AUD Study Group – October/November 2012 - Page 11

  • This topic has 392 replies, 94 voices, and was last updated 13 years ago by Anonymous.
Viewing 15 replies - 151 through 165 (of 392 total)
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  • #384907
    Tootsie
    Member

    I'm now on the last section of the last chapter, Government Auditing. Yay! Hope to be done tonight so that I can review everything for the next two weeks.

    Good luck to all those testing this week!

    FAR - 76
    AUD - 88!!! DONE!!!!!!!!
    BEC - 76
    REG - 77

    never, never, never give up

    #384908
    M
    Member

    thanks NGUY and Shay. this plan of doing 70 to 90 mc's a day, 30 mc's at a time is working well. i'm reading the ninja notes 30 pgs at a time. have finished reading 2x.

    didnt do so well in sims. 🙁 progress tests are around 60. but everytime i do mc's i'm re-learning the concepts. moved to wiley today. i think i'v memorized the becker questions even the wrong one's.

    still need to finish some sims tonight. work on weak areas. for me 1. transaction cycles, ratios, audit sampling.

    @ shay i'm following your lead. will do a complete exam tom. 4hrs straight. will post results when i'm done.

    happy studying everyone!!

    “If you dont have time to do it right, when will you have time to do it over?"
    FAR - 64, 81... exp 11/30/13
    AUD - 54, 67 Retake Jan
    BEC - Feb 28th
    REG - TBD

    #384909

    Im taking the test tomorrow. I think im more scared for this than FAR and BEC combined. good luck to everyone taking this testing period. Do more questions.

    FAR 90
    BEC 87
    REG 82
    AUD 2/14/13

    #384910
    Tootsie
    Member

    @MonsterRedBullPassCPA, good luck! Let us know how it went!

    FAR - 76
    AUD - 88!!! DONE!!!!!!!!
    BEC - 76
    REG - 77

    never, never, never give up

    #384911
    Tootsie
    Member

    I finished all the chapters and problems and have 34 pages of notes, wuhoo. 13 days left of studying.

    FAR - 76
    AUD - 88!!! DONE!!!!!!!!
    BEC - 76
    REG - 77

    never, never, never give up

    #384912
    Shay
    Member

    Does anyone understand SIM on page # 52

    please explain..

    Created with Compare Ninja

    #384913
    M
    Member

    i saw a couple of sims on ratios in becker. one was ok but the other was a nightmare!

    how important are ratio's?

    “If you dont have time to do it right, when will you have time to do it over?"
    FAR - 64, 81... exp 11/30/13
    AUD - 54, 67 Retake Jan
    BEC - Feb 28th
    REG - TBD

    #384914
    Sonyafm
    Member

    I am feeling pretty bad because I have decided not to study for a whole month at least and hold on to pursuing the CPA becuase my family is feeling that I am neglecting them. I have too much on my plate just like all of you…I have to take time off. Do you recommend for me to get new updated notes and books if I decide to start again next year? What has been your experience? I appreciate your feedback

    thanks

    #384915
    Shay
    Member

    @Sonyafm…which section have you passed so far? I recommend Becker only and only Becker.

    #384916
    Sonyafm
    Member

    I have only tried to pass AUD and I took it twice and got a 71 first and then a 70. I have to note that I didn't put the minimum hours required. I can tell that once I put more time studying I will pass. Thank you for your feedback. If I decide to get back to studying on 2013 would you recomend to get Becker 2013 when I have all the books and CDs for 2012?

    #384917
    Sonyafm
    Member

    I have only tried to pass AUD and I took it twice and got a 71 first and then a 70. I have to note that I didn't put the minimum hours required. I can tell that once I put more time studying I will pass. Thank you for your feedback. If I decide to get back to studying in 2013 would you recomend to get Becker 2013 when I have all the books and CDs for 2012?

    #384918
    Shay
    Member
    #384919
    Sonyafm
    Member

    Shay thank you so much for the link!!!! That answered my question to the T and more. thank you!

    #384920
    Sonyafm
    Member

    Maybe I'll keep reading and working on some questions in October so I don't lose anything that I already learnt and memorized. I'll just study the right amount of hours but spread to a longer period.

    #384921
    Sonyafm
    Member

    @ Alpha, ratios are important. The last simulation I got was about Ratios and I didn't noticed that I only had 10 min left to go over that one that I new very well, but my brain froze when I noticed how little time I had. I didn't know how to do a simple division and it didn't occur to me to do it on the calculator that is on the research tab. You need to know the formulas of the most common ones . You need to know the accounts that affect each ratio. For example if Inventory is higher in year 2 vs year 1 does the Inventory turnover ratio increase or decrease? So you need to know the formulas and accounts that are impacted.

    @ Shay about that simulation it's requesting you as the accountant or auditor what will be your advice to Management. If there confirmation says that the ending balance of the AR account is different that the current balance. You will recommend to post an adjustment to reflect the correct balance. What would you do questions?

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