Deferred Taxes – FAR Exam

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    LIFO The Party
    LIFO The Party

    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: TBD

    REG: TBD


    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,




    "Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what makes it great."




    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.



    Watch Edspira on YouTube. He explains them very well

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 79


    REG 79



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