Deferred Taxes – FAR Exam

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    Topic
  • #2745729
    Biff Tannen
    Participant

    Is deferred taxes heavily tested on the actual exam? I feel like I’ve been studying this topic for hours, and I cannot wrap my head around it. I’m scoring in the 50’s in the Becker MCQ’s, but I’m not sure if its something I should keep spinning my wheels on, or if I should just move on and forget about it until final review week. From what I hear, governmental and NFP, bonds, pensions, and leases are heavy on the actual exam. Can anyone confirm if deferred taxes/income taxes showed up on your exam? Thx

    AUD - 78
    BEC - 84
    FAR - 79
    REG - 85
    “An investment in knowledge pays the best dividends” - Benjamin Franklin
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  • #2745732
    AndreA
    Participant

    I don't think it's heavily tested, but I would not skip any topics. Make sure you understand at list the basics.

    FAR - 73, 78 (WileyCPAexcel 3,000+ MCQs, 50 SIMs)
    AUD - 73, 81 (WileyCPAexcel 3,000+ MCQs, 40 SIMs)
    BEC - 71, 71, 74, 84 (WileyCPAexcel 3,000+ MCQs, 10 SIMs)
    REG - 84 (WileyCPAexcel 2,000 MCQs, 15 SIMs)

    CA Ethics Exam - 94%

    NEVER GIVE UP.

    #2745753
    Nbmorty
    Participant

    Showed on mine, (last testlet, one on these that i did in last minutes i dont even remeber how i answered).
    The concept is easy but they used a vague language, they called it (temporary deductible deference ) whish is a deferred tax asset, and (temporary taxable difference) which is a deferred tax liability basically.
    These terms are present in the codification i checked, so they are legit terms.
    Look becker and Others do a bad job explaining it, search instead for a guy named (Edspira) on YouTube he does a wonderful job explaining this topic, you would see for yourself how easy and basic the topic really is, if i had this type of question while fully relaxed at home i would have had aced it, but i dont even remeber how i did! Thats why i hate myself.

    P.s. I hope i am not violating the NDA agreement, as this topic was in a previous aicpa practice exam+ I didn't tell you is it a sim or mcq will leave that up to you 😉
    Good luck.

    #2745939
    CPAHOPE
    Participant

    Watch Edspira on YouTube. He explains them very well

    AUD - 78
    BEC - 76
    FAR - 80
    REG - 77
    FAR 80

    REG 79*,77

    AUD 78!!Final

    BEC 76

    "Theres no limit unless you allow it"

    *expired

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