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Topic: How much PoolingOf Interest will be test (

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fanglu2000
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Newbie

Joined: 23 Aug 2010
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Posts: 1

Posted: 28 Sep 2010 at 22:02 \| IP Logged

Hi,

I use BECKER to review FAR.

I found there are 10 pages homework reading of Pooling-of-Interest at the end of Financial 3.

I am not sure how much these homework reading will be tested on the actual FAR exam?

Pooling of Interest is really confusing if I study it together with consolidation. Do I need to memorize all the criteria?

THX :-)

BEC 86 08/10
FAR     10/10
REG     11/10
AUD     01/11

Interpol CPA
Regular
Regular

Joined: 20 Aug 2010
Location: United States
Online Status: Offline
Posts: 203

Posted: 30 Sep 2010 at 02:07 \| IP Logged

I haven't taken FAR yet, but I can tell you that when I took advanced accounting in college (recently), the teacher just mentioned pooling of interests method in passing. To my understanding, this method is not used anymore, and the acquisition method is whats important.

It seems that Becker doesn't stress it either, and focuses on acquisition method. So, for me, I'm not going to bother with it. Too much other stuff in FAR. Especially when you get to F8 and F9 in Becker...Aaargh

__________________
AUD 7/6/2010 - 91
REG 8/3/2010 - 85
BEC 8/30/2010 - 84
FAR 10/11/2010 - 75
Passed all on 1st try, Becker only

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