[Anonymous]

Read through the Wiley chapter on Inventory last night and now I’m about 75% complete with the testbank questions on that topic:

Wiley starts off the chapter by listing 14 different Inventory valuation and Cost-Flow methods and then proceeds to teach you how to calculate each one. While working through the testbank I feel it is putting a heavy emphasis on many of these (especially the Dollar-Value Lifo), but not really hitting on the usual FIFO and LIFO very much.

When I studied with Becker (keep in mind this was over a year ago so this may be incorrect), I don’t really remember it putting much emphasis on anything except the weighted average, FIFO, LIFO and the lower of cost or market valuation.

Just curious how much emphasis everyone who is studying is putting on learning all these Valuation methods.

I have FIFO, LIFO, weighted average, and a couple other methods down pretty well, but do I really need to be stressing over learning something like the Relative sales value method.

Also note, I’m not asking what the examiners are testing from this section. I’m more or less, just wondering what other review course are putting emphasis on and whether everyone believes Wiley does a proper job preparing you for this section.

[CPA Exam]

They are probably hitting stuff like Dollar Value Lifo more because it is actually a difficult concept. Basic FIFO and LIFO are pretty easy to calculate which is why they probably aren't heavily covered.

It is kind of like how the Book will skim-over Straight-line deprecation but might actually concentrate a little more on sum of years digits.

Audit: 97
BEC: 92
REG: 89
FAR: (8/30/2013)

[CPA Exam]

They are probably hitting stuff like Dollar Value Lifo more because it is actually a difficult concept. Basic FIFO and LIFO are pretty easy to calculate which is why they probably aren't heavily covered.

It is kind of like how the Book will skim-over Straight-line deprecation but might actually concentrate a little more on sum of years digits.

Audit: 97
BEC: 92
REG: 89
FAR: (8/30/2013)

[Author]

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