[Skylar18]

Capital Leases? Pensions? Diluted EPS? Revenue Recognition? What are your thoughts on this?

[Anonymous]

I'm going with Revenue recognition. payable vs expense revenue vs income etc. Diluted EPS is just a formula. There are some good pneumonics for remember pension formulas and capital leases.

[jeff]

Consolidations

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Anonymous]

It'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.

[yanks0607]

I hated pensions and deferred taxes.

AUD - P (4/09), REG - P (5/09), BEC - P (8/09), FAR - P (11/09)

[Patrick909]

I 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.

[Schus]

I didn't like non-profit or gov. accounting, but that's mostly because I never had a class in it in college

AUD 81 - BEC 89 - FAR 82 - REG 86

[Anonymous]

For 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.

[Anonymous]

I changed my mind. I'd say consolidations also.

[Anonymous]

maybe 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

[Anonymous]

Definitely Cap Leases and Pensions for me… and then Bonds Payable ugh!

[TheAngryAcct]

Capital Lease, Bond Issuance, Pensions, and Deferred Taxes.

AUD - 89, BEC - 85, FAR - 81, REG - 91 - That's it for me, Thanks Jeff@another71 !

[Tien]

Pensions and Governmental Accounting

AUD - 95, BEC - 89, FAR - 11/09, REG - 93

[Author]

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