[jeff]

AUD Resources:

Free AUD Notes & Audio – https://www.another71.com/cpa-exam-study-plan

AUD 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

AUD Score Release: https://www.another71.com/cpa-exam-scores-results-release

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[littlenumberrobot]

@Qlad – go back to your FAR material and learn the ratios. Audit material will only make brief references to them, but there is the large possibility of them being on the exam.

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%

[littlenumberrobot]

@Qlad – go back to your FAR material and learn the ratios. Audit material will only make brief references to them, but there is the large possibility of them being on the exam.

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%

[Anonymous]

Hello everyone,

This might be a stupid question, but please I need help (my exam is tomorrow). on one of my research questions in my becker material, I found an answer under the audit clarified standards and the old one. If I were to face this problem in the exam which one do I go with?

For example the research question was about the content of the letter sent to the client's attorney.

I found Au-c 501.22 and Au-337-09

I am confused help!!!!

[Anonymous]

Hello everyone,

This might be a stupid question, but please I need help (my exam is tomorrow). on one of my research questions in my becker material, I found an answer under the audit clarified standards and the old one. If I were to face this problem in the exam which one do I go with?

For example the research question was about the content of the letter sent to the client's attorney.

I found Au-c 501.22 and Au-337-09

I am confused help!!!!

[littlenumberrobot]

Old AU will not be there to confuse you. Becker probably has them in there still because it would cost too much to remove them for the test takers after 7/1/13. Good luck!

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%

[littlenumberrobot]

Old AU will not be there to confuse you. Becker probably has them in there still because it would cost too much to remove them for the test takers after 7/1/13. Good luck!

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%

[Anonymous]

thank you! @littlenumberrobot

[Anonymous]

thank you! @littlenumberrobot

[Anonymous]

thank you! @littlenumberrobot

[Anonymous]

thank you! @littlenumberrobot

[Qlad]

@littlenumberrobot….

i am using Becker and…in FAR or AUD , they have the same two pages of appendix which is without any explanation… i am also using WTB but haven't really got to it so don't know if it will help…i know some basics but when i looked at the sim in the becker…i know they are very hard to get right…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

@littlenumberrobot….

i am using Becker and…in FAR or AUD , they have the same two pages of appendix which is without any explanation… i am also using WTB but haven't really got to it so don't know if it will help…i know some basics but when i looked at the sim in the becker…i know they are very hard to get right…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Anonymous]

For ratios I would learn Gross Margin Percentage, inventory turnover, accounts receivable turnover, quick/acid-test, current ratio and other basic ratios. For the turnover ratios the denominator is always in the ratio name. For example, inventory turnover is COGS/average inventory. A/R turnover is credit sales/average A/R. Just have to memorize it. Another to remember is the Quick ratio/acid test ratio. (Cash + accounts receivable + trading securities)/current liabilities. I remember this by CARTS/current liabilities. It's very important that you understand the effect of one item changing in the ratio. For example if the numerator increases the ratio increases, if the denominator increases the ratio decreases. There are a number of questions in Wiley regarding ratios. If you can't find the ratio in your book look at investopedia.

[Anonymous]

For ratios I would learn Gross Margin Percentage, inventory turnover, accounts receivable turnover, quick/acid-test, current ratio and other basic ratios. For the turnover ratios the denominator is always in the ratio name. For example, inventory turnover is COGS/average inventory. A/R turnover is credit sales/average A/R. Just have to memorize it. Another to remember is the Quick ratio/acid test ratio. (Cash + accounts receivable + trading securities)/current liabilities. I remember this by CARTS/current liabilities. It's very important that you understand the effect of one item changing in the ratio. For example if the numerator increases the ratio increases, if the denominator increases the ratio decreases. There are a number of questions in Wiley regarding ratios. If you can't find the ratio in your book look at investopedia.

[Qlad]

ahhhh…my good ‘ol friend casagarber… thanks for the suggestion… i am barely making in 50s on Becker's ch 4 MCQ…can't understand the COVERU and assertions of mgmt at all…ratios are another set of battle for me…but this is making some logic now..thanks to u…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Author]

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