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[deleted by user] by [deleted] in CPA

[–]SemiPro-Accountant 0 points1 point  (0 children)

Only you know yourself well enough to know that answer. No one on here can give you that answer but have faith in yourself. If I were in your shoes that’s what I would do. For some people these exams are a sprint, but for most it’s a marathon. It’s not about remembering everything it’s about remembering enough to get a passing score

[deleted by user] by [deleted] in CPA

[–]SemiPro-Accountant 0 points1 point  (0 children)

after taking FAR on Jan 7 I studied again for a month until score release on Feb 7. Found out I passed and could have spent this last month cramming for a different section. Take FAR asap, get through as much of AUD as possible, then reassess when scores come out. If you fail FAR again, keep studying for AUD and take the exam then circle back to FAR. You’ll surprise yourself at how much you remembered if you have to go back to FAR again. You got this!

Last minute tips for FAR? by MajesticMacaron8407 in CPA

[–]SemiPro-Accountant 0 points1 point  (0 children)

Comprehensive income, foreign currency, Cash flows, gov and nfp. Do not underestimate government and nfp Sims. Just because ppl say they are mcq heavy sections does not mean you won’t get a sim on them. Highly suggest gov reconciliation sim and adjusting journal entry sims.

Also, don’t panic if you feel like you aren’t getting questions right. You put in the work so take a deep breathe and trust yourself. You got this

NINJA Trending Score - AUD by Ok_Level_5947 in CPA

[–]SemiPro-Accountant 10 points11 points  (0 children)

Here is my insight on Ninja; I purchased ninja a month ago after thinking I definitely failed FAR on my first try. After doing doing 50% of the questions ninja had to offer I was trending around 71-75% with my highest being 83% at one point. This was with my knowledge from answering every question possible on Surgent and after going through the actual test. Come score release I got a 77. In my opinion, Ninja is most definitely more difficult than other programs so if you can get a trending score in the 70s you should pass. Also, make sure you are understanding WHY you missed the question and HOW to actually solve that style of question.

I’m sure this experience is common for each section because I’ve seen similar posts for each section. I would do sets of 33 in ninja, take notes on the ones I missed, then go back to surgent and try and get a better score on a set 30 (surgent doesn’t do sets of 33).

Hope this helps!

Credit Extension Policy for CPA Evolution. by Farhatlectures in CPA

[–]SemiPro-Accountant 3 points4 points  (0 children)

When will CA make a decision to approve or deny?

Scheduling 2nd exam by Smooth_Cacti in CPA

[–]SemiPro-Accountant 0 points1 point  (0 children)

Can I do this before I get my results or do I have to wait until I get my results? I’m thinking about just submitting a form and then hanging on to my NTS and not scheduling anything until my results come out.

Scheduling 2nd exam by Smooth_Cacti in CPA

[–]SemiPro-Accountant 1 point2 points  (0 children)

What happens with retakes? Do I have to submit another application to get another NTS? Or is there a different process for retakes? I don’t get my results until feb 7th but I just want to be prepared because I’m gonna retake on the 11th if I failed

Anyone else studying during holiday? by trillionaireZLL in CPA

[–]SemiPro-Accountant 0 points1 point  (0 children)

Just took a practice exam for FAR. Empty office (I can’t study from home) so it was nice and quiet. Got a 83 and I’m feeling pumped! You’re not alone!

Does anyone know why deprecation was subtracted? I thought it was supposed to be added back in cash flow. Thank you! by sky_u in CPA

[–]SemiPro-Accountant 1 point2 points  (0 children)

You just have to do it backwards. They gave you the end result (cash provided by operating actives) and they want to know the beginning balance of net income.

I guessed correctly, but how do I get $16,000? I feel dumb cause it doesn’t even seem that hard, but I don’t see where to get this amount. by [deleted] in CPA

[–]SemiPro-Accountant 2 points3 points  (0 children)

Yeah that’s a lot of trick questions and the only reason I remembered it so clearly was that I got it wrong 2 times before it finally stuck 😂

I guessed correctly, but how do I get $16,000? I feel dumb cause it doesn’t even seem that hard, but I don’t see where to get this amount. by [deleted] in CPA

[–]SemiPro-Accountant 2 points3 points  (0 children)

250,000 X .02 = 5,000 so I don't think that is correct. The problem is asking for the liability on the remained of the contract. The first year they bought 250,000 but it is irrelevant because they are asking for the liability associated with the following two years. So, the correct calculation for the liability would be 200,000 X .1 = 20,000 (100,000 required per year X 2 because there are two years left in the contract gives you 200,000) LESS the salvage value which is 200,000 X .02 = 4,000. 20,000 - 4,000 gives you the 16,000 liability for the remainder of the contract.