[Anonymous]

Can someone please suggest me ways to remember between the differences between US GAAP and IFRS. I mostly mix up the differences and select wrong answers.

Also, how important is it to go through the Appendix part of FAR Becker books?

[SoFlaAuditor]

I used the comparison that goes chapter by chapter in F10. The way that I remembered them, mostly, was by thinking that IFRS actually made more sense. I thought basically every difference made more sense the IFRS way, so any time there was a difference, I just selected my answer based on that thought process. Now, if you don't think that way… then this probably helps none. lol.. sorry.

REG - 83
BEC - 81
AUD - 73, 92
FAR - 90

Done!

[zieba]

Yes, purchase NINJA audio and NINJA notes. Play NINJA audio in your car, especially the chapter highlighting differences between GAAP and IFRS – and voila! – 1-2 weeks later you're reciting the most important differences from memory.

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

[Anonymous]

The Ninja notes just list like 9 differences between GAAP and IFRS. The wiley book has a 3 page chart that list way more than 9 differences. I been studying that chart just to be on the safe side. Unless the exam only really ask about those 9 differences, in which case I may be wasting my time studying the chart in the book.

[Kimboroni]

Yeah, I don't know that there's any trick to it other than putting in the time and rote memorization. I used Ninja Audio for FAR also and found that chapter really helpful.

AUD 84 (1/9/14-Wiley books/TB + free materials)
FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

[zieba]

The NINJA stuff, in addition to listing them, gives guidelines on how X is different than Y. This has worked well for me on the exam. The NINJA Audio chapter on FAR is helpful in that regard. Once you know “how” they are different, you know how they'll be different without memorizing a page of minutia points.

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

[Author]

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