FAR 2018 changes

  • Creator
    Topic
  • #1639433
    Lamis
    Participant

    hi everybody,
    I just started studying for FAR with Becker, he didn’t mention anything about the 2018 changes ,and I have no clue ,I was planing to write the exam on Jan….
    What do u recommend me doing?

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    BEC - 77
    FAR - 79
    REG - 82
    It's not gonna be easy, but it's gonna be worth it!

     

Viewing 10 replies - 1 through 10 (of 10 total)
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  • #1639471
    jeff
    Keymaster

    There are 3 types of changes happening – none of which you should be materially worried about.

    1) new pronouncements tested – happens twice a year – no big deal

    2) changes to the blueprint – here they are: https://www.aicpa.org/BecomeACPA/CPAExam/ExaminationContent/DownloadableDocuments/cpa-exam-blueprints-20180101-summary-changes.pdf

    No big deal.

    3) Changes to the exam UI – the way the exam looks – concepts tested are the same – no big deal.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #1639556
    Lamis
    Participant

    thanks jeff 🙂

    AUD - 83
    BEC - 77
    FAR - 79
    REG - 82
    It's not gonna be easy, but it's gonna be worth it!

     

    #1647203
    IMcos
    Participant

    Hi Jeff. I'm using an older version of Becker material-2014 edition-.Are they major changes that I need to worry about for the FAR exam.I'm planning to take the test in February-18.

    im
    #1647550
    Lamis
    Participant

    “Revenue Recognition” will be the major change in FAR content , I sent an email to Becker regarding this , they advised me to switch versions once it becomes available Which will be in November because it's a substantial part of the FAR exam & its tested at the application and analysis level.

    AUD - 83
    BEC - 77
    FAR - 79
    REG - 82
    It's not gonna be easy, but it's gonna be worth it!

     

    #1647584

    Basically, we're talking about this “Revenue Recognition”:
    https://www.fasb.org/jsp/FASB/FASBContent_C/CompletedProjectPage&cid=1175805486538
    https://www.fasb.org/jsp/FASB/Page/ImageBridgePage&cid=1176169257359#section_7

    Also, watched Mr. T. Gearty's entertaining videos:

    Have fun watching fellow 2017/2018 CPA candidates.

    AUD - 49
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 55
    Passed: AUD (75%'08/77%'17), REG (76%'09) & BLaw(77%'99); highest on FAR (63%'11/'15) & BEC (63%'11). Credit Hours: USA(PH)-BCom'85(4yr-grandfathered); UBC-(DAP'02/'19); DC-(BBA-Acctg.'22-4th yr)=over 150 hrs credits
    #1657655
    Hitz
    Participant

    Dear Lamis,

    Can you please provide me with the list of changes in FAR in Becker Materials and by when the Desktop version will be updated automatically??
    Till now the online version is not updated with the changes ??

    Can you please throw some light

    #1657661
    Lamis
    Participant

    b

    AUD - 83
    BEC - 77
    FAR - 79
    REG - 82
    It's not gonna be easy, but it's gonna be worth it!

     

    #1657664
    Lamis
    Participant

    Dear,
    the changes are F1 : M3 & M4
    F4 : M1
    F7 : M1 & M2
    F8 : M3 M6
    You can study the rest till they update it, hopefully by the end of this month
    Good luck

    AUD - 83
    BEC - 77
    FAR - 79
    REG - 82
    It's not gonna be easy, but it's gonna be worth it!

     

    #1657757
    Hitz
    Participant

    Thank u Lamis.

    #1660169
    Lamis
    Participant

    All becker students,
    The new version is out 😉

    AUD - 83
    BEC - 77
    FAR - 79
    REG - 82
    It's not gonna be easy, but it's gonna be worth it!

     

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