[Q3] AUD Study Group 2014 - Page 36

Viewing 15 replies - 526 through 540 (of 1,389 total)
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    Replies
  • #592672
    Anonymous
    Inactive

    Ancel, I do the practice exams mainly because they present new questions that aren't in the homework MCQs. Since, most people say the practice exams are “harder” than the actual CPA exam, and I totally agree, I don't let the score bother me. I use it as a learning tool to see where my weaknesses are so I can go over that material again. But I plan on doing my practice tests next week after I finish re-reading the entire book and do all the HWs.

    #592673
    Pumpkins
    Member

    Ok guys, I'm taking the exam on Saturday, July 5th

    I just did the full Gleim practice test and scored a 79%- think this will cut it? I keep hearing Gleim has the hardest questions and people tend to score higher on the actual exams.

    Of course I'm going to study all week and work on my weak areas.

    AUD- 93
    BEC- 81
    FAR- 1/26/2015
    REG- TBD

    CIA Exams Passed in March, 2014

    #592674
    NYCaccountant
    Participant

    Had anyone found the answer to my question? Repost:

    Can someone help me out with this? Is this Ninja sim incorrect? By definition, average equity is beginning equity plus ending equity divided by 2. I did that and Ninja marked me incorrect because they they took net income divided by ending equity for year 2, but in their explanation they include the definition below and then did the calc a complete different way. What am I missing?

    “Return on equity = Net income less preferred dividends ÷ Average common stockholders' equity

    No preferred dividends were paid.

    Net income for Year 1 = $24,400,000

    Stockholders' equity for Year 1 = $86,500,000

    $24,400,000 ÷ $86,500,000 = 28.21% for Year 1

    Net income for Year 2 = $13,815,000

    Stockholders' equity for Year 2 = $100,315,000

    $13,815,000 ÷ $100,315,000 = 13.77% for Year 2″

    It's SIM #55 by the way.

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

    #592675
    smyoung0521
    Participant

    HI everyone! I took a 6 month break from the exam due to starting a new job at a tax accounting firm. Now I am back to this and ready to get going!! I decided for my return back I am going to start with Audit. Here is my question….how long are you guys giving yourself to study for audit? I should be getting my book in the mail tomorrow and plan to begin studying. Should I attempt to take it at the end of August or hold off until October testing date. I thought about going with FAR first and then audit but I decided that this might be a better approach. Thanks for any feedback and look forward to studying with you guys!

    Restarting my journey!
    Using Rogers and supplementing with Ninja

    #592676
    iddyrashy
    Member

    @smyoung0521 six to eight weeks will be enough..

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

    TEXAS 2016

    #592677
    Anonymous
    Inactive

    @smyoung0521 7-8 weeks should be enough for audit, go for August end, you can do it. i started studying in end of april for my july 3rd audit exam and i now realize i had more time than i needed.

    #592678
    Gian
    Member

    @NYCaccountant – I got the same result for sim#55. You may send email to Jeff@another71.com.

    AUD - 69, 80
    FAR - 71, rematch 01/19/2015
    BEC - 01/12/15
    REG - 02/23/15

    If life knocks you down, try to land on your back, cause if you can look up, You can get up! No matter how bad it is or how bad it gets, I'M GOING TO MAKE IT.

    #592679
    NYCaccountant
    Participant

    Thanks @Gian. How is the studying going for everyone? Reviewing the chapters on Reporting and SSARs this week and then I got the chapters on Sampling and IT left to review next week. Trending score is now 88% in Ninja, 92% in Wiley. Moving my MCQ's up to 150 a day now. Oh by the way, totally agree with assessment on 7-8 weeks. That's enough for Audit.

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

    #592680
    Anonymous
    Inactive

    I am ready to give the exam! 🙂 Just waiting for Thursday. Finished Becker, Wiley and CPA Review for Free….started redoing all 1492 MCQs of Becker today…aim to finish them by Wednesday evening.

    #592681
    NYCaccountant
    Participant

    I'll be looking out for your experience @Alpa.

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

    #592682
    Anonymous
    Inactive

    @NYCaccountant – sure, will post about it.

    #592683
    Gian
    Member

    Finished Ninja MCQ last weekend with a trending score of 77%. Re-writing my notes, plan to review 145 mcq daily and 7 for simulation mostly on my weakest areas.

    AUD - 69, 80
    FAR - 71, rematch 01/19/2015
    BEC - 01/12/15
    REG - 02/23/15

    If life knocks you down, try to land on your back, cause if you can look up, You can get up! No matter how bad it is or how bad it gets, I'M GOING TO MAKE IT.

    #592684
    NYCaccountant
    Participant

    @Gian Are the SIMS on the real exam Like Ninja, or much harder? I think the Ninja SIMS, Wiley SIMS in some cases are comparable to each other. it's a just matter of what kind of SIM I get and what I'm comfortable with. Just asking as this is my first time sitting for AUD.

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

    #592685
    iddyrashy
    Member

    @NYCaccountant to my opinion I think it's important to be just familiar with SIMs questions and understand how to do Research on codifications. Other than that SIMs questions are all over the place.

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

    TEXAS 2016

    #592686
    iddyrashy
    Member

    I am so tired, I feel like I just want to take this damn exam so I can take a rest. I am super toasted.

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

    TEXAS 2016

Viewing 15 replies - 526 through 540 (of 1,389 total)
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