AUD Study Group October November 2013 - Page 16

Viewing 15 replies - 226 through 240 (of 1,096 total)
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  • #478003
    Anonymous
    Inactive

    @3down – this question is one where you have to determine the BEST right answer. An auditor would normally check both deposits and checks on the cutoff bank statement. But they would verify the checks written at year end were cashed within the first few days of the year to make sure expenses weren't overstated. Also, by verifying the checks is a way to detect lapping.

    #477941
    lvr21
    Member

    @Mel & 10key

    I am on target right now, but I'm in my major review stage of studying. I took two “practice” quizzes of 30 questions each last night just on reports/reviews/comp and got a 60-something and an 80! haha! I feel like I'm all over the board!

    @Mel I completely understand being in a my-house-is-so-dirty-i can't-concentrate-on-anything funk.

    @10 key.. I havn't studied for Financial yet.. is there anything specfic that I can look at that may help me out with AUD? I am studying with Becker and NINJA everything!

    @3down & @Clarissa … on the question 3 down posted.. what excatly does “prior year checks” in answer choice A mean? the year we are auditing?

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

    #478005
    lvr21
    Member

    @Mel & 10key

    I am on target right now, but I'm in my major review stage of studying. I took two “practice” quizzes of 30 questions each last night just on reports/reviews/comp and got a 60-something and an 80! haha! I feel like I'm all over the board!

    @Mel I completely understand being in a my-house-is-so-dirty-i can't-concentrate-on-anything funk.

    @10 key.. I havn't studied for Financial yet.. is there anything specfic that I can look at that may help me out with AUD? I am studying with Becker and NINJA everything!

    @3down & @Clarissa … on the question 3 down posted.. what excatly does “prior year checks” in answer choice A mean? the year we are auditing?

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

    #477943
    Anonymous
    Inactive

    @lvr, yes the year we are auditing – before 1/1

    #478007
    Anonymous
    Inactive

    @lvr, yes the year we are auditing – before 1/1

    #477945
    thehip41
    Participant

    @3down

    Welcome to AUD. I've found the more MC I do, the more clear these questions become.

    What was once a question and 4 identical correct answers turns into one question and two wrong answers, and two identically correct answers ๐Ÿ™‚

    FAR - 83
    AUD - 73 92
    BEC - 83
    REG - 88

    Licensed CPA in the state of Michigan

    #478009
    thehip41
    Participant

    @3down

    Welcome to AUD. I've found the more MC I do, the more clear these questions become.

    What was once a question and 4 identical correct answers turns into one question and two wrong answers, and two identically correct answers ๐Ÿ™‚

    FAR - 83
    AUD - 73 92
    BEC - 83
    REG - 88

    Licensed CPA in the state of Michigan

    #477947
    Anonymous
    Inactive

    Well, I'm through all the Becker material (lectures & hw) besides 1 of the SIMS for A4. I just did my first progress test of all the chapters and got a 77%. My plan for these last 2 weeks is constant progress tests, the 2 final exams in Becker and I may purchase the Wiley Test Bank for the last week but I haven't decided yet. Hoping to knock this one out Oct 3rd!

    #478011
    Anonymous
    Inactive

    Well, I'm through all the Becker material (lectures & hw) besides 1 of the SIMS for A4. I just did my first progress test of all the chapters and got a 77%. My plan for these last 2 weeks is constant progress tests, the 2 final exams in Becker and I may purchase the Wiley Test Bank for the last week but I haven't decided yet. Hoping to knock this one out Oct 3rd!

    #477950
    LT-P
    Member

    thanks @clarissa

    @thehip that seems to be the right thing to do but it's taking me forever to get through these transaction cycle MCQs ..

    after conquering FAR I was confident that I was a fairly intelligent person .. but Transaction Cycles make me feel REALLY dumb. Am I alone here??

    - passed all 4 exams on my first try using Becker!

    Ethics: TBD

    #478013
    LT-P
    Member

    thanks @clarissa

    @thehip that seems to be the right thing to do but it's taking me forever to get through these transaction cycle MCQs ..

    after conquering FAR I was confident that I was a fairly intelligent person .. but Transaction Cycles make me feel REALLY dumb. Am I alone here??

