CMA Study Group

Good Morning,

I am finding it extremely difficult and time consuming to memorize the almost 60 differences between GAAP & IFRS listed within the Hock Study Guide. I keep getting them mixed up etc and could end up spending weeks on this small area where the whole section is only worth 15% and this is around 25% coverage of Section A. How much of a gamble would it be to skip this completely in Study Plan or just memorize a handful of the key ones, ie Rev Recognition etc

Would really like to hear from anyone else experiencing a similar problem and if so how you are tackling this?

Regards
Craig Gallacher

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Well, I studied using Gleim study material and I remember that they only had about 10-12 differences. I don't think you have to memorize all...just focus on the big ones like revenue recognition, inventory valuation, asset impairment, etc. I do remember getting one question from this topic.

 Hope this helps..Good Luck!

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Neha Shukla
Analyst
Sycamore IL
United States
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Original Message:
Sent: 11-23-2014 01:00 AM
From: Craig Gallacher
Subject: Part 1 Section A: US GAAP vs. IFRS

This message has been cross posted to the following Discussions: Student Group and CMA Study Group .
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Good Morning,

I am finding it extremely difficult and time consuming to memorize the almost 60 differences between GAAP & IFRS listed within the Hock Study Guide. I keep getting them mixed up etc and could end up spending weeks on this small area where the whole section is only worth 15% and this is around 25% coverage of Section A. How much of a gamble would it be to skip this completely in Study Plan or just memorize a handful of the key ones, ie Rev Recognition etc

Would really like to hear from anyone else experiencing a similar problem and if so how you are tackling this?

Regards
Craig Gallacher

------------------------------

Good Morning,

I am finding it extremely difficult and time consuming to memorize the almost 60 differences between GAAP & IFRS listed within the Hock Study Guide. I keep getting them mixed up etc and could end up spending weeks on this small area where the whole section is only worth 15% and this is around 25% coverage of Section A. How much of a gamble would it be to skip this completely in Study Plan or just memorize a handful of the key ones, ie Rev Recognition etc

Would really like to hear from anyone else experiencing a similar problem and if so how you are tackling this?

Regards
Craig Gallacher

------------------------------

Try to use the attached file you will find the table of differences, this is my small effort for making the comparison more clear but it has some Arabic words

I hope it's very useful for anyone

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Emad Elsayed
Controller
International Islamic Relief Organization
JEDDAH
Saudi Arabia
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Original Message:
Sent: 11-23-2014 01:00 AM
From: Craig Gallacher
Subject: Part 1 Section A: US GAAP vs. IFRS

This message has been cross posted to the following Discussions: Student Group and CMA Study Group .
-------------------------------------------

Good Morning,

I am finding it extremely difficult and time consuming to memorize the almost 60 differences between GAAP & IFRS listed within the Hock Study Guide. I keep getting them mixed up etc and could end up spending weeks on this small area where the whole section is only worth 15% and this is around 25% coverage of Section A. How much of a gamble would it be to skip this completely in Study Plan or just memorize a handful of the key ones, ie Rev Recognition etc

Would really like to hear from anyone else experiencing a similar problem and if so how you are tackling this?

Regards
Craig Gallacher

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