Ericia's Page

Sorry, I haven't been on my page for a while.

Hopefully..I can help friends here..who are trying to pass FAR
I used both Yaeger and Becker..so I use combination of both..must know topics.
Chapter 1. multiple/single income statement(write down many times)

chapter 2
-Long term construction contracts
-installment sales
-NONMONETARY EXCHANGE
-partnership
-INDIVIDUAL FOREIGN TRANSACTIONS

Chapter 3
-equity method (JE)
-BUSINESS COMBINATION ACCOUNTED FOR AS AN ACQUISITION
(CAR-IN-BIG)
-INTERCOMPANY TRANSACTION

chapter 4
-DISCOUNTING A NOTE AT A BANK
-KNOW HOW TO COMPUTE INVENTORY VALUATIO
(page 209 in wiley book simulation 10 ..good practice question for this)

chaper 5
-rental agreement
-BOUND AMORTIZATION TABLE
(both discount and premium..know to creat table&JE..wiley book has a great practice questions)
-convertible bond
-TRANSFER OF ASSET/EQUITY
-DEBT SETTLEMENT
-CONVERTIBLE NOTE

chapter 6
-KNOW HOW TO CALCULATE PENSION COST
chapter 7
-CASH FLOW BOTH INDECT AND INDIRECT
chapter 8
JE GOVERMENT FUNDS
chapter 9
-KNOW RECONCILATION OF GOVERMENT FUND

Note.
-Wiley book sims ..in my opinion very close to real sims.
-Practice research questions(Look for keyword )..if you can get both 2 right..you need only 2 more tabs..another 3 tabs even you half guess,you will pass!..do not forget to practice research question from GOV and Non-Profit topics too..they are strange,
-leave atleast hour and half for sims.
-Practice many Multiple choice questions as you can
-TAKE COUPLE DEEP BREATH BEFORE exams
-GINKGO haha I took this too.I feel like I forget thing too fast(supposely promotes healthy Brain function)
-DEACTIVATE YOUR FACEHOOK..if you like to check it too often

Good luck friends! You will be CPAs… do not give up!

I was weaker in Business Law & Individuals. Stronger in Ethics and comparable in all other sections. I actually don't even recall that many BLaw questions on the exam but I guess I need to focus on it a little more. I am almost through all the material again (should be done by Monday) which leaves a month for me to drill the MCQ's until I am BLUE in the face. Thanks for the advice.