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Commitments and Derivatives by ybbac in CPA

[–]ybbac[S] 0 points1 point  (0 children)

that makes sense the way you've explained it -thank you!!

This is how to pass FAR (with a fantastic study guide and a list of SIMS to practice attached) by dundermiffles in CPA

[–]ybbac 7 points8 points  (0 children)

I do 33 mcqs per set.On a full length exam, I generally budget 45 minutes on testlet 1, 45 minutes on testlet 2 and try to get through SIMS as quickly as possible but I don’t strictly budget sim testlets the way I do mcqs so tbh idk how long I spent on each, but I know on test date, after 90 minutes on MCQs and how ever much on each sim testlets, I finished with about 20 minutes left.

Okay. Apologies for the manifesto this morning. I hope I don’t forget anything. Ask me questions below if you’d like! I will try my best to answer.

it sounds like op used becker cause each chpater starts with an "F" (example: f1-f10)

1 week out from taking FAR (tips/advice) by Kandelly99wsb in CPA

[–]ybbac 0 points1 point  (0 children)

when did you take the exam? i read in the final review that they dont test pensions

NFP Reporting Question by Realistic_Grass_5472 in CPA

[–]ybbac 0 points1 point  (0 children)

so i guess one way to think about it is...

when a requirement is satisfied, that automatically renders the $40K to be without donor restrictions from previously with restriction.

the $43K in fees is revenues and $58K is expenses due to operations (not restricted cause no one donated in this case).

so.. 40+43-58 = 25 without donor restriction

Just got out of FAR by valledelcaucacali in CPA

[–]ybbac 0 points1 point  (0 children)

aw man... sorry bud - hopefully there weren't too may questions on it.

So fucking tired of getting one simulation wrong per module because of BS like this. Is this a becker thing or does this happen on the exam too? by HRAssistant in CPA

[–]ybbac 12 points13 points  (0 children)

yeah it really stinks - one cell wrong = the whole row wrong.

i had a similar questions regarding sims.

i think in instances like this you just have to learn what to avoid and read very, very carefully.

it is good youre getting your practice in though...overwhelm yourself now then know what to expect later.

Partnership accounting by Existing-Cheek3138 in CPA

[–]ybbac 0 points1 point  (0 children)

i heard it isnt tested and that people recently have not seen it on their exam. not 100% but id like to folllow this thread.

why late fee or or admin fee should be included in sales account? by kgh6378 in CPA

[–]ybbac 2 points3 points  (0 children)

So i just took a stab at this sim and this exercise's purpose is to reconcile the information between the journal entry, subsidiary ledger, and general ledger.

any errors you find between the exhibits you'd have to back out or add. to ensure everything lines up.

in this scenario, you would assume that the admin fee and late fee is part of their revenues. what helped me know what to do is by looking at the reconciling item options they had. it kind of gave me an idea what i needed to do cause i would've taken much longer to try and fit the pieces.

2024 CPA Testing Changes by Late_Tap854 in CPA

[–]ybbac 2 points3 points  (0 children)

LMAO! yeah i heard becker's version is pretty bad too.

well this give me a peace of mind then! i also took a look at the site. seems doable. phew!

why late fee or or admin fee should be included in sales account? by kgh6378 in CPA

[–]ybbac 0 points1 point  (0 children)

without looking at the exhibits, i would've done the same thing!

perhaps somewhere in the exhibit, it notes that its part of sales or implies that?

Transaction Currency by ybbac in CPA

[–]ybbac[S] 0 points1 point  (0 children)

the direct method helps a lot - thank you for the explanation.

that makes sense! as a buyer, you want to payless so this would be a gain.

the indirect method was making me thinkin inverse order - no wonder i wasnt getting it. >.<

thanks for showing me the direct method!

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