Do some questions actually specify what is "xxxx" under FASB ASC xxx-xx-xx-x ?

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  • #203240
    BenB
    Participant

    I’ve noticed that some NINJA questions will ask something like:

    “Which of the following is an eligible item for the fair value measurement option under FASB ASC 825-10-15-4?”

    Are these actual questions from the exam?

    You have the full codification available during the test right? How easy is it to just go to that section?

    FAR 7/11/16 - 87
    BEC 9/9/16
    REG TBD
    AUD TBD

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  • #783881
    wombataholic
    Participant

    >> Are these actual questions from the exam?

    I can't answer that, but I believe the questions in Ninja MCQ are licensed from the AICPA.

    >> You have the full codification available during the test right?

    Only during the Sims. For MCQs like the one you posted, you'd better know which items are eligible for fair value measurement. The additional code information is just extra info to throw you off.

    >> How easy is it to just go to that section?

    It's in its own tab during sims, so very easy.

    AUD - 91
    BEC - 85
    FAR - 91
    REG - 92
    CPA, CFE
    Passed all 4 CPA exam sections with Ninja Notes/MCQ/Audio

    Licensed CPA
    Passed each section on the first try with Ninja Notes/MCQ/Audio

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