FAR Journal Entries

  • Creator
    Topic
  • #191975
    shanek327
    Participant

    Exam is in three days, which ones do I need to be focusing on????

    FAR - 75
    AUD - 78
    BEC - 82
    REG - 77

    2 Corinthians 5:21

    Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.

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  • #646737
    Zuly
    Participant

    @shanek327 I just took my re-take and I'd like to say all of them because you really don't know what they are going to test you on, especially in the SIMS. You should definitely know investments (i.e. Equity method), Bonds and not just the regular issuance but retirement of bonds, detachable warrants and convertible bonds, S/Es (i.e. treasury stock, all the types of dividends, etc.), business combinations/consolidations, LT construction contracts, look at the notes receivable and notes payable. That's all I can think of specifically. The best advice I can give is that when you are doing the MCQs make sure you are also practicing the corresponding J/E so it's easier to understand how you are applying the concept. Also, if you have a hard time memorizing the account names then just write out the J/E a few times or make a flash card. Good luck on your exam!

    FAR - (11/01/14) 71 (02/07/15) 79
    AUD - (04/30/15) 86
    BEC - (07/21/15) 73 (10/01/15) 75
    REG - (11/30/15) 55 (05/19/16) 74

    #646738
    Mamabear
    Member

    Here is a good site with JEs

    https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

    And one for Governmental JEs

    https://sites.google.com/site/farnotes/gas-34/journal-entries–fund-based-vs-government-wide

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

    #646739
    TNCPA16
    Participant

    Thank you, mamabear for posting this!! This is so helpful!

    #646740
    mady_cs
    Participant

    @mamabear I wish I had known about these websites before my exam! I will definitely look into them if I have to retake (there's a high probability).

    Wiley CPAexcel

    FAR - 4/02/16
    REG - 5/26/16
    AUD - 66
    BEC - TBD

    #646741
    Anonymous
    Inactive

    Restructured debt and other chapter 10 JE.

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