[MCLKT]

Hi all of my Auditing class of 2013 Ninjas!

Is there a study group topic for Jan/Feb 2013 yet?

If not, can we start one?

I have scheduled my exam for 1/11. This is my second try (73 in Aug. 2012). Tonight I am going to take a mini practice exam to see what I remember and get and idea of my weak spots. And tomorrow I begin re-watching Yaeger vidoes. The entire timeline is to work book questions as I go through each module. Wrapping up the last video by Dec 14. And will do nothing but review, review, review until 1/10. Oh, and take my holiday vacation at the end of December, yikes!

What review material are you using? When is your exam? What topics have you covered? Any tips yet?

A:[73]97 F:[74]85 R:86 B:[74]82
*NINJA 10 Pt. COMBO & Yaeger*

[hwtCPAexam]

@soxfan866 – In my opinion this doesn't seem like a bad idea, but it really depends on your situation. You'll never feel 100% ready. For audit, I started studying on 11/17/2012 and sat for the exam on 1/8/2013. I felt like it was way too much time because I finished going through all of the course material on Dec 21 and basically had almost three weeks of time to review the material. I took about one and a half to two weeks to do a final review for each of the previous three exams. If I could go back I would have sat for the exam on Jan 2.

FAR 07/11/12 91
REG 08/20/12 89
BEC 10/01/12 84
AUD 01/08/13 88

[GreenMonkey]

I don't want to sound like “that” person, but could anyone provide me some advice about ratios? How much time should I spend with them (are they worth making flashcards?)

I'm familiar with most of them from school, but I'm wondering if I should have them down cold for exam day or if a general familiarity is sufficient.

I don't want to sound like I'm trying to get out of doing studying (because I wouldn't actually mind and might prefer if they are heavily tested) but I'm just wondering what the general consensus is.

Thanks for any help!

REG- 91
AUD- 97
BEC- 91
FAR- May

[MCLKT]

GOOD LUCK TOMORROW 23k!!!!

I get my score on the 5th 🙂

A:[73]97 F:[74]85 R:86 B:[74]82
*NINJA 10 Pt. COMBO & Yaeger*

[soxfan866]

hwtCPAexam – thanks for the advice. I checked the Prometric schedule and they only have appointments tomorrow at the test center closest to me. I think I'm going to try to take the exam on Tuesday if anything opens up.

I took the second practice exam with similar results except I bombed the first testlet with 60%, but then managed 96% in the second testlet. Weird, but I guess that's just the way it goes.

GreenMonkey – I haven't taken the exam yet, so I may not be the best person to listen to, but it seems like you could get away with only have a general understanding of the ratios. The 15 or so questions Becker has in that section seem as though they would be considered a “difficult” question if you were to run into them on the exam. I didn't do so hot on those ones, but I did fine on the questions in the other sections related to ratios and the ratios simulations on the final exams.

[Imation]

@GreenMonkey

Honestly, you don't need to MEMORIZE the ratios. For me, it was easy knowing them because AUD was my last part, and I had to familiarize myself with the ratios for BEC and FAR.

In my experience after going through the practice exams in Gleim, CPAExcel, and then taking the actual exam, AUD doesn't really test you too much on ratios in the sense that you need to solve them. Instead, AUD tests you on how you interpret the ratios. So if Days' Sales in Receivables goes up a significant amount year-over-year, what does that mean? What kind of risks are going to be present in the audit?

[GreenMonkey]

Thank you both for your insight. I didn't realize that ratios were tested on both FAR and BEC (although I probably could have assumed they would be tested on FAR).

II'll probably spend some time on them if I'll have to for the other exams anyway. I don't think it will take too long and it's good to know that ultimately it wouldn't be a waste of time.

Thanks again!

REG- 91
AUD- 97
BEC- 91
FAR- May

[Anonymous]

AUD in the morning. Fingers crossed I managed to get enough studying in even though it's busy season and I've been working like crazy. Here's hoping I get lots of questions that my auditing background gets me through!!

[littlenumberrobot]

Hello!

I have been doing really good on my MCQ which has never occured with any of my testing… does this mean I finally get audit? Those of you using Wiley, are you also experiencing this? I don;t want to get overconfident…. but could it be I am finally learning how to read the questions right?! I've always thought audit was tricky.

