[gr8dane]

I’m taking FAR in a little less than two weeks and was wondering if anyone out there had their one or two topics in FAR that they cant grasp no matter how hard they try…for me its anything dealing with foreign transactions/translations.

BEC - 78
AUD - 91
REG - 80
FAR - Nov 26th 75 I'M DONE!!!

[stephw4763]

I was going to post the exact same thing. Unfortunately there was one or two multiple choice on the topic when I took the test 🙁 it's just something I never learned in school and I find it hard to understand.

B- 82
A- 84
R- 67, 72, 78
F- 83

[jeff]

On a scale of 1-10 (1 = Easy) … how hard do you find Dollar Value LIFO?

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

1 or 2 items, HA! I have FAR in t-minus 2 hours and I could give you a list. Things I doubt I'll ever be able to do without the book in front of me:

Foreign Currency

Dollar Value LIFO

Intercompany Inventory Transactions

Step Acquisition

…

[gr8dane]

I didnt think dollar value LIFO was too hard so I give that a 1 or 2. Another area that I think stinks is discounting notes receivable…hate it

BEC - 78
AUD - 91
REG - 80
FAR - Nov 26th 75 I'M DONE!!!

[Da Bears]

Intercompany trans can be difficult. Took a class that touched on it but I could see that being confusing if this is the first time learning it.

FAR- 8/14/12 91
AUD- 10/16/12 88
BEC- 11/07/12 92
REG- 01/05/13 86
NIU CPA Review

[stephw4763]

I give Dollar Value LIFO a 3 because you can kind of memorize how to do it without understanding it fully. With translation/remeasurement, I just had no idea.

B- 82
A- 84
R- 67, 72, 78
F- 83

[Young Shil]

I will give 1 to Dollar Value LIFO. I had difficulty in following Nonmonetary Exchanges and Compensatory Stock Options.

Class of 2012 - 13.

[SMUT_Co]

Pensions… I never figured them out in college and never figured them out for FAR

FAR: Done
REG: Done
AUD: Done
BEC: Done

[Anonymous]

Dollar value LIFO.. the questions might as well be written in Greek!

[Author]

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