HELP! Need some advice on AUD sims

  • Creator
    Topic
  • #194740
    jrs91
    Member

    I scored a 74 on AUD. Scored stronger in every MCQ category but weaker on SIMS.

    I plan on retaking AUD in 3 weeks. I’ve done every Ninja sim, some wiley sims and some roger sims.

    Any advice on how best to study for the sims?

Viewing 7 replies - 1 through 7 (of 7 total)
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    Replies
  • #671786
    MaLoTu
    Participant

    For some reason AUD sims can be heavy on reconciles … so definitely brush up on some of that.People have told me that AUD sims sometimes involve ratios, as well.

    When I took AUD, I used Becker. I practiced the SIms a few days prior to the test, but the actual sims were nothing like Becker's practice sims.

    #671787
    xdesix
    Participant

    I didn't really study for the audit sims, mostly just focused on MCQ. If you haven't already, definitely know your way around AL with the regular sims. I found 2 answers word for word not including the research question. That's basically 3 100% free sims.

    AUD: Passed
    BEC: Passed
    REG: Studying

    #671788
    Ajaz0810
    Participant

    I've failed audit 3 times. The most recent was the same as the op. I plan to do the ninja sims 3 times each and rewrite each audit report this time. How did you guys get an understanding of the authoritative literature before the test?

    FAR 62, 66, 78
    AUD 66, 55, 74, 72
    BEC 79
    REG

    #671789
    Skynet
    Participant

    I've used Gleim, so I have the Sims for each Unit and I also have the Sim Wizard which was included in the Premium Review course which mirrors the actual exams.

    The only tips i can give you is to expect Sims from other sections such a FAR. I took AUD and actually got a FAR Sim last time. You also have to really follow the instructions to a T. If they tell to put zeros, leave it blank, put negative or positive signs, or select no entry required, then you do it. The last thing is when you are working the Sims in the Review course, to not just figure out how to take the Sim itself but to also learn the materials and concepts from the SIMS. A lot of the problems in the Sims will actually help reinforce your study. When I took REG, I knew I was weak on Property Transactions. A few of the Sims that were property transactions related, I had worked over and over again till i got it. Surprisingly, when it came to test time, sure enough, there was a SIM for property transactions and it was all fill ins, NO DROP DOWN BOXES! But I managed to pass REG.

    #671790
    misoc23
    Participant

    Im in the same boat. SIMS are the reason I failed for a third time. I used Becker and I did not feel like they prepared me very well regarding the sims. I recently bought the ninja mcqs and comes with 85 sims so hopefully those will help

    #671791
    jontbarker
    Member

    You should definitely be familiar with the authoritative literature. You're guaranteed to have a research problem and that should be easy points. Additionally, since a lot of the audit material revolves around vocabulary and compliance with the AICPA standards, you may very well be able to look up some of the answers. Many of the simulations are an in-depth look at all of the minutia of a single topic. For example, if your simulation involves the criteria for Independence, or the regulations surrounding Reviews and Compilations or wording of the audit reports you'll have the ability to check for guidance in the literature. I'd advocate when studying that you try to answers the simulations from memory first, but if you get stuck see if you can find any guidance in the literature. Also, just knowing who issued the standard in question (AICPA, SEC, ect) can be helpful in trying to whittle down the long list of search results.

    Also, study the financial ratios, both how they're calculated and how transactions may impact them. I thought the Becker review course was weak in reviewing these and the sheer number can be frustrating to try to learn and remember if you don't use them every day. Thankfully, many of the ratios are very similar, which helps with the memorization.

    Lastly, I'd strongly recommend doing some basic journal entry review. (Expense and Revenue recognition, inventory and COGS, equity method, prepaids, investments, debt issuance, ect) as they could very well test you on either the actual journal entries of how the adjustments will impact the financial statements. Many of the simulations I saw when studying seemed like they were straight out of the FAR course, but I've heard plenty of stories of people needing to know journal entries on the actual test.

    AUD - 97 5/30/2015
    BEC - 86 5/31/2014
    FAR - 88 8/31/2014
    REG - 87 7/30/2015

    #671792
    Anonymous
    Inactive

    I hate to admit this but I didn't study the SIMS at all for AUDIT. I did 3,000 MCQ though!

    You MUST use the Authoritative Literature , it should get you through 2 or more of the SIMS. The rest of the SIMS are just knowledge you pick up along the way studying in general for this exam. Good luck!

Viewing 7 replies - 1 through 7 (of 7 total)
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