[Accountingbeans]

So is partnership accounting still a topic on FAR? I’m studying using Becker but have NINJA audio and one chapter on the audio is Partnership Accounting, but I don’t see anything about it in the Becker lectures? Is it a tested topic?

Newbie
BEC- August 31

[justa75pls]

@accountingbeans It's no longer a tested topic on FAR

[Ralphie Dos Nachos]

@justa75pls would you know where in the Ninja MCQ for FAR that partnership accounting would be so I know to skip those?

[mccarta7]

@justa75pls – where/how did you find this out? My review material has half a unit dedicated to partnership accounting, and when I look at the updates for the text there are no updates stating that this is not needed for the exam. I would like to confirm this because I spent a good few hours trying to get partnership accounting down just the other day :/

[CoachEmUp]

@ann It isn't on Wiley at all and I didn't see it on the AICPA Blueprints. Any others chime in?

[VDP]

It appears partnership accounting is tested in REG not FAR, according to the exam blueprints. It's included in Area V: Federal Taxation of Entities for 28%-38% of the REG exam.

I used ctrl+F to find any mention of partnerships in the exam blueprints (link below). The three results all came up in the REG section, mainly on pages 22-23.
https://www.aicpa.org/BecomeACPA/CPAExam/ExaminationContent/DownloadableDocuments/cpa-exam-blueprints-effective-20170401.pdf

[mccarta7]

Thanks for the help! I'm using Gleim and they must have just not posted an update about it. There was probably 3-4 subunits on it in my text and in the online outline. Maybe I'm missing something.
I didn't think I saw it in the blueprints either but wanted to be sure either way before I put more time into it or left it alone moving forward.

[BBHYX]

Btw, joint ventures (partnerships) is included on the do not study list Jeff provided for the ninja MCQ! For those that missed it:

Do Not Study Summary:
1E 1: Personal Financial Statements (11)
1E 3: Liquidation Basis Financial Statements (3)
2E 4: Joint Ventures (11)
2E 6: Investment Property (8)
2I 3: Debt with Conversion Features and Other Options (9)
2M 2: Deferred Compensation Arrangements (3)
3 Q: Related Parties and Related Party Transactions (9)

[cpApex Predator]

Thanks, I will skip the simulations on partnership accounting. Another change is that all deferred income taxes are now classified as non-current.

[Author]

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