What to write down right before FAR exam

  • Creator
    Topic
  • #3304514
    TinatakesCPA
    Participant

    Hi all! Sitting for FAR on Monday. Any suggestions of the top 5 or 10 things i should write down on my whiteboard/note paper after logging into the exam? Things I will really need to remember during exam?

Viewing 3 replies - 1 through 3 (of 3 total)
  • Author
    Replies
  • #3304517
    monikernc
    Participant

    Breathe!

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #3304520
    AM_SB
    Participant

    Hi Tina,

    Best wishes on your exam tomorrow, I want to help you out with your question but I am on the same boat (I am sitting for FAR next Monday) I hope someone replies with good things to note before the exam.

    Please let us know how the exam goes for you tomorrow.

    Best of luck

    #3304523
    CPAHOPE
    Participant

    Its me again lol..

    Presentation of financial statements: for instance, you need to know exactly where discontinued operations and other comprehensive income are listed in the i/s

    Bonds: know from buyers n sellers perspective, the journal entries

    Consolidation: know how to eliminate intercompany transactions , inventory and fixed assets

    Bank reconciliation: know how to reconcile from g/l to the bank balance

    Fixed assets: know how to depreciate straight line and double declining method

    Investment: know cost, equity, acquisition method

    Hedge: know different types of hedging

    Finally, look at your BLUEPRINT, it will tell you what you need to know to pass good luck!

Viewing 3 replies - 1 through 3 (of 3 total)
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