[jeff]

Welcome to the Q3 2016 CPA Exam Study Group for AUD.

Some BLITZ videos to help your exams: https://www.another71.com/ninja-blitz

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

[mckan514w]

Oooh allaboard I am so sorry I misread the answer as kiting not lapping— you are correct on your def of lapping however again may be wrong and really need to review my JEs but I think if you are lapping then you are also going to have to make a credit sale entry so you debit ar from one account CR sales so while you are making fictitious receivables you also have to record a corresponding sale so your ratios won't change too much (sorry on my phone and again not sure I'm making sense) 🙂

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[mckan514w]

Lol allaboard I cabbed to the center and when I got in cab to go home completely blanked on my home address 🙂

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[Trele6]

The pension stuff just isn't covered in Becker at all… I don't have Ninja, can anyone vouch for seeing it in other study materials?

I made a 74, had I gotten one of the 3 right I might have passed!! ARGH……

First go at the CPA! Only using Becker
Reg / Nov 2015 - 87
Far / Apr 2016 - 79
Bec / May 2016 - 80
Aud / Aug 2016

[patelhj1]

@trele6 DAMN!! ya Becker didn't cover it at all…. I found out my score sept 9

BEC 78 08/2015
REG 71 11/2015, RETAKE 83 01/2016
FAR 75! 5/2016
AUD ? 8/2016

Becker with Nonstop NINJA MCQ
Google most difficult professional exam

[CPA_Chik]

@trele6 I just been all over Wiley and there's nothing on pensions there as well…
This is what I'm reading now: https://www.journalofaccountancy.com/issues/2015/sep/how-to-perform-employee-benefit-plan-audits.html

REG - 75!!!
FAR - 66; 73 (FML!!!)
AUD - 09/16
BEC - TBD

[Theodore]

Hi guys! so I just met with our accountant to discuss the preparation of the 990 and a review engagement. This lady is very knowledgeable and just when i thought that maybe the exams were a piece of cake for her, she tells me that she had to retake a couple with REG being her last one. She mentioned that she cried all the way home after taking REG. Thinking she had failed, she was about to give up, but she passed!! Goes to show that previous CPA's have had breakdowns too. lol anyways i am excited to start this Review engagement and to have the actual engagement letter in front of me. No one knows how exciting this is, but us… the nerds. lol

FAR: 66, 76!
REG: 76!
AUD: 72, 9/7/2016
BEC: TBA

Don't Stop When You Are Tired, Stop When You Are Done.

[Theodore]

@trele6 oh man! so it is covered in the exam. I know very little of them. maybe i should check out my FAR book again. DOn't give up bud

FAR: 66, 76!
REG: 76!
AUD: 72, 9/7/2016
BEC: TBA

Don't Stop When You Are Tired, Stop When You Are Done.

[Lou]

@allaboard its not that your logic for D is wrong necessarily, more that A is a better choice. AR would not fluctuate that much in lapping since ou would be paying off the AR, just would be offset, I.e. one paying another. If there are fictitious sales, AR would increase at the same rate as sales but the denominator would have a bigger effect since there would be more AR outstanding at the end of the year. I try to think of it as, if I have fictitious sales, I'm never going to collect so my AR will always be super high which would decrease the turnover

FAR- taken 8/11/16....now the wait begins
AUD- scheduled 9/8/16
BEC- scheduled 10/9/16
REG-scheduled 12/10/16

Live a few years like most people won't, to live the rest of your life like most people can't.

[Anonymous]

so when you talk about pensions showing up on the exam – do you mean MCQ or TBS? I have seen a few random HIPAA, COBRA, ERISA MCQ in ninja and every single time I get really confused as to why it's there. I don't remember Roger covering any of them in AUD. If it's MCQ I can fumble my way through, but if it's TBS then I have no idea.

[HoosierCPA]

@allaboard I suggest you don't brush by those questions…take them seriously 😉

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[Anonymous]

boooooooooooooooooo

[Anonymous]

OK so Ninja has those questions listed under Section/Chapter 6 Professional Responsibilities – A4 is Department of Labor. I don't have my Ninja notes here to see if there's anything in them.

I looked at my Roger book and there is a paragraph about department of labor on page 2-53 in professional responsibilities. So far that's all I've been able to find.

[CPA_Chik]

Yeap, I found DOL under “Other Ethics Codes” in Wiley. There's quite a bit of info there.

REG - 75!!!
FAR - 66; 73 (FML!!!)
AUD - 09/16
BEC - TBD

[hhung1485]

Anyone have any Aud pension questions? I just want to see a few so I can get an idea of what they might ask.

FAR - 93
REG - TBD
BEC -
AUD -

[JT]

Wow. Seems like a lot of you guys took your exam this week.

I'm here till my exam on the 7th. Hopefully we all do well.

All aboard I thiught that answer was c but as someone mentioned, a sounds like a “better answer”. I'm afraid that I might get caught in that “this is a good answer, but this is a better answer” conundru on test day.

REG-80-1X
BEC-80-1X
FAR-73-1X
FAR-75-2X
AUD-September 2016

[Author]

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