits.. Again, go through EVERYTHING!

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.

[Rhea]

Thanks Whopper Warrior and Kevinco!!!

Rhea
Yaeger CPA Review
"Stay the course"

[Rhea]

Thanks Whopper Warrior and Kevinco!!!

Rhea
Yaeger CPA Review
"Stay the course"

[MintsRGood]

Make sure to understand the financial statements for not only the Gov. wide but fund financials as well! It's prime MCQ gold to ask “which of the following statements are NOT required for XXX fund?” and hear nothing but crickets chirping in your head or get confused by the answer choices. I'm making flashcards of the specific statements required by all the funds to keep everything straight.

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]

Make sure to understand the financial statements for not only the Gov. wide but fund financials as well! It's prime MCQ gold to ask “which of the following statements are NOT required for XXX fund?” and hear nothing but crickets chirping in your head or get confused by the answer choices. I'm making flashcards of the specific statements required by all the funds to keep everything straight.

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

[Rhea]

Thanks everyone for brief idea about govt accounting..Done reading the chapter and today hitting MCQs..

Rhea
Yaeger CPA Review
"Stay the course"

[Rhea]

Thanks everyone for brief idea about govt accounting..Done reading the chapter and today hitting MCQs..

Rhea
Yaeger CPA Review
"Stay the course"

[Author]

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