FAR Sims Question

  • Creator
    Topic
  • #186898
    jrw1990
    Member

    Hey all, I am about to have my fourth attempt on FAR in about a week here (got a damn 74 the last time). I just had one quick question about SIMS that have journal entries, and I’m gonna try and explain it to the best of my ability.

    On my study materials, CPAexcel, for journal entries it will always have a column for the account, a debit column, and a credit column. So far example if you bought office supplies for $100 you would debit office supplies and credit cash. However, whenever I do simulations you need to put zeros in the columns that you don’t use, so you would put a credit of zero in office supplies and a debit of zeros in cash.

    So I guess that my question is, Is this something that you need to worry about on the CPA exam. I would hate it if this something that cost me the one point on my last attempt. I’m just not sure exactly how the grading process goes on these entries.

    FAR - 63 71 74 76.... thank god
    AUD - 68 75
    BEC - 78
    REG - 78

Viewing 8 replies - 1 through 8 (of 8 total)
  • Author
    Replies
  • #580305
    Anonymous
    Inactive

    I didn't put zeros in mine and I passed. I don't think it will count against you if you do it, but I don't think it's a requirement either.

    #580306
    Anonymous
    Inactive

    So what you are saying is for every box is blank you put in a zero?

    I hope thats not a requirement.. If it were, should it not say on the sim?

    #580307
    silverdice7
    Member

    On one of my exams it said to put zeros in empty cells, so I did.

    AUD 94
    BEC 91
    REG 88
    FAR 91

    Done!

    #580308
    NYCaccountant
    Participant

    When I took FAR, i'm pretty sure I left some cells that were zero blank, although i put zero in others. Is the rule to put zero? I only read about the rule after the fact, but still not sure on exactly what to do.

    AUD - 99
    BEC - 84
    FAR - 93
    REG - 87
    NYC born and raised.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    #580309
    stoleway
    Participant

    The key is to follow intruction carefully on your exams, do what they say.

    Most of the time you're required to fill in only the debit and the corresponding credit for GL.

    There are times you will get a table, could be drop down or fill in and you will be required to put 0 in any box that's not being used.

    I had lots of journal entries and I filled them out with only debit and credit, I did not care about the empty spaces because the instructions were silent on them.

    REG -63│ 84!!
    BEC- 59│70│ 71 │78!
    AUD- 75!
    FAR- 87!

    Mass-CPA

    #580310
    jrw1990
    Member

    Thanks stoleway, I'm gonna assume you know what you're talking about since you passed with an 87 on your first try. I'm thinking that these simulations must be at least partially graded by humans? And if so, it might not really matter either way how you approach using the zeros.

    FAR - 63 71 74 76.... thank god
    AUD - 68 75
    BEC - 78
    REG - 78

    #580311
    stoleway
    Participant

    Nope, sims are graded by computer so how you approach the zeros is very important

    REG -63│ 84!!
    BEC- 59│70│ 71 │78!
    AUD- 75!
    FAR- 87!

    Mass-CPA

    #580312
    JamesBJames
    Participant

    The only thing that's graded by humans on the exam is the BEC WC portion when you're on the bubble between passing and failing.

    Just follow the directions. It will usually say what to do regarding 0s.

    FAR: May 1st, 2014 - 91
    AUD: May 29th, 2014 - 97!
    BEC: July 16th, 2014 - 91
    REG: August 29th, 2014 - 88

    Licensed December 2015

    Feel free to add me on LinkedIn by clicking my username!

Viewing 8 replies - 1 through 8 (of 8 total)
  • You must be logged in to reply to this topic.