FAR Exam Cost and Equity Method

[@calebhunte2340]

You were born to do this. I am learning so much from your videos. Please post more on the difficult subjects for CPA exam students who can't afford to buy your videos. Thanks

[@UWorldAccounting]

+sonykiss HUNTE Thanks for the suggestions! Please subscribe or check back often to be first to know when new content is uploaded.

[@biohazard2134]

Your teaching style shows that you want us to understand and pass. Thanks Roger.

[@M.K-SAVE]

I was comparing you to the becker videos and I fell asleep to the becker one. I love your energy. I'm a lazy reader and by watching your videos, the readings from my intermediate accounting courses are now very clear. Once I'm done taking my three accounting courses which I lack to sit for the exam, I will be using Roger CPA review for the CPA exam. Thank you Roger. Special thanks from Syria (I'm Syrian btw) so be proud that your videos are now being famous in the Middle East and many other places as well. Thumbs up!

[@UWorldAccounting]

Thanks for the kind words! We know everyone studies differently, so we're glad our course is a good fit for you! We can't wait to study with you and be a part of your journey toward CPA licensure. Until then--best of luck in finishing your courses! :) #HelloCPA

[@hannahfletcher1426]

I have used Becker for over a year with no success! Im studying FAR and was completely lost, after watching just 2 of your videos so far I am already able to complete homework problems with no tears!!! Thank you so much for sharing! Please don't remove videos lol!

[@UWorldAccounting]

Thanks so much, Hannah! We are very glad you're able to comprehend the material and that you're enjoying our course so far. Keep it up! And we don't plan on removing any of our videos. :)

[@tongleo1055]

You are still the best CPA teacher i have known 10 years after i got the AICPA with your tutoring. Worth the money i paid. Thankyou Roger

[@juliawatts6100]

I have a dull, meandering professor for Advanced Accounting with a dense, meandering textbook. Your videos are helping me see the "why we do this" behind the practice. This video on Cost and Equity is giving me the framework with which to process my coursework on consolidated financials. Thank you.

[@UWorldAccounting]

+Julia Watts So glad to hear that you're finding our videos so helpful!

[@AlexM-mr8of]

Roger is the absolute best! I probably wouldn’t have passed the exam if it weren’t for Roger Cpa Review. Thank you for everything!

[@ranaabrahamkuruvilla4668]

Simply in love with your teaching method Mr. Roger. Thank you very much

[@UWorldAccounting]

+Rana Abraham kuruvilla Thank you for the kind words.

[@rjrollon5136]

i've watched this tutorial during my review days, and it helped me save a lot of time reading. Thank you so much Roger CPA review.

[@UWorldAccounting]

It's our pleasure, Armando! So glad this video was able to help you out. Best of luck in your studies!

[@fdfdfdfdffjkhgjkgffhsfgkkf4564]

I’m from India and I wish we had teachers like you roger👍

[@UWorldAccounting]

Thanks! We appreciate it! :) #HelloCPA

[@ahmedh.7134]

After watching all of the Gleim lectures and being satisfied with their product, I have decided to give your lectures a look. All I can say is that I am very impressed. You have a great teaching style and I feel like I understand the material better. You make it more interesting and bareable to watch haha. Thank you!

[@UWorldAccounting]

Thanks for the positive feedback Ahmed! We're glad we can help you with your studies!

[@chalnseyphillips2704]

I have learned concepts within 5 minutes that I initially missed in a traditional class. Wonderful job!

[@UWorldAccounting]

Thanks Chalnsey! Best of luck to you as you continue studying! #HelloCPA

[@AndrewWatsonPiano]

So much content delivered so efficiently and enthusiastically. You're a great teacher, thank you for sharing with us.

[@UWorldAccounting]

Glad we could help. Thanks for watching!

[@mamelia6001]

Now I understand more clearly, thank you so much Sir for sharing your knowledge for us. I learned & entertained as well...excellent!

