Revenue Recognition for FAR

  • Creator
    Topic
  • #1752111
    Anonymous
    Inactive

    So I am looking at the Blueprint and I don’t see anything about the percentage of completion method or completed contract.

    WileyCPAExcel has questions on both methods. Trying to make sure I am not missing something, are these two methods still tested in addition to the new recognition policies?

    I am hoping not since I am struggling with percentage of completion.

Viewing 6 replies - 1 through 6 (of 6 total)
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  • #1752122
    Anonymous
    Inactive

    Yes – Becker covers them too and make sure you study those two.

    #1753946
    Anonymous
    Inactive

    Thanks Big4Bean. Guess I better work on trying to understand percentage of completion better. It seems like it should be an easy concept, but I keep getting questions wrong!

    #1753955
    lurker
    Participant

    IIRC I had two to three questions on Revenue Recognition during my take in Q1

    #1753983
    PDiddy2000
    Participant

    That's funny. I re-watched the Wiley videos on this subject today for my test tomorrow. Since I watched it, there's a 95% chance it won't be on my exam. 🙂

    #1845701
    LeoLeo
    Participant

    Holy moly, how did you get 98 in FAR? Can you share your tips of studying?

    #1845944
    StudyNowCPA
    Participant

    I definitely suggest you learn those. I just took the REG exam and there were a few questions in that exam as well. Might as well learn it now.

Viewing 6 replies - 1 through 6 (of 6 total)
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