mdrosenfeld
offlineMember
ugh...i just got through the supplemental questions on FAR 8 and man are they tough. I understand a lot of them were from the SIMs but I didn't get a chance to look at those yet. Do people normally struggle with this section of FAR 8? I thought I knew governmental pretty well, I was getting in the 70s and 80%s on the earlier homework but these questions have gotten me a bit discouraged.
thanks for any replies!
atelery
offlineMember
same thing here, but don't worry, I think Becker (assuming you are using Becker??) is harder than the CPA exam. 70-80% is good enough, i suggest you move on and only go back to F8 if you have extra time to review. good luck!! :)
Joe36y
offlineMember
I would try to learn chapters 8 and 9 very well considering they are around 20% of your exam! I feel like if i didn't know governmental and not-for-profit I would have failed.
But my take aways from chapters 8 and 9
Make sure you know governmental and your fiduciary funds down pact ! Also journal entries just in case of a Sim.
Have a good understanding of the government wide funds and if you have time look into the consolidations.
Know the difference between the three funds Unrestricted, Temp, Permanent for Not-for-Profits and how to report them
bronzy
offlineMember
I just had a NFP/Gov. class in my final semester of my B.S. in May so take what I say with a grain of salt...
But I found the supplemental of F8 to be some what difficult, I did all of them except the last 10?-12?. The ones that are extremely hard and play out like a simulation, I would skip those. Do not skip the other 60-70 or however many they are. They are very similar to the ones in the regular hw. Even just get them wrong to learn what the right answer is and memorize that fact nugget.
Good luck, I am taking far oct. 14, not FAR away ;)
kaaCPA
offlineMember
i skipped the F8 supp questions and was going to do them along with my final review, hope that is not a huge deal. there are like 120 supp questions. its the most ive ever seen for supp questions in becker.
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