[MintsRGood]

I’m going through my final 2 weeks of FAR review and I am having a horrible time with Stockholders’ Equity. I’m working my way through Module 15 in the Wiley text yet again and yet still feel like I’m reading in a foreign language. I’m OK with the basics like Common Stock, Preferred Stock, and Warrants. When I get to Treasury Stock things start to get bad and by the time I get to Stock Retirements, DEPS and ESOPs I feel slightly hysterical. I feel like nothing I read sticks and I go completely blank when I get to the MCQS. Ugh.

What is the best way to study this topic? MCQS? Journal Entries? Flash Cards? SIMS? Pinot Noir????

I’ve been in the game long enough that to know that avoiding your weakest topic is the best way to invoke that topic to appear in multitudes on exam day. I do not want to receive 75 questions on Stockholders’ Equity due to bad study karma!!!!

Any suggestions on how you have conquered Stockholders’ Equity would be greatly appreciated!

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Topsya]

Hey Mints!

I am taking FAR on 08/29 and I am reviews Wiley chapter 15 right now too!!!!! Share-Based Payments are the worst, that's for sure! I am just going through the Module 1 line at a time making sure I understand what's going on… making some notes…

Good luck! It's all doable so we should be all right!

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[Anonymous]

@Mints

Actually I think a nice red merlot at room temperature would be most appropriate in this situation:

What got me through that awful section in FAR was rewriting the journal entries over and over and over and ……. Once I had all that crap memorized it was then that I could understood.

Best wishes!

[NYCaccountant]

Hey Topsya,

What got me through share based payments was def. work lol. I lucked out in that I have experience building out

stock option award schedules using black scholes as the pricing model. So I'm familiar with recognizing the grant date value of the options as compensation expense over the vesting period. What was totally new to me was the Stock appreciation rights, which I had never heard of prior to two weeks ago.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[MintsRGood]

Thanks guys!

Stockholders' Equity is also terribly boring in addition to being challenging technically, which only compounds my problem! I will go the “journal entries until my hand falls off route” and hopefully after that things will click. I know that I don't have to get Stockholders' Equity perfect but I do have to get over this mental block on it. I suppose typing in “WTF are you asking?” is not an acceptable response on a SIM nor an MCQ choice from our pals at the AICPA!

@candothis Perhaps I will try Stockholders' Equity again tonight but instead enjoy merlot with my review in lieu of pinot noir! It's worth a shot, right? 😉

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Author]

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