Taking FAR soon. Does anyone know if the CPA exam takes recent FASB amendments into consideration for test questions? I.E. the two step goodwill method was eliminated on Thursday.

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Posting as :
works at
You are currently posting as works at

@OP - I do not believe you will see changes that are so recent. You may see changes that went into effect January 1st, but not last week. Their questions are pooled from a database and I don't believe that someone is there to update weekly changes.
Yes, cover everything, but don't worry about one small detail.
Good luck

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But would you think they'd look for the answer with the most recent changes? Meaning, for example there is no longer the two-step impairment. So depending if they've updated the test or not, there could potentially be a discrepancy with the "correct" answer

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Goodwill impairment* for clarification.

I had a few goodwill questions. Just be prepared for everything honestly. Because they will test you on everything. Also - don't skip the governmental sections

Question bank is updated after several months after amendments. Study everythin

OP, wasn't the two step impairment test removed only for private companies? I believe this FASB amendment was an AICPA change and not a PCAOB change.

SEC filers required to adopt by 2019. Hence my confusion with when things are changed within the testing. Thanks for your responses.. I'm sure this is just a small thing that won't matter in the scope of the whole exam!

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