Audit Final Prep – Ratios important??

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  • #158124
    Joemark
    Participant

    I am 2 days away from taking AUD and buried head first in final review. I am using the Becker self study materials and had a question concerning Chapter 4. How important is it to memorize the ratios for this test? I don’t know if i should concentrate on memorizing them, or just reading them over and getting familiar with them. Ratios being Acid Test, Cash ratio, working capital,AR turnover, etc…

    Any suggestions?

    REG - 77, AUD - 85, BEC - 75, FAR - 80

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  • #233776
    whitesoxfancpa
    Participant

    I personally wouldn't spend a lot of time on them. You might get a question or two at the most. On the Becker simulations, they give you resources where you could look them up, so if you need any for a simulation, I am guessing you'll have the formulas handy anyway.

    I'd spend my time on the other stuff.

    AUD 96 FAR 95 REG 94 BEC 88

    #233777
    Joemark
    Participant

    Thanks Whitesoxfan for the advice. I won't hold your allegiance to the Sox against you. Hahaha. Philly born and raised here. Good luck on your FAR score!

    REG - 77, AUD - 85, BEC - 75, FAR - 80

    #233778
    whitesoxfancpa
    Participant

    What the heck is wrong with your team? Losing two in a row to the CUBS?! That is inexcusable!

    AUD 96 FAR 95 REG 94 BEC 88

    #233779
    Joemark
    Participant

    Tell me about it. It's the way our entire season has gone. A lot of injuries this year. Hopefully everyone gets healthy in time for a big post season push. I have Jenks as my closer in fantasy baseball. Tell him to keep up the good work.

    REG - 77, AUD - 85, BEC - 75, FAR - 80

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