http://www.another71.com/cpa-exam-forum/ Powered by Another71.com en-US Tue, 07 Feb 2012 10:03:05 +0000 http://bbpress.org/?v=1.0.2 q http://www.another71.com/cpa-exam-forum/search.php http://www.another71.com/cpa-exam-forum/topic/stock-dividends-received-under-cost-and-equity-method#post-145896 Mon, 06 Feb 2012 15:33:09 +0000 Ali Alabdullatif 145896@http://www.another71.com/cpa-exam-forum/ <p>studying FAR made me confused!!</p> <p>Can someone help me out to know if there is any Journal Entry for Receiving Stock Dividends using the cost method and Equity method?? Is it recorded as dividend income on the Income Statement like Cash dividend under cost method ? And is there any increase or decrease in Investment account using Equity method??</p> <p>Can some one help please??</p> <p>Thanks, </p> http://www.another71.com/cpa-exam-forum/topic/should-i-invest-in-another-testbank-gleim#post-146065 Tue, 07 Feb 2012 00:01:22 +0000 misanthrope87 146065@http://www.another71.com/cpa-exam-forum/ <p>So I've gone through all of my Becker MCQs twice already and getting in 80's on those. The questions are very familiar, too familiar. I have the Wiley online test bank (2011 ftw) and I'll probably go all those questions a second time by the end of Sunday. I've been getting in the low 70s for my first try on those. Should I invest in Gleim? Or is it overkill? I'm not too smart and may need the extra help...My test is on the 20th. </p> http://www.another71.com/cpa-exam-forum/topic/yankee-peanut#post-145566 Sun, 05 Feb 2012 15:55:02 +0000 hopeful_cpa 145566@http://www.another71.com/cpa-exam-forum/ <p>CONGRATS TO BOTH OF YOU!!!! I'm super stoked you guys passed this time window. Yankee I cant be happier knowing you finally got AUD out of the way, I unfortunately have to wait till next score release because I took it 1/19.</p> <p>Good job guys!!! </p> http://www.another71.com/cpa-exam-forum/topic/aud-cpa-exam-review-2011#post-66740 Tue, 30 Nov 2010 10:59:54 +0000 Jeff - another71.com 66740@http://www.another71.com/cpa-exam-forum/ <p>NINJA Study Notes, Flashcards: <a href="http://www.another71.com/products-page/ninja-cpa-review-study-guides/" rel="nofollow">http://www.another71.com/products-page/ninja-cpa-review-study-guides/</a></p> <p>Wiley Software: <a href="http://www.another71.com/products-page/wiley-software/" rel="nofollow">http://www.another71.com/products-page/wiley-software/</a> </p> http://www.another71.com/cpa-exam-forum/topic/studying-for-far-and-am-feeling-waaaay-overwhelmed-right-now#post-146009 Mon, 06 Feb 2012 20:46:58 +0000 hopeful_cpa 146009@http://www.another71.com/cpa-exam-forum/ <p>I just feel so screwed going through this material because its so much!!! I got my exam end of the month and i'm not even half way through the cram for it yet. </p> http://www.another71.com/cpa-exam-forum/topic/january-february-2012-cpa-exam-score-release-results#post-138974 Tue, 20 Dec 2011 16:40:27 +0000 Jeff - another71.com 138974@http://www.another71.com/cpa-exam-forum/ <p>Updated for January/February 2012: <a href="http://www.another71.com/cpa-exam-scores-results-release/" rel="nofollow">http://www.another71.com/cpa-exam-scores-results-release/</a> </p> http://www.another71.com/cpa-exam-forum/topic/section-179-180#post-145627 Sun, 05 Feb 2012 19:28:09 +0000 CPA628 145627@http://www.another71.com/cpa-exam-forum/ <p>Just making sure I'm understanding this right:</p> <p>Taxpayer can expense up to $500,000 of the cost of the property as depreciation, granted the property placed in service during the year doesn't exceed $2,000,000. Also, the property has to be new and used for business. Correct?