[MattCPA18]

This chapter on Bonds is destroying me right now….Any tips for how I can attack this chapter that some of the points will stick a little bit better? Iv gotten a decent grip on leases but that is a rough one as well. how many questions on bonds can I expect on the exam?

any advice is appreciated

REG – 84

AUD – 83

BEC – 82

FAR – October 10

[ijustwant76]

Know the journal entries, for both the issuer and the purchaser. It's SUPER important.

[shikari1985]

MattCPA18- What exactly is troubling you for the Bond? Is it determining Premium or Discount? Or preparing amortization schedule..? If you could be specific, I could certainly help with the bond…!

FINALLY ITS ALL DONE.......!! GLAD TO BE A CPA...!!
AUD: PASSED
BEC: PASSED
REG: PASSED
FAR: PASSED

ETHICS: PASSED

[MattCPA18]

shikari1985- i guess it would be the amortization schedule and the difference between straight line and effective interest…more so the effective interest method….i use becker and have watched the lectures and read through the chapter…..when im reading through it, it seems to make sense but once i attack the multiple choice questions i have a tough time knowing what information to use and how to use it.

[shikari1985]

MattCPA18- If I am not wrong, you might be confused computing interest expenses which goes to Income Statement or/and the value of the Bond which goes to Balance Sheet. Reading the question, if you could differentiate what exactly is the question asking you can just start calculating what is required of you (is it the balance sheet amount or the income statement amount?) More importantly the trick is not just the simple calculation but what the question is asking you (Is it first years interest expense or the second year interest expense?). I would say break down the question and read it carefully what the question is asking. If you know the basic approach whether it is a discount or a premium (through journal entries), you should be able to answer it correctly. I assume you know what portion of amortization gets added and what gets subtracted (i.e what happens if it is a discount bond or a premium bond). Let me know if you need further help understanding.

FINALLY ITS ALL DONE.......!! GLAD TO BE A CPA...!!
AUD: PASSED
BEC: PASSED
REG: PASSED
FAR: PASSED

ETHICS: PASSED

[MattCPA18]

im gonna try doing that, breaking down the question…thanks and i will

[shikari1985]

MattCPA18 – One last thing- I will highly recommend you to know bonds calculation (as it is the easiest one to score few points as compared to other FAR questions) and the best way to do so is to prepare an amortization schedule on your own (without referring your book). You will definitely work it out easily if you break the questions like I suggested and prepare amortization schedule from top to bottom. GOOD LUCK.

FINALLY ITS ALL DONE.......!! GLAD TO BE A CPA...!!
AUD: PASSED
BEC: PASSED
REG: PASSED
FAR: PASSED

ETHICS: PASSED

[ruby-tuesday88]

Its funny that I just saw this as I am currently wrapping up bonds. I do agree that its hard material, mainly because there is so much on bonds to learn. But The way I am handling is by getting a firm grasp on the basics first, making flashcards for the journal entries. I Didn't dig too deep into convertible bonds, just the basics. Lets just hope we don't get a bond intensive exam. At least not one with the bond outstanding method haha.

REG-79(7/14)

BEC-76(7/14)

AUD-88(02/15)

FAR-73(10/14), Waiting on score 02/24/15

[Future Ninja]

Try the free Blitz Ninja Video. It helped me a LOT.. I called this “Mr Bond.. James Bond”

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[ruby-tuesday88]

@Future Ninja, where can i access the video?

REG-79(7/14)

BEC-76(7/14)

AUD-88(02/15)

FAR-73(10/14), Waiting on score 02/24/15

[Future Ninja]

@ruby-tuesday88 – been out for the weekend. Send an email to Jeff if he has an available free access to ninja blitz video. normally he announce it here.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Future Ninja]

https://www.another71.com/cpa-exam-study-plan/ but for now only for GOVT ACCTG. Try to send him an email for bonds access. I tell you, it's great.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[MrCPA511]

I feel that bonds, leases, and pensions are all very systematic. As long as you know the journal entries and a few other rules (like bond issue costs) then it's really not that bad. I would say focus on the JEs and know the format for the effective interest method. JE's come in very handy when you get to the convertible/detachable warrants section. Bonds is a big topic so I would make sure you make this topic into 1 of your stronger areas. Remember, you want to amortize the premium/discount to the face! (Becker joke)

FAR - 86 7/2014
AUD - 95 10/2014
REG - 87 1/22/15
BEC - 84 7/2015

[MattCPA18]

thanks for all the insight….im heading to the library right after work and not leaving until I know the entire bond chapter…..3 more weeks until this exam so its crunch time!!!

REG – 84

AUD – 83

BEC – 82

FAR – Oct 10

[Iggy1985]

bonds are tested pretty heavily, but once you can do an amortization schedule in your sleep, you can find the answer to a ton of different questions they could ask.

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio
BEC - 82 (5/8/15) Mostly Ninja MCQ, sprinkles of Becker lectures and Ninja Audio
REG - (8/14/15)

[samdiegoCPA]

I feel bonds are very straight forward once you go through them very thoroughly. Just think of it like paying down a credit card or car loan. You have a balance, you multiply by the interest rate, subtract only the principal from the CV, etc. I know it's easier said than done, but once you reach that “ah ha” moment, it's fairly easy! Good luck.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Author]

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