Posted: 29 Jul 2010 at 19:08 | IP Logged
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Thanks technicConcepts..I hope so! Actually, both times going into the exam I felt pretty good about the JE's as well...but I guess it's fair to assume, I have more a knowledge & understanding of them this time? I'm definitely a visually learner though - so for me to write out the JE's helps me understand how things are being affected.
I've never gotten asked specific questions on pension entries.. but of course I guess it's always a possiblity. I'm really hoping my luck doesn't get tested tomorrow!
Tajik4 - good call w/ the yr. end entries..there is a SIM in becker that displays a good practice of that, I'll have to review that again.
Nipson - "SIRAGE" is a neumonic from becker to help remember how to calculate pension cost. Those costs being Amortized are coming out of OCI and effecting pension cost as either decreases or increases. (i.e Amoritization of service cost, Amortization of gain/loss, Amortization of existing transition asset/liability).
__________________ AUD: 69,77(expired), 86!!!
FAR: 71,70,87
REG: 62,69,69,75
BEC: 58,74,72,86!
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