people who have taken L2 before- FSA SS7

how bad did they crush you in a vignette with adjustments? like 3 or 4 tops i’d hope? any weird curveball ones i should look out for? i honestly haven’t done all that much work on SS7 and adjustments- the qbank questions seem really mild, i’m having no problems doing something basic like capitalizing an operating lease or taking mkt value of debt or preferred stock or something and then applying ratios. just wondering if you guys did see a vignette of adjustments last year and if yes, was it killer or tame? where am i going to trip up and what oddball adjustments should i review now?

Last year accounting was so easy I was pissed. (As I know most everyone should have aced it). They had one vignette that was comprised of simple question such as translating items at the current rate. I think they had pensions which was cake too. I don’t think they get too crazy with accounting. For example I would be shocked if you had to value the inventory of the COGS to get the translation adj.

thepinkman Wrote: ------------------------------------------------------- > > I don’t think they get too crazy with accounting. > For example I would be shocked if you had to value > the inventory of the COGS to get the translation > adj. I’ve been wondering about this exact thing. I think and hope you are right.

Pink’s right, last year FSA was so easy, I’m kind of scared for this year.

“Pink’s right, last year FSA was so easy, I’m kind of scared for this year.” I’m so scared, I’m actually studying on a Saturday night…ok, that’s a lie. I’m heading out in 30 minutes, but only 6 JD shots tonight, tops.

Turkish, don’t do it!! Fight the temptation. I went out last night to witness such a terrible lost, and ended up drinking the sorrows away. Needless to say, today wasn’t a productive day as a Saturday should be.

Houston, you’ll be pleased to know I abstained tonight…tomorrow will be productive. Well, at least until I tee off at 2pm…but from 7am to 1:30, mad productivity.