Capital Leases? Pensions? Diluted EPS? Revenue Recognition? What are your thoughts on this?
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Jeff - another71.com
offlineadminConsolidations
Posted 2 years ago # -
CPAWannaBe
offlineMemberIt's not just one thing in particular. It's having to remember ALL of it for one exam.
But if I had to choose one thing, I would say deferred income taxes. I pray I don't get a simulation like the one in Becker.
REG - 75 (expired, retake July 2011)
FAR - 69, 64, 67 <-Becker, 80 <-Yaeger
AUD - 82 ETHICS - 100
BEC - 72 (retake May 2011)Posted 2 years ago # -
Patrick909
offlineMemberI would say it's Consolidations, definitely. Fortunately, the chance of any one FAR exam really nailing your butt to the wall with Consolidations seems to be fairly low. The questions I received in that topic were merciful.
Second place goes to Pensions. I can deal with the simple pension problems, but too far beyond, and I really had no clue. Again, the few questions I received here showed mercy.
My particular FAR exam seemed to set up pretty well for my strengths and weaknesses. As difficult as it was, it could have been worse, I think.
Posted 2 years ago # -
dobat
offlineMemberFor me Cap leases are easy, just remember the 4 ways to identify them and always use the lesser Interest %. Revenue recog is almost common sense, what period does the revenue belong to? diluted eps is also easy its just a simple formula and include the shares from warrants/options and subtract out the interest payments that dont have to be made except for i believe pref div.
pensions are a little more difficult but just remember the formula that becker has and what increases are decreases oci and that its always net of taxes in the journal entries.
nonprofit/gov were the most annoying parts since I didnt have enuf time to study them.
nothing on far is hard/difficult rather its the mass of info you must get thru/remember when u take the exam.
FAR 11/18/09 - 81, BEC 1/9/10 - 83, AUD 5/24/10 - 92, REG 8/30/10 - 86Posted 2 years ago # -
Cowpatty
offlineMembermaybe to me the worst is being able to rearrange and apply the materials to different types of situations with varying modifications.........the material by itself is not bad at all but the way they twist and bend it all to heck on the exam is what is hard
Aud 76 Bec 76 Reg 83 Far 2/27/2010Posted 2 years ago # -
TheAngryAcct
offlineMemberCapital Lease, Bond Issuance, Pensions, and Deferred Taxes.
AUD - 89, BEC - 85, FAR - 81, REG - 91 - That's it for me, Thanks Jeff@another71 !Posted 2 years ago #
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