[nalratoss]

First of all, I just finished all my accounting courses a year ago and I did very well in all my accounting classes (except for business combination, yikes). But I just dislike research questions.

Can anyone provide any tips on how to tackle them?

The main issue is, I get the first step wrong, and it all goes downhill. For example, a paragraph asking me about fair value measurement of a nonfinancial asset takes into account the asset’s highest and best use after the asset is acquired from business combination.
Why does the first bullet starts with “fair value measurement” not “broad transaction”?

Okay I used search but I ended up looking into Fair value measurement-initial recognition, whereas the answer was “subsequent recognition” instead of “initial recognition”. Why isn’t it initial recognition?

And the AICPA online library—free access from NASBA, I can’t use the “search within” function. This stinks! Do you guys all use this free access from NASBA to practice?

[CPA788]

Yeah, the no-search function is annoying. I just use SIMs as practice. It seems to not make sense at first, like how you explained. Your brain doesn't immediately take you the path the answer showed. 1) Re AICPA codification online. Don't use it. Use your review software. Because 2) How would you know you're doing it right? Becker, NiNJA, I'm sure others have tons of practice SIMs. 3) That's what you need to do, is just practice. Your brain will get on board and start to know what to look for in the search results after you use the search key. People start to learn the structure of the codification, but for testing purposes, you just need to know how to read your results. Practice, practice, practice. It will come to you.

BEC - 74, 77
FAR - 72, 71 (retake 7/29)
REG - 69
AUD - Q4 '16

CA Candidate

[Author]

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