Comments on: FAS 141 Revised Now Fair Game on CPA Exam

By: ANONYMOUS

ANONYMOUS — Fri, 13 Nov 2009 14:59:21 +0000

I AM TAKING FAR IN JANUARY 2010. DO I HAVE TO WORRY AT ALL ABOUT THE OLD METHOD STILL OR CAN I JUST FOCUS ON THE AQUISITION METHOD??

By: Nichole984

Nichole984 — Tue, 18 Aug 2009 01:39:32 +0000

Thanks that will save me some precious study time!

By: jeff @ another71.com

jeff @ another71.com — Tue, 18 Aug 2009 00:21:32 +0000

I would just be familiar with the old way…focus on 141R and be ready to do
a sim on it.

By: Nichole984

Nichole984 — Mon, 17 Aug 2009 23:39:32 +0000

Thanks that will save me some precious study time!

By: jeff @ another71.com

jeff @ another71.com — Mon, 17 Aug 2009 22:21:32 +0000

I would just be familiar with the old way…focus on 141R and be ready to do
a sim on it.

By: Nichole984

Nichole984 — Mon, 17 Aug 2009 21:38:49 +0000

If I'm taking FAR in Oct. do you still think I will need to know the Old 141? Or should I just study 141R?

By: Name

Name — Tue, 28 Jul 2009 13:23:09 +0000

I had no idea they were changing this. I am using 2008 Becker still, and am taking FAR for the 4th time on Friday. I got a 74 in May becuase I had no idea hoe to do the consolidation simulation. Obviously I spent a lot of time learning it now. I guess the best I can do is watch the videos since there isnt enough time to order the Yaeger update! I really wish I had checked this site sooner.

By: jeff @ another71.com

jeff @ another71.com — Wed, 22 Jul 2009 17:05:03 +0000

I appreciate that, Adrienne. Truce accepted for sure.

Take care,

-Jeff

By: Jr Deputy Accountant

Jr Deputy Accountant — Wed, 22 Jul 2009 16:53:54 +0000

I think the issue is that the AICPA doesn't want to admit "human error" is even a possibility. Sorry, Jeff, didn't mean to make it seem like I was trying to discredit you - I think what you do is awesome and love that you're able to offer a wealth of information to exam candidates. If I appeared to attempt to discredit you in the past I sincerely apologize at that was certainly never my intention. I believe I've complimented you before for the work you do? That's not snark, that's a genuine thank you. You help people at a critical point in their lives with expertise and guidance, and if nothing else, sometimes candidates just need to know that they aren't alone and you offer them that sense - all professional affiliations aside, I think that is pretty awesome of you.

So as I said, we talked to the AICPA and they will not admit one way or another that "human error" is even likely, which is sort of understandable, especially considering the fact that they have not allowed a single rescore in quite some time.

I think the fact remains we still don't know. As Phil can attest to, one AICPA staff member will say one thing while another will say something completely different. The secrecy is frustrating to say the least because we're all just trying to present the correct information, right?

Anyway. Consider this me waving the white flag, Jeff, I respect you for what you do and always have, whether or not that has always come across.

Adrienne

By: jeff @ another71.com

jeff @ another71.com — Fri, 17 Jul 2009 19:22:43 +0000

If you're going to try to discredit one of my articles (again), you have to come with stronger stuff than “I can't imagine…”

Phil talked to the AICPA…and that is what they told him.

-Jeff