- This topic has 1,162 replies, 145 voices, and was last updated 9 years, 11 months ago by
trish_1234.
-
CreatorTopic
-
November 20, 2014 at 6:25 pm #190228
jeff
KeymasterFree 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/
-
AuthorReplies
-
February 24, 2015 at 3:47 am #650892
swilk
MemberThank you, LKD CPA. Some of these damn questions can be so tricky and technical.
AUD - 90 (2.26.2015)
BEC - 76 (5.4.2015)
REG - 79 (8.31.2015)
FAR - 76 (2.22.2016)Roger and Ninja MCQ FTW.
February 24, 2015 at 12:35 pm #650893Anonymous
Inactive@swilk – with your last question its just another “wording” issue… risk assessment for understanding the entity is AIIO, however when assessing internal control you use IRON (RIIO): inquiry, reperformance (tracing, etc.), observation and iNspection.
____________________________________________________________________________________________________
@Martin – this morning due to inclement weather I had to drive my wife into town for work, she reports at 4am, I don't normally go in until 7am. However, since I was in town already I went ahead and went into the office and decided to do a Becker “final exam” – the full 90 MCQ & 7 SIMs.
I'm not sure how you compute your final grade on the final exam to be the most accurate, however, based on my calculations on the correct %'s I scored around an 83% overall.
I hope this will remain true on Friday when I take the actual exam.
February 24, 2015 at 11:05 pm #650894Tre
MemberJust got my score for REG, now to start AUD… Any words of advice?
BEC - 84
REG - 88
FAR - 75
AUD - 71, Nov 2015February 24, 2015 at 11:09 pm #650895Anonymous
InactiveHaven't taken REG so I'm not familiar with it but I assume there is some computations involved. AUD is pretty much 100% conceptual. Looking at your past scores you seem to know what you're doing when it comes to studying so just continue doing what you're doing and you should be good.
February 24, 2015 at 11:12 pm #650896Martin
ParticipantARCPA2B, you got a great score. I only did the first 90 mc questions and also score in the low 80s. I hope we can both post on the famous Beker thread success stories actual vs final. How did you do on only the 90 mc questions? I will try the simulations tonight.
Through God all things can happen!
“You never fail until you stop trying.”
― Albert Einstein
When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
“Just keep swimming, just keep swimming.”FAR= 72-84
Audit= 73-82
BEC= 74-75
Reg=77February 25, 2015 at 12:11 am #650897Anonymous
Inactive@Martin – my 3 testlets scored – 83/90/80 – I missed a couple due to missing key words, so come exam day that's going to be one of my major focuses.
February 25, 2015 at 12:21 am #650898Martin
ParticipantMy 3 testlets scored – 83/90/87, I'm going for the simulations and the first 90 Questions on the second exam. I got 73 on the 1st testlet of exam 2,so it seems more complicated.
Through God all things can happen!
“You never fail until you stop trying.”
― Albert Einstein
When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
“Just keep swimming, just keep swimming.”FAR= 72-84
Audit= 73-82
BEC= 74-75
Reg=77February 25, 2015 at 12:33 am #650899Anonymous
InactiveFebruary 25, 2015 at 12:33 am #650900Anonymous
InactiveI'm going to try and work the second one either tomorrow or first thing Thursday morning before relaxing. I'll post how it goes.
February 25, 2015 at 1:01 am #650901Kate
MemberHey guys, just got my audit score- 93! My first CPA exam and I passed.
I'm about to start REG- any advice?
@Tre- perhaps you have REG advice?
I'm finding that REG is much harder than audit and I'm going very slowly through the material (using Becker). I am googling every other sentence– perhaps it's because I just graduated college in December and have very limited knowledge of taxes/insurance/benefit plans, etc. Not an excuse though!
My advice for Audit is to do less memorizing and more understanding. If something doesn't make sense to you, ask someone in Audit or research online. With that being said, I hope I pass the other 3 within the 18 month window so that I never have to see transaction cycles again. I still have no clue what those are (see previous posts in this study group).
AUD (2/3/2015) Pass
REG (4/24/2015) Pass
FAR (8/3/2015) Pass
BEC (10/25/2015) PassFebruary 25, 2015 at 1:08 am #650902Martin
ParticipantGreat score Kate. Based on what you wrote regarding your experience, I thought you failed, I'm glad I was wrong. How come you were so pessimistic after the exam?
