This thread is for people taking the Financial Accounting and Reporting section of the CPA Exam in the October/November 2009 window.
As always, please adhere to the AICPA disclosure guidelines.
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Jeff - another71.com
offlineadminPosted 2 years ago # -
Jeff - another71.com
offlineadminIt's usually the 7th.
-Jeff
Posted 2 years ago # -
Jeff - another71.com
offlineadmin"Thanks Jeff - Your site is a great help. I hope it makes you enough money someday so you can quit your accounting job."
That makes 2 of us :)
Posted 2 years ago # -
Anna
offlineMemberExam October 30th... procrastinated a lot... now studying 6 hours a day with Yaeger and have Becker Final review scheduled for Oct. 17th.
At least, thank God for Cindy Simpson.BEC (82), AUD (86), FARE (75) => Becker 2009
REG (74),(74),(83) => Yaeger HS & AudioPosted 2 years ago # -
Mpofu
offlineMemberAnna i see you studying 6hours a day,do you work full time.I am writting 27 Oct ,FAR too.My final review 2week crash programme is scheduled to start thursday.
Aud(69,75),BEC(73,80),FAR(67,72,84),REG (65,71,79)04/01/2010 Ethics (95) (Colorado)
Licensed Certified Public Accountant (CPA)-September,2010
Licensed Certified Financial Services Auditor (CFSA)-September,2010Posted 2 years ago # -
Anna
offlineMemberNah, I'm not working at all until Dec. 7. I study when my babysitter is with children during the day on weekdays.
My goal is to actually pass all four parts before full employment, 'cause I don't think I'll be able to do it with two kiddos AND full-time job.BEC (82), AUD (86), FARE (75) => Becker 2009
REG (74),(74),(83) => Yaeger HS & AudioPosted 2 years ago # -
CPASOON-IN
offlineMemberGood choice getting it done before you start your job Anna. I have been doing this while working and it makes for a really long day working 8 hours then coming home and studying til bedtime. My poor kids. Soon they will have a mom again.
AUD-89, REG-88, BEC-86, FAR-OCT 21Posted 2 years ago # -
Anna
offlineMemberWell, listen, provided that you have kids and work... you're doing great. I would probably struggle, 'cause I can't study at evenings.
Of course, if I don't pass the Monster - I will have to do it.
ok, positive thinking, positive thinking...:)))
BEC (82), AUD (86), FARE (75) => Becker 2009
REG (74),(74),(83) => Yaeger HS & AudioPosted 2 years ago # -
TampaAccountant
offlineMemberHey Anna, I plan also to take FAR on October 30th. I finish going through all my Yeager CDs with the Wiley Book.
I took notes, but am thinking of going through the CDs and book again, too better my chances.
What are you going to do to make sure you have retained everything you've been studying?
Posted 2 years ago # -
big4luv
offlineMemberhi all...im taking fare the 25th and i heard alot of people mentioning there could be hedge accounting on the exam. now im using becker, and it really doesnt delve too deep into this area. any suggestions on what i should do to prepare? thanks for the help!
Posted 2 years ago # -
CPAPlease
offlineMemberI think the FAR exam in general doesn't go too in depth on any subject. I wouldnt' worry too much about ind epth of each topic than getting a good basic understanding of ALL the topics. Theres so much information they could spit at you from that book!
AUD: 82 BEC:78 FAR: 78 REG: 89Posted 2 years ago # -
CapitalGains
offlineMemberMy materials don't go too deep into hedging calculations either, but you should probably at least know where gains and losses from hedging activities are recorded (income from OPS, OCI, etc.) depending on the derivative instrument that they were generated from and the intent of the hedge. Also, the disclosures required of hedging activities and derivatives seems like a very testable topic. I take the exam on Oct. 20th, but I am not too worried about these topics. Besides, certain derivative and hedging calculations are beyond the scope of this exam, with a few exceptions (certain interest rate swaps, FX hedges, etc.). They aren't going to have you price a CDS, but I could see them asking you where the gain or loss goes.
Since it's a relatively new (and important) topic, I wouldn't be surprised if there were a few questions on this. At the same time, some of them might be "pretest" questions, so it could be hit or miss.
AUD: 97, FAR: 96, BEC: 93, REG: 99, Ethics: 100 (laugh)Posted 2 years ago # -
CapitalGains
offlineMemberIf you used the Spiceland, Tomassini, & Sepe textbook in your Accounting classes in college (a lot of universities use this for their intermediate courses), there is an appendix which deals with derivatives. It gives a decent interest rate swap problem. Other than that I'm not sure.
AUD: 97, FAR: 96, BEC: 93, REG: 99, Ethics: 100 (laugh)Posted 2 years ago # -
Jeff - another71.com
offlineadminYou just need to know where they're reported...no need to do calcs or anything.
My $.02
Posted 2 years ago # -
cpachick
offlineMemberTo JEFF and anyone else who can help!
Ok... so I am studying for FAR with Becker. And am feeling confident with about 85% of the material. But there are still a few subsections that no matter how many times I read them I still get the majority of the questions wrong and even when I read the explanation and try to use that logic on the next similar question I still can't figure it out!
For example two of sections I am having trouble with are Partnerships and Bonds Payable.
So my question is, do you think if I get Yaeger CRAM it will be enough to help clarify these few sections. Or will it not be detailed enough (since the sections I am have trouble with seem to the more complex ones). Or should I just get the FULL Yaeger FAR materials and just concentrate on the few sections I am having trouble with?
I am sitting for the exam in 2 weeks so I need to make a quick decision... and I know its only a few subsections I am having trouble with but I would rather spend the money and over study than to ever have to study for FAR again!
:(Posted 2 years ago # -
cpachick
offlineMemberBTW, I got the Gleim MCQ's for WINDOWS MOBILE to supplement my Becker materials! And it has EASILY added 10-20 minutes of practicing questions on to my study time a day.
When I am in a cab, or waiting for someone to meet me some where, or waiting in line some where that I can't pull out my laptop or a textbook I just start doing questions on my phone.
WHY DON'T ALL THE REVIEW COURSES OFFER SOMETHING LIKE THIS YET!
Some of the sections are hard to do with just a phone but any of the theory questions and the ones that require minimal calculation (on my smartphone calculator) are easy to do on the go. I think this will be even better when I am taking the parts that are less calculation driven.
Just wanted let everyone know since every moment counts.
Posted 2 years ago # -
Jeff - another71.com
offlineadmincpachick - get the cram over the HomeStudy since you only have 2 weeks...I would watch the entire cram...I think you'll be glad you did.
-Jeff
Posted 2 years ago #
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