AUD – Exam Prep - Page 22

Viewing 15 replies - 316 through 330 (of 1,748 total)
  • Author
    Replies
  • #373237

    ExaustedCPA

    I never use sim before but i think its worth to try.

    Hav2pass

    Thank you very much for your tips….I will follow them

    #373238

    Forgot to say thanks to ExaustedCPA. thanks for advice

    #373239

    I meant to say I did not use research tab for SIM…so if helps me in exam credit goes to u guys

    #373240

    hav2pass

    Is in exam score calculation is the same as gleim calculates for simulation……… I dont think so but just want to make sure

    #373241
    hav2pass
    Member

    I don't know how the AICPA score sims. First of all, one sim can be pretest, so it wouldn't be scored and no one knows which one is pretest. One thing I do know is that all the scored ones have equal weight. For instance, a tab that requires 15 calculations is scored equally with a research tab. Just do your very best at each and one of them.

    I havent given you much advice except sharing my study routines. If you r looking for advice, this is what i think for u:

    – Make notes on all important notes, reread them once more before the exam. If you don't want to make notes, atleast read the material. I think you need to get a stronger hold on the material based on your responses (I mean for each sim, you should know where it come from)

    -keep practicing MCQ to maintain the stronger position

    -for the one category where you got weaker, work hard, get addiitonal info or research until you get it. Take MCQ test on gleim software only in that section until you get 75% or higher.

    -prepare for JEs, ratios, accounting changes, accounting using FMV method (this is what I am doing).

    -When answering sims, try to answer everything to your best the first time around. Most importantly REVIEW each one again. When I look at the Qs again for sims, I have changed my entire answer b'cos I get it when they want. This is possible only when you save atleast 1.5 hrs for sims. Time mgmt is critical.

    – For sims research quickly even if you think u know the answer…u never know what you have missed. Many tabs may require a couple of calculations and if one is missed the entire answer in each one tab is wrong and doesn't matter if you did consider all other rules.

    Best of luck!

    BEC 86 (expires Sept'11)
    FAR 85
    REG 87
    AUD 8/27 - waiting

    #373242

    Thank you so much hav2pass……I will definately try my very best to what you said……. Understood why u got that good score. I would definately asked you for group studies if you were in dallas…. but anyways good enough to know someone is supporting and is equally motivated. GOOD LUCK …. till now only i was sure that I will pass this exam somehow but I can we will pass this exam and have a blast………………………..

    #373243

    I have a question in JE… how to prepare JE for bank rconcilations in books?

    #373244
    hav2pass
    Member

    For bank recon in books, bank bal is correct but in the books the effects of certain transactions is missing. For instance, bank service charges. Entry would be

    Dr. Bank Charges

    Cr. Cash / Accounts Payable

    For deposits collected by bank,

    Dr. Cash

    Cr. Accounts receivable

    For NSFs,

    Dr. Accounts receivable

    Cr. Cash

    BEC 86 (expires Sept'11)
    FAR 85
    REG 87
    AUD 8/27 - waiting

    #373245

    Thank you hav2pass. May I know your name if you dont mind I feel weired to call hav2pass all the time.

    #373246
    hav2pass
    Member

    Correction in the previous post:

    For instance, bank service charges. Entry would be

    Dr. Bank Charges

    Cr. Cash

    Since bank has already deducted the charges Accounts payable is not credited.

    BEC 86 (expires Sept'11)
    FAR 85
    REG 87
    AUD 8/27 - waiting

    #373247
    OneStepAwayCPA
    Participant

    What % correct do you think is acceptable when doing the homework. And what about for practice final exams?

    #373248

    i think you should get atleast 75% in every test either homework or practical exam minimum…. but do consider where you went wrong and why you went wrong so that you will increase your passing chances because we really dont know from which part the MCQs and come from ……i.e. either it could come from the marks you scored or lost in homework…..be your best in all.

    #373249
    yankeeaccountant
    Participant

    Making progress….but it is slow in coming. I am realizing with each day how easy it is to miss the question. Since I have taken this exam previously, I know that time isn't really a factor in test taking strategy, so I am really taking the time to read the questions slowly–that seems to be helping!!

    GL studying…

    #373250
    puppylucy
    Participant

    Hi, I am new one here…

    Hopefully I can study auditing with all of you.

    Best wishes to all of us

    #373251

    when ids your exam puppylucy

Viewing 15 replies - 316 through 330 (of 1,748 total)
  • The topic ‘AUD – Exam Prep - Page 22’ is closed to new replies.