[123]

Hi guys, I tried the AUD exam a month ago and I scored 72.

One question in the task-based simulations was really confounding and I would like to know if someone already faced it ou know where I could find more examples.

In question there was a table (see bellow) with 10 items asking to demonstrate in the following colums (asset,liability,equity,revenue/expense) the journal entries impact. In additional, it was asked that for overstatement use positive numbers, understatement use negative numbers, and where there was no impact use “0”.

| Asset | Liability | Equity | Revenue/Expense
Question 1
Question 2
Question 3

When I started to workout in the question, I got totally confused, some example:

Example 1: AA Computers provides 3-year money-back warranties on all laptops. During Year 1, warranty claims decreased significantly, which reduced the estimate in USD250k. The company has not reduced the warranty reserve.
How to record this in the question?

Example 2: Global Co. imports most of its products from a foreign supplier. During Year 1, a new technology made part of the Global Co. inventory obsolete. Management estimate that USD100k are obsolete items in the inventory. The company has not made any provision.
How to record this in the question?

Example 3: BB Co. changed its revenue recognition method from completed-contract method to percentage-of-completion method, which reduced the accrual revenue in R$500k.
How to record this in the question?

I was studying through Becker material, but I also bought Ninja. Both material do not have a similar example.

Also, is possible to receive from Nasba my exam showing my answers?

Thanks guys!

[Missy]

This is a clear exam disclosure, which is not allowed either by the AICPA or this forum.

Licensed Massachusetts Non Reporting CPA since 2012
Finance/Admin/HR Manager

[Yolonge]

I hope AICPA tracks you down and permanently ban you from taking the exam. You are a disgrace to the profession.

Materials: Wiley book + Ninja MCQ

FAR - 83 (Jan 2016)
Study time: 6 weeks
BEC - 87 (April 2016)
Study time: 2 weeks
AUD - 92 (July 2016), (74 Feb 2016), (72 May 2016)
Study time: 4 (Feb) + 2 (May) + 3 (July) = 9 weeks total
REG - (70 April 2016)
Study time: 3 weeks

[Missy]

Well I doubt it ever gets THAT serious (but make no mistake the AICPA keeps tabs on this forum ladies and gentlemen) and I imagine the very specific examples were out of the review material but just ALLUDING to the topic/type of questions on the exam is a BIG no-no and please don't say you didn't know that, you agreed to it at prometric when you launched the exam.

Licensed Massachusetts Non Reporting CPA since 2012
Finance/Admin/HR Manager

[Anonymous]

I don't now if am allowed to answer
I think this a disclosure of exam question
If it is ok for jeff I will answer your question

[123]

Guys, this is note a question of the exam. I took example from Becker and Ninja. Anyway, I will delete this post.

[Gary]

That's not the issue. You can't openly say you saw this on the exam. That's the issue.

AUD 8/18/16
FAR 11/16
BEC 1/17
REG 2/17

[Author]

Replies