I am up to the second lecture and the teacher is referring back to the BASE neumonic that he said we learnt in the first lecture. I dont recall learning it. does anyone know what page its on in the far 2009 book or what it is...? Also how woul di contact one of the teachers with a question?
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Shawna
offlineMemberThe same thing happened to me! It is not in the first chapter. I don't know what page it is but here is the formula:
B - beginning balance
A - additions
S - subtractions
E - ending balanceIf I find it in the book I will let you know!
FAR- 70, 76 REG - 91 BEC - 80 AUD - 74, 85
GA - NASBA statePosted 2 years ago # -
kroyal0216
offlineMemberI think the BASE mnemonic is essentially what you learned in college in your Accounting 101 class.....I don't think the mnemonic is any special formula. When you have to reconcile a set of numbers during the exam, I always find it's best to just use the old "T" account format, which is also the fastest and easiest way to memorize the reconciliation. I hope this helps :)
Posted 2 years ago # -
dobat
offlineMemberBASE is a waste of a neumonic. It's really just a formula for common sense..begging bal + additions - subtraction = ending? if u have/end with 5 apples and began with 2 and bought 10, how many did you eat/subtract..
FAR 11/18/09 - 81, BEC 1/9/10 - 83, AUD 5/24/10 - 92, REG 8/30/10 - 86Posted 2 years ago # -
Shawna
offlineMemberExactly styleforum! But after you work with the calculations throughout the section you will find it will come easier to you. I do agree with kroyal that the T account is easier and makes more sense.
FAR- 70, 76 REG - 91 BEC - 80 AUD - 74, 85
GA - NASBA statePosted 2 years ago #
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