[jeff]

SO I know every test is different but does anyone have any insight on what has been heavily tested recently? I take the exam Monday and I need to narrow my focus….Thanks!

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Anonymous]

@CPAHopeful Which review course did you use and are you scheduled to take the test yet?

[Anonymous]

I am using Roger and I am not yet scheduled but want to do it on October 2nd or 3rd.

[Anonymous]

Oh awesome! I'm using Roger as well. I'm using his 9 month study plan. I am hoping to schedule in November. How far along are you in the program?

[Anonymous]

Hi Ya,

I have got bachelors in commerce and post baccalaureate in marketing as my study background. Wish to pass CPA. Try to put extra efforts but fail.

AUD- 42 Wiley Only

BEC- 65 Wiley, Becker, CPA Review for free.com

FAR- Studying – planning in oct

REG- Yet to start

Using Becker (Notes only), Wiley- MCQs and NINIJA 10-Point Combo

Please suggest the way out.

[Anonymous]

I'm just finishing over and writing notes on the section I have yet to go over. After Friday or Saturday, I will review for next 25 or so says before my exam. I changed up my studying for this exam by adding Ninja MCQ, and writing my own notes. Hopefully it works.

[Anonymous]

can anyone help me $olve Accruals and Deferrals?

[Anonymous]

Sure, so say $10,000 worth of expense relating to salaries has been incurred but not yet paid. The first JE would be :

DR. Expense

CR. Salaries Payable

And then after you pay the salaries:

DR. Salaries Payable

CR Cash

So the first entry is made to increase accounts payable which is a liability account. So once you pay the salaries, AP decreases by being debited, and cash also decreases by being credited.

For the next example lets say you get cash that has not been earned yet.

DR. Cash

CR. Unearned Revenue

Then when you earn the revenue

DR. Unearned Revenue

CR. Revenue

Unearned revenue is a liability account so it increased at original entry, but decreases once you earn it. Hopefully that helps.

[Melans]

@CPADream2014 – If I understand your question, this is an example. Say a company makes $100,000 for the year and pays dividends of $150,000. That is dividends in excess of earnings. They used retained earnings to pay dividends, in excess of CY earnings.

AUD 7/30/12 73; 12/2/13 85
BEC 7/19/13 81
REG 8/2/14 83
FAR - Jan 2015

[Anonymous]

@cpa hopeful… Thank u so much.

I understood that.

But m still not in a position to solve wiley ques after learning the basics.

[CPA soon]

Accrual=No cash inflow/outflow but earned/incurred

Deferral=Cash inflow/outlow but not earned/incurred

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[Anonymous]

EktaSingh, first thing to do is understand all the accounts and how they work. So try to get down payables, unearned revenue, expense, ect. Just know payables and unearned revenues are liability accounts so they increase when credited. Expense increases when debited, and revenue increases when credited. Also, if you receive cash, you know that is an asset account and it increases when debited. This was all a huge problem for me in the prior tests.

[Anonymous]

Can someone explain to me how the payroll expenses work?

[Anonymous]

@cpa hopeful… will definitely try like that.

thank u 🙂

[Peterman25]

I'm another Roger user. I just got done with all of the lectures last weekend. I'm going back now and doing the homework problems to “learn again”. Roger is a good instructor that makes you giggle. He's so goofy that I'm pretty sure that I laugh at just about every lecture. Additionally I have the full NINJA program to supplement. I am testing on 10/13.

And to those that are barely through the material and mentioned how overwhelmed they were/are…You will continue to think and say that after just about every section. I did. How can you be tested and expected to know so much material?!? You just have to roll with it and hope for the best. That you retain just enough to pass.

BEC 7/14 - PASS
FAR 10/14 - PASS
AUD 1/15 - PASS
REG 4/15 - PASS

AZ license - Official 8/20/2015

[Anonymous]

Hi guys,

Another quick studying question. I have finished all the lectures, and did all my intense notes (following the NINJA framework. Becker supplementing with Ninja notes/audio/MCQ).

Today was my first day doing MCQs, and I have exactly 5 weeks till test day. My question is should I be running through the MCQs in order, ie, all the Becker F1 hw, then F2, etc? It seems like I'll forget all the earlier MCQs by the time the test rolls around. I guess this is what the review period is for, but should I jump around at all in the hw instead of going through each ch in order?

On that note, how long should I leave for a final review/how long should I take to go through all the Becker MCQ hw, knowing I still have Ninja MCQ and Becker final reviews to go through? Is three weeks for Becker hw and then two weeks for final review a good plan?

Thanks group!

[Author]

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