[@UWorldAccounting]

+mam elia Great to hear and thanks for the positive feedback!

[@UWorldAccounting]

Hi Vinit, We're glad you enjoyed the video! Thank you for the suggestion; we love hearing what kinds of subjects students are into and we will keep your comment in mind. Roger CPA Review Staff

[@margeday-ortiz9924]

Stumbled upon these videos and I'm glad I did! Saving up my pennies to buy the full review.

[@UWorldAccounting]

We're glad you found us too! Looking forward to studying with you. Remember that we're having a promotion right now and financing options are available on top of that! Learn more here: www.rogercpareview.com/cpa-courses

[@brostom77]

This guy is the master of CPA exam. Not only he knows it all and well but he knows how to teach the crap to really stupid people like me and make me pass. Trust me. Buy it, learn it, pass it and love it. :)

[@UWorldAccounting]

Thanks Bashir! We know you are incredibly bright and capable--it's all about committing to the exam! :)

[@MarkyMark81]

Wow ... Gleim leaves out a lot of helpful details. I should of bought Rogers CPA review. Gleim doesn't even mention that the Equity Method could be called One Line Consolidations. Gleim Doesn't even use real life examples. The Gleim Book is ok... but it has very brief explanation and answers are vague. I thought Gleim would be more comprehensive but it is not. Its like trying to learn accounting from Cliff Notes. Well im going back to smashing my head off my desk. I might develop brain trauma before I get my CPA license. I want everyone to know this, when buying a CPA review course the material is the same .... its a STANDARDIZED exam. But what course presents the material the best and in the most depth? Rogers hands down. Gleim is good if you were an A accounting student fresh out of school with great retention. Roger is good if you spent your entire college career drunk then by the grace of god got your degree. You realized 10 years later you want to get a cpa license.... Your screwed ... no you are not buy Rogers Course. When I finish Gleim I might buy the Roger Cram Course...

[@Alice-gl6um]

This is soooooo true! damn, I can't remember what I have learned in the college and Wiley is not enough for me to recall all these stuff.... I should have bought Rogers...

[@joym1925]

You are so right! I seriously hate GLEIM and I need to pass this CPA. I know this post was three years ago but did you pass all parts yet? Did you end up buying another review course?

[@joym1925]

Mark Schumacher, please see the above question. I forgot to @ you

[@Dytania28]

Thanks Roger. You are the best. My confidence and knowledge are growing thanks to your lectures.

[@UWorldAccounting]

+Dytania Washington Thanks for the positive feedback!

[@chrishudak3773]

This guy is great. lost of entheusiasm!

[@UWorldAccounting]

+Chris Hudak Thank you!

[@mssonnyprovost1534]

I TRULY appreciate/understand what you are teaching; thank you soo much 😊

[@UWorldAccounting]

You are so welcome! Thanks for watching! :)

[@sachinkumarsuryawanshi4855]

Absolutely love your style!! You make it easy. Thanks sir

[@UWorldAccounting]

Thank you Sachin!

[@mugandaje]

I love this lecture! A great supplement to other review courses when they get mundane

[@UWorldAccounting]

+Jay Moo Thanks for the positive feedback!

[@djones8527]

Wow, great video. I actually understood everything! I'm a subscriber, but when I start study for the CPA exam, I will most likely be purchasing videos. Thanks!

[@Hypnoticcc69]

This helped me so much more than Beckers lecture.

[@UWorldAccounting]

+Omar Akil Thanks for the positive feedback!

[@filotz]

This topic is one i don't like during my undergrad.. now in my review, this is of my most favorite topic along with process costing.. Thank you Roger... you're great.. Do you have other advanced accounting tutorials like Home Office and Branch, Franchise, Installment Sales, Construction Contracts.

[@UWorldAccounting]

+filotz Thanks for the positive feedback! We don't have any advanced accounting tutorials at this time, but check our feed often or better yet, subscribe, to know when we upload new content!

[@charliezhu163]

Man you rock! Thank you for your excellent video.

