[tmturner74]

Is it ok to start a FAR Study Group? I retook Audit yesterday and although I don’t have a gut feeling either way if I passed or not, I am going to start on FAR. I am using Becker self-study and purchased the Ninja Notes for FAR.

I am looking forward to reading a/b everyone’s progression. Good Luck!

 

Aud- 11/28/12 (72), 02/27/13 (72), 04/06/2013 77!!
FAR-tbd
BEC-tbd
REG-tbd

[HustlinHustlin]

@williteverend

https://whatshouldwecallme.tumblr.com/post/45137609513/whenever-i-sit-down-to-take-an-exam

EXACTLY.

B 71 - 79 EXPIRED
A 69 - 75 EXPIRED
R 65 - 48 - 45
F 56 - 61 - 65 - 64

Becker, Wiley Test Bank, Wiley Text and Ninja Notes

"The fish who keeps on swimming is the first to chill upstream" -311

Experience - Done, like WAAAY done.
Still need 30 more credits, in basket weaving (gotta love new CA requirements)

[Anonymous]

@nashville79, I haven't taken FAR yet but I would say try to shoot for 1.5 to 2 hours for SIMs.

[Anonymous]

@nashville79, I haven't taken FAR yet but I would say try to shoot for 1.5 to 2 hours for SIMs.

[Anonymous]

@HustlinHustlin……..Exactly to a T….account (womp womp……)

[Anonymous]

@HustlinHustlin……..Exactly to a T….account (womp womp……)

[Anonymous]

One more lecture left…..one more lecture left…..

https://media.tumblr.com/5cf1858a28fdbd8fa6845856e6fc6395/tumblr_inline_mgl277zank1qc9lhz.gif

[Anonymous]

One more lecture left…..one more lecture left…..

https://media.tumblr.com/5cf1858a28fdbd8fa6845856e6fc6395/tumblr_inline_mgl277zank1qc9lhz.gif

[Anonymous]

@futile – Wowww great going…85% without having physical books. Amazing work!!! I think, you are not futile…. :0

[Anonymous]

@futile – Wowww great going…85% without having physical books. Amazing work!!! I think, you are not futile…. :0

[Anonymous]

Guys Can Someone Explain Non Monetary Exchange / Commercial Substance / Gain Scenario / Boot In / Boot Out / FMV Known and Unknown.

[Anonymous]

Guys Can Someone Explain Non Monetary Exchange / Commercial Substance / Gain Scenario / Boot In / Boot Out / FMV Known and Unknown.

[Anonymous]

@ 1bentcpa:

Non-monetary assets exchanged, cash flows are significantly different => then it has commercial substance and gain/ loss can be recorded @ FV.

If Non-monetary assets exchanged, cash flows are NOT significantly different => then it LACKS commercial substance and gain/ loss can be recorded @ the amount of non-monetary asset relinquished.

It involves “significant” boot, defined as 25% or more of the FV of the exchange, are deemed to be monetary. Indeed, both parties should record these exchanges at FV and recognize all gains or losses accordingly.

Please correct me, If am wrong.

[Anonymous]

@ 1bentcpa:

Non-monetary assets exchanged, cash flows are significantly different => then it has commercial substance and gain/ loss can be recorded @ FV.

If Non-monetary assets exchanged, cash flows are NOT significantly different => then it LACKS commercial substance and gain/ loss can be recorded @ the amount of non-monetary asset relinquished.

It involves “significant” boot, defined as 25% or more of the FV of the exchange, are deemed to be monetary. Indeed, both parties should record these exchanges at FV and recognize all gains or losses accordingly.

Please correct me, If am wrong.

[Anonymous]

@CalCPa – Thanks. That is what I am reading. My question was more on approach to Basis calculation in different scenarios. I got it last night though 🙂 – will re-post a bit later though.

[Anonymous]

@CalCPa – Thanks. That is what I am reading. My question was more on approach to Basis calculation in different scenarios. I got it last night though 🙂 – will re-post a bit later though.

[Author]

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