[Kris.tina]

Hi Everyone!

I’m currently taking Becker in preparation for my AUD exam on Feb. 10th. I am finishing up chapter 4: Audit Evidence.

My question is: How important is it for me to know how to calculate the financial ratios? A lot of the simulations in the chapter have asked me to calculate the ratios, but the lecture said it isn’t paramount to the AUD exam?

Thanks!
Kris

AUD - 02/10/2014 PASSED!
REG - 05/14/2014 PASSED!
FAR - 08/25/2014 PASSED!
BEC - 11/10/2014, 02/22/2015 PASSED!

[mla1169]

Mystical I agree that it is more important to know what the ratio indicates than knowing the numerator and denominator. BUT at the same time knowing what each ratio means gives you a good clue as to how to calculate them!

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Author]

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