[tat314]

I am about to wrap up statement of cash flows tonight and I got to thinking how my college courses didn’t prepare me for this. Anyone else feel this way or different?

'A journey of a thousand miles begins with a single step'

BEC 68 (8/20/12), 78 (2/28/13)
AUD 77 (4/2/13)
FAR 69 (5/30/13) 77 (11/15/13)
REG (10/12/13)

Rogers CPA Review, Wiley Test Bank

[Anonymous]

I've barely started studying for FAR and I already feel this way… I went to a pretty good school, but as I overheard one Big 4 recruiter saying, they like to recruit at my school because being a good student means we can teach ourselves well, since our professors can't.

[tat314]

@bronxbombers2 That reminds me of my intermediate accounting instructor who blatantly said we had to teach ourself the material because in ‘real life' we would have to be able to do that. He then went on to talk about himself for 3 hours and give us a quiz at the end of every class.

'A journey of a thousand miles begins with a single step'

BEC 68 (8/20/12), 78 (2/28/13)
AUD 77 (4/2/13)
FAR 69 (5/30/13) 77 (11/15/13)
REG (10/12/13)

Rogers CPA Review, Wiley Test Bank

[Anonymous]

Funny, because my intermediate professor was my worst as well. They just pick the cream of the crop… maybe we went to the same school =P

[jle1028]

From my own experience, statements of cash flow always seemed to be swept under the rug, in both Principles and Intermediate. In my Intermediate course, SCFs were covered very briefly in the first semester when we discussed income statements, but then the “SCFs Revisited” chapter (or whatever it was called at the end of the textbook) didn't even make it onto the syllabus during the second semester. Between that and equity–specifically, dealing with stock and EPS–I'm a little anxious about how that will go when I actually make it to that section for studying.

REG -- 77 (11/12)
AUD -- 77 (2/13)
BEC -- 89 (4/13)
FAR -- 91 (10/13)

Roger CPA, Wiley

[Tncincy]

I felt prepared, but how about forgot so much. Doing cash flow statements now it like relearning all over again. The same with accruals and deferrals. It's been awhile.

It begins with a 75
Been here too long as a cheerleader.....time to pass

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Tncincy]

I felt prepared, but how about forgot so much. Doing cash flow statements now it like relearning all over again. The same with accruals and deferrals. It's been awhile.

It begins with a 75
Been here too long as a cheerleader.....time to pass

It begins with a 75
Been here too long as a cheerleader....ready to pass

[tat314]

@bronxbombers2 I have a feeling you didn't go to a school in Washington state

@jle1028 that's exactly how I felt, we briefly covered it in my intermediate classes

'A journey of a thousand miles begins with a single step'

BEC 68 (8/20/12), 78 (2/28/13)
AUD 77 (4/2/13)
FAR 69 (5/30/13) 77 (11/15/13)
REG (10/12/13)

Rogers CPA Review, Wiley Test Bank

[FTZ]

Two areas of FAR that were not extensively covered in college for me were Statements of Cash Flows as well as International Accounting. For SCF, I need to force myself to learn old school – no notes and MCQ (only) when the stuff isn't in my head to begin with – gotta build it from he ground up with the textbook. For IFRS, I feel snakebit, like I just need to resign myself to losing points here.

For Audit, I had to go old school for sampling and just know that I wouldn't ace the IT stuff. I guess that's the way to attack my FAR weaknesses. Good luck to all of us!

B: 77 (LC), 75
A: 63,74,88
R: 60,67,80
F: 71,74,74 again, and 86 - DONE!

Ethics and application - done.

Licensed in VA - 07/03/2014

[Anonymous]

@FTZ

How long has it been since you graduated? My MACC program (Class of 2012) had a class on IFRS.

[FTZ]

I finished my ACCT BBA 2 years ago – which took me well over 150 credits in undergrad work since I already had ~125 in MGT Related class work. To be fair, there was an INTL ACCT class available that I chose not to take as an elective – I took an extra tax class instead. I robbed FAR to pay REG I guess.

They may have permitted business majors to take INTL ACCT instead of INTL MGT and have it count toward the business core????

B: 77 (LC), 75
A: 63,74,88
R: 60,67,80
F: 71,74,74 again, and 86 - DONE!

Ethics and application - done.

Licensed in VA - 07/03/2014

[Anonymous]

4/4 financial classes in undergrad were worthless. My second intermediate accounting class did, oddly enough, focus intently on SoCF. I feel like I know how to put together a SoCF at this point better than an Income Statement.

[Author]

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