[SavannahCPA]

Hey everybody,

I made a 74 in February on FAR and I’m certain the main area I missed potential points is Journal Entries. I felt really good coming out of the MCs, but the SIMS were tough and I’m sure that’s where I dropped the ball. I remember in particular that one question called for JE’s pertaining to ___________. That was a total shot in the dark for me. Anyway, I’m retaking it on April 23. I’m buckling down now that I’m finished with quarter-close at the large manufacturing company I work for. I’ve got the Ninja notes I’m re-writing before work and I’m hitting the MCs at night. Any suggestions are welcome, but I’m particularly interested in techniques for learning Journal Entries. Thanks in advance.

Randy

[Anonymous]

Randy,

I had to edit your post for exam disclosure.

One thing I did to learn them was I kept a separate notebook with nothing but journal entries. If I ran across one, I wrote it in that notebook and would review it periodically just like I reviewed formulas and notes. I also tried to write out the je's whenever I worked problems.

[jalban1324]

I found this compilation of common JE's and treated them like flashcards. I really feel this made the difference for me. I was weaker on SIMS my first time with FAR.

https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

A (05/23/12) 92
R (07/02/12) 77
F (08/29/12) 69 Retake 2/27/13 80
B (10/22/12) 79

[Randomness]

@jalban1324 … Thanks for that link. It looks useful, and I've added it to my bookmarks

FAR - Studying [4/1/2013 - ???] Test [??/??/????]
AUD - [Who Knows]
REG - [Don't Panic]
BEC - [Can't think that far ahead]

[CPAfocused]

@jalban1324 Thank you for the link!

AUD - 78
REG - July/August 2013
BEC- May 2013
FAR - October 2013

[Anonymous]

bnrhilton told me about this wonderful book called the Encyclopedia of Journal Entries. I bought it and I love it! I kept it at home while I was studying, but now it's on my desk! I can't recall any journal entry that I needed to know while I was studying that wasn't in there. It's kind of pricey, a little over $100, but obviously well worth the money!

https://www.aipb.org/continuing_education_files/continui_encyje.html

[Author]

Replies