[jeff]

Trying something new …

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

[mrwills12]

@Jpgrocho

Thanks! I was just wondering if it was worth it because when i took my FAR exam all the simulations seemed to be things that you could not really rely on the AL for. I will definitely try to manage my time so i can hopefully look some sims up.

FAR - 88 (Jul 2012)
AUD - 85 (Oct 2012)
BEC - 82 (Nov 2012)
REG - 92 (Jan 2013) DONE!

Using Becker Self Study 2012

[Tootsie]

Just 9 days left until my exam. I am doing well on the progress tests and questions on practice exam #1, but the sims are killing me. Just have to practice more on sims and hopefully I'll be okay on exam day.

OT: My pooch is sleeping on her back with her paws up in the air, so cute! Wish I could trade places with her sometimes. Lol.

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

never, never, never give up

[foreseeableCPA]

Taking my exam at 1 today. 75 75 75 75 75 75 75 75 75 !

CPA - Class of 2013
CIA - Class of 2016

[Anonymous]

Good luck. and post your experience. I am taking mine on Monday!!!!!!!

[redox1100]

I was going over my A1 notes and had a quick question…

Can an uncertainty be a type of scope limitation? (i.e. not having enough evidence about a lawsuit will pose a scope limitation to offer an unqualified opinion.).

Thank you so much in advance

[mrwills12]

@redox

Yes an uncertainty can be a scope limitation that prevents an unqualified opinion. Uncertainties can have an unqualified opinion (all the information is disclosed and properly presented), or it can have a qualified/disclaimer of opinion (the auditor is unable to obtain evidence about the uncertainty), or finally the uncertainty can have a qualified/adverse opinion ( the auditor disagrees with management about the disclosure). So to kind of restate, uncertainties can cause all the different types of opinions depending on what is happening. If you are using becker there is a nice table that shows this on A1-18

FAR - 88 (Jul 2012)
AUD - 85 (Oct 2012)
BEC - 82 (Nov 2012)
REG - 92 (Jan 2013) DONE!

Using Becker Self Study 2012

[silliepanda]

Becker should include a pack of highlighters with the study material … especially for audit!!!! I feel like I “color” the whole page!

BEC - TOO MANY FAILS TO LIST! July 2015 I WILL GET IT!
AUD - AUG 2015- NEVER PASSED!
FAR - LOST CREDIT
REG - PASSED

[Nevergiveup2012]

I need help with A5 homework question.

For those who work with Becker material, this question is in CPA-02585

Q: An auditor established a $60,000 tolerable misstatement of an asset with an account balance of $1,000,000.

The auditor selected a sample of every twentieth item from the population that represented the asset account balance and discovered overstatements of $3,700 and understatements of $200. Is the account fairly stated?

A: (provided by Becker) Selection of every tweentieth item results in a sample that is 5% (1/20 = 0.05) of the population. The projected misstatement to the total population: $70,000 ($3,500/.05) or alternatively 3,500X20 = $70,000.

Since the projected misstatement of $70,000 exceeds the tolerable misstatement of $60,000, the account is not fairly stated.

The part that confuses me is how they derived to the projected misstatement of $70,000 (3,500 X 20) since every 20th item is not the same as 20 sample size. Without knowing the number of item tested or the audited values of items tested, I just don't understand how they can come up with the projected misstatement. Maybe I am just too dumb to understand this algebra. Please help.

BEC - 86 (8/31/12)
AUD - 97 (11/18/12)
REG - 83 (5/12/13)
FAR - 91 (12/2/13)
Done!!!

[sbarkerACPA]

They took the net of the overstatement and under statement $3700 overstatement- 200 understatement = $3500. Each 20th item had one of these errors. 3500/.05 gives you the misstatement that you should project onto the population. $70k is more that what you are willing to tolerate ($60k) so you can conclude that account is not fairly stated. I hope that helps..

BEC: 74;81
AUD: 77
REG: 71; 80
FAR: 78
License for CPA----APPROVED
CPA Class of 2013

[Shay]

How do you solve this problem? Bank Transfer Schedule type problem

https://postimage.org/image/wnq20iyal/

Answer C:

[mrwills12]

@ shay

All you have to do is look at when the deposit was recorded on the Books. If it was recorded in year 1 the check disbursement should have also occurred in year 1. So to answer the question, choice C is the right answer because the deposit was recorded in year one on the books but was recorded as a disbursement in year 2.

FAR - 88 (Jul 2012)
AUD - 85 (Oct 2012)
BEC - 82 (Nov 2012)
REG - 92 (Jan 2013) DONE!

Using Becker Self Study 2012

[Shay]

@mrwills12…thanks

[Soon2BCPA127]

Hello all – so this is the first time i've utilized NINJA AUD Notes with Becker material for my exam prep. I have my exam scheduled for Oct 15th. I took my practice Exam 1 and scored 70s. I was wondering how else can i improve my score? Would you guys have any suggestions? Should i postpone my exam? I've rewritten ninja notes 3 times, done all homework/lectures. Redone homework. Just trying to bump up my score not sure if its possible to bump it up in next few days or if i should just postpone it. Any advise would help ..i'm running out of ideas and time.

also – i noticed becker practice final had slightly different explaination then the lecture itself i was slightly confused..has anyone experienced that?

would wiley question help are they different than Becker?

[teeteenounouche]

@Soon2BCPA127 I re-wrote the ninja notes and I also re-wrote the explanations of my wrong answers on the practice tests from CPA Excel so that the correct answer and reasoning would stick…I re-took the AUD test yesterday so I am hoping this strategy put me over the hump from my last score of 73.

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[sbarkerACPA]

@soontobecpa127 My exam is on the 17th. This week I plan to redo all MCQ and continue to review simulations. I only took Becker Final Review 1, averaging 73. I will take the last one closer to the end of the week. I have never taken Audit before and Auditing is really foreign to me so I purchased the Wiley text-book on auditing and I used to get more MCQ. I also plan to purchase the CPAreviewfor free.com practice Sims. I praying this is enough to get me at least 75. I would say review more and more.

BEC: 74;81
AUD: 77
REG: 71; 80
FAR: 78
License for CPA----APPROVED
CPA Class of 2013

[Author]

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