[rbcpa]

I took FAR on Dec 5th and got a 65. My BEC score expires on FEB 20th and I am taking FAR on the 12th of FEB. I am still not feeling comfortable with journal entries and the material how do I learn the material well? I wont be working so any tips are appreciated. 🙂

BEC - PASSED
AUD - PASSED
REG - PASSED
FAR - PASSED

[zieba]

I was right there with you on Dec 6th and we are – for the most part – in the same boat. I got a 69, but AUD already expired for me this past Dec 31st. What concerns me now is the psychological slog of having it drag out…. and having to redo AUD and then again… and again BEC….ugh.

I like you, went over everything, I feel like I understand the material on a deeper level but “know journal entries” is still a moving target which no one has been able to define.

My biggest fear was doing the same thing expecting a different result. I incorporated NINJA notes, Wiley Test Bank and Becker summary notes. I feel that incorporated enough net things into the mix to have a different “look” at it this time around (NINJA audtio, notes, Becker summary notes, Wiley Test Bank)

I am really start to hate Becker's badly written drawn out complicated MCQ. Almost to the point where I feel redoing Becker HWK (I did chapters 1-5 already) is a waste of time. I really think hitting WTB over and over – some questions overlap anyway – is a much better way to spend ones time. Becker MCQ's are a time waster, bog one down for hours, and are not representative of the MCQ on the exam. Wiley TB is infinitely better in replicating the exam feel of MCQ's. I think those test banks are comprised only of “released 20xx” questions, and not those adapted monstrosities.

My exam is towards the end of February. My plan is to continue listening to NINJA audio and keep hitting MCQ while filling up a notebook with bits…

AUD - 75*, 88 done 5/14! (*exp)
BEC - 74 , 77
REG - 65 , 76 (10 point combooo!!)
FAR - 69 , 75

Dr: perseverance
Dr: intelligence
Dr: luck
. Cr: . advisory score

[zieba]

I was right there with you on Dec 6th and we are – for the most part – in the same boat. I got a 69, but AUD already expired for me this past Dec 31st. What concerns me now is the psychological slog of having it drag out…. and having to redo AUD and then again… and again BEC….ugh.

I like you, went over everything, I feel like I understand the material on a deeper level but “know journal entries” is still a moving target which no one has been able to define.

My biggest fear was doing the same thing expecting a different result. I incorporated NINJA notes, Wiley Test Bank and Becker summary notes. I feel that incorporated enough net things into the mix to have a different “look” at it this time around (NINJA audtio, notes, Becker summary notes, Wiley Test Bank)

I am really start to hate Becker's badly written drawn out complicated MCQ. Almost to the point where I feel redoing Becker HWK (I did chapters 1-5 already) is a waste of time. I really think hitting WTB over and over – some questions overlap anyway – is a much better way to spend ones time. Becker MCQ's are a time waster, bog one down for hours, and are not representative of the MCQ on the exam. Wiley TB is infinitely better in replicating the exam feel of MCQ's. I think those test banks are comprised only of “released 20xx” questions, and not those adapted monstrosities.

My exam is towards the end of February. My plan is to continue listening to NINJA audio and keep hitting MCQ while filling up a notebook with bits…

AUD - 75*, 88 done 5/14! (*exp)
BEC - 74 , 77
REG - 65 , 76 (10 point combooo!!)
FAR - 69 , 75

Dr: perseverance
Dr: intelligence
Dr: luck
. Cr: . advisory score

[teeteenounouche]

I found this link on A71. It has some journal entries that you can review: https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

I found this link on A71. It has some journal entries that you can review: https://www.principlesofaccounting.com/illustrative%20entries/entrieslist.htm

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[seattleacct]

Practice writing out the T-accounts. It really helped with writing journal entries, especially for the accounts that had contra accounts. I would especially practice writing t-accounts for A/R w/bad debt expense, bond transactions, royalty payments, and installment sales.

B:76
A:64, 73, 91!
R:77
F:76

CPAexcel, Wiley Test Bank, Ninja Audio & Notes

[seattleacct]

Practice writing out the T-accounts. It really helped with writing journal entries, especially for the accounts that had contra accounts. I would especially practice writing t-accounts for A/R w/bad debt expense, bond transactions, royalty payments, and installment sales.

