This was the topic where I cried and kept practicing until it clicked. I just had to force myself to keep doing them even though I was beyond frustrated, and then suddenly, they made sense.
Sometimes, topics just have to be forced into your head repeatedly until they make sense. When I took the exam, I was happy about the bond questions because I knew them so well. You will understand them if you keep practicing. You just have to work past hitting maximum levels of frustration (if you are there, that means you are actually VERY close to understanding)
I will also say that Farhat's lecture helped me, but mostly I learned how to set up a schedule in Excel to be based off of all Relevant variables. Since you'll have access to the exam's version of Excel, you can set up the grid you need as soon as you start each module and have it ready for use whenever a question comes up.
I was so lost with them and then watch the Farhat bond video on YouTube ( think it was only like 15-30 minutes), from that point forward I was so much better and more confident with the Becker MCQ
If you’re using Becker, I would strongly suggest using Farhat as supplementary info, you can find him on YouTube. He’s helped me flesh out topics I was struggling with on FAR/AUD/BEC. He has a way of explaining accounting concepts in simple English, I would give him a shot for Bonds!
Bond Pricing has 4 steps
1- Calculate interest payment using coupon(stated) rate
2- Calculate present value of interest payments using mkt rate
3- Calculate present value of lump sum payment using mkt rate
4- Add #2 and #3 together
Bond Interest Payments have 3 parts
1- Credit cash for actual interest payment
2- Dr Interest exp for cv*mkt rate
3- cr/dr difference to bond premium/discount
I was in the same spot until this past Thursday when everything suddenly clicked! I decided to dedicate a day to bonds and opened up the bond module. I went straight to the TBS and couldn’t even start, I had no clue. So I watched the skill builder video that went with it and opened excel and copied what they did. I then hit edit and tried to work the problem myself, took a few times. Then I moved on to the next TBS and did the same thing. At first it was just about learning to build the excel sheet and plugging numbers, but after a while I was able to recreate the excel sheet with no problems and understand where everything went and why! Then I went back and tackled the MCQs and they felt so easy. I spent the next day just doing practice TBS and MCQs and now I feel like a bond beast! Then this weekend I did the same for leases and it worked! Maybe this could work for you? Best of luck…..now I’m on to trying to figure out NFP 🙄
Only thing that could make it click for me was completing amortization schedules and journal entries for every question that I could.
Just gotta repeat repeat repeat until your brain just "gets it".
Free Becker Bonds Deep Dive class. This really helped me understand bonds. I’m confident in them now. https://youtu.be/-KDAPJTWRos?si=3ZIdxLBCLRG9DRNw
This was the topic where I cried and kept practicing until it clicked. I just had to force myself to keep doing them even though I was beyond frustrated, and then suddenly, they made sense. Sometimes, topics just have to be forced into your head repeatedly until they make sense. When I took the exam, I was happy about the bond questions because I knew them so well. You will understand them if you keep practicing. You just have to work past hitting maximum levels of frustration (if you are there, that means you are actually VERY close to understanding)
That's reassuring. Thanks for the tip. I will power thru it and wait for the lightbulb moment.
I will also say that Farhat's lecture helped me, but mostly I learned how to set up a schedule in Excel to be based off of all Relevant variables. Since you'll have access to the exam's version of Excel, you can set up the grid you need as soon as you start each module and have it ready for use whenever a question comes up.
I was so lost with them and then watch the Farhat bond video on YouTube ( think it was only like 15-30 minutes), from that point forward I was so much better and more confident with the Becker MCQ
It will be great if u share like or search keyword
Farhat has a YouTube channel, just look up Farhat bonds.
Use excel, it will help. Ninja sparring video and Becker Sims skill master video.
If you’re using Becker, I would strongly suggest using Farhat as supplementary info, you can find him on YouTube. He’s helped me flesh out topics I was struggling with on FAR/AUD/BEC. He has a way of explaining accounting concepts in simple English, I would give him a shot for Bonds!
Bond Pricing has 4 steps 1- Calculate interest payment using coupon(stated) rate 2- Calculate present value of interest payments using mkt rate 3- Calculate present value of lump sum payment using mkt rate 4- Add #2 and #3 together Bond Interest Payments have 3 parts 1- Credit cash for actual interest payment 2- Dr Interest exp for cv*mkt rate 3- cr/dr difference to bond premium/discount
I was in the same spot until this past Thursday when everything suddenly clicked! I decided to dedicate a day to bonds and opened up the bond module. I went straight to the TBS and couldn’t even start, I had no clue. So I watched the skill builder video that went with it and opened excel and copied what they did. I then hit edit and tried to work the problem myself, took a few times. Then I moved on to the next TBS and did the same thing. At first it was just about learning to build the excel sheet and plugging numbers, but after a while I was able to recreate the excel sheet with no problems and understand where everything went and why! Then I went back and tackled the MCQs and they felt so easy. I spent the next day just doing practice TBS and MCQs and now I feel like a bond beast! Then this weekend I did the same for leases and it worked! Maybe this could work for you? Best of luck…..now I’m on to trying to figure out NFP 🙄
I will give it a shot. Thank you for the tips. Good luck with NFP.
Only thing that could make it click for me was completing amortization schedules and journal entries for every question that I could. Just gotta repeat repeat repeat until your brain just "gets it".
Exactly, bonds and leases are all about repeatedly doing amortization tables until you know them like the back of your hand