[seattleacct]

I’ve seen a lot of posts regarding adjusting journal entries in sims and how they are FAR related, not AUD. While FAR focuses on more journal entries than AUD, they’re still necessary for AUD. I’m sure everyone’s audit study materials have something regarding journal entries.

As an auditor, you must be able to recommend journal entries to correct mistakes, especially with timing issues. If an entity recognizes material revenues or expenses in the wrong period, the financial statements will be misstated. In AUD, you need to see everything from the auditor’s perspective. In FAR, you need to see things from the company’s perspective.

Knowing your JEs is important for both.

B:76
A:64, 73, 91!
R:77
F:76

CPAexcel, Wiley Test Bank, Ninja Audio & Notes

[RIST]

Since they are in Becker maybe it is OK to say this, but 3, yes THREE of my AUD sims were from FAR. Interestingly, they were very very very similar to three examples in Becker's FAR (not in Beckers AUD XD). I took AUD before FAR so I didn't notice this until I went through FAR (just finished F10 15 minutes ago then came here, lol!!!!).

So yeah, JEs, FOB, Contingencies… All hit hard in FAR sims but very light in AUD sims in terms of Becker Practice. I still did very well on AUD, but AUD sims are just FAR sims excluding the obvious reports and Internal Control things. At least that is my take.

So yeah, take AUD after FAR is my best advice to anyone taking the CPA if you don't have a very strong foundation/applicable work experience.

[kpb]

Yeah i wish i had known that prior to taking AUD… I too had at Least 3 FAR sims (currently studying FAR) although i'm not sure if even having FAR would've helped because my sims were SUPER hard. 🙁 now i'm set back like 4 months of not passing any tests….sucky feeling but i'm finishing strong with FAR and hopefully retake AUD when i start working in October (in Audit)

BEC - 81 4/08/14
FAR - 80 8/25/14 Thank you Jesus!
REG - 69 (Nov 14),80 1/08/15 Thank God!
AUD - 70 (May 14), xx 5/1/15

Becker Online & Becker Flashcards
I definitely wish I was one of those people who got all 4 exams done in 4 months, but unfortunately LIFE (being a newlywed, stress, adjusting to newlywed life and cpa exam study life, as well as starting a job with a Big4 which I am very happy about) got in the way, just happy that I am passing period!!

I can do all things through Christ who strengthens me!

[Anonymous]

AUD sims are not “FAR” sims, they're AUD sims.

People shouldn't be surprised when they see journal entry simulations in Audit. I think everyone needs to take the AICPA practice exam. The practice exam simulations have journal entries and the answers show you the expected format.

[NYCaccountant]

So If I am comfortable with Adjusting Journal entries, I should be fine for the FAR based SIMS? I have taken a few sims in the review material and the journal entries are pretty basic. I remember FOB destination, shipping point from my FAR days and reversing out revenue, expenses, adding expenses, revenue is basic accounting. Am I fine with just this? This is my first time taken Audit, so just trying to get a sense of what to expect.

AUD - 99
BEC - 84
FAR - 93
REG - 87

NYC born and raised.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Quinacridone]

NYAccountant,

When you take FAR, it may present very different SIMS than what was on a test in a different window (I know you know this). Like you, I took FAR before AUD. I did not really re-study anything in FAR (thought about it, but it was just too much to try to look through). The SIMS I had on my test that had FAR type material I was able to work through so I have all confidence that you will do as well (especially since you got a much higher score on FAR than I did).

There is a really good AICPA released SIM (I don't remember what year) that had several adjusting journal entry questions on it that would be really good practice.

REG - Nov 4, 2013: 88
FAR - Feb 27, 2014: 86
AUD - April 5, 2014: 91
BEC - May 6, 2014: 83

Florida CPA 24 July 2014
(Done in seven months - thank you Jesus!!)

[NYCaccountant]

Thanks @ Quinacridone.

AUD - 99
BEC - 84
FAR - 93
REG - 87

NYC born and raised.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[AGI]

I am not sure what FAR and AUD define… When I took FAR, I never had any JE sim.

In fact, I get this totally odd sim that ask me for ** Edited by Kricket for Exam Disclosures **

I was like.. that's not even in my study book. But thanks for the “good” professor in accounting 101 that give me super hard homework, I kinda remember the answer and pass the test.

I wish I get a JE sim on AUD. I seems to have a problem on AUD sim, from NINJA, overall , it looks hard and I can't seems to score a good grade.

Anyone wants to share some tips on AUD sim?

NY - CPA

New York - NYC
Passed CPA Exam (11/2014)
In search for a position in NYC that will fulfills the license requirement.

[005]

anyone take FAR after AUD and not have an issue? Just asking because that's what I'm going to be doing… now you got me thinking =/

BEC - ✔
REG - ✔
AUD - ✔
FAR - 11/29/14

CPAExcel, Ninja MCQs, and a sh*t ton of coffee

[Anonymous]

I took Audit before FAR and passed. I did spend a day going over some basic adjusting JEs right before the exam. It did help.

[RIST]

I took AUD before FAR and like I said I now recognize that the sims I got on the AUD exam are very well represented in the FAR study materials.

Like… VERY VERY well represented (so much so that the one asked the exact some questions and had the exact same format with just changes in the fact pattern). ** Edited by Kricket **

But like I said I did fine even without the help, but I have years of experience with JEs and AJEs so I consider any JE sim a gimmie regardless of the section.

[Kimboroni]

Same as 2014 CPA, I took and passed AUD before studying any FAR material, but I had read here to brush up on JEs and basic debit/credit stuff for AUD, so I did. It made a huge difference.

AUD 84 (1/9/14-Wiley books/TB + free materials)
FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

[NYCaccountant]

Ok, so know FOB, accruals is the bare minimum. I'll brush on some journal entries the morning of the exam.

AUD - 99
BEC - 84
FAR - 93
REG - 87

NYC born and raised.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

Please be careful with exam disclosures. No one wants to get in trouble. As for AUD having FAR Sims, think about it like this… Auditing is FAR from the other side of the table. They may look like FAR Sims, but they are AUD Sims. As for content, if it's in the Content Outline, it is fair game on the exam. Period. End of Story.

[Anonymous]

@NYC, I bet you will score 99 on your AUD:)

[Anonymous]

I'm currently studying becker and I have a few sims that utilize journal entries. It's been awhile since I had my basic accounting classes and my aud exam is Monday… What are some areas that I should review for journal entires and adj? Any advice would be great!

[Author]

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