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Subject Topic: How important is the Cash Flow Statement? (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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sabah109
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Posted: 13 Aug 2010 at 01:10 | IP Logged  

I was just wondering how important the Cash Flow Statement
is for the exam? Would it be just a few m/c questions or a
big simulation on it.

I am short on time and decided to skip this and study
gov't entities and Not for profit... since i just found
out that will be around 20% of the exam!!!! (previously I
thought it was only 10%!!)

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divyagovil1
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Posted: 13 Aug 2010 at 01:22 | IP Logged  

could be both mc and short sims as well. Just read it through once ! It's a simple topic, not so tough.

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CanadianCPA
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Posted: 13 Aug 2010 at 01:23 | IP Logged  

Depends how familiar you are with it to begin with.  I think you could get either some M/C questions or possibly a tab on a simulation about it.  Its all about picking whats more important.  I would probably ditch the cash flow and go with studying government and NFP since its a huge part.

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1tryCPA
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Posted: 13 Aug 2010 at 05:54 | IP Logged  

I'm sure you will get  at least couple MCQ on cash flows and may get a simulation, but I'm with CanadianCPA on it.

Gov and NFP - according to AICPA it's 16-24 % of the exam. You will get plenty of them for sure.


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cpa0123
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Posted: 13 Aug 2010 at 09:59 | IP Logged  

My advice is - Do not skip it. You'll be glad after the exam that you didn't!

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