</p> <p>Then what's the deal with bonus depreciation? Becker mentions that new, qualified assets acquired and placed in service after Sept 8, 2010 but before Jan 1, 2012 qualify for 100% write off. </p> <p>So can the taxpayer claim both? I'm confused. Can anyone shed some light on this issue? Please:!) </p> http://www.another71.com/cpa-exam-forum/topic/failed-reg-for-the-2nd-time-and-feeling-horrible#post-145818 Mon, 06 Feb 2012 12:40:12 +0000 SFMLE 145818@http://www.another71.com/cpa-exam-forum/ <p>I studied for six weeks for the first try, and four weeks of review for the second try and I still failed. I'm starting to feel so demotivated because I've given up spending time with friends and family to study for these exams, to only see failing scores. I'm starting to lose confidence and am starting to feel depressed :( </p> http://www.another71.com/cpa-exam-forum/topic/ot-music#post-144431 Wed, 01 Feb 2012 20:47:29 +0000 Jeff - another71.com 144431@http://www.another71.com/cpa-exam-forum/ <p>What are you listening to these days?</p> <p>(you can embed the You Tube video by copy and paste the address in your browser *not* the address in the "Share" button)</p> <p><a href="http://www.youtube.com/watch?v=PPtSKimbjOU&amp;list=PLE61B647F92CE08AA&amp;index=2&amp;feature=plpp_video" rel="nofollow">http://www.youtube.com/watch?v=PPtSKimbjOU&amp;list=PLE61B647F92CE08AA&amp;index=2&amp;feature=plpp_video</a> </p> http://www.another71.com/cpa-exam-forum/topic/texas-tx-november-2011-score-release#post-135175 Thu, 08 Dec 2011 14:38:38 +0000 Mr. Tran 135175@http://www.another71.com/cpa-exam-forum/ <p>As of Thursday December 8, 2011, 1:35pm CST, no score yet from the TX board.<br /> <a href="http://www.tsbpa.state.tx.us" rel="nofollow">http://www.tsbpa.state.tx.us</a> </p> http://www.another71.com/cpa-exam-forum/topic/come-on-feb-6th#post-144579 Thu, 02 Feb 2012 18:58:36 +0000 Jzjac 144579@http://www.another71.com/cpa-exam-forum/ <p>GOD I cannot wait til Feb 6th! I just want to know my grade already.. I took BEC on January 12th and have been anxious ever since. After taking the exam I felt like it could go either way but the more and more I think about it, the more I think I failed. So I just want to see that 75 or above!<br /> I'm currently studying for FAR and to see a passing grade and knowing I already have 1/4 of this monster over with would be a huge relief. I really need a confidence booster because FAR is kicking my butt and hopefully I would be able to push through and conquer FAR. </p> <p>I wish everyone the best of luck on February 6th! </p> http://www.another71.com/cpa-exam-forum/topic/wileys-new-2012-version#post-143529 Fri, 27 Jan 2012 20:00:30 +0000 Givemesleep 143529@http://www.another71.com/cpa-exam-forum/ <p>After a small struggle logging in, I have tried it, nice improvement more user friendly. Anyone else try it? </p> http://www.another71.com/cpa-exam-forum/topic/how-to-prepare-for-international-auditing-standards#post-146046 Mon, 06 Feb 2012 22:47:32 +0000 CPA Genie 146046@http://www.another71.com/cpa-exam-forum/ <p>Hi Everyone,</p> <p>I would like to have your advice on how to prepare for International Auditing Standards? I don't see that many practice questions from my study materials. </p> http://www.another71.com/cpa-exam-forum/topic/ninja#post-145837 Mon, 06 Feb 2012 13:18:25 +0000 Jaim17172 145837@http://www.another71.com/cpa-exam-forum/ <p>So I am debating on buying the Ninja software to help me with the CPA exam. I've tried Becker, but I haven't really had time to study and I get bored with the hours of lectures.<br /> I'm afraid with Ninja that there won't be enough material covered. Has anyone used this? I tried looking up reviews but the only website it brought me to was another71.com,</p> <p>Thoughts??? </p> http://www.another71.com/cpa-exam-forum/topic/why-reg#post-143840 Mon, 30 Jan 2012 12:26:04 +0000 lion_cpa 143840@http://www.another71.com/cpa-exam-forum/ <p>Why CPA exam have the Regulation part included: </p> <p>1) TurboTax (Help Line Available, Books and Google)<br /> 2) Tax Law Change every year, and person can take the HR Block course for updates and get perfect at it.