just started..quick question about cash basis…

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  • September 25, 2011 at 2:35 am #161876
    Nbkna2c
    Participant

    Does FAR test on cash basis accounting or just accrual since focus is GAAP? I know this is real basic but I am not in the accounting field currently and a lot of this is new to me. Thanks all and good luck!!!

    BEC 78
    REG 84
    AUD 76
    FAR 83

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  • September 25, 2011 at 5:35 am #300309
    Snausages
    Member

    yes, they may test questions around converting from one form of accounting to another. i have seen some. you are right, it's not difficult, but don't get confused in the heat of the moment. you'll be fine.

    September 26, 2011 at 8:00 am #300310
    Nbkna2c
    Participant

    Thanks Snausages!! I've been taking one exam at a time. I just barely passed AUD and I want to get this done this year….take care and good luck to you!

    BEC 78
    REG 84
    AUD 76
    FAR 83

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