[accountingisfun]

I’m struggling mightily with studying for FAR right now – averaging 50’s on the homework problems (overall) and just not retaining the information like I was able to on other parts of the exam…

I think part of the issue is because I’m just not familiar with a lot of these journal entries (never touched them in my line of accounting).

Does anyone have a spreadsheet or resource they would recommend / could provide that would show me the main journal entries for FAR?

Thanks,

[FIFOisbetterthanLIFO]

Understanding journal entries shouldn't really be a memorization type thing. If you understand the transaction that is taking place, you should be able to determine what journal entry needs to take place. Read the questions for understanding!

FAR - Passed (82)
BEC - Passed (76)
AUD - Passed (89)
REG - Passed! (81)
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Licensed CPA

[monikernc]

This gets posted about once a week for far and audit and they are helpful:
from Mjganier:
These links are a great list of Journal Entries. May not be every single one but, they cover most of those encountered.

https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

https://sites.google.com/site/farnotes/gas-34/journal-entries–fund-based-vs-government-wide

FAR 7/25/15 76!
AUD 10/30/15 93
BEC 2/27/16 82
REG 5/23/16 88!
Ninja Book and MCQ and the forum - all the way!!!
and a little thing i like to call, time and effort!
if you want things to change, you have to do something different

[accountingisfun]

Thanks!

@FIFOisbetterthanLIFO – You're 100% correct that memorizing the journal entries isn't as important as understanding the “why” behind them – but for some reason I'm having issues visualizing what the entries should be, and I feel as if the Becker book doesn't necessarily show all of the relevant J/E (at least not with the various tweaks, etc. that appear in the multiple choice)…

I've calmed down a little since my initial freakout… But still a lot of work to do, good luck to all!

[Son]

This might be a bit basic for someone who studied JEs in school, but I found the following two mnemonics very helpful:

https://www.accountingcoach.com/debits-and-credits/explanation

Types of accounts increased with a debit (DEAL):

Dividends (Draws)
Expenses
Assets
Losses

Types of accounts increased with a credit (GIRLS):

Gains
Income
Revenues
Liabilities
Stockholders' (Owner's) Equity

AUD - passed
REG - passed
BEC - passed
FAR - passed

[Author]

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