<br /> 3) Majority of people file there tax returns using TurboTax who will come to CPA </p> <p>I am thinking to hard, because I am taking REG end of FEB :) I have to stay focus :) </p> http://www.another71.com/cpa-exam-forum/topic/reg-depreciation-mid-quarter-convention#post-146045 Mon, 06 Feb 2012 22:46:27 +0000 Soproudofmyself 146045@http://www.another71.com/cpa-exam-forum/ <p>Help! </p> <p>I don't think understand how the mid-quarter convention works. </p> <p>It applies to machinery &amp; equipment. If &gt; 40% of it placed in service in the last quarter of the year....but how do you calculate it? </p> <p>Is this right? </p> <p>Quick Example:<br /> Machinery &amp; Equipment falling in the 7 year 200% class....</p> <p>Office furniture : $1,000 (placed in service in Sept 2011)<br /> Office equip : $2,000 (placed in service in Nov 2011)</p> <p>66% placed in service in the last quarter of the year so the mid-quarter convention applies. </p> <p>Is the depreciation $107 for the year? Half of the last quarter x 200%?</p> <p>Maybe it's a silly question, but I'm not taking any chances this time =( </p> http://www.another71.com/cpa-exam-forum/topic/cpe-credits#post-146054 Mon, 06 Feb 2012 23:00:01 +0000 momo5 146054@http://www.another71.com/cpa-exam-forum/ <p>Hello all,</p> <p>I just needed some information on CPE credits for the CPA. Is it better to take CPE credits in-person or buy the courses from the AICPA? Also, do you have to take a test at the end of the courses if you buy them online? And is there any good company that offers these courses in-person? </p> <p>Please, any kind of help will be much appreciated. </p> <p>Thank you. </p> http://www.another71.com/cpa-exam-forum/topic/who-wore-red-panties-and-passed#post-145119 Sat, 04 Feb 2012 11:56:49 +0000 Peanut 145119@http://www.another71.com/cpa-exam-forum/ <p>I did, I did!!!! </p> http://www.another71.com/cpa-exam-forum/topic/bec-cpa-exam-review-2011#post-66739 Tue, 30 Nov 2010 10:59:27 +0000 Jeff - another71.com 66739@http://www.another71.com/cpa-exam-forum/ <p>NINJA Study Notes, Flashcards: <a href="http://www.another71.com/products-page/ninja-cpa-review-study-guides/" rel="nofollow">http://www.another71.com/products-page/ninja-cpa-review-study-guides/</a></p> <p>Wiley Software: <a href="http://www.another71.com/products-page/wiley-software/" rel="nofollow">http://www.another71.com/products-page/wiley-software/</a> </p> http://www.another71.com/cpa-exam-forum/topic/my-recent-aud-score-feelings#post-145959 Mon, 06 Feb 2012 18:05:25 +0000 hopeful_cpa 145959@http://www.another71.com/cpa-exam-forum/ <p>AICPA</p> <p>cash $$$$<br /> test administering liab xxxx</p> <p>ME</p> <p>anger and motivation xxxx<br /> cash $$$$$$$$$$$$$$$$$ </p> http://www.another71.com/cpa-exam-forum/topic/salaries-paid-to-the-sole-proprietor-drawtaxable#post-146008 Mon, 06 Feb 2012 20:45:31 +0000 CPA628 146008@http://www.another71.com/cpa-exam-forum/ <p>Okay, I'm confused on this. </p> <p>I understand personal draw aren't deductible on Sch C, so does that mean are they taxable as other income on 1040? </p> <p>In partnership/S Corp: guaranteed pmts are taxable, are personal draw similar thing or am I loosing my mind?</p> <p>Help!! </p> http://www.another71.com/cpa-exam-forum/topic/power-week-of-february-6-thru-february-10th#post-145733 Mon, 06 Feb 2012 08:42:19 +0000 jomarie 145733@http://www.another71.com/cpa-exam-forum/ <p>Who's in with me? Well I'm starting off with my FAR exam is afternoon. Then I'm going to start on BEC right away. I've never studied during tax season so this tax season will be interesting. </p> http://www.another71.com/cpa-exam-forum/topic/pea-green#post-145847 Mon, 06 Feb 2012 13:41:47 +0000 akb9874 145847@http://www.another71.com/cpa-exam-forum/ <p>with jealousy.