[jeff]

REG Resources:

Free REG Notes & Audio – https://www.another71.com/cpa-exam-study-plan

REG 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

REG Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[Kenada]

No one else can comment on the feed back for the posted dated check question ?

FAR 05/27/14; 786/110 - Done !

[Skrier]

@IY after looking at the link you provided, I would say this is a time draft and not a post dated check. There would not be a date in the lower body of the check if it were a post dated check. Does this make sense?

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Skrier]

@IY after looking at the link you provided, I would say this is a time draft and not a post dated check. There would not be a date in the lower body of the check if it were a post dated check. Does this make sense?

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[smsingla]

But Why not D? The thing is that this question is there in both Wiley book and Wiley Test Bank. In book they have chosen D as instead of B in this question they have Failure to file a required tax return. But in Wiley test Bank, where I picked this question from, answer is B. So I am confused

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[smsingla]

But Why not D? The thing is that this question is there in both Wiley book and Wiley Test Bank. In book they have chosen D as instead of B in this question they have Failure to file a required tax return. But in Wiley test Bank, where I picked this question from, answer is B. So I am confused

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[Kenada]

Hiya = Skier, so how would I know it is a postdated check. What would be the tell tell signs ?

FAR 05/27/14; 786/110 - Done !

[Kenada]

Hiya = Skier, so how would I know it is a postdated check. What would be the tell tell signs ?

FAR 05/27/14; 786/110 - Done !

[Skrier]

I would say the date of the check would be a date in the future. Meaning the check “issue” date is some point in the future.

For the example you provided, the issue date is current date, but the date of payment (in the body of the instrument) is in the future, making it a time draft.

If there is a date listed in the body of the instrument that is a tell tale sign it is not a check.

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Skrier]

I would say the date of the check would be a date in the future. Meaning the check “issue” date is some point in the future.

For the example you provided, the issue date is current date, but the date of payment (in the body of the instrument) is in the future, making it a time draft.

If there is a date listed in the body of the instrument that is a tell tale sign it is not a check.

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Skrier]

Re-writing B-law notes…oh what fun… Hopefully this will stick in my head for tomorrow!!!

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Skrier]

Re-writing B-law notes…oh what fun… Hopefully this will stick in my head for tomorrow!!!

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Future_FLCPA]

I keep getting confused about the requirements for 1933 & 1933 acts. Anyone have any quick differentiations? What criteria is needed for a plaintiff to bring a suit and what are the accountant's defenses?

B - 80 (Aug 2012)
A - 89 (Jan 2013)
F - 77 (May 2013)
R - 83 (Nov 2013)

[Future_FLCPA]

I keep getting confused about the requirements for 1933 & 1933 acts. Anyone have any quick differentiations? What criteria is needed for a plaintiff to bring a suit and what are the accountant's defenses?

B - 80 (Aug 2012)
A - 89 (Jan 2013)
F - 77 (May 2013)
R - 83 (Nov 2013)

[UCMCPA]

In the 1933 they only have to LAM (loss occurred, acquire the stock, material misstatement existed). with the 1934 you add in LAM + some elements of fraud (scienter for instance)

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

In the 1933 they only have to LAM (loss occurred, acquire the stock, material misstatement existed). with the 1934 you add in LAM + some elements of fraud (scienter for instance)

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Author]

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