Got my reg exam on monday;  

I get confused with those question that asked what is included or excluded from M1 reconciliation.

Is there a method in determing how quickly recognize what is included and what is not. 

This is a general question, I don't have a problem in particular for example.

Thanks

Hi Insightful- I work in tax so I've been preparing a lot of returns lately.  The M-1 reconciliation is where you put all the adjustments that make up the difference between book and tax income (such as depreciation, life insurance premiums for executives, and meals & entertainment).  I would say as a general rule you include any adjustment that makes the book and tax incomes different.

Things that aren't included- items of income and expense that are treated the same between the financial statements and tax return.

cekpet08 thanks for the input, I worked the becker sim for corp and it help me with the concepts.  Its sometimes confusing how its asked in some questions, i guess that why it is duly noted that practicing answering the MCQs is a skill in inself.