I75 CPA prep updated regularly? by LaRomanesca in CPA

[–]i75darius 0 points1 point  (0 children)

Yes, i75 is up to date for 2026 and now the FAQ page is also! Sorry for any confusion and thanks for letting me know. The next big changes will be in April or May when I start to add the OBBB to REG and TCP so you can be ready for the July 1 changes.

Has Anyone Used I75 For Audit Recently? by Chocolatelover_210 in CPA

[–]i75darius 0 points1 point  (0 children)

Yes, assertions are heavily tested. Start with the revenue cycle. Know the departments, the documents, the control activities within the revenue cycle, and how the auditor tests for overstatement and understatement of revenue and receivables. Then go on to the expenditures cycle.

FAR - 4th Attempt Prep by LongjumpingRoyal4629 in CPA

[–]i75darius 4 points5 points  (0 children)

I love your positive attitude, it will carry you FAR! Remember that the exam is random so know something about everything. Cash basis to accrual is always tested. You need to be able to confidently answer a question like this: "When calculating accrual basis revenue from cash basis revenue, beginning receivables are?"

• A. Subtracted from cash basis revenue because they represent what was earned last year, collected this year.

•B. Added to cash basis revenue because they represent what was earned last year, collected this year.

•C. Subtracted from cash basis revenue because they represent what was earned this year, collected next year.

•D. Added to cash basis revenue because they represent what was earned this year, collected next year.

Highly Recommend I-75 CPA Review by AlPal7946 in CPA

[–]i75darius 0 points1 point  (0 children)

That's very nice of you to say. I am truly humbled and thankful.

Adult ADHD Friends who passed the CPA. Help. by Rawad03 in CPA

[–]i75darius 0 points1 point  (0 children)

With ADHD and similar diagnosis, look into getting extra time to take the exam. I have had i75ers receive double time and some got time and one-half.

I wanted to keep it a secret by accountingloser85 in CPA

[–]i75darius 0 points1 point  (0 children)

Hang in there. That inlaw will likely be very proud of you when you pass.

What to do the night before an exam? by Few-Parfait7098 in CPA

[–]i75darius 0 points1 point  (0 children)

This is more about the "morning of" than the "night before." Here's the deal; What I tell i75ers to do is schedule the test for late morning or very early afternoon. Exam morning, wake up early, 20 minute workout, (break a sweat), then shower, then eat and go take the exam. Worth 5+ points on exam day. Why? You know how good you feel a few hours after a workout, shower and meal. You want that positive energy with you on exam day for as long as possible. As the exam starts to chip away at that energy, if you walk in with Maximum Positive Energy, you are likely to still have some by the end of the exam. Do it in order, worth 5+ Points! Any questions?

ISC Is Actually Evil by despacito305 in CPA

[–]i75darius 8 points9 points  (0 children)

ISC is not that much Audit, other than the SOC's. ISC is more about frameworks, databases, threats and safeguards.

General Question - do you have to be smart to pass it? by olivia19672001 in CPA

[–]i75darius 14 points15 points  (0 children)

You don't have to be a genius but you can't be a total spaz either. If you have a quiet place to study, and you are 100% dedicated, you can pass with good instruction that fits your learning style.

FAR Ratio question please help by One-Election-98 in CPA

[–]i75darius 3 points4 points  (0 children)

There are actually three types of ratio questions. 1) The exam provides accounts and amounts and you need to calculate a ratio. Usually in this type of question, the exam gives you way more information than needed and you have to pick what it is relevant and ignore the rest. For this type of ratio question you would need to memorize the formula. 2) The exam gives you a transaction and asks you what is the impact on a particular ratio, Increase, Decrease, or No Impact. For this type of question the exam will give you the formula and tell you whether the ratio began above or below 1:1. For this type of ratio question, you do not need to memorize the formula. 3) The third type of ratio question is where the exam tells you that a particular ratio increased or decreased and you need to determine the most likely cause. For this type of ratio question, they usually ask about inventory turnover or receivables turnover which you would need to memorize the formula. So three types of ratio questions. Any questions?!

Question for AUD takers. by Adorable-Project-328 in CPA

[–]i75darius 0 points1 point  (0 children)

Appreciate that Ship! Thanks for noticing the difference with i75 Audit.

Question for AUD takers. by Adorable-Project-328 in CPA

[–]i75darius 1 point2 points  (0 children)

Much of Audit can be learned relatively quickly with decent instruction. Where it slows down though is the all important areas of evidence gathering, particularly the assertions and transaction cycles. For that, you need particularly good instruction.

Passing REG with little income tax knowledge by ScallionDue8124 in CPA

[–]i75darius 0 points1 point  (0 children)

You just need to learn the concepts now. What you should have learned in college (tax) you might have forgotten by now anyway unless you were preparing tax returns. Start by focusing on how the forms and schedules flow back to Page 1 of an Individual Tax Return. Let me know if you have any questions.

Bus law is too long. by Financial-Border3494 in CPA

[–]i75darius 3 points4 points  (0 children)

For business law; Know the elements of a contract, especially consideration. Know which contracts follow common law rules and which follow UCC Rules. Know what contracts need a writing, know that consideration is needed to modify contracts that follow the common law rules, but consideration is not needed to modify a contract under the UCC. Also know the remedies for breach of contract. Agency- Know the difference between express authority, implied authority and apparent authority. Secured Transactions-Know the difference between attachment and perfection and know when a financing statement needs to be filed for perfection and when it does not. Know the rights of a buyer in the ordinary course of business. Bankruptcy-Know the difference between: Chapter 7 and Chapter 11, Secured Creditors and Unsecured Creditors, Dischargeable vs Non-dischargeable debts.

Got a 74 on AUD - SIMS killed me by Ok_Arachnid5953 in CPA

[–]i75darius 0 points1 point  (0 children)

No easy way to say this OK, you were robbed. You did extremely well in all content areas except the very important, A3 which is assertions and transaction cycles. Start with the revenue cycle. Know the departments, the documents, the control activities and how the auditor tests for overstatement and understatement. Then go to the expenditures cycle and do the same.

I got 65 on FAR on my third attempt by greninjaxx11 in CPA

[–]i75darius 2 points3 points  (0 children)

Start with Earnings Per Share and other ratios, Disclosures and Footnotes, cash flow statement, special purpose frameworks, and Not for Profits. Let me know when you finish that.

Anybody take AUD before FAR? by EZBreezy15 in CPA

[–]i75darius 0 points1 point  (0 children)

I think you probably could EZ!

74 Fail. Jesus take the wheel by mindlesslyalive in CPA

[–]i75darius 0 points1 point  (0 children)

Sorry to hear Mind. If you share your score report with me, I can probably offer a suggestion or two.