Black Friday Ten Point Combo BOGO Sale

    black-friday

    The annual BOGO Sale is back! (and starts now)

    Buy One Ten Point Combo…

    …Get One Free (BOGO)

    There are coupons special to this sale.

    When entered, you will notice that they only discount the price by $1.00.

    These are used to track you as a BOGO customer and not necessarily intended to give an added discount.

    To get the FAR Combo Free – Coupon Code: BOGOFAR
    To get the AUD Combo Free – Coupon Code: BOGOAUD
    To get the REG Combo Free – Coupon Code: BOGOREG
    To get the BEC Combo Free – Coupon Code: BOGOBEC

    Buy One Ten Point Combo and use the appropriate code for your BOGO.

    (Please don’t add your “free” section to the cart – you need to email jeff@another71.com for that when you’re ready to study and your MCQ clock to begin)

    Link to Purchase:

    https://www.another71.com/products-page/ten-point-combo/

    FAQ:

    Q: Will I still get free 2015 updates for each Combo?

    A: Yes – BOGO purchases come with free updates until you pass (aside from NINJA MCQ, which has a 3 month clock – but can be renewed for $39.95 for an extra 3 mo if you need it…this is why you should wait to email for your BOGO until you need it).

    Q: Some of the Combos come with the NINJA Book right now and some don’t – what about that?

    A: The AUD and REG books will be out by the end of the year and if your BOGO combo (let’s say that you get FAR as your purchase and AUD as your BOGO — FAR has a book right now and AUD doesn’t) doesn’t have the book yet, you can get the book free when it comes out.

    Q: AHHH! I just bought a Ten Point Combo! What about me?

    A: No worries – If you purchased a Ten Point Combo in the past 30 days (October 24 to Present), then simply email me. I have a way to make it fair for people who purchased in the past 30 days.

    A lot of promos you’ll see can’t be retroactively applied, but I didn’t want to do that and I felt like 30 days was fair.

    Q: I already have the Notes and Audio for (exam section) – can I upgrade to the combo and get this BOGO deal?

    A: No – this promo is an all or nothing deal. Since one of the Combos will be free, hopefully this makes up for any redundancy in products (i.e. you have the notes and audio for BEC already and get BEC as one of your combos, which already contain the Notes/Audio).

    Q: How does the Complete Combo work for the BOGO

    A: Actually, the Complete Combo is already a BOGO and then-some. If you add all of the Combos up, it’s over $1,400.

    The Complete Combo is $597. So – if you want the Complete Combo – it’s already BOGO’d.

    Q: How long does this last?

    A: At least through Black Friday

    Q: Ok, can you recap this for me?

    A: Basically – if you buy a Ten Point Combo, you will get another one free that comes with all of the benefits of buying it.

    So…you buy the FAR Combo and want the BEC as your BOGO, you would buy FAR and use the coupon code BOGOBEC … you email me when you need, say, BEC – and I’ll send it to you – including NINJA MCQ which will start your 3 month BEC clock.

    Or…you buy the REG Combo (no book yet) want FAR as your BOGO. You buy REG and check out with coupon code BOGOFAR and email me when you need the FAR Combo in January or whenever. When the REG book comes out (late December) – email me and you’ll get the REG book free too.

    Link to Purchase:

    https://www.another71.com/products-page/ten-point-combo/

    November 24, 2014 Promos

    [Video + MP3] Unmodified (Audit Reports)

    MP3 Download (Right-click and Save): Unmodified

    CHORUS:
    Unmodified, no longer unqualified
    These standards are clarified
    Financial Statements verified
    Yea, unmodifed, I gotta say welcome to the other side

    VERSE 1:
    Audit Reports must be in writing, must be signed and
    The location, city and state, where to find ‘em
    And the Unmodified Opinion
    The title must include “Independent”

    Who, what and when, management’s responsibility
    Fair presentation of financials, you feeling me?
    Internal control, design and maintenance
    Don’t forget the implementation

    Auditor’s Responsibility, GAAS
    Audit in accordance in the US
    Plan and perform the audit
    Obtain reasonable assurance, you better be on it

