[74phoenix]

Hi all,

What’s your advice regarding journal entries in FAR? I am reading Becker chapters and doing HW, and have a decent idea of what journal entries look like for stuff…but how rigorous should I be learning these? Should I focus way more of my efforts on journal entries?? I study 25 hours a week .. any tips? Those who failed FAR – was it bc you didn’t know journal entries well?

Graduated 05/2016.
NY CPA Candidate.
Public accounting.
FAR COMING UP 07/07/2016 !! GOD HELP ME.

[Sang]

My advice is:
In your review course, find some SIMS that require you to plug in Journal Entries, and practice doing them.

Some topics are covered more than others.

This thread talks about important topics to focus on.
https://www.another71.com/cpa-exam-forum/topic/you-know-youll-pass-far-if-you

FAR: (05/24/16) | (07/15/16) | (10/22/16)
AUD: (09/07/16) | (11/29/16) |
BEC: TBD
REG: TBD
Using Roger CPA Review + Ninja (MCQs, Notes, Audio)

[FIFOisbetterthanLIFO]

If you understand how JEs work and are comfortable making them on a regular basis in the real world then I wouldn't spend a whole lot of time worrying about them. If you have only been an auditor or tax person, then I would study them. They are not always super simple in the exam format, however, they are crucial to passing this exam.

FAR - Passed (82)
BEC - Passed (76)
AUD - Passed (89)
REG - Passed! (81)
AICPA Ethics

Licensed CPA

[KJ]

Yes J/E are important, not only for GAAP but also for Govt. I got handful of them on my FAR exam.

FAR - August 2016
AUD - September 2016
REG - October 2016
BEC - November 2016

Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

[Excel14]

@kanwal78,

Not to hijack this thread, but I saw where you stated that your exam was 60/40, in terms of computational MCQ questions. Were the computational questions very complex?

BEC (2/28/16) ----- 78
FAR (09/10/16)-----
AUD
REG

CIA, CGAP, CFE

[KJ]

@ Excel14, I would say they were 50-50 in complexity.

FAR - August 2016
AUD - September 2016
REG - October 2016
BEC - November 2016

Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

[Anonymous]

It's not just journal entries in general that you need to know but journal entries for certain types of transactions and the timing of the entries. For example, when bonds are issued, there are multiple entries to be made. Do you know what those entries are and when they are recorded? Same for stock transactions and pensions, leases, etc. Government/NFP journal entries are important to know, as well. You won't just need these for Sims. They will come in very handy on MCQs.

[Author]

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