Audit Procedures By Transaction Cycle

  • Creator
    Topic
  • #159736
    nofunbecker
    Participant

    Okay, I need help :/ For those of you that used Becker to review, how did you study this portion of the chapter..it’s Chapter 4 part 3 of the 2011 materials. It just seems like so much information and when I do the multiple choice questions I feel so lost. Tips from Becker Students and Non-Becker would be greatly appreciated!

    Thanks!

Viewing 11 replies - 1 through 11 (of 11 total)
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  • #269865
    reneeflower
    Participant

    These questions took my husband and me the longest to do on a per question basis than any of the other questions in the entire audit study question set. Since it's 121 questions, we both noticed that we did really poorly the first half of those questions, but once we got the hang of it we made up for it the second half. The hard part about them is that the book/lectures only give you the facts, so you just have sit and carefully think through each question. It took me a little over 3 hours to get through those questions and my husband over 4 hours. I wish I could give you better advice.

    BEC (08/31/10) - 85
    FAR (11/29/10) - 89
    AUD (02/07/11) - 92
    REG (05/31/11) - 88

    #269866
    Anonymous
    Inactive

    I really wish Becker would have broke that out a little better.. Just read through the section carefully.. Definitely read through it again before you sit for the exam. Really understand those questions..

    By the way :

    in Aud 4-19, under 3.d Understandability and Classification, the definition is incorrect.

    Becker response was:

    “Thanks for pointing this out.

    You are correct.

    This should read as follows:

    3. Understandability and Classification

    Financial information is appropriately presented and described and disclosures are clearly expressed.

    We will post a correction on the student website.

    Keep up the good work!!

    Karen Slater, CPA”

    #269867
    nofunbecker
    Participant

    Thank you both, I apprreciate the feedback. I am going to review what I can and take in all that I can since I take AUD tomorrow..wish me luck!

    #269868
    Anonymous
    Inactive

    Good Luck!!!!! Please let us know how you feel afterwards!! I have the test Next wednesday FEb 23rd!! 🙂

    #269869
    Anonymous
    Inactive

    Don't rush through the test.. take your time.. that was my mistake when I first took AUD.. I didn't really READ the MCQ-read every word. I did better than others on Sims, but poorly than others on MCQ which made me miss that 75!!! Now I've learned my lesson 🙂

    I always thought SIMS is what made me not get that “perfect” grade.. I can't believe I did “better than others” on sims! frustrating.. i wish I could go back..

    #269870
    tulip
    Participant

    CPA Someday – our stories sound similar. I finished AUD an hour early and my score report showed that the MCQ is where I messed up. I scored better than other passing testers on the sims, Very frustrating in hindsight.

    Reading the MCQs carefully is a good use of time!

    BEC - 10/18/2010 - 79
    FAR - 10/28/2010 - 82
    AUD - 11/04/2010 - 73; 02/18/2011 - 86 - IT'S OVER!!!!!!
    REG - 11/21/2010 - 83

    #269871
    Anonymous
    Inactive

    Yup! I'm sure the 11,000 people taking AUD in the 2nd wave didn't help either!!! When are you retaking yours?

    #269872
    tulip
    Participant

    I am retaking mine today, and I feel less prepared than I did last time. Perhaps I'm experiencing burnout on the whole CPA exam experience.

    BEC - 10/18/2010 - 79
    FAR - 10/28/2010 - 82
    AUD - 11/04/2010 - 73; 02/18/2011 - 86 - IT'S OVER!!!!!!
    REG - 11/21/2010 - 83

    #269873
    Anonymous
    Inactive

    @nofunbecker and tulip- Good luck and stay positive. I'm also retaking my exam on Saturday. I'm trying to slow down as well and read the questions carefully. I'll post my thoughts afterwards.

    #269874
    Anonymous
    Inactive

    Good Luck Tulip!!! I was feeling like you.. I took a total of 5 days off of work just to try to focus better..

    Studying again (after a month or two off) was horrible and I burned myself out.. I did all 4 exams in 6 months! I see you did it in a short amount of time too! We are very similiar!

    I feel better now, that I took additional time off of work. Let me know how you do today!!!

    GOOD LUCK AGAIN 🙂 And good luck to CPAGREEN!!! 🙂

    #269875
    pshustler
    Participant

    Good luck. Reading some of these posts I am concerned, because I thought the AUD MC questions were on the easier side. I thought I read them through pretty well. I found the Sims to be much harder than what I practiced

    BEC - 86
    AUD - 94
    REG - 88
    FAR - 89

Viewing 11 replies - 1 through 11 (of 11 total)
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