[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

[NYCaccountant]

Thanks Gabe!! Yea, I was looking in the book for that and could not find it. Some friends sent me notes on it though, which I'll read tonight most likely. You're an Auditor? You should be fine for this exam! Are you doing better on Ninja this time compared to the last time you sat?

@Priscilla Actually the treasurer is the custodian function I believe, at least for mailing payments. The credit- sales department will be the authorization, accounting department record keeping, and treasurer is the custodian. Writing off receivables has to be authorized by someone outside of the billing and sales function.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Gabe]

@NYC let me know if a specific time frame is mentioned. Like I said, I haven't seen it in any book, just in real life.

CPA, CFE
CISA- Experience will be completed by August 2016

[NYCaccountant]

I has a SIM on Ninja and it said it should be within 2 weeks of the report date. So you were right on the money! I just could not find it anywhere in my review materials.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[gflurry]

Hey folks,

I scored a 67 on AUD in May, next attempt on July 26th. I used CPAexcel, CPAreviewforfree and Ninja Notes the first round. Used CPAexcel exclusively until four weeks prior to exam. I am going back through all of the material again, but I am worried about the MCQ and practice, as I already have memorized the answers for CPAexcel and CPAreviewforfree. I am thinking about getting the NINJA MCQ, any thoughts. Also, I really bombed the SIms. I am not sure how to “study” for them, as it seems they test overall accounting knowledge, not just AUD. Any thoughts/suggestions woul help, I can barely stomach the material this time through, MUST PASS in JULY!!

AUD: 67, 81 (NINJA MCQ's ONLY for 2nd Attempt)
FAR: NOT GOOD, LARRY!
REG: ??
BEC: 4/4/2015

"F**K CALM, GET MAD. DESTROY!"

[Gabe]

Awesome! Score 1 for real world experience haha. There's also a WTB SIM kind of like that too…where the report date is given and 5 letters of inquiry are received at various times.

CPA, CFE
CISA- Experience will be completed by August 2016

[NYCaccountant]

Yes @Gabe. I just did that one again in Wiley today. First time I got a fat 50 on it. Second time I got 100 and I did not memorize the answers, which is a good thing. I understood that 2 week rule though.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

@gflurry …definitely get the Ninja MCQ's. It's been really helpful to do practice questions and I found the Sim's to be really helpful as well.

[CPA_TO_BE]

Hi All,

I am done with REG.. my next is audit…. I am using Becker.. currently studying A1.. almost done… can anyone can tell if i should study in order or i can pick for example A5 chapter to study next?

sorry for asking such a stupid question 🙁

I m really nervous abt Audit since every word is new to me…. so any suggestion will help me!

thanks!

Becker Self Study, Gleim Multiple/Simulation Test Bank

[Anonymous]

cpa_to_be

The first time you go through them, I'd do them in order. Then after you finish all of them, take a 90 question progress test over everything and then do the ones you're weaker on.

However, do you really want advice from somebody with my scores?

72,73,70

Good Luck

[Anonymous]

TRANSACTION CYCLES….So much damn information. I am using Becker and I watched the online lecture, and attended the live class, and I still do terribly in this section. About to watch this section online again.

What are the main take away points with transaction cycles, and how do YOU remember everything? Any advice on this section? Thanks, ladies and gents

[CPA_TO_BE]

thanks Ancel!

[Anonymous]

How do you guys study for audit procedures by transaction cycles? I literally got 4/18 doing Becker MCQs and stopped because obviously I did not absorb anything from watching the lecture and reading the section. I'm so confused. Everything looks the same.

[lvr21]

I ended up having some crazy life things happen so I have pushed my test back to August! After this crazy week , I will be ready to buckle down and finish this thing up!

I'm excited to see people actually contributing to this study group!!

Let's all pass Auditttt!!

{R: PASSED!! (I passed one!)}
{B: PASSED!! (Halfway there!)}
{F: PASSED!! (1 left!!!)}
{A: PASSED(I am done!!)}

[iddyrashy]

@cindywindy the medicine for transaction cycle is to read and understand the concept, if you can draw the transactions control by using flow chart especial purchase to pay and revenue to cash. Becker notes have many staff in it, but get the concept and do as many MCQ as possible. In the end you will find transaction cycle is one of the okay section.

AUD 89 (07/06/14)
REG 83 (08/27/2015)
FAR 78 (04/27/2015)
BEC 75 (11/13/2015)

TEXAS 2016

[iddyrashy]

Which of the following is not a basic rule for achieving strong internal control over cash?

A)Separate the cash handling and recordkeeping functions.

B)Decentralize the receiving of cash as much as possible.

C)Deposit each day’s cash receipts by the end of the end.

D)Have bank reconciliations performed by employees independent with respect to handling cash.

The correct answer is B and I agree with that, however C supposed to read deposit each day cash receipts by the end of the day and “NOT end of the end.

I'm I missing something here? WTB I heard it does have typo errors and I guess this is one.

AUD 89 (07/06/14)
REG 83 (08/27/2015)
FAR 78 (04/27/2015)
BEC 75 (11/13/2015)

TEXAS 2016

[Author]

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