[Anonymous]

Hello all!

Hurricane Sandy is coming in which is giving me a great reason to take my Sunday and spend it studying. This week I decided to take my chances and really get to know the business combinations and consolidations sections. That and the questions that I have studied this week made it for a trying study session. My study plan was to go through my ROGER CPA book and study the highlights that were talked about in the lecture. From there I was able write down the important things. Acquisition method, fair value measurement, that type of stuff.

Then I went through the FAR ninja notes, and practiced a couple of the goodwill equation problems. FV X % owned = PAR, Purchase price – PAR = Goodwill. Then I would begin my Wiley CPA test bank and do them in intervals of 15 or 20. It keeps me at a half hour to 45 minute pace. It is always discouraging when we are working the problems and getting them wrong, but the important thing is to remember the theory of it as opposed to the numbers. Why is it this? Why is it goodwill and not a gain on the income statement? These are all questions that I am trying to answer so I can move onto my next section, governmental!

[rmm91909]

Hi Adam! I think that is a great plan and seems like you know what you are doing. I am taking Rogers course as well and have been supplementing it all with the NINJA products which I really think helps the information sink in. Jeff has a good speaking voice and isn't boring so if you don't have the NINJA audio yet I would recommend it. He seems to use Wiley so it compliments Roger's course well where Roger uses the Wiley book for homework as well. Just a suggestion 🙂

[rmm91909]

PS. Roger has some funny mnemonics for governmental that will really help you memorize the different types of funds! I will never forget them now.

[Author]

Replies