verified_user RobPremCPA (Instructor) - 09/11/2019, 11:58 pm
    Wooohooo. Man, oh man, I am certainly glad to be here. My name is Rob, the new CPA Review for Free CPA EXAM Instructor! Here is what I know: I know that for each of you coming onto this forum, you're seeking help! I get it!!! The stress, the lack of time, the planning, the sacrifice. All of you who are feeling that stress...I GET IT! This stuff is hard! Let me show you (just like the many others) how I can help you! But first, let me do an introduction.... Here is what I am: one word - "accountant." I am an accountant. No other way around it. From my early childhood ambitions of being 'a business person' (whatever that meant), to my college education, my career ambitions, and my actual career accomplishments, I am an accountant. I think like one, act like one, talk, work, and even eat like one!! haha. I dig this stuff. Now many do, but I do. Why? Who knows. But, I do. Here is my 30- second elevator speech (just so we get it out of the way): My career has taken me through the big4 as an auditor (KPMG), working on major Fortune 100 clients, such as Mercedes-Benz, Pfizer, Panasonic, and many others. I spent 7 years at KPMG. That is where I really started to dig this stuff (I couldn't believe it myself, either). After that, my career took me across the world performing internal audits for Merck & Co. During that time, I began tutoring CPA exam students. I loved educating peers and co-workers on the proper accounting treatment of the effective portion of cash flow foreign exchange forwards (I know you know that portion sits in AOCI and does NOT go to the P&L, right?). Sooo, I started tutoring some students on my off-time. And today, I manage a large book of small to medium-sized business clients, while also continuing to operate my CPA EXAM TUTORING PRACTICE! The name is Quest CPA Review (check it on Instagram!) Here is what I do: Like I mentioned just before, I currently have two jobs. By day, I am a a tax accountant and auditor. And by night (and weekend), I help students cross the CPA EXAM FINISH LINE!!! Here is what I know: I know that you are stressed (even maybe just a little?). You have 1 to 4 more exams to go. To pass these exams, you have these big massive books (with mostly single spaced typing). They also come with videos of some very experienced accounting professional trying to explain this stuff. The bundle also comes with some questions to practice with, and some simulations, and maybe even a practice exam or two. And with all this material you have, even seeing most of it in school, you for some reason don't understand it all!!! Well, your not alone. This exam is not testing your smarts, wits, or personality. It is testing your ability to study 'the right way.' How can I help you: By helping you study 'the right wayyyy.' The quick answer is - I tutor students one-on-one. If you are interested in setting up an initial session, please let me know by going to my profile or responding below. What to do next: Introduce yourself to me and everyone else in here. If you're not sure what to talk about, how about this - name? school? live? work? if so, doing what? for how long? any exams passed? what are your career goals? It's OK to say "I DON'T KNOW!" why are you going for the cpa exam? It's OK to say "I DON'T KNOW!" what are your biggest worries and stresses in passing the exam? Let's get the convo going. Like I opened up with, I am so glad to be here. WOOOHOOOO!!!!
    Starting CPA
    Tanzil-2648 - 09/5/2019, 7:52 pm
    Dear All, I am new here and want to be CPA. I need your guidance to know where to start. Kindly advise the steps to be taken for registration and further process. Thanks & Regards
    Why not 7 years?
    Lina - 09/2/2019, 11:17 pm
    Can anyone please explain me why not the answer is 7 years? I'm getting confused on 5 yrs vs 7 yrs.
    worded wrong
    Colette-38137 - 08/31/2019, 10:56 am
    This question is worded incorrectly?
    Which is it?
    Ryan-12701 - 08/29/2019, 1:39 am
    Why does it say its a financing lease by both parties but in the explanation it says the the lessor is a sells type lease?
    Can't Pass
    Maura-1526 - 08/25/2019, 4:48 pm
    I have failed FAR 4 times now by 2 to 5 points every time and just found out I failed audit by 4 points despite my score report saying I performed stronger on the simulations than those that passed. I am feeling hopeless. I've been studying for almost a year now and I wanted to get them passed before I start working full time in October. Does anyone have any advice?
    What About the Equipment?
    liamkshaw68 - 08/19/2019, 5:27 pm
    Why is the equipment completely ignored in this scenario?
    Does This Question Still Apply?
    liamkshaw68 - 08/15/2019, 8:32 pm
    Is this question outdated? Wouldn't there be no casualty gain under the Tax Cuts and Jobs Act law?
    user-9435 - 08/7/2019, 4:57 am
    Why there was no DRD on the distribution from the Corp, is there anything I am missing ?
    Does not states types of plan??
    Saurav-Neupan-64814 - 08/5/2019, 3:20 am
    .A3 FASB ASC defines substantial doubt about an entity's ability to continue as a going concern as follows: "Substantial doubt about an entity's ability to continue as a going concern exists when conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued, when applicable). The term probable is used consistently with its use in topic 450 on contingencies". Other financial reporting frameworks may use different terms that are similar to the concept of substantial doubt. For example, International Financial Reporting Standards (IFRS) use the terms material uncertainty and significant doubt. Also, other financial reporting frameworks may not use probable as their threshold. For example, IFRS uses "may cast significant doubt on the entity's ability to continue as a going concern."13 This section uses the terminology of FASB ASC and the GASB statements; if an audit is performed on financial statements prepared under another financial reporting framework, the requirements and application material may need to be adapted as necessary
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