[Eulu]

Hi All,

I started reviewing for FAR early this month and I am struggling on the problems with computations. I just cannot seem to understand how to work effectively and effeciently on those problems. To make this post short….am struggling in comprehending the formulas to get the correct answer…e.g. Cash Flow, Investments/bonds etc….grrhhhhh

Any advise on how the best way to tackle the MCQ with computations required? Is there any notes out there for different formulas involve in FAR?

Thanks a lot.

Eulu

[rlg5150]

Learn your journal entries and practice them on every question. It will save your life.

FAR - 85
AUD - 86
BEC - 84
REG - 88

[Anonymous]

@Eulu Keep doing those MC's questions until you puke, clean it up and do more. One of the key's to passing any section is to do non stop MC's. It also took me forever to get through some of the MC's. Are your writing out in detail how to solve the problems? If not, I would suggest you doing so. I have stacks and stacks of legal pads where I have written out the problems. There is just something about putting the pencil to paper that helps to reinforce the concepts.

Good luck!

[mmcgrad1]

Learn the concepts behind the questions first. For example, Cash Flows. Learn what the Cash Flow statement is composed of in each section.

Operating:

Net Income

+ Increases in Current Liabilities

+ Decreases in non cash Current Assets

– Increases in non cash Current Assets

– Decreases in Current Liabilities

+ Depreciation

+ Losses

– Gains

+/- All changes in Deferred Taxes

(Do not include changes in Short Term Notes in the operating section)

Know what goes in the section of the CF statement and you should be able to compute the problem easily.

NIU CPA Review Correspondence is awesome!

I passed all four sections on the first attempt

[mmcgrad1]

Learn the concepts behind the questions first. For example, Cash Flows. Learn what the Cash Flow statement is composed of in each section.

Operating:

Net Income

+ Increases in Current Liabilities

+ Decreases in non cash Current Assets

– Increases in non cash Current Assets

– Decreases in Current Liabilities

+ Depreciation

+ Losses

– Gains

+/- All changes in Deferred Taxes

(Do not include changes in Short Term Notes in the operating section)

Know what goes in the section of the CF statement and you should be able to compute the problem easily.

NIU CPA Review Correspondence is awesome!

I passed all four sections on the first attempt

[Anonymous]

Get the Ninja notes .. 🙂

[mmcgrad1]

Woah, what's with the double post? I never entered pressed post twice.

NIU CPA Review Correspondence is awesome!

I passed all four sections on the first attempt

[Author]

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