exaMENTOR

Not sure how to stay motivated and top of your game for the next several months leading up to the SOA and the UFE? Here is a great article that provides helpful advice on how to talk yourself through the stress, loving the grind, staying optimistic and more. http://www.theatlantic.com/health/archive/2014/02/how-olympians-stay-motivated/283643/

How Olympians Stay Motivated Mindfulness, self-talk, and an obscure chunk of the brain help elite athletes get through the training grind.

Experienced SOA writer? Here is the second part of a blog written by one of our successful SOA / UFE writers! Read on!
http://examentor.ca/part-2-from-experienced-soa-writer-to-successful-ufe-candidate/

examentor.ca – Part 2 – From Experienced SOA writer to Successful UFE candidate! Another trap I had fallen into for two years straight was related to the handbook. Yes, it is available during the exam. Yes, you can look stuff up, if you need to… but in reality there is no time for that....

Congratulations to CASB students who passed modules 1, 3, 4, and 5 today!

Experienced SOA writer? Wondering what it takes to finally pass the SOA and pass the UFE on the first attempt? Need a key to unlock that door? Check this out: http://examentor.ca/from-experienced-soa-writer-to-successful-ufe-candidate/

examentor.ca – From Experienced SOA writer to Successful UFE candidate! Here at exaMENTOR we know that preparing to write any exam for the second, third, fourth time is not easy. That is why for the next several days we will be featuring a blog from an experienced writer, Vasily Ryabov, who was a repeat writer at the SOA, but after having successfully passed it in 2012,...

Just done writing the CKE? Congrats!! Now you can relax and enjoy some free time! Get rid of your stress by doing something exciting this weekend and we've got some tips on what to do and where to go! http://examentor.ca/just-done-writing-the-cke/

examentor.ca – Just done writing the CKE! It is Monday, January 6th and you just wrote the CKE. Congratulations! Although, the results release date is almost a month away, you should celebrate the end of a tough prep time and treat yourself to something special for all your effort. Generally, it is expected that 75% of candidates will pass,...

Good luck to all CKE writers tomorrow! Today prepare yourself for the exam attack: visualize going into the exam room, getting your pencils out and systematically attacking 100 questions one by one. Yes, you can do it. Believe it.

Congrats ASCA Advanced Financial Accounting students who passed the exam today! A great new year's present indeed!

Experienced UFE writer? 2014 will be your year! Check out our blog to get inspired! http://examentor.ca/new-years-resolutions-for-experienced-ufe-writers/

examentor.ca – 2014 is here! Now what do I do? (New Year’s Resolutions for Experienced UFE Writers) The new year is a time for new beginnings. As an experienced writer, you might be wondering what your plan of attack should look like in 2014. In this blog post, we will bust some myths and lay out some facts for experienced writers to consider as they are starting to put together their study plans.

Happy holidays and best wishes for a wonderful new year from everyone here at exaMENTOR!

“The best and most beautiful things in the world cannot be seen or even touched. They must be felt with the heart. Wishing you happiness.” - Helen Keller

A publicly owned company, myPhone Inc., specializing in the production of cellular phone accessories, has filed a $1,200,000 lawsuit against its main competitor claiming patent infringement. This is one of several patent-related lawsuits that myPhone has filed against its competitors. Management believes that the probability that the lawsuit will be successful is less than 5%.

How should myPhone Inc. treat this transaction in its financial statements?

A. Do not record / do not disclose the contingent gain.
B. Disclose the contingent gain but do not record the gain.
C. Disclose the contingent gain and record $1,200,000 gain in profit or loss.
D. Disclose the contingent gain and record $1,200,000 in OCI.

“Recipe for success: study while others are sleeping; work while others are loafing; prepare while others are playing; and dream while others are wishing.” William A. Ward

As the holiday season approaches, studying for the CKE and staying focused is not an easy task. But remember that your resilience and hard work today will pay off in January!