How did you do on Becker's final exam 1 and 2 just mc?
Through God all things can happen!
“You never fail until you stop trying.”
― Albert Einstein
When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
“Just keep swimming, just keep swimming.”FAR= 72-84
Audit= 73-82
BEC= 74-75
Reg=77February 25, 2015 at 3:49 am #650903Kate
Member@Martin so when I took the Becker final exams, I was using a library computer and it logged me out for both of them (because I was using the full time; I didn't finish early), so my sims didn't save but my MC did. I went back and redid the sims quickly while they were fresh in my memory and so I could be off by 8-10 points, but I believe scored mid 70-s on both, but that could be +/- a few points as I said. (My MC results deleted when I redid the sims. Word to the wise: every 30 minutes or so hit the calculator button and re-login to Becker to avoid this. I sat on the phone with Becker for an hour asking if there was any way they could recover any of my final exams so I'd have a more accurate score).
I do have it written down that for the Audit Final Exam #1 my MC were 63-86-70. I don't have exam #2 but I scored higher on that one overall (including sims).
I felt pessimistic for a variety of reasons. It was my first CPA exam, and I had herd of the post-CPA depression but never fully experienced it. Another reason, half of my sims were from the ONLY chapter I did not complete the sims for/ wrote off because I figured I'd be strong enough in other areas to have a buffer. I remember in a Becker lecture or maybe even in the book they told us “they can't ask you EVERYTHING,” so I foolishly left it to chance and took a gamble. In addition, I made the mistake of listening to people saying “they never ask a lot about transaction cycles” despite us being so blatantly warned by Becker that the examiners love transaction cycles. In addition, I felt completely blindsided by journal entries, as it has been 3 years since I took any sort of financial accounting course, so it was just very stressful to try to remember that off the top of my head. I also started reading the blogs AFTER my exam that if you can't get to certain parts that require numbers in the sims, to put a “0” in. I didn't do that, so I panicked. Finally, I did not notice that my MC questions were getting harder. I heard that if you feel like they are staying at medium that is a bad sign.
I am and have never NOT been a slow test taker nor a good test taker. I used every minute of the exam. I felt psyched out reading how people left with 2 hours left and felt confident. Sometimes I think these blogs are both a blessing and a curse.
Martin, I know you will rock this. If you have followed the Becker plan, you will do great. Coming from someone who got a C in audit in undergrad, audit was not my strength.
Best of luck to you guys!
AUD (2/3/2015) Pass
REG (4/24/2015) Pass
FAR (8/3/2015) Pass
BEC (10/25/2015) PassFebruary 25, 2015 at 3:58 am #650904swilk
MemberRegarding the authoritative literature included in the Ninja MCQ program… it's not all inclusive correct? I find the AU-C literature to be very watered down and lacking a lot of specific details. It's the only literature I've used to practice research questions. I tried using it for another practice sim regarding written representations made by management (conclusion of the audit) and it just felt very basic and stripped….
AUD - 90 (2.26.2015)
BEC - 76 (5.4.2015)
REG - 79 (8.31.2015)
FAR - 76 (2.22.2016)Roger and Ninja MCQ FTW.
February 25, 2015 at 10:29 am #650905Anonymous
Inactive@swilk – You are correct, the AL in Ninja is pretty weak. The AL on the exam will be much more functional / inclusive with advanced search features. If you have ever accessed the FASB ASC or taken the FAR exam the AL should be similar to that on the AUD exam (as far as functionality).
February 25, 2015 at 1:50 pm #650906Tre
Member@Kate – Used CPAExcel for REG as provided by my firm… My advice is to start with the tax materials and work back to the BLaw parts. Don't memorize all the different amounts for retirements and such (I didn't bother to memorize any of the exact numbers) but rather work on the rules (passive loss only to the amount of passive income and gambling works the same). I started with property tax rules (MACRS and the different property classifications 1245, 1250 recapture, etc) and then moved to corporate tax. Watch a video by Jeff on AMT, he makes it very easy to know the basics on that and if you know the basics, you'll be fine for the test. Lastly, question after question because no matter how much you have read it, a question from left field will present itself to you, from stock options to oil depletion.
BEC - 84
REG - 88
FAR - 75
AUD - 71, Nov 2015 -
AuthorReplies
- The topic ‘AUD Study Group Q1 2015 - Page 74’ is closed to new replies.