Anyone have any good tips for this? I don’t know why but after 2 year of not testing this I feel like the CFA will this year and I want to be ready.
Just stare at it for a long time and hopefully itll stick
Current rate - current method for everything on the B/S. Average rate for everything on the I/S (except common stock).
Temporal rate - nonmonetary assets (historical), monetary assets (current). Here’s a little way that I like to remember it. In history (my lifetime, for instance), I did not have much money. So non-monetary. Currently, I am making more money because I have a full time-job. The I/S, you’ll just have to memorize.
Maybe tear off that page and stick it on the wall right in front of you