[@UWorldAccounting]

+Runjie Zhu Thank you!

[@thedohhh]

that was a lot of review in a short amount of time. great organization, lecture simplified. three thumbs up thanks Roger! Subbed

[@UWorldAccounting]

+viet doe Thank you! Glad you found it helpful!

[@StevenGregoryJayy]

I appreciate you very much. I love your style of teaching.

[@UWorldAccounting]

Thanks Steven! We appreciate your positive feedback!

[@bsalnaka1960]

Well, my knowledge and idea is so clear now with this video class.. thank you sir for the class !

[@UWorldAccounting]

+Bsal Naka That's what we're here for...to help you pass the CPA Exam! Thanks for the feedback!

[@chrisibrahim4519]

Thank you so much! Very helpful way of teaching .. great job. But i think the answer in question 5 is C not B, because 20% to 50% is under US GAAP not IFRS.. Once again, thank you so much!

[@UWorldAccounting]

Hi Chris! You are absolutely correct. This lecture was published to KZbin in 2013 and since then, we have had some significant changes with IFRS. In the updated materials. under GAAP and IFRS, the equity method is applied when an entity has the ability to exercise significant influence over the investee. Under IFRS, that is considered to be the case when the investor as the power to participate in the decisions of the investee. Therefore, like you stated, under US GAAP, ownership of at least 20% but no more than 50% would be an indication of significant influence unless other factors indicated otherwise. Thank you so much for your comment and for watching!

[@AKPISProfessionals]

Sir you are great love from India I am also cpa teacher

[@randyadjetey5436]

i love this guy. i dont see any videos on consolidations tho. i wish he can make some. thanks

[@UWorldAccounting]

Videos on consolidation are available once you become a Roger CPA Review student. Thanks for watching!

[@andrewsherlock4627]

You move at my speed. Awesome.

[@UWorldAccounting]

+Andrew Sherlock Great to know!

[@elenacimpian8043]

+Andrew Sherlock hey, if anyone else trying to find out cpa exam price try Grathaw Simple Study Expert (do a google search ) ? Ive heard some great things about it and my co-worker got excellent success with it.

[@ronshaffer37]

Great video. Fun to watch and learn from. Thank you. Thank you. Thank you.

[@UWorldAccounting]

It's our pleasure Ron! We appreciate the kind words--keep on keeping on!

[@kristinamiloti9308]

Roger, I do like your lecture. You are great and make the it easy to understand. I was just laid off work and I want to study while I am looking for a job, but I cannot afford the price. Can the payments be done in installments?

[@qqll3072]

Thanks a lot, you are an amazing teacher.

[@UWorldAccounting]

qq ll Thank you!

[@junwen367]

Fantastic! Your tutorial is amazing!Extremely like it!

[@UWorldAccounting]

+jun wen Great to hear! Thanks for the feedback!

[@sthanaung]

He makes it very clear

[@UWorldAccounting]

Thanks Than! So glad we could make this concept more easy to understand for you.

[@wadoodkhan2597]

thanks you so much Roger Sir...

[@UWorldAccounting]

+wadood khan So glad you found it helpful!

[@elenacimpian8043]

+wadood khan hi everyone, if anyone else wants to discover cpa exam bec tips try Grathaw Simple Study Expert (just google it) ? Ive heard some unbelievable things about it and my co-worker got cool success with it.

[@MarkyMark81]

Also may i add Gleim REVIEWS accounting Roger TEACHES accounting. BIG BIG DIFFERENCE!!!!!!

[@dynamicpetroleuminvestment8164]

highly informative . Thanks Roger

[@UWorldAccounting]

Anytime! Thanks for watching!

[@anikethkoppula9541]

In this video Roger mentioned a separate video for Consolidation, could any one please share the link to the video if there is one please and thank you

[@UWorldAccounting]

Check out this playlist of all of our FAR related videos. kzbin.info/aero/PLYrIr2-uY4ZVegyMNw37SLbIMvBvWHwU9 There are some videos in this playlist that are related to consolidations.

