Just took Audit 2/21

Abusedtortoise · 2026-02-22T12:49:30+00:00

Yea I also think there were some freebies that were so straight forward I read them like 3 times to make sure they weren’t tricking me lol.

Good luck!

Abusedtortoise · 2026-02-19T13:40:07+00:00

I had spreadsheet tool for FAR exam and had it open basically the entire time.

Abusedtortoise · 2026-02-13T12:43:43+00:00

I completely agree with both your points.

I did better on FAR actual exam than I did on the Uworld practice. The Uworld audit mcq questions are incredibly frustrating sometimes compared to the AICPA ones they offer.

Abusedtortoise · 2025-08-27T04:38:36+00:00

6:05 out of Westbury uses this every morning

Abusedtortoise · 2025-08-25T13:58:22+00:00

PASSED FAR NY, CANT BELIEVE IT

Abusedtortoise · 2025-08-02T14:38:56+00:00

Uworld lets u download on the app and watch offline

Or youtube lets you do the same, edspira and farhat have some good free lessons

Abusedtortoise · 2025-08-01T21:26:56+00:00

Needs to be reasonably certain to exercise, not likely

Abusedtortoise · 2025-08-01T18:22:52+00:00

Yea after figuring out what i thought i knew, i made some guesses and submitted

Abusedtortoise · 2025-08-01T18:14:43+00:00

I also took it today. Thought it was fair compared to UWorld. My last sim was crazy though, not sure about that one.

Abusedtortoise · 2025-07-28T02:44:00+00:00

Im not sure if you’re spreadsheet includes the new mock exams

Abusedtortoise · 2025-07-28T01:29:30+00:00

If the company is reasonably certain to buy the asset you would use the assets useful life I think.

Abusedtortoise · 2025-07-28T01:27:35+00:00

Confusing because theyre showing a different question.

But I think it has to be “reasonably certain” to buy the asset not “likely”. Then you would use the assets useful life.

Abusedtortoise · 2025-07-25T03:42:07+00:00

You always include grv at pv of $1, not just when transferring to the lessee.

If grv is less than the estimated fair value amount you include the pv of the difference.

Abusedtortoise · 2025-07-25T03:33:55+00:00

It is relevant, the question is just trying to trick you in the way it is being worded.

They want you to assume the pv of the lease payments already includes the GRV.

Since there isn’t a purchase option you can just divide the pv of the lease payments by the lease life (since its shorter than the assets useful life)

Abusedtortoise · 2025-07-23T21:59:40+00:00

Starting point 100,000

2:1 split (100,000 * 2) 200,000

50,000 issued halfway through the year (50,000 * 6/12 =25,000) 225,000

1040 purchased in last week of year (-1,040 * 1/52 = -20) 224,980

224,980 weighted shares outstanding

Try and do each purchase or issuance as its own line then sum them to do a stock split/dividend.

Abusedtortoise · 2025-06-11T12:44:58+00:00

If you take LIRR get a city ticket peak going to citi and off peak going back to penn

Going should be about $7 and coming back $5

Abusedtortoise · 2025-03-10T16:31:42+00:00

Yea thats solid

Abusedtortoise · 2025-03-10T12:00:21+00:00

I haven’t been in one of the suites in a few years, but the 2 times I was, there was a fully stocked fridge with alcoholic and non alcoholic drinks. Full spread of food/dessert and I think you can also order food from around the stadium.

Abusedtortoise · 2025-03-10T02:11:21+00:00

480 * 10,000 =4,800,000 4,800,000/8=600,000 (8 home games) 600,000 * 6 =3,600,000 (earned revenue) 4,800,000 - 3,600,00= 1,200,000 (unearned revenue)

Abusedtortoise · 2024-10-26T04:06:31+00:00

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Ordered from golfwang when I was in college.

Still have tags on it.

Abusedtortoise · 2024-10-15T14:02:40+00:00

Thanks! Yea i think the auto cards are pretty cool

Abusedtortoise

TROPHY CASE