I am preparing for my FAR CPA Exam and was struggling with consolidation for days! this one video has made the topic so very clear, thank you so much for this. Im a new subscriber now!
isn't over 50% should be acquisition method vs equity method - why would CFO letter calls for equity method? also where is the NCI of 100k at the beginning of the balance sheet?
If the interco. sales were not 100% sold by Sand, the elimination entries will extend to balance sheet(inventory) right,? then the eliminations on balance sheet become more complicated, can you please make a video for that senario? thank you!
Just take EA exam and be done with it. No need for higher education, no need for 1 year of experience under CPA. Pass 3 exam that is much easier compare to CPA and you're done. You're licensed by IRS.
I am preparing for my FAR CPA Exam and was struggling with consolidation for days! this one video has made the topic so very clear, thank you so much for this. Im a new subscriber now!
What's the logic behind deducting equity earnings from sub. for consolidated income statement? Could you elaborate on it.
I am very confused. Do you eliminate as of the beginning of the year or the end of the year?
isn't over 50% should be acquisition method vs equity method - why would CFO letter calls for equity method? also where is the NCI of 100k at the beginning of the balance sheet?
if we look at the questions I could easily answer all the questions without making consolidated F/S , just need to do working notes for each question
If the interco. sales were not 100% sold by Sand, the elimination entries will extend to balance sheet(inventory) right,? then the eliminations on balance sheet become more complicated, can you please make a video for that senario? thank you!
yes that's right
This was great, thank you
Can you please explain bank reconciliation
Very well explained, thank you!
Glad it was helpful!
Where is the excel file?
I am so fucked for this exam
Glad to help!
Lmao
Is there a print out of this simulation?
There is not. The simulation can be found in the FAR section of the Universal course
Nice explanation but also kill me
Just take EA exam and be done with it. No need for higher education, no need for 1 year of experience under CPA. Pass 3 exam that is much easier compare to CPA and you're done. You're licensed by IRS.
If you only want to work on tax returns, then yes. But a CPA license gives you the opportunity to way in roles outside of tax.
how much do you make as an EA? as much as a CPA?
@@magicmollieee In own practice, yes as much as CPA and even more if one to join tax court to practice as EA lawyer.