CA CPA - All because of the journey listed below
-----------------------------------------------------------------------
FAR - 53('10), 8/25/12 79 PASSED!
REG - 66('11), 69('12), 12/06/12 77 PASSED!!
BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

(Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

Ethics 90%

[23K]

Just got done with Audit –

MCs werent so bad at all.

SIMs were what I expected

I dont know if I pass or not but I feel relief – I just hope all this studying for 7 weeks paid off.

What should I do? wait for AUD score around FEB 25 or start FAR first week of FEB

AUD--52,68,83, expired. Retake = 74 RETAKE - 7.24.26
FAR--73,70,68,75
BEC-- 79
REG-- 68,62,75

[samdiegoCPA]

Ugh, struggling with Auditing. It is so boring to me that I am having the hardest time learning/concentrating on the material. I feel like so many of the answers are similar or could be correct.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Anonymous]

I really have big problems dealing with transaction cycles in lecture 4.

I did Becker MC several times on this part, the results were so bad.

Just feel that the materials in the book could not help me select the right answer of these questions at all….

Especially I did not have any real world auditing experience.

Feel so bad.

[wendywhite]

Checking in with the Auditing crowd!

I'm scheduled for Auditing Feb 19th

Using 2nd hand Becker, & Wiley.

Bought a digital recorder & recorded all of Becker & I listen to it while driving/ working/ cooking/ laundry/ etc… I created notecards while reviewing this.

Now I'm working my way through the printed Wiley 100% of all MCQ & SIMs – and creating notecards as I go.

I'm reworking my way through the Becker material to ensure I created a notecard for all the important info – as far as doing wiley – I make notecards when I miss the question – or when I find the answer of the question provides good insight.

I am heading into working my way through Wiley section 4 MCQ & Sims for the rest of the day – I don't think I'll finish tonight since there are so many.

For my study schedule I try to get 30 min to 1 hr before work – 30 – 45 min at lunch, & 2 hrs at night. I study 6-8 hrs each weekend day/holiday. Some days I get all that in & some I don't of course.

As for when I get bored/sleepy – – I switch methods of studying. I'll switch out of questions and start making or reading notecards. If I am really sleepy I will make recordings of the questions to listen to – – talking through it keeps me awake. If noise is a distraction for you – try earplugs & Gingko biloba (it helps me focus quickly).

I work full time/ have 3 kids & I have been out of school for 17 years – – so this road is a long one. All self teaching. Just wanted to share that part for any others who are coming back to studying after several years out of school.

For FAR I purchased a new intermediate accounting text book & I used Yeager videos & printed material from becker & wiley practice questions Printed & the wiley online test bank. I recommend using a text book & yeager videos (which are more teaching in style than becker) – if you have been out of school for a while & are self studying.

I try to focus on practice tests constantly (online test bank) in the final two weeks and reviewing notecards. I renew my memory of things like ratios in the last couple days – because they are harder to retain.

FAR 11/2012: 80
AUD 2/19/2013: 90
REG 5/14/2013: 76
BEC 11/2013: 85
Ethics: 100
Waiting on the packet....

[wendywhite]

Is anyone using Yeager videos for auditing?

they were really good at pointing out the TRICKY things to watch out for.

Got any to share?

For myself – I notice that the “least” “not” & “required” words are easy to remember & alert me to a possible trick/easy to miss type scenario.

Anyone want to share their easy to see tricky question words?

FAR 11/2012: 80
AUD 2/19/2013: 90
REG 5/14/2013: 76
BEC 11/2013: 85
Ethics: 100
Waiting on the packet....

[Anonymous]

Confused with postive confirmation and negative confirmation. I understand that if large number of small balance is use the negative confirmation. How about large balance acct? Should it be use positive conformation? Thanks!!!

[Masry1989]

Hi All ,

I'm new to the forum ,

I'm stydying FAR and AUD from materials of 2011 , I think that there was no changes in Both of them till end of 2012 , nowadays ,a friend told me that there will be changes to exam in July 2013 ( and my plan to sit for exam next October) , and another friend told me that this is false as per AICPA site , I searched the website and read the Updates for 2013 and updates for 2014 , and I didn't know the fact of the matter , so please anyone have any idea about whether exams in October and November 2013 windows will be affected by changes in 2012 or 2013 announced or not ? if yes please list

Thanks alot

[Author]

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