Joined: 20 Feb 2011 Location: United States
Online Status: Offline Posts: 69
Posted: 16 Mar 2011 at 17:24 | IP Logged
Hello,
I have questions for candidates who took their exam AFTER
2011. I will take FAR on 4/1/11.
- I am doing Becker, and ratios are put into ANCILLARY
materials. It means that it is very unlikely that ratios
will be tested on the actual exam. * Were there a lot of
questions related to ratios? If so, which ones did they
ask?(If you still remember).
- I have completely skipped the part on Business
Combinations, where we have to do elimination and
intercompany JE. Were there many questions on that as
well? I can do the calculations for goodwill. I just
freaked out when I saw simulations that were related to
elimination JE on the becker software. I dont know how to
do that.
Joined: 20 Feb 2011 Location: United States
Online Status: Offline Posts: 69
Posted: 23 Mar 2011 at 15:52 | IP Logged
Hotstuff23, I dont understand why are you posting that on
my post. I have some serious questions and concerns, and
would appreciate it if you did your marketing somewhere
else. But if you can help me with my questions, that'd be
great!
Joined: 27 Jun 2011 Location: United States
Online Status: Offline Posts: 99
Posted: 12 Nov 2011 at 16:18 | IP Logged
pratik323 wrote:
Hello,
I have questions for candidates who took their exam AFTER
2011. I will take FAR on 4/1/11.
- I am doing Becker, and ratios are put into ANCILLARY
materials. It means that it is very unlikely that ratios
will be tested on the actual exam. * Were there a lot of
questions related to ratios? If so, which ones did they
ask?(If you still remember).
- I have completely skipped the part on Business
Combinations, where we have to do elimination and
intercompany JE. Were there many questions on that as
well? I can do the calculations for goodwill. I just
freaked out when I saw simulations that were related to
elimination JE on the becker software. I dont know how to
do that.
Please help! Thanks.
I would definitely look over (and try to memorize) the
ratios listed in Becker's ancillary material. I know
these ratios are heavily tested on BEC, so if you learn
them now, you won't have to learn them later. Also, I
think the ratios are considered "easy" points by the
AICPA examiners because they are just strict formula
computations.
As for consolidations, I think you really need to read
through this section and understand the core concepts
behind the mnemonic "CAR IN BIG" if you are using Becker
software. I think the journal entries related to
consolidations are a must-know concept, and these can be
quite easily tested on the FAR exam, especially in the
simulations section.
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Topic: FAR - questions related ratios/consold.
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