NINJA NOTES FAR confusion…

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    Topic
  • #181696
    Anonymous
    Inactive

    I’m rewriting only a few areas I feel will most likely be tested on the exam…I’m currently rewriting the SCF section…

    according to the NINJA notes, Cash paid for the acquisition of Trading securities are included in both Operating and Investing activities…I thought they were only supposed to be included in Operating activities.

    They can’t be included in both…so???

Viewing 15 replies - 1 through 15 (of 24 total)
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  • #474338
    jeff
    Keymaster

    Depending on what the company plans on doing with them, they are usually operating, but they can be either.

    For exam purposes – just know that they could be either.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #474395
    jeff
    Keymaster

    Depending on what the company plans on doing with them, they are usually operating, but they can be either.

    For exam purposes – just know that they could be either.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #474340
    Anonymous
    Inactive

    i have another question, it says in the ninja notes that under ifrs – gaap differences: there are 2 ways to report comprehensive income under ifrs (income statement and statement of comprehensive income) but gaap allows 3. however, in my cpaexcel material, it says the reporting is the same under both as of 2012. can you clarify? thanks

    #474397
    Anonymous
    Inactive

    i have another question, it says in the ninja notes that under ifrs – gaap differences: there are 2 ways to report comprehensive income under ifrs (income statement and statement of comprehensive income) but gaap allows 3. however, in my cpaexcel material, it says the reporting is the same under both as of 2012. can you clarify? thanks

    #474342
    jeff
    Keymaster

    Can you please tell me what page that's on? I am only seeing the two methods (which is correct) for IFRS/GAAP.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #474399
    jeff
    Keymaster

    Can you please tell me what page that's on? I am only seeing the two methods (which is correct) for IFRS/GAAP.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #474344
    Anonymous
    Inactive

    its page 14.

    thanks

    #474401
    Anonymous
    Inactive

    its page 14.

    thanks

    #474346
    jeff
    Keymaster

    That's really weird – i think my server sent you an old file.

    I just emailed you the newest one.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #474403
    jeff
    Keymaster

    That's really weird – i think my server sent you an old file.

    I just emailed you the newest one.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #474348
    Anonymous
    Inactive

    thanks!

    #474405
    Anonymous
    Inactive

    thanks!

    #474350
    Anonymous
    Inactive

    My notes say the same thing on Page 14.

    #474407
    Anonymous
    Inactive

    My notes say the same thing on Page 14.

    #474352
    Anonymous
    Inactive

    i need some clarification on this:

    For EPS purposes, treat C/S stock splits or stock

    dividends as if they occurred at the beginning of the

    year, regardless of when actually issued during the

    year

    1/1: 20,000

    2-for-1 split 4/1: 20,000

    Shares issued 7/1: 10,000

    Average C/S for EPS purposes: 45,000 (20k+20k+5k)

    shouldnt the correct answer be:{[(20,000 + 20,000 (9/12)] / 2} + 10,000 (6/12)

    which equals 22,500

Viewing 15 replies - 1 through 15 (of 24 total)
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