    Performing procedures to obtain evidence
    About amounts and disclosures, now you gettin’ it
    The info is appropriately presented
    But the auditor wants to bring something to attention

    VERSE 2:
    The modified opinion, the financial statements
    Is when they are materially misstated
    Unable to obtain sufficient appropriate evidence
    Just listen, yea here’s the mission

    Title, introduction, you see
    Management and Auditor’s responsibility
    Basis for modified opinion, audit opinion
    Modified opinion, we winnin’

    Referencing component auditor
    If group engagement partner assumes responsibility for their work
    Additional audit procedures, let’s do it, yes
    And performing risk assessments

    If group engagement partner doesn’t assume responsibility
    Gotta reference the auditor’s work, see
    Requirements for referencing that
    It’s gotta be in accordance with PCAOB

    Need more NINJA Rap Videos? (of course you do).

    CPA Review

    November 13, 2014 CPA Exam Raps

    Now Available – NINJA Book: FAR & BEC

    FAR Book

    NINJA Book for BEC and FAR are here. HIYA!

    Comprehensive and Complete without added Filler

    Easy to Read, Understand, and Remember the Concepts

    No Lecture Videos Needed

    Special: NINJA Notes Included

    Link: https://www.another71.com/products-page/ninja-book

    November 11, 2014 NINJA Book

    [Video + MP3] Economic Cycles (Supply vs Demand)

    MP3 Download (Right-click and Save): Economic Cycles

    CHORUS:
    It’s the E-C-O to the N – O – M – I- C -S
    Better do good on your test
    Supply & Demand, that’s the plan
    Economic cycles all across the land

    VERSE 1:
    Yo, let’s talk about supply curve
    When an item price increases, supply does for sure
    Positive Supply Curve Shift, shift right
    The market’s flooded with companies sellin’ all night

    Shift left for a negative supply curve shift
    Cost of producing an item increases
    If gold goes up, less gold watches are made, see
    Lower equilibrium GDP

    On the demand curve, when the price goes up
    Demand goes down, they don’t want that stuff
    If demand changes due to somethin’ other than price
    A demand shift occurs, ain’t that nice? Yea

    VERSE 2:
    Equilibrium price
    Quantity supplied = quantity demanded, yea that’s right
    Optimal production
    Marginal revenue = marginal cost, am I gettin’ through?

    When we’re talkin’ ‘bout the GDP
    Remember, that’s goods & services produced domestically
    Even a foreign company with a U.S. factory
    But a U.S. company abroad, that don’t get added on

    The consumer price index
    Gives prices relative to an earlier time, like when you chewed on Chicklets
    The GDP deflator
    Converts GDP to Real GDP, gettin’ that green, yea

    VERSE 3:
    The discount rate is the rate the bank gets
    When they borrow money from the Fed
    The prime rate, well that’s the rate that you’re gonna get
    If you’re a customer and they love you the best

    If the real interest rate is what you wanted
    Remember that’s inflation-adjusted
    The risk-free rate
    Takes into account certainty of payback on a certain date

    Currency, coins, and deposits, M1
    Highly liquid assets be M2, we havin’ fun
    A tariff is the imported goods tax
    The quota is the limit that they got you at, yea

    Need more NINJA Rap Videos? (of course you do).

    CPA Review

    November 06, 2014 CPA Exam Raps

    Join Now: LinkedIn Tips for Accountants (Webinar)

    linkedin-badge-64x64

    What are key tips and tricks for LinkedIn?

    What rookie mistakes do job seekers make?

    How can your LinkedIn profile stand out? (hint: change your profile pic)

    How can accountants get an edge over their CPA peers on LinkedIn?

