@Path to CPA, Lady in Red, to_be_a_CPA, bjo………………up to page 34 of FAR ninja notes and already discouraged and have no clue how im going to get through this info, and master it before 11/30… let the stress begin
@proach33 – You just finished F10!!! You take the exam 1 day after me, and I still have 2.5 chapters to go. I take it Oct 5th. I think you should be fine! Just don't waste any time.. do as many practice tests as possible!!!!! And always review the book and look over highlighted parts.. I am planning on Finishing F10 by Monday at the latest.. Then from Tuesday to Friday I will be re-doing All F1-F10 MCQ's as I am doing the HW the first time. On Saturday I will be doing ALL the SIM's from Becker (since I have yet to do them), and then look at all the Journal Entries in the book once more. Then from Sunday to Tuesday (only 3 days) I will be doing AS MANY practice tests as possible.. and that would most likely cover all MCQ's again. I remember for REG I did all tax (651) in 5.5 hours as a practice exam.. So I should be fine. Since this would mean it will be my third time doing them. If more time needed I plan to use Wednesday as well do do more practice exams, otherwise I will be reviewing all flashcards (which I usually do 1-2 days before the exam), and then take Final Exam 1, and and review that, and see why I missed certain questions. The day before I will be doing Final Exam #2 and review. If I am crunched on time, I will probably do Final Exam 1 & 2 the same day with a small break review in the middle the day before the exam. If I have more time on any of those two days I will be doing as many practice exams as possible! This is probably the BEST way to not forget anything and keep your mind engaged in remembering those details. Good luck to you proach!! With the amount of review time you have, I have no doubt in my mind you should pass.
@DatFutureCPA – That is a GREAT idea!! You will pass with flying colors.. I mean 3 weeks of review full time 300 MCQ… WOW! I wish I had as much review time as you.. I am jealous I will only have 10 days!!!! I am going to haul @ss though. Good luck to you as well 🙂
Hi All, So i'm supposed to take FAR Nov 18th (1 week before i'm getting married) and for some reason with this last section to go… I'm just having such a hard time getting back into Study mode… you know that perfect time few weeks of studying when you can sit for like 3-4 hours straight and crank out a bunch of lectures or 60-72 mcq's… that “Zone” or the J”everyday study a little or study a lot, but study every day” routine… I just want to be done, and Im just getting started but can't seem to focus for longer than 30mins because “I need a break” or “i deserve this, i got 3/4 parts!” … ugh… I don't want to study after I get married! Someone help me kick my ass into gear! Do I have enough time to even sit for Nov 18? SHould I push back to after the wedding/honey moon? P.S. all you guys have totally helped carried me through thus far as well so thank you and good luck to all.
I'm in. Currently using CPAExcel. Plan to be done with my initial review of material by 10/1. Then it's MCQs and SIMS until I'm scoring 80 to 90% on practice exams. Probably take the exam around Thanksgiving.
I am a bit confused and need some clarification help. In the Becker review material in F-4 it states the Fixed Assets are shown separately on the Balance Sheet at original cost (historical costs). It also states on the same page that Fixed Assets are non-monetary assets which is not fixed in dollars but rather fluctuates with changes in the price level.
I ran across a question that asked me to calculate the depreciation for an asset and it used the cash equivalent price instead of the original cost.
Why does the material also say “show separately on the Balance sheet at Historical costs”?
I hope everyone is using their time this weekend to the fullest. You can do it! I did about 4 hours of study yesterday. Hope to get in another 4 hours today.
FAR is the luck of the draw. I thought I had mastered everything and had studied with a friend on every topic for FAR. We took the week out of work before exam day, reviewed like mofo's, and he received a 75 and I received a 73. I thought that I had studied way more and prepared way more than he did, but he came out on top. Rematch Oct 3rd…Problem is, I don't know where I went wrong on the exam, lol. I've been reviewing since then and getting 80s and 90s on everything in each topic. We'll see what happens this time!
how is everyone doing so far with FAR? im still pretty clueless, trying to go through these exammatrix questions (which i get mostly wrong) and then read the answers and literature provided on the topic..but im very overwhelmed..
im going to do what i said and start the yeager videos in addition to exammatix but im going away in a few days (perfect timing i know) so i will start that when i return. i really hope that makes a difference for me.
I am in the same position. I am only on F-2 (using becker 2011) and i got some many questions wrong i stopped and started rereading the chapter and hoping that will help. This is way to much information to absorb!!!
@tobecpa- I'm having a really tough time. I feel like I don't know anything. Basically taking educated guesses at every question. That's why I think I have no choice but to start Yeager lecture videos. Just doing questions and reading answers is not going to cut it for me on this one. Problem is I don't know if I have enough time to continue what I'm doing and also add in all the lectures. Especially since I'm going away on Thursday and won't be back till October 5th. I'm getting a little nervous.
@futuremdcpa Sorry for the late reply but that is actually what I plan on doing. I start my job oct 1 so i am treating this week as my final big study week. I plan to get thru all the mc and sims for all 10 chapters. The difference from our study plans is that I look at the flash cards b4 i start reviewing the section for homework. For example: i look at f1 flashcards then do f1 mc and sims then move on to f2. Its all about the number of mc you do in the end though.
Audit - June 2012: 80
Reg - August 2012- 82
Far- October 6 2012 - 71. Retake Jan 2013 - 76
Bec- December 7 2012: 78
Ok this goes out to anyone who has taken this before or who has heard but I know JE will be emphasized more than likely on a sim. What are the JE to focus on. I feel like half my beckerbook shows the je but then there is no questions on it. I just want to make sure that I am studying the appropriate JE. Thanks guys.
Audit - June 2012: 80
Reg - August 2012- 82
Far- October 6 2012 - 71. Retake Jan 2013 - 76
Bec- December 7 2012: 78
Bee Co. uses the direct write-off method to account for uncollectible accounts receivable. During an accounting period, Bee’s cash collections from customers equal sales adjusted for the addition or deduction of the following amounts:
Accounts Written-Off = (addition or deduction)
Increase in Accounts Receivable Balance = (addition or deduction)
The correct answer is Deduction and Deduction. How is this a deduction for the direct accounts written off? Isn't that a balance sheet only and no income statement impact?
Oops to my previous post. I am mistaken. I was thinking of the write-off of a specific account receivable and not the direct write off method. So the direct write off would be
DR Bad debt expense XXX
CR Accounts receivable XXX
I am not sure I understand this either. How does this bring me back to cash collections?
Anyone else feeling a little discouraged? I'm using Becker, Ninja Audio, and Ninja Notes, but it still seems like the content is getting the best of me..
REG: 64, 76 - PASSED August 2012
AUD: 68, 71, 82 - PASSED May 2013
BEC: 76 - PASSED August 2013
FAR: 65, 61, 73, 72
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