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getcpa
Newbie
Newbie

Joined: 03 Jun 2008
Online Status: Offline
Posts: 33

Posted: 22 Aug 2009 at 07:27 \| IP Logged

I've finally made the commitment to take FAR first. I'm
using Wiley 2008 book and gleim software. So far my
biggest challenge is figuring out the study plan that works
for me. This is what I'm trying, tell me what you think
1. read the chapter
2. re-read the chapter and take notes
3. answer questions in the book (1/4th)
4. answer questions using gleim

I'm open to ideas. Thanks

Zeratul
Major Contributor

Joined: 11 Jun 2009
Online Status: Offline
Posts: 987

Posted: 22 Aug 2009 at 08:25 \| IP Logged

First and foremost I hope you're aware of SFAS 141R. If you're studying Wiley 2008 you're studying the purchase method of consolidating financial statements. However all business combinations for which the acquisition date is December 15, 2008 or later now must use the acquisition method. The acquisition method does not depart too far from the purchase method, but it's different enough that you'll want to be looking over it. Besides, Wiley 2009 FAR is only $40 on Amazon. You're not really doing yourself any favors studying Wiley 2008.
Or maybe your gleim is current. If it isn't, I would advise you to purchase Wiley 2009.

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