[@jaystorm7811]

Earned yourself a Sub, I really enjoy your enthusiasm while you teach!

[@UWorldAccounting]

Thanks Jay! Much appreciated! #hellocpa

[@kuysDonald]

thank you so much sir. God bless you

[@UWorldAccounting]

Thanks for watching, Donald!

[@jaffatadele8036]

Tank you the all good teaching .

[@UWorldAccounting]

Thanks for watching! We're so glad we could help you understand this concept better. Best of luck in your studies! :)

[@Alice-gl6um]

lol I love you! how can you be so energetic hahaha! I was literally laughing throughout the lesson!

[@Xprowess]

Roger's just awesome. This is nothing like the snooze fest that is the usual accounting lecture.

[@AhmedJamaAyanleh]

Your The Man #TopTeacher

[@FaroukImam]

Really , you make it simple ..... attractive , Thank you I will join Roger

[@mrunmayakar6249]

Can any one guide me how much I need to pay for Online Course from Roger CPA review . I am currently stationed in India , Gurgaon .... Quick advise and response would be much apprecaited

[@UWorldAccounting]

Hi there Mrunmaya. You can find the cost of all of our courses and products here: www.rogercpareview.com/cpa-courses. Hope that helps!

[@mrunmayakar6249]

Dear I need with log in ID from multiple places at least 3 to 4 places due to office , home , works etc .. Is it possible

[@mrunmayakar6249]

post my clearanceof CPA how much i need to pay for each additional log in if i will start my coaching centre with Roger CPA

[@UWorldAccounting]

Hi Mrunmaya. Once you become a Roger CPA Review student, you will have access to your student account no matter where you log in from (office, home, work, etc.). You do not have to pay any additional fees to h be able to log in from multiple locations.

[@rectodrn]

Your hand writing is a little iffy but your energy makes up for it big time!

[@steelcurtain656]

For some reason most accountants have bad handwriting. Good thing its on computers now a days eh?

[@ANA-db9yn]

Thanks for your distinctive method of teaching. Secondly, I would like you to slow down little bit the speed of talking to catch up with what you say.. Regards,

[@UWorldAccounting]

Thanks for the kind words, Ana! As a Roger CPA Review student, you would have the option of adjusting the lecture speed, so you could slow down the lectures accordingly. :)

[@brostom77]

i like your teaching but your handwriting is hard to understand.

[@UWorldAccounting]

+Bashir Rostom We are in the process of adding transcripts to all of our KZbin videos so that you can have a resource when needed.

[@zeekyboi123]

Your great!

[@UWorldAccounting]

Glad you found this useful!

[@lamaibrahim9540]

lol cpa is the true happiness , i like this guy

[@UWorldAccounting]

+lama ibrahim Thanks! :)

[@chrisibrahim4519]

Thank you!

[@hawaii137]

Is the cost method referred to the fair value method as well? Based on wiley books, I don't see a cost method.

[@UWorldAccounting]

Yes, the terms "cost" and "fair value" method refer to the same methods of valuing investments. Great question!

[@suomanuunyango92]

you a really good lecture. :-)

[@UWorldAccounting]

+Suoma Nuunyango Thank you!

[@hawaii137]

For fair market value, inventory, why sell all half or none? I don't understand what's happening there

[@UWorldAccounting]

Hi there! Thanks so much for watching. Do you mind rephrasing the question to make sure we fully understand what you are asking?

[@summerhu3875]

hawaii137 he was just taking an example do that we know about prorate

[@hannahfletcher1426]

Do you happen to have anything in depth explaining the aqusition method? Becker isn't explaining it well. And I am not sure why they are referring to parents and subs still.

[@UWorldAccounting]

Hi Hannah. Section 31 goes over acquisition method in detail, and we use the new terminology Acquier/Acquiree instead of Parent/Sub, even though Roger mentions how Parent/Sub was the old terminology. Hope that helps! #hellocpa

[@hannahfletcher1426]

Awesome, thank you!!

