Yaegar FAR update confusion

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  • #165604
    Mikey89
    Member

    Hey Guys, I just had a real quick question. I bought the Yaegar buy one part now and get 3 later. So i got the 2011 version of FAR, and the update. But I am still confused on Mod 9A. Do we still have to memorize the Hierarchy of GAAPs four categories, or was it just completely replaced by ASC?

    Reg 4/18/12 78
    Far 7/30/12 74, 74, 75
    Bec 11/11/12 74, 78
    Aud TBD 51, 71, XX

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  • #321765
    Anonymous
    Inactive

    Hii Everyone, i just took FAR exam today, can anyone please tell when will be my result out and i am an International candidate.

    Thanks

    #321766
    Anonymous
    Inactive

    The GAAP hierarchy was replaced by the ASC, but I remember Cindy mentioning you should still know the origin of the Codification. I think she said to memorize Levels 1 and 2 and just have a familiarity with 3 and 4. If it even shows up on the exam, I would guess it would be in the form of 1 MCQ.

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