Does anyone else hate bonds payable as much as I do (F5 in Becker) ?

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    Topic
  • #195290

    Hi all,

    I am scheduled to sit for FAR on the 14th of August and have been really stressed due to the amount of material for this section. All of the other sections seem a bit easier to study for. I thought chapter 2 was bad, but then i got to chapter 5. I honestly have no clue on how to compute some of these bond payable questions. I read the section over like 3 times but the examples they give in the book doesn’t really help me with solving the HW problems. Anyone having a similar experience with bonds? I know that I will probably get a bond SIM and a few bond questions so I really want to be prepared for it. I’m not sure if Becker’s explanations are not adequate enough or if i am just a big dummy…LOL. Please share any advice you have for me please!!! i really want to be able to understand this. Thanks!

    BEC - 76 (1/24/15)
    REG - 82 (4/13/15)
    AUD - 89 (5/31/15)
    FAR - 78 (8/16/15)

    Starting right now I'll be strong
    I'll play my fight song
    And I don't really care if nobody else believes
    'Cause I've still got a lot of fight left in me

Viewing 10 replies - 1 through 10 (of 10 total)
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  • #681441
    Anonymous
    Inactive

    Yes! I strongly recommend checking out Roger CPA on youTube, he has a great video that explains them. I could not grasp the concept. I thought I did in lecture and notes but then when it came to problems I froze and had no clue. After watching his videos and practicing his method, I really mastered it. Good luck!

    #681442
    CPA soon
    Member

    Provide a good example of a problem you don't understand and people will help you.

    FAR - 71, 68, 74, (8/31/14) 78 ✔
    REG - 67, 71, 71, (10/18/14) 78 ✔
    BEC - (11/29/14) 86 ✔
    AUD - 73, (4/4/15) 86 ✔

    I can't believe this is over! 2 years and 3 months..

    #681443
    smazthespaz
    Member

    I believe there was a pretty good sim for bonds that went over premium/discount and one that did gain or loss on early retirement in Becker F5.

    You may want to check that out, as it does a good job explaining the journal entries.

    REG - 83 11/24/14
    AUD - 94 2/17/15
    FAR - 93 5/26/15
    BEC - 90 8/10/15

    #681444
    JohnWayneIsGod
    Participant

    Practice as many questions as you can. Make sure you understand discounts, premiums, the effective interest method, and how amortization, interest payments/revenues and carrying value behave with discounts and premiums. Bonds were one of those things that I understood in college, but were always part of a brain dump upon completion of the course. So practice, practice, practice. Make sure you understand the fundamentals and have practical experience, and don't give yourself a chance to forget anything before the exam.

    FAR - 80

    Courage is being scared to death, but saddling up anyway.

    -John Wayne

    #681445
    Anonymous
    Inactive

    I LOVE bonds and leases… Loved chapter 5… 😀 I personally think it's the most straight forward topic in FAR.

    #681446

    Thanks for the tips everyone, I'll check out the youtube video from Roger and also work the SIMS and also practice practice practice!

    Another85 – Can we trade brains? Just for one day though. Preferably August 14th. lol

    BEC - 76 (1/24/15)
    REG - 82 (4/13/15)
    AUD - 89 (5/31/15)
    FAR - 78 (8/16/15)

    Starting right now I'll be strong
    I'll play my fight song
    And I don't really care if nobody else believes
    'Cause I've still got a lot of fight left in me

    #681447
    Anonymous
    Inactive

    ^ Give your brain on July 14th.. Your score on REG is awesome! lol

    #681448

    alrighty…here we go………………………………………..

    *bnsakjhfakjhgfashfoagsgskgbsjgbshjfskfhdngb*

    ok DONE!, you shall have my brain on the 17th.

    BEC - 76 (1/24/15)
    REG - 82 (4/13/15)
    AUD - 89 (5/31/15)
    FAR - 78 (8/16/15)

    Starting right now I'll be strong
    I'll play my fight song
    And I don't really care if nobody else believes
    'Cause I've still got a lot of fight left in me

    #681449
    Anonymous
    Inactive

    ^

    hahaha Perfect! .. I will return that to you on the 17th just before midnight… I'll give you my FAR brain portion on top of it, but I want it back 😀

    #681450

    hahaha , i'll let u have it forever after i find out my results. You may need it for AUD, BEC(i sucked at) LOL

    BEC - 76 (1/24/15)
    REG - 82 (4/13/15)
    AUD - 89 (5/31/15)
    FAR - 78 (8/16/15)

    Starting right now I'll be strong
    I'll play my fight song
    And I don't really care if nobody else believes
    'Cause I've still got a lot of fight left in me

Viewing 10 replies - 1 through 10 (of 10 total)
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