[@hannahfletcher1426]

I cannot find section 31: (

[@macizo1972]

Dude! you rule!!! I wish I could afford your review :). Do you have any "installment plans" available? :)

[@MsCwalls]

Thanks for these lectures- very helpful. Do you have one for Consolidations/Acquisition Method?

[@UWorldAccounting]

+Cassie Walls Thanks! We'll let our content team know you're interested in a Consolidations/Acquisition Method video. Check back often for updates!

[@marshblanes]

Which method should I use if I own 20%, the cost/ fair value method or equity method?

[@michaelflaherty3202]

The question will usually say if they have the ability to influence the board or not. If they do, use equity. If not, cost.

[@UWorldAccounting]

If you own 0% - 20%, then use the Cost Method.

[@jeffclion]

Thank you for being a go-giver!

[@vinshalvyas1859]

great ...

[@UWorldAccounting]

+Vinshal Vyas Thanks!

[@sumitlochaub7350]

hi Roger.. I have a doubt can you please help me on that.. question:- how we will record unrealized gain under equity method of investment

[@bdang3173]

thank you roger！

[@UWorldAccounting]

It's our pleasure! Thanks for watching!

[@cascam1]

roger can you please share with me what type of calculator I can bring to the test site.

[@UWorldAccounting]

Hi there. As of right now, you are not allowed to bring a calculator to the Prometric Test Center when you're taking the CPA Exam. However, we have heard that some Prometric Test Centers will provide you with one if you ask. Check in with your local Prometric Test Center to get more information. Thanks!

[@cascam1]

You guys are angels - TY :-)

[@15284750]

I have FAR exam scheduled in two weeks and as I know now after searching the net the best way to prepare fast is doing tons of MCQs, but all MCQ banks I have found are for US CPA FAR and I'm taking the Australian one. I still cannot find the info on suitability of those MCQs for my case. Can anyone help me with this please?

[@UWorldAccounting]

The CPA exam in the US is different from the CPA Australia exam. This website offers information about CPA Australia. Hope this helps you with your search! www.cpaaustralia.com.au/become-a-cpa

[@15284750]

thanks for your reply, still no idea if there is any MCQ exist for Australian CPA. It's terrifying to use only Study Manual for preparation.

[@fdfdfdfdffjkhgjkgffhsfgkkf4564]

Roger, what are your views on masters of accounting? Is it needed to be a cpa? Most macc programs are very expensive

[@UWorldAccounting]

Hi there. Thanks for reaching out! That's a good question--and one that many CPA Exam candidates ask themselves often. Here's a blog post we wrote that may be able to help better answer your question: www.rogercpareview.com/blog/should-i-get-my-master%E2%80%99s-accounting Hope that helps!

[@mgerols]

Good review of this difficult topic.

[@kiukp9187]

so.. cost method for none publicly traded company and fv method for publicly traded company? is treatment the same for both ? only terminology is different ?

[@UWorldAccounting]

Generally, the Cost Method is used when the investment is 0% - 20% which implies that no ownership over the company exists. 20% - 50% calls for the Equity Method. When securities are available for purchase, then that means that the company is publicly traded. The Fair Value option is an election a company can choose instead of the Equity Method. This approach is an advantage to companies as it is easier to measure, but does not get as much testing on the exam as the Equity Method does.

[@gdimensions]

thanks for clearing the concepts.. i have a doubt regarding amortization of goodwill. Is it not amortized anymore and instead checked for impairment..is amortization part of old GAAP? Waiting fr ur reply

[@UWorldAccounting]

You are correct that Goodwill is no longer amortized. Since it has an indefinite useful life, it should be tested for impairment at least annually.

[@DianaHernandez-ft2hz]

Shouldn't PP&E be recorded as $150/10=$15 x .3= $4.50?????

