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micky201314
Major Contributor

Joined: 11 Oct 2009
Online Status: Offline
Posts: 396

Posted: 04 Jan 2010 at 00:03 \| IP Logged

Hello, everyone. I am new to this FAR forum. I just passed REG and BEC and took AUD on Jan. 2. Now I am studying FAR.

My study material is Wiley 2009 and my FAR exam is going to be on Feb. 27, 2010. Is there any update information that I need to know for the exam since Jan. 2009? I am concerning my study material is too old because there are maybe some new standards that will be on the test.

Thanks in advance.

__________________
REG-Finished Good 92
BEC-Finished Good 90
AUD-Finished Good 84
FAR-Finished Good 91

joecjr
Major Contributor

Joined: 10 Oct 2009
Location: United States
Online Status: Offline
Posts: 974

Posted: 04 Jan 2010 at 09:34 \| IP Logged

you need to know that SFAS 141R replaced SFAS 141 post July 1, 2009. The Wiley book has a section just on 141R to review. I was told also that the 2009 Wiley book is good through the first testing window of 2010.

__________________
FAR [83] 1109 Yaeger
AUD [90] 0510 Roger CPA
BEC [76] 0810 Yaeger/Gleim
REG [80] 1110 Yaeger
Done 12/16/2010
1year & 4months

Philadelphia, PA
joey_cjr@yahoo.com

Zeratul
Major Contributor

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

Posted: 04 Jan 2010 at 09:48 \| IP Logged

I think the major changes to the CPA are not going to be made until 2011. I would be surprised if there were any major differences between Wiley 2009 and 2010.

studyfreak
Major Contributor

Joined: 26 Sep 2009
Location: United States
Online Status: Offline
Posts: 481

Posted: 04 Jan 2010 at 13:25 \| IP Logged

I am taking FAR this Saturday. Most of the material will be the same, except for SFAS 141R. Cindy from Yaegar mentioned on the DVD's that there could be a change to diluted earnings per share, but I can't confirm that there actually is a change (at least I hope not).

The other thing to note is that you now must prepare for governmental and non-profit simulations on the exam, but the 2009 Wiley book does not contain any simulations on these topics, as this was a recent change.

__________________
REG - 91 - Gleim
FAR - 92 - Yaeger/Wiley
BEC - 83 - Yaeger/Wiley
AUD - 96 - Wiley/Gleim CD
Actively Licensed CPA - Michigan

micky201314
Major Contributor

Joined: 11 Oct 2009
Online Status: Offline
Posts: 396

Posted: 04 Jan 2010 at 13:44 \| IP Logged

Thank you all for the valuable inputs.

governmental and non-profit simulations on the exam? um.... sims must be hard....

__________________
REG-Finished Good 92
BEC-Finished Good 90
AUD-Finished Good 84
FAR-Finished Good 91

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