How to know when to enter negative numbers in a SIM

  • Creator
    Topic
  • #1659677
    Katie
    Participant

    I get so confused on whether or not to enter numbers as negatives on SIMS. While doing my final review for FAR, I had a SIM ask me to enter values as they would appear on the statement of retained earnings, and I got all of them wrong because I entered them all as negatives (They were dividend and PPA transactions that would appear as negative numbers in a statement of RE). Will a SIM always clearly tell you if you if you need to enter negative numbers where appropriate?

    AUD - 91

    BEC - 4/21/18

    FAR - 90

    REG - 80

Viewing 3 replies - 1 through 3 (of 3 total)
  • Author
    Replies
  • #1659680
    Lentilcounter
    Participant

    @Katie

    Yes. The instructions on a SIM are usually detailed enough to tell you how to enter the numbers.

    BEC = 79

    AUD = 79

    FAR = 84

    REG = 86

    Prayer + AICPA blueprints = my success

    BEC = 72 (6/08/16)
    FAR = ?
    REG = ?
    AUD = ?

    #1659683
    Katie
    Participant

    Thank you! So if I don't see specific instructions telling me to enter negative numbers, I should always go positive? Sometimes I feel like Becker is inconsistent so I get confused…

    That could just be in my head though! Trying to blame Becker to make myself feel better haha.

    AUD - 91

    BEC - 4/21/18

    FAR - 90

    REG - 80

    #1659694
    Lentilcounter
    Participant

    If you don't see specific instructions, I think you will be able to infer what to do from how the problem is setup. For example, something will seem off or not balance. Hope that helps.

    BEC = 79

    AUD = 79

    FAR = 84

    REG = 86

    Prayer + AICPA blueprints = my success

    BEC = 72 (6/08/16)
    FAR = ?
    REG = ?
    AUD = ?

Viewing 3 replies - 1 through 3 (of 3 total)
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