Governmental accounting

  • Creator
    Topic
  • #186460
    yhe1223
    Participant

    Hi everyone,

    I am still in the stage of reading all the materials , just wondering if anyone who had FAR test could tell me if the coverage of Governmental accounting is not very broad, because i don’t have so much time left and I haven’t read the whole chapter, and want to know if I can skip some part of the chapter.

    Thank you very much!

    Step by step
    BEC 75 2013/11
    FAR 76 2014/10
    AUD 87 2015/1
    REG 83 2015/3

Viewing 13 replies - 1 through 13 (of 13 total)
  • Author
    Replies
  • #577810
    lude4life13
    Member

    When someone I know took the exam after “skimming” govt accounting, they told me they think they would have passed if they had studied it. IMO it isn't really hard at all, just completely different. After spending a solid few hours on the material its not too hard to grasp, especially since it is a tested concept.

    #577811
    Mamabear
    Member

    I suggest you skip the reading and start working the government MCQs. You need to know it and the MCQ will help with that.

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

    #577812
    lude4life13
    Member

    Im not sure I would agree with skipping the lectures, at least for the first chapter of Govt. I remember blasting through the MCQ's after listening to the lecture and thinking, “wow I would have no idea what these meant if I hadn't heard the lecture first.”

    #577813
    Mamabear
    Member

    I'm only suggesting it as a response to the fact that they are running out of time. If I had to choose, I would choose MCQ because it extremely important to go through questions on each topic, but I'm biased because I didn't watch lectures or read the book for government.

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

    #577814
    zieba
    Participant

    GOVT and NFP is huge! It's like going into REG and not knowing business law.

    If you are time crunched, even a little, skip the lectures. GVT/NFP isn't difficult. You can pick up a lot of points just by remembering a few key facts, definitions and categories.

    Reading through notes and doing MCQ is better than being buried in lengthy lectures.

    AUD - 75*, 88 done 5/14! (*exp)
    BEC - 74 , 77
    REG - 65 , 76 (10 point combooo!!)
    FAR - 69 , 75

    Dr: perseverance
    Dr: intelligence
    Dr: luck
    . Cr: . advisory score

    #577815
    Anonymous
    Inactive

    I would not skip this chapter. You could get heavily tested in this and end up

    Failing.

    Try to read it and do as many Qs on it so you can have a foundation on the topic.

    Don't skip

    #577816
    Anonymous
    Inactive

    Skimming Gov/NFP = 74

    #577817
    yhe1223
    Participant

    Thank you guys! I will roughly go through the chapter and start to working on MCQs.

    Step by step
    BEC 75 2013/11
    FAR 76 2014/10
    AUD 87 2015/1
    REG 83 2015/3

    #577818
    FARtogo2014
    Member

    @yhe1223–postpone your exam. My advise


    These are heavily tested topics.

    AUD 81
    REG 88
    BEC 77
    FAR 69 retake SCHEDULED TO TAKE IN Nov 2014

    #577819
    itsjustatest
    Member

    Whatever you do please make sure you do not take any advice from someone telling you to skip the sections.

    AUD - 83
    REG - 78
    FAR - 69,73,79
    BEC - 85

    #577820
    Anonymous
    Inactive

    If there is a section to skip, this isn't it.

    #577821
    Anonymous
    Inactive

    Do NOT, I repeat do NOT skip Governmental, NFP, or IFRS. You will fail if you skip any of those sections. I found the MCQs to go much faster for NFP and Gov than any of the other sections because there really arent many computations.

    #577822
    Anonymous
    Inactive

    My suggestion is to focus on the funds and their treatment, and not specific accounting problems. In this aspect, reading/studying will benefit you more.

    I believe you are much more likely to have problems like, “Which of the following funds uses modified accrual” than a long, drawn out accounting problem.

Viewing 13 replies - 1 through 13 (of 13 total)
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