Not clicking (FAR)

  • Creator
    Topic
  • #200037
    DZagt
    Participant

    So it looks like governmental reporting (not accounting) is my kryptonite. Everything else I more or less comprehend. Its not necessarily the concepts of government, its like Im never sure what fund gets reported in what way.

    Whats sucks is that this topic is like 20% of the exam, lol. Ive watched the Becker video, read the gleim book section on it (ridiculous) and now Im reading the ninja book, and its still not clicking. Can’t say I didn’t try, lol.

    What would you do in my situation?

Viewing 6 replies - 1 through 6 (of 6 total)
  • Author
    Replies
  • #757842
    MaLoTu
    Participant

    Focus on the fund types and the presentation of the statements, like what is on them. Becker prepares you very well for this portion of the exam.

    #757843
    tacctfin11
    Participant

    NINJA MCQ hammer it out

    FAR- 76 01/08/2016 exp 08/04/2017
    AUD- 82 04/14/2016
    BEC- May 28th

    baby

    REG- TBD

    #757844
    golfball7773
    Participant

    hammer the mcqs until you want to stab your eyes out with a number 2 lead pencil

    FAR: 63, 55, 62
    REG: 65, 77*
    AUD: Fail, 64, 71
    BEC: 72, 74, 81

    *expired

    #757845

    Get a copy of the most recent CAFR for a jurisdiction with which you're familiar. That's been a huge help for me. The MD&A and letter of transmittal have to be written on a level that even a politican can understand, so the explanations – at least with the one I'm using – are very succinct.

    Give it a shot, but BEFORE you stab your eyes out.

    BEC: Fall 2016
    AUD: Spring 2016
    REG: Summer 2016
    FAR: RETAKE

    #757846
    monikernc
    Participant

    “Written on a level even a politician can understand” – that's a GASB requirement, isn't it? I bet you see that on your exam!
    Frenchmen, you're funny!

    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

    #757847

    Ha! I speak from experience. Our top elected official once took my boss to task because it was taking us more than six months (this was about five years ago) to set up the infrastructure to accept credit cards at our intake counters (annual cash inflows approximately $20M.)

    Direct quote, in open session: “I don't understand this. Why can't we just put those little swipe machines at all the stations? They have it at the deli* downstairs.”

    *Operated by Jimmy the Pizza Guy who was renting the space in the building.

    BEC: Fall 2016
    AUD: Spring 2016
    REG: Summer 2016
    FAR: RETAKE

Viewing 6 replies - 1 through 6 (of 6 total)
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