[RandomAlt]

So how does everyone here study journal entries?

So far, I’ve been transcribing every journal entry I find into an excel file I created, to keep a database of Journal Entries. The problem is that this is VERY time consuming, and I feel like I’m devoting too much time to this, and it is greatly slowing down my overall progress.

Anyone have any tips about this?

For the record, I use CPAexcel.

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[Onmyway82]

I did the same thing for all the journal entries in each chapter of Becker. That was the only way that helped me.

FAR- 70, 68, 90
AUD- 72, 85
REG- 74, 83
BEC- 81
ETHICS- 90

CA CPA
CMA

[Onmyway82]

I did the same thing for all the journal entries in each chapter of Becker. That was the only way that helped me.

FAR- 70, 68, 90
AUD- 72, 85
REG- 74, 83
BEC- 81
ETHICS- 90

CA CPA
CMA

[mangos]

I actually find learning accounting concepts easier when you see the journal entries, that way you see where everything hits in the accounting equation.

So for every major concept/area I would just write out the entries so it'd make sense in my head, and it just kinda sticks when you know the concept and entry.

FAR (5/07/13): 96

[mangos]

I actually find learning accounting concepts easier when you see the journal entries, that way you see where everything hits in the accounting equation.

So for every major concept/area I would just write out the entries so it'd make sense in my head, and it just kinda sticks when you know the concept and entry.

FAR (5/07/13): 96

[RandomAlt]

Do you write out ALL of the JE's…

For example, I just finished the Notes Receivable & factoring chapters in CPAExcel…

In Notes receivable there was

1)With explicit interest – Separate Principal & Interest Payments

2)With explicit interest – Combined Principal & Interest Payments

3)Non-interest bearing

4)Exchanges for assets

In Factoring there was

1)Considered a Sale – With Recourse

2)Considered a Sale – Without recourse

3)Not considered a sale

I'm writing out every JE they throw at me, and I fall a little more behind my schedule with every section

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[RandomAlt]

Do you write out ALL of the JE's…

For example, I just finished the Notes Receivable & factoring chapters in CPAExcel…

In Notes receivable there was

1)With explicit interest – Separate Principal & Interest Payments

2)With explicit interest – Combined Principal & Interest Payments

3)Non-interest bearing

4)Exchanges for assets

In Factoring there was

1)Considered a Sale – With Recourse

2)Considered a Sale – Without recourse

3)Not considered a sale

I'm writing out every JE they throw at me, and I fall a little more behind my schedule with every section

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[OJFWEroiu]

Your spreadsheet shouldn't be more than a page (printed out). I reviewed adjusting entries from an Intermediate Accounting textbook, but I think if you review the specific JE's they show on the CPAexcel textbook, that should be enough.

Most of the JE's that will be on the exam you will know or be able to figure it out (like on sims). Doing the MCQs will help with this. The concepts you will understand enough to piece it together for the 1 or 2 exam questions and 1-3 sims that will have JE related material.

passed

[OJFWEroiu]

Your spreadsheet shouldn't be more than a page (printed out). I reviewed adjusting entries from an Intermediate Accounting textbook, but I think if you review the specific JE's they show on the CPAexcel textbook, that should be enough.

Most of the JE's that will be on the exam you will know or be able to figure it out (like on sims). Doing the MCQs will help with this. The concepts you will understand enough to piece it together for the 1 or 2 exam questions and 1-3 sims that will have JE related material.

passed

[Anonymous]

Whenever I worked problems, I tried to do the Journal entry to go along with it. I also used T accounts and that makes it easy to put the journal entry into place. Another thing I did was keep a notebook with all the journal entries that I came across by chapter and used it to review.

[Anonymous]

Whenever I worked problems, I tried to do the Journal entry to go along with it. I also used T accounts and that makes it easy to put the journal entry into place. Another thing I did was keep a notebook with all the journal entries that I came across by chapter and used it to review.

[smp73]

I also used T accounts to help with journal entries. I taught a financial accounting section and was an Intermediate TA in college and we used to say “when in doubt…T account” It does help. Good luck!

NYS CPA License # 113563
CIA: Done as of 2/15/14

Training for a half marathon post studying!

[smp73]

I also used T accounts to help with journal entries. I taught a financial accounting section and was an Intermediate TA in college and we used to say “when in doubt…T account” It does help. Good luck!

NYS CPA License # 113563
CIA: Done as of 2/15/14

Training for a half marathon post studying!

[smp73]

Oh my other suggestion if you are stuck on a journal entry is to start with the cash/ap/ar side of the JE. It will give you a good place to start and may help you “see” the rest of the JE.

NYS CPA License # 113563
CIA: Done as of 2/15/14

Training for a half marathon post studying!

[smp73]

Oh my other suggestion if you are stuck on a journal entry is to start with the cash/ap/ar side of the JE. It will give you a good place to start and may help you “see” the rest of the JE.

NYS CPA License # 113563
CIA: Done as of 2/15/14

Training for a half marathon post studying!

[memmy29]

I'm having a tough time with J/Es too. It's what got me on my last try at FAR. I'm trying to write them down for each section of notes I'm taking from Becker. I don't think memorizing them is possible, but I'm having a hard time wrapping my head around them in a testing situation.

AUD-84, REG-75, BEC-84, FAR-77

Licensed CPA

CIA Exam
Part 1 - Passed
Part 2 - Passed
Part 3 - Passed

[Author]

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