    Join Now: How CPAs Get Hired on LinkedIn

    November 05, 2014 LinkedIn for Accountants

    [Video + MP3] IFRS: King on this Street (IFRS vs GAAP)

    MP3 Download (Right-click and Save): IFRS: King on this Street

    CHORUS:
    Get out your 10-key, Excel Spreadsheet
    Ninja CPA, we gonna beat
    Any exam, we achieve that feat
    IFRS be the king on this street

    VERSE 1:
    International Account Standards Board issues IFRS
    They do that and more
    The most authoritative place you can see
    That management looks for guidance accounting policies
    IASB Framework
    Yea, it helps to develop standards that work
    But it’s not a standard itself, no it ain’t
    Can’t supersede any standard’s authority
    Verifiability
    Different people would reach the same conclusion, are you feelin’ me?
    Understandability
    Easy to use and understand, that’s the plan, let’s keep goin’ and
    Timeliness, uh
    I need that info on time so I can decide how to do things right
    IFRS don’t allow Extraordinary Items
    IFRS don’t allow LIFO, it don’t like ‘em

    CHORUS:
    Get out your 10-key, Excel Spreadsheet
    Ninja CPA, we gonna beat
    Any exam, we achieve that feat
    IFRS be the king on this street

    VERSE 2:
    Current Assets & Liabilities
    GAAP only requires intent, not execution
    Contingent liability
    Uncertain future events, those are contingencies
    IFRS, if “probable” and “measurable”
    Classified as a provision, please listen
    When it comes to timing or amount
    Payment is uncertain, and that’s for certain
    GAAP – probable, reasonably possible, or remote
    Yea, now you know
    Bonds can be recorded using one or two methods
    Fair Value through profit or loss, or amortized cost
    Deferred taxes
    Uses the liability method to do the taxing
    Only “probable” deferred tax assets get reported
    All others, yea it’s best to ignore ‘em

    CHORUS:
    Get out your 10-key, Excel Spreadsheet
    Ninja CPA, we gonna beat
    Any exam, we achieve that feat
    IFRS be the king on this street

    VERSE 3:
    The income statement
    Income, finance costs, profit/loss
    Discontinued ops and tax expense
    Non-controlling interest is what you get
    PP&E Valuation
    Valued using one of two options, let’s state them
    Cost model and revaluation model
    You can remember this if my lyrics you follow
    Pensions, defined benefit plans
    Project-unit-credit-method
    It calculates the PV
    Of the defined benefit obligation

    Need more NINJA Rap Videos? (of course you do).

    CPA Review

    October 30, 2014 CPA Exam Raps

    CPA Exam Pass Rates for Q3 2014 Released; BEC Pass Rate 22% Higher than AUD

    failure-slide

    The AICPA has released the 2014 CPA Exam Pass Rates for Q3.

    AUD 2014 Pass Rates

    Q3: 47.41%
    Q2: 48.97%
    Q1: 47.35%

    Q3 2014: 47.41%
    Q3 2013: 46.71%
    Q3 2012: 50.06%

    BEC 2014 Pass Rates

    Q3: 57.90%
    Q2: 58.20
    Q1: 53.28%

    Q3 2014: 57.90%
    Q3 2013: 58.54%
    Q3 2012: 57.71%

    FAR 2014 Pass Rates

    Q3: 51.14%
    Q2: 47.720%
    Q1: 44.06%

    Q3 2014: 51.14%
    Q3 2013: 51.23%
    Q3 2012: 53.91%

    REG 2014 Pass Rates

    Q3: 52.21%
    Q2: 51.69%
    Q1: 49.17%

    Q3 2014: 52.21%
    Q3 2013: 49.80%
    Q3 2012: 51.26%

    Takeaways

    1. AUD has taken a hit since the 2013 Clarified Auditing Standards were introduced to the exam.

    2. BEC is still strong – approaching 60%.

    Additional Information

    Check out the Pass Rate Discussion in the CPA Exam Forum.

    See CPA Exam Pass Rates from prior quarters.

    October 27, 2014 CPA Exam Pass Rates

    Forum NINJA MCQ Giveaway (10/24) – Closed

    ninja-group1-209x209

    The NINJAs are giving away 5 NINJA MCQ subscriptions Friday.

    Details in the CPA Exam Forum. HIYA!

    October 20, 2014 Another71 Forum
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