Inventory

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    Topic
  • #189058
    MattCPA18
    Member

    I’m taking FAR next week so I’m in the review stages right now….(FYI I’m using Becker) I just realized that the section on inventory is a bit of a week area for me. Specifically the different methods that are in the F4 appendix such as the retail method. Is something i should concern myself with?

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  • #611145
    Mary 2496
    Member

    That's a tough one. I'd say no after taking FAR once (didn't pass), but a good friend of mine who took FAR (passed with an 81) would say that yes, inventory is a big deal. Luck of the draw (or not), on that one. Sorry.

    #611146
    mla1169
    Participant

    Anything that is covered in the materials is something you could concern yourself with, but look at the COSO weighting of topics.

    I can tell you I had an entire SIM on one exam that was mentioned in one sentence in the APPENDIX to wiley. Threw me for a loop!

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #611147
    Tootsie
    Member

    @MattCPA18, I have had maybe 1 multiple choice question from the F4 Appendix and I have taken FAR 4 times now. I am focusing on FIFO, LIFO, etc. and very little on the appendix. I feel that it's best to focus on the major topics. There is just too much material to learn.

    FAR - 76
    AUD - 88!!! DONE!!!!!!!!
    BEC - 76
    REG - 77

    never, never, never give up

    #611148
    Mary 2496
    Member

    The same thing just happened to me in auditing. I took it twice (71, 72) and never saw anything on a topic. Took it again the other day and had a huge amount from the topic I didn't see on the others. Threw me for a loop, too. It was very surprising!

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