B:76
A:64, 73, 91!
R:77
F:76

CPAexcel, Wiley Test Bank, Ninja Audio & Notes

[Anonymous]

Thanks Teetee for the link of JEs. I compiled them by copying/pasting on MS Word by Alt/PrintScreen. 26 pages legal size. I heard about the JE Encyclopedia but it's about $99. Naaahhh, I don't have a budget for that. What you shared with us on here is very helpful.

[Anonymous]

Thanks Teetee for the link of JEs. I compiled them by copying/pasting on MS Word by Alt/PrintScreen. 26 pages legal size. I heard about the JE Encyclopedia but it's about $99. Naaahhh, I don't have a budget for that. What you shared with us on here is very helpful.

[Anonymous]

Write out your journal entries for EVERY problem. Whether you need to or not, this will help tremendously. Eventually it will stick. Keep a separate notebook with just journal entries.

[Anonymous]

Write out your journal entries for EVERY problem. Whether you need to or not, this will help tremendously. Eventually it will stick. Keep a separate notebook with just journal entries.

[musicamor]

JOURNAL ENTRIES:

Debits always increase the following (normal balance: debit):

Assets

Draws (owners)

Expenses (Cost of Goods sold, SG&A, etc.)

Credits always increase the following (normal balance: credit):

Liabilities

Equity (Retained earnings, additional paid-in-capital, etc.)

Revenue

ADELER – an acronym I made up – pronounce it however you want. If you know one side of the journal entry, you automatically can infer the other since we're talking double-entry accounting.

So, if I want to reduce accrued liabilities, and I know that credits INCREASE accrued liabilities, I need to DEBIT accrued liabilities in order to reduce.

Contra accounts (accounts that are opposite the normal balance account): for example, allowance for bad debt. Although it sits in the assets section of the balance sheet, it is a contra account because it always has a CREDIT balance. Therefore, if I need to increase allowance for bad debt, I CREDIT it; the other side of the entry HAS TO BE a debit, which typically hits bad debt expense.

Texas CPA - licensed in 2012!!!

[musicamor]

JOURNAL ENTRIES:

Debits always increase the following (normal balance: debit):

Assets

Draws (owners)

Expenses (Cost of Goods sold, SG&A, etc.)

Credits always increase the following (normal balance: credit):

Liabilities

Equity (Retained earnings, additional paid-in-capital, etc.)

Revenue

ADELER – an acronym I made up – pronounce it however you want. If you know one side of the journal entry, you automatically can infer the other since we're talking double-entry accounting.

So, if I want to reduce accrued liabilities, and I know that credits INCREASE accrued liabilities, I need to DEBIT accrued liabilities in order to reduce.

Contra accounts (accounts that are opposite the normal balance account): for example, allowance for bad debt. Although it sits in the assets section of the balance sheet, it is a contra account because it always has a CREDIT balance. Therefore, if I need to increase allowance for bad debt, I CREDIT it; the other side of the entry HAS TO BE a debit, which typically hits bad debt expense.

Texas CPA - licensed in 2012!!!

[Anonymous]

@rbcpa Since you are not working, you should be able to spend a minimum of eight hours of day studying. Just keep doing the MC questions over and over and over. I agree with previous posts about writing out the journal enries. You should have time to go through each chapter of your review course book and write out any journal entry example applicable to a problem. I emphasize writing them out and not typing.

Do MC questions until you puke, clean it up and do more.

Keep studying until it is time for you to walk out the door to Prometric.

I was in a similar situation as you exactly one year ago at this time. My AUD was set to expire on 1/31/2013 and I took FAR for the third time on 1/28/2013. I passed FAR with a 75.

Hope this helps and good luck on your final exam!!

[Anonymous]

@rbcpa Since you are not working, you should be able to spend a minimum of eight hours of day studying. Just keep doing the MC questions over and over and over. I agree with previous posts about writing out the journal enries. You should have time to go through each chapter of your review course book and write out any journal entry example applicable to a problem. I emphasize writing them out and not typing.

Do MC questions until you puke, clean it up and do more.

Keep studying until it is time for you to walk out the door to Prometric.

I was in a similar situation as you exactly one year ago at this time. My AUD was set to expire on 1/31/2013 and I took FAR for the third time on 1/28/2013. I passed FAR with a 75.

Hope this helps and good luck on your final exam!!

[jeff]

Curious why you paused the capitalization for “at” … is this a secret code? 🙂

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

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

[Author]

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