[snow067]

I’ve been through 3 exams now using Becker. With the exception of A-4 (which was freaking brutal), I have never really had a hard time understanding the concepts and applying them to the MCs. But I officially feel defeated by F-5 right now. I’m not even done with all the questions but I got 50’s on the Leases part and I’m getting 50’s on the Bonds Payable part. Did anyone else feel this way? I feel like I didn’t learn anything from the videos. My head is about to EXPLODE!!!!

REG - 80 (5/30/2012)
BEC - 92 (10/20/2012)
AUD - 90 (2/4/2013)
FAR - 80!!(5/30/2013)

And I am outta here!

[memmy29]

@Tina- Which amortization tables do you do in excel? Page number in Becker I can refer to? Sounds like good advice and I'd love to try. Thanks.

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

Licensed CPA

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

[Tina82]

@memmy

I basically replicate the amortization tables for leases + bonds. For bonds it's page 42 and 43 (premium + discount). Once you know how the entire amortization table work it's much easier to solve those problems where they ask you CV of bond, expense, payable etc.

BTW – I don't use their terminology though (I mean you have to know it but I try to use simpler descriptions). For me I just say for ex:

Bond CV

Bond CV x effective rate = expense

Bond FV x stated rate = payable

Diff between expense and payable = amortization of premium or discount (doesn't really matter which it is unless you have a SIM where is asks reduction or increase to CV of bond and you have to use negative numbers)

Discount = add

Premium = subtract

As long as you remember that you're always moving toward the face value of the bonds.

Face Value + unamortized premium = CV – amortized premium = CV at any point in time

Face Value – unamortized discount = CV + amortized discount = CV at any point in time

I wasn't really connecting the dots at first. Hopefully I got all this right!!

BTW I can email you samples of the excel file. Let me know.

R - 74;88
A - 84
B - 74;89
F - no study = 67; May 15 = 87 & done

[Tina82]

I would try to put them together myself though (regarding me emailing it to you). I think actually working through it is much more valuable.

R - 74;88
A - 84
B - 74;89
F - no study = 67; May 15 = 87 & done

[memmy29]

Great! Thanks for the breakdown. I'll try it out.

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

Licensed CPA

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

[Tina82]

I just tried to copy in a sample but it didn't work. Just set it up exactly the same way Becker does and use their numbers so you can double check your work except make all the calculations yourself.

And no problem if you want me to email you the excel.

R - 74;88
A - 84
B - 74;89
F - no study = 67; May 15 = 87 & done

[Author]

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