How much focus on government accounting?

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    Topic
  • #194254
    Anonymous
    Inactive

    This is my average. I feel okay in the various categories except for government accounting, which I feel lackluster. I am just wondering, how much should I focus on government accounting in the final couple of days before the exam?

    Average / Average Trending

    1 Conceptual Framework, Standards, Standard Setti… 69% 83%

    2 Financial Statement Accounts: Recognition, Meas… 58% 79%

    3 Specific Transactions, Events, and Disclosures:… 64% 81%

    4 Governmental Accounting and Reporting 55% 65%

    5 Not-for-Profit (Nongovernmental) Accounting and… 63% 77%

    Question Session Totals: 61% 77.00%

    Total question attempts: 1324

Viewing 7 replies - 1 through 7 (of 7 total)
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  • #667232
    Anonymous
    Inactive

    Governmental accounting & NFP is 20% of the exam.

    #667233
    Anonymous
    Inactive

    Your scores are looking pretty good, IMO. Governmental is obviously your weak area, which is pretty common, so I would recommend trying to find what it is with Gov't accounting that is giving you problems and try to learn it. I wouldn't necessarily neglect other areas to do so though. Learning the Gov't journal entries really helped me and can be used to help logically think through questions as well. Good luck!

    #667234
    Anonymous
    Inactive

    How do you get better at gov accounting? More MCQ?

    #667235
    Anonymous
    Inactive

    Reading the textbook and understanding the concepts helped me score no less than 85% on all governmental MCQs in Becker on first shot.

    I think governmental specifically needs more textbook than MCQs because all MCQs have very little tricks, so it's not like other topics.

    #667236
    Anonymous
    Inactive

    You absolutely cannot ignore Governmental accounting for FAR. I know it says that it can be up to 20% of the exam and I realize that every exam is different, but my attempt on 5/11 I would say was closer to 40% of government and NFP (which also included 2 SIMS on it!!!) I was so frustrated that I spent so much time making sure I had all the big points nailed (i.e. bonds, leases, pensions, etc.) only to not have one single question on them. Just goes to show you cannot really ignore or gloss over any topic. I do agree that getting the journal entries down would go a long way and would allow you to be able to rationalize through a lot of different questions. Anxiously awaiting the score release on 5/27, but don't have a good feeling about it.

    #667237
    makiu
    Participant

    @Determined _ to _ Succeed

    I will recommend you to revised the different type or reports for GVT & NFP. You MUST master this area. Also, preparing journal entries before answering the mc questions will also help. Wiley book is a good reference. Just pretend that you are a preparing a report ( outlines, etc…). try to devote at least 2 hours a day for these areas. Heavily tested. Good luck!!

    REG- Passed

    BEC- Passed

    AUD- Passed

    FAR- 4/29/2015 waiting on scores.

    #667238
    Anonymous
    Inactive

    Thanks everyone. I definitely feel more prepared for government accounting now. Though, somehow, a new concern has popped up that on the exam I might just get blindsided by a topic I barely touched on. *sigh* Such as life.

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