    - passed all 4 exams on my first try using Becker!

    Ethics: TBD

    #477952
    thehip41
    Participant

    Not at all T. I am trying a different method than I did with FAR, and I hope it works.

    In FAR, i read the chapter, then outline the chapter the next day, really taking my time and drilling it in. Then i would do half the MC in the Gleim software, or more until I was understanding it. Then move on. For Review, I did the remaining MC and some practice sims.

    For Auditing, I'm going to read the entire book, no outlining, and do ALL the MC in Gleim, then the last week I'm going to get the wiley test bank and do ALL the MC and all the SIMS.

    I think I am going to have to outline the 3 chapters on reporting because I remember that being more difficult for me.

    So, Ive read 15-20 chapters, and I've done 400 of 2060 MC in Gleim. I'm scoring at 65% right now. It's humbling. But, I know I have 1500 more Gleim MC and 1000 more Wiley MC, so I'm going to keep at it, and I hope by test day, I'll know enough, and have enough practice to pass this one too.

    For me, FAR is all about learning how to do problems, AUD is memorizing some rules and then applying Logic to get the answers. It's not easier, nor more hard than FAR, just so different.

    But yes, it's humbling right now ๐Ÿ™‚

    FAR - 83
    AUD - 73 92
    BEC - 83
    REG - 88

    Licensed CPA in the state of Michigan

    #478015
    thehip41
    Participant

    Not at all T. I am trying a different method than I did with FAR, and I hope it works.

    In FAR, i read the chapter, then outline the chapter the next day, really taking my time and drilling it in. Then i would do half the MC in the Gleim software, or more until I was understanding it. Then move on. For Review, I did the remaining MC and some practice sims.

    For Auditing, I'm going to read the entire book, no outlining, and do ALL the MC in Gleim, then the last week I'm going to get the wiley test bank and do ALL the MC and all the SIMS.

    I think I am going to have to outline the 3 chapters on reporting because I remember that being more difficult for me.

    So, Ive read 15-20 chapters, and I've done 400 of 2060 MC in Gleim. I'm scoring at 65% right now. It's humbling. But, I know I have 1500 more Gleim MC and 1000 more Wiley MC, so I'm going to keep at it, and I hope by test day, I'll know enough, and have enough practice to pass this one too.

    For me, FAR is all about learning how to do problems, AUD is memorizing some rules and then applying Logic to get the answers. It's not easier, nor more hard than FAR, just so different.

    But yes, it's humbling right now ๐Ÿ™‚

    FAR - 83
    AUD - 73 92
    BEC - 83
    REG - 88

    Licensed CPA in the state of Michigan

    #477954
    Anonymous
    Inactive

    I think I've figured out that one of my reasons for failing AUD was because my study materials are from 2011. They were borrowed from someone because I can't afford the books/test banks in addition to the costs of the tests and my remaining classes needed for my educational credits. I was able to purchase the Ninja notes, Audio, and Flashcards during this last sale that Jeff had. Anyone know how much has changed since 2011 that it's even worth trying to take again with those materials? I still can't afford new books or test banks right now. My score was a 65 so I was hoping that if I beefed up the practice on my SIMS then I really could pass without the new stuff, but as I'm starting my restudying I'm not so sure.

    #478017
    Anonymous
    Inactive

    I think I've figured out that one of my reasons for failing AUD was because my study materials are from 2011. They were borrowed from someone because I can't afford the books/test banks in addition to the costs of the tests and my remaining classes needed for my educational credits. I was able to purchase the Ninja notes, Audio, and Flashcards during this last sale that Jeff had. Anyone know how much has changed since 2011 that it's even worth trying to take again with those materials? I still can't afford new books or test banks right now. My score was a 65 so I was hoping that if I beefed up the practice on my SIMS then I really could pass without the new stuff, but as I'm starting my restudying I'm not so sure.

Viewing 15 replies - 226 through 240 (of 1,096 total)
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