Joined: 22 Feb 2009
Online Status: Offline Posts: 151
Posted: 22 Apr 2009 at 12:41 | IP Logged
just trying to remember everything we need to for this section and I came up with the follow to remember changes in accounting and how to account for them:
Joined: 22 Feb 2009
Online Status: Offline Posts: 151
Posted: 22 Apr 2009 at 12:51 | IP Logged
tgisgrl wrote:
That's clever. Although I have to say I did not use any of the mnemonics that Becker threw at me at the actual exam.
I haven't found them useful in any other section (only took reg) but with this one, I feel like the more I can retain, the better I will do (since it's such a huge section).
Joined: 06 Aug 2008
Online Status: Offline Posts: 51
Posted: 22 Apr 2009 at 21:24 | IP Logged
I think there are definitely some acronyms that are real lifesavers. Basically if i ever see a pension question I am always doing SIRAGE to find out the periodic pension expense.
Service Cost Interest Expense <Return on Plan Assets> Amortization of Prior Service Cost <Gain> Loss Amortization Existing Net Obligation Amortization
The other one's are really good too but for me this one is one i will definitely remember come test time.
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