Accounting Elf » FAR

Consolidation Accounting

kelkel — Tue, 02 Mar 2010 03:38:22 +0000

I’m currently taking an Advanced Accounting course at my university, which covers consolidation accounting, governmental accounting, and accounting for foreign currency exchanges.

All of these were topics on the FAR section of the CPA exam, and now that I’m learning them in depth, and seeing how confusing they are, I am ever more grateful to Roger CPA Review course for teaching me everything I needed to do so well on FAR.

I mean, I did a consolidation worksheet on my exam. And had lots of governmental accounting questions. But now that I’m learning them properly, in a focused, semester-long class, they’re so confusing!

I mean, it’s good to really learn these accounting methods in depth so I can remember them if I need them in the future, but I am really impressed at how Roger took these complex topics and gave me a simpler, condensed version that allowed me to get a 93 on FAR.

Consolidated Financial Statements I haven’t finished figuring out governmental accounting yet, but I...
Celebrating the 4th with Governmental Accounting Happy 4th of July! I’m getting close to the end...
CPA Review: Practice Exams Along with my Roger CPA preparation materials came a Wiley...

Related posts brought to you by Yet Another Related Posts Plugin.

Accounting For Investments – Quick FAR Refresher

kelkel — Sun, 28 Feb 2010 00:46:54 +0000

Luckily, I passed FAR several months ago. However, for those of you getting ready to take FAR, the Roger CPA Review course blog has a free cpa review video of how to account for investments.

If you want to get a taste for what Roger CPA Review videos are like, or just get a quick review (it’s only a five-minute clip) of how to account for investments, you can see the video here.

Looking ahead to BEC This has been an exciting week for me at work...
My first hour of REG! I had a spot of trouble when I went to...
Deferred Taxes Just finished watching the Roger CPA Review video that covered...

Related posts brought to you by Yet Another Related Posts Plugin.

Looking ahead to BEC

kelkel — Wed, 22 Jul 2009 00:17:03 +0000

This has been an exciting week for me at work so far, but pretty stressful on the CPA front. I’m going to tackle a practice exam now, but I thought this was a nice run-down of the BEC section of the exam from Roger CPA Review.

When I signed up for the CPA exam, I had no idea what to expect. After studying for the last few months, I now know what the FAR (Financial Accounting and Reporting) section covers, but I still don’t know very much about the other sections.

I like Roger‘s overview, because it’s quick, but tells me what I should expect when I start to study for that exam. I can’t wait to be done with CPA review for FAR and move on to REG!

The Hardest Section of the CPA Exam What is the hardest section of the CPA? According to...
REG Week 4 Progress Report Trying to fit in studying for the CPA exam around...
Progress Report: Week 5 This week I studied for about 12 hours. I felt...

Related posts brought to you by Yet Another Related Posts Plugin.

Progress Report: Week 5

kelkel — Fri, 19 Jun 2009 22:38:49 +0000

This week I studied for about 12 hours. I felt like I started to get through the homework a bit quicker than average this week, because I knew how to do the questions, and didn’t have to spend as much time reading the answers to figure out how I should have answered the question.

So, Krupo asked me on my last Progress Report to “add value” by explaining more about the exam. So, here are some specifics about what topics I covered in the last week.

Topics in FAR

Right now I’m studying for FAR, (Financial Accounting and Reporting), which covers what I learned in 3 semesters of “intermediate accounting” classes, as well as some topics I will not cover until next year in the “advanced accounting” class that is part of my master’s program.

This week I covered accounting for and reporting intangible assets, bonds, leases, liabilities, receivables, and pensions. I still have to do the homework problems for liabilities, receivables, and pensions, but I have reviewed the topics.

How Studying Went

I struggled with bonds when I initially tried a few homework problems, although I have always felt fairly comfortable with bonds. After watching Roger CPA‘s review video for bonds, I managed to make it through the bond homework problems with very few errors. I think an important factor in this improvement is becoming familiar with how the questions are written and the best way to approach them on the CPA exam versus how I would approach this problem in a regular class.

We’ll see how the pension questions go when I start on those. I had a very good grounding in them in Intermediate Accounting 3, but before watching the CPA review video, I probably couldn’t have remembered enough to make it through a single question. The review covers just the right amount of the topic so I think I’ll remember the steps to account for a pension when I get started on those problems.

Progress Report: Week 3 I managed to pick up the studying pace a bit...
Progress Report: Week 4 I’ve been studying for the CPA exam for a month...
Progress Report: Week 2 The exciting news from this week is that I started...

Related posts brought to you by Yet Another Related Posts Plugin.