Granted, I've just started studying, but I am a little concerned that I might be putting too much faith in using the 10-point combo as my only study source. This is based on the fact that, so far, it seems that multiple choice questions placed throughout a chapter may not exactly relate to the material you read up to that point.
For example, on page 14 of the conceptual framework and financial statement presentation book, a question lists the balances of a certain accounts and asks you what should be reported as comprehensive income. The answer states that Comprehensive Income = Net Income + Other Comprehensive Income. The thing is, no where in text leading up to that point does it mention anything about Other Comprehensive Income. In fact, the only thing it mentions about Comprehensive Income at all is:
“Comprehensive income is the change in equity (net assets) of an enterprise, during a period, from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period, except those resulting from investments by owners and distributions to owners.”
So, let's say you're studying for the CPA for the first time and get to that question. Nothing you read will help you answer that question correctly. Furthermore, I did a quick scan through the rest of the chapter and the components of Comprehensive Income aren't listed until page 31 (17 pages later) and the components of OCI are only listed in the answer to another question following that.
Maybe I'm just being nitpicky, but I think the in-book MCQ's should test your reading of the material up to that point, and not ask you questions on topics you haven't read yet. It just ends up frustrating you and shots down your confidence.
Hopefully things will get better as I progress.
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