[mgoloubenko]

I was just reviewing governmental funds and decided to share a helpful way that my Becker instructor taught us, some people remember this by the GRSSP funds but I found this more helpful, before you fill up on gas you must remove “dgascap” – the gas cap.

DG(A)SC(A)P

FAR 4/9/12- PASSED
BEC 7/13/12- PASSED
AUD 8/16/12- Ughhh 71, Rematch: 90!!!
REG-12/6/12 PASSED

USC MAcc- Fight on!

They say good things come to those who wait, but only those things that are left by those who hustle.

[jenuno01]

That's what I thought. Thanks for clarifing Kricket!

Class of 2012

[Anonymous]

See I know my stuff I just get really freaked out on test day. Yesterday I did really good at keeping the anxiety in check. I'm actually hopeful this time but I don't want to get my hopes up too high.

[jenuno01]

@Dual, Kricket can confirm..but I think you only consider beginning amounts when are trying to figure out the SUb's Net income for the year.. then you would consider Beg RE add in Dividends and plug for Net Income… then you calculate you noncontrolling interest stuff…

Also the formula for NCI is: Beg NCI + Sub%Net Income – Sub%Dividend = End NCI

Maybe that's where you're getting confused? Just trying to help… this is some pretty important stuff.

Class of 2012

[Anonymous]

Yeah, I was wrong. I remember reading a calculation about beginning amounts in my Becker book. It turns out that they were emphasizing that you do debit the R/E at whatever the amount was at the ACQUISITION date. So all year end, R/E may be different from R/E at acquisition date so you have to work backwards to arrive at the acquisition date R/E if it's not given. Thank you. Better that I know this now than after I took the exam 😀

[Anonymous]

I love PUFER for comprehensive income. Plus, it ties so much together (Pension adj in funded status) – Becker Ch. 6, Unrealized gains and Loses on Available for Sale Sec – Chapter 3, Foreign Currency translations – Chapter 2, Effective portion cash flow hedges – Chapter 7 and IFRS Revaluation surplus. Whenever I see a question like “The effective portions of the cash flow hedge are reported in……” I think of this and it makes so much sense.

[HustlinHustlin]

Nobody relies on fart vaginas

…..now that I have made this awkward, that is mine for remembering the elements of reliance – neutrality and verifiability.

I'm sick, I know. But really, nobody should ever rely on them.

B 71 - 79 EXPIRED
A 69 - 75 EXPIRED
R 65 - 48 - 45
F 56 - 61 - 65 - 64

Becker, Wiley Test Bank, Wiley Text and Ninja Notes

"The fish who keeps on swimming is the first to chill upstream" -311

Experience - Done, like WAAAY done.
Still need 30 more credits, in basket weaving (gotta love new CA requirements)

[SDTrojan1904]

@HustlinHustlin Unfortunately, that mnemonic doesn't work anymore since SFAC No.8 replaced SFAC No.2 Check out the link for the update on that.

Fundamental Qualitative Characteristics: Relevance & Faithful Representation

Relevance – I will be RELEVANT when I Pass My CPA exam

Pass = Predictive Value

My = Materiality

CPA = Confirming Value

Faithful Representation – Financials are Not FAITHFULLY REPRESENTED unless Complete

Financials = Freedom from error

Not = Neutrality

Complete = Completeness

Enhancing Qualitative Characteristics: Comparability, Understandability, Timeliness, & Verifiability

It is ENHANCING to C U on TV

C = Comparability

U = Understandability

T = Timeliness

V = Verifiability

Created with Compare Ninja

[SDTrojan1904]

@mgoloubenko Thanks for starting up this thread! Just started studying for FAR so I'll be contributing as I progress.

Fight On!

USC B.S., c/o 2010

[mgoloubenko]

Yayyy fellow Trojan! Good luck! 🙂

FAR 4/9/12- PASSED
BEC 7/13/12- PASSED
AUD 8/16/12- Ughhh 71, Rematch: 90!!!
REG-12/6/12 PASSED

USC MAcc- Fight on!

They say good things come to those who wait, but only those things that are left by those who hustle.

[MChro12]

It is all about CAR IN BIG, PUFER, and GRaSPP SE PAPPI

Reg 77 (Aug 11)
Aud 80 (Nov 11)
BEC 79 (Jan 12)
FAR 80 (April 12)

[undeniabletwins2]

What do APIC mean???? I know it is a plug but what does it stand from.

AUD - 58, 62, 56, OCT 2015
BEC - August 22,2015
FAR - TBD
REG - TBD

BECKER LIVE CLASSES, BECKER TEXTBOOKS,FINAL REVIEW, FLASHCARDS/NINJA MCQS, NOTES AND AUDIO/WILEY FOCUS NOTES.

IF U TRY AND U DONT SUCEED, TRY AND TRY AGAIN...GIVING UP IS NOT AN OPTION.

[pacific1]

APIC – Additional Paid In Capital

[oneFREAKINGpoint]

To this day RTFQ has been the most helpful acronym I've learned…

[KasiaS]

One of my favorites is the “HAMBOCI” sandwich (think: Ham on boci bread) to remember the Control Environment.

H – Human Resources

A – Assignment of Authority

M – Management

B – Board of Directors

O – Organizational sctructure

C – Commitment to Competence

I – Integrity & Ethics.

Another one is CAR for segregation of duties: Custody, Authorization, Recording

(BTW: There is no such thing as Boci bread but it worked for me because there is an Italian restaurant called Bocci that I love, so I pretended it's their bread).

FAR 88 (07/15/11)
BEC 83 (08/31/11)
AUD 81 (10/15/11)
REG 83 (11/26/11)

Used NIU Correspondence CPA Review

[Anonymous]

Should have used Becker >.< But thank you for mentioning these mnemonics. I will figure out how to use them hopefully.

On an unrelated note. I was looking at old threads and Jeff suggested something so simple yet so elegant that when I told my friends, their jaws dropped at how stupid I was. Watching the Yaeger Home Study course at 1.33x speed is amazing. You just pay better attention when Phil speaks at a normal pace. and he does a much better job at 1.3 speed.

[Author]

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