[@UWorldAccounting]

Hi Diana Hernandez! Such a great question. The reason PP&E was not further reduced by the percentage of ownership is because it was already taken out. Starting at a little bit before 10:11 two versions of the same calculation was shown. On the left, the FMV was 3,000, Book Value was 2,500, and the difference between those two was 500 which was PP&E. If you multiply 500 by 30%, then you arrive at 150. Therefore, you wouldn't want to multiply it again by 30% after dividing it by 10 years, because you already did it. On the right side, he broke it down in more detail to arrive at 150. On the right side, 750 (BV: 2,500 X 30%) is subtracted from 900 (FMV: 3,000 X 30%) to arrive at 150. So, on the right side, the 30% ownership is already considered as well. Let us know if this helps to clear things up! Thanks for watching! #HelloCPA

[@alarafatimam1303]

nice video

[@UWorldAccounting]

Thanks! #HelloCPA

[@Anujgupta89]

Hi Roger, is this applicable for the Nov 2018 also

[@UWorldAccounting]

Hi Anuj. No, unfortunately this video is no longer accurate all the way through. Please note that the availability of this video is to get a sense of Roger's teaching style for FAR Exam Cost and Equity method. As a student, you would have all the latest, up-to-date lectures. Thanks!

[@jitendrachandthakur733]

Love from india

[@UWorldAccounting]

Thanks for watching! :)

[@cascam1]

"control" was released in 1986 not 90's - we were in our early 20s

[@julianalatupeirissa3957]

Thanks 🙏

[@alinoushad5780]

hi thank for giving time to teach us. do you have e book for FAR

[@UWorldAccounting]

Hi Ali! Thanks for watching! You are able to get a pdf version of the materials once you join our study program. Click this link for a free trial: www.rogercpareview.com/cpa-courses/free-trial

[@rushhour4321]

what's the book used ?

[@toriwilson6877]

Which textbook are we reading from??

[@UWorldAccounting]

Hey Tori Reynolds. Thanks for watching! As we're sure you noticed, this video is from 2013. Therefore, the textbook that accompanied this video is not in use anymore with our current products. However, we do update our textbooks on a regular basis and provide updated materials to students of our program. Let us know if you have any other questions and happy studying!

[@markballiet9871]

I want to finish all 4 sections of the CPA in a span of 4 months-- June(dead) to the end of September. Is the Roger CPA Review Course flexible enough to achieve this? I really want to finish my CPA before starting work in October!

[@UWorldAccounting]

+Mark Balliet Absolutely. Be sure to check out our 3 month study guide to start your planning. www.rogercpareview.com/cpa-courses/study-planners

[@arsalansheikh9271]

Can you please tell me whether this Financial Accounting and Review videos covers Canadian CPA stuff or US CPA. ?

[@UWorldAccounting]

+Arsalan Sheikh The videos cover US CPA material.

[@accrualworld318]

What book are you using? Thanks

[@UWorldAccounting]

+Adrian Carr We're using the FAR textbook that's part of our Course Package.

[@UWorldAccounting]

You're welcome, jakecarlos!

[@MusicInMae]

2019, does this stuff still apply to the cpa now lol

[@UWorldAccounting]

Since this video is from 2013, there have been updated lectures on this topic. Check out a free trial version of the software by visiting our website: www.rogercpareview.com and clicking on the free trial button.

[@1GraceyLou]

good day, i went to i am site and i am interested in becoming a member but am unsure if the content will be what i expect. i am presently at U.W.I in the caribbean and studying accounting and finance, present subject trouble area is advanced financial accounting. your site has financial accounting and reporting. i am unsure if the content of this course and advanced accounting will continue to be the same.

[@theresa78201]

Equity method is no longer retrospective...the standards have changed since this video was posted in 2013.

[@kimlonkoy8182]

what the name of this school

[@UWorldAccounting]

Hi Kim. We are actually a CPA Review course that is offered completely online. You can learn more about us here: www.rogercpareview.com/

[@Thetriangle7g4]

The Flash!!