</p> <p>I kept going back and forth about posting this because I don't want it to seem I am throwing myself a pitty party. Or that I am trying to pee in people kool-aid. I hope this doesn't make me sound like the most horrible person in the world but seeing all of these people with these passing scores and being done with the exam just makes me so jealous. I literally have to stop reading because I get sick to my stomach from the jealousy of not passing and the guilt for not studying/trying harder. Then even more guilty for being jealous of people that passed. Does anyone else feel this way? ...even a little maybe? </p> http://www.another71.com/cpa-exam-forum/topic/rescheduling-an-exam-help#post-145723 Mon, 06 Feb 2012 08:15:37 +0000 ChantelRhea 145723@http://www.another71.com/cpa-exam-forum/ <p>After failing AUD recently when I Thought I had a chance to pass, I've decided I want to take more time to study for FAR instead of taking it at the end of this month. I'd like to reschedule it for April, but my Notice to Schedule date ends March 13. </p> <p>How would I go about this? Can I cancel my exam, pay the $35 fee, and then have to wait for after march 13 to apply for a new notice to schedule and reschedule my test and it only cost me another $15 to apply for the new NTS? </p> http://www.another71.com/cpa-exam-forum/topic/my-bec-experience-#post-145841 Mon, 06 Feb 2012 13:24:53 +0000 CPA Study Victim 145841@http://www.another71.com/cpa-exam-forum/ <p>I just don't know what to think. It was hard! There were a lot of questions that came out of nowhere on material that I have never seen before and also on the subject of the one test that I failed so far. That was just cruel!!! Do they look at your past testing experiences and try to torture you?? I feel that I did well on the computational questions and the few other questions that I had that related to BEC. 2 of my 3 WC were super easy. I have no idea if I did ok or not, since their scoring system is so out there. </p> http://www.another71.com/cpa-exam-forum/topic/just-did-far-ran-out-of-time-on-sims#post-143926 Mon, 30 Jan 2012 21:44:19 +0000 mds86 143926@http://www.another71.com/cpa-exam-forum/ <p>I'm writing this post to see what others think in regard to my overall feeling on FAR.</p> <p>I felt good about the 1st testlet, pretty good about the 2nd testlet, the 3rd was a bit of a challenge, but in comparison to my past FAR exams, I would say I felt OK on the 3rd testlet. OVERALL, I felt GOOD on the MCQs. I gave myself an hour for the sims and by the time i got halfway through, I was scrambling through them due to time. They were tough. Only one of the sims did I feel absolutely sure that I knocked it out. The others, I felt like I was just kind of putting as many right answers as I could. I couldn't even do the research questions. </p> <p>Has anyone been under the same experience? </p> http://www.another71.com/cpa-exam-forum/topic/reg-cpa-exam-review-2011#post-66738 Tue, 30 Nov 2010 10:58:51 +0000 Jeff - another71.com 66738@http://www.another71.com/cpa-exam-forum/ <p>NINJA + Wiley: <a href="http://www.another71.com/products-page/" rel="nofollow">http://www.another71.com/products-page/</a> </p> http://www.another71.com/cpa-exam-forum/topic/3-day-grind#post-145945 Mon, 06 Feb 2012 17:09:28 +0000 Mikey89 145945@http://www.another71.com/cpa-exam-forum/ <p>I got 3 more days to prepare for FAR. Any suggestions on the best way to use these days? </p> http://www.another71.com/cpa-exam-forum/topic/who-passed-reg-on-1st-attempt-only-using-becker#post-142624 Thu, 19 Jan 2012 19:36:21 +0000 CPA = Continuous Pain & Agony 142624@http://www.another71.com/cpa-exam-forum/ <p>Please reply to this post if you passed REG on your first attempt only using Becker. If your scores are not in your signature, could you also please post your scores in the reply? </p> <p>Just a quick survey to see what my chances look like of passing REG on first try without using Wiley or any other second source. </p> <p>Thanks! </p> http://www.another71.com/cpa-exam-forum/topic/if-i-purchase-wiley-test-bank-can-i-download-to-my-phone#post-145874 Mon, 06 Feb 2012 14:53:16 +0000 cyn637 145874@http://www.another71.com/cpa-exam-forum/ <p>Just a quick question, if I download the Online Wiley Software Test Bank, can I download the application on my phone? Or is that extra $$? </p>