Ratios for Audit

  • Creator
    Topic
  • #161451
    hopefulcpa
    Participant

    How heavily are ratios tested for Audit? Do I need to memorize the formulas? thanks.

Viewing 5 replies - 1 through 5 (of 5 total)
  • Author
    Replies
  • #294303
    MQcpasoon
    Participant

    You should know them; you will see them, one way or another…

    Practice many MCQ's, it will stick

    Good luck!

    #294304
    anonymous
    Participant

    Another ratio question — how should you round ratios? On the Becker final exam, they marked my simulations wrong because I didn't round properly. What do you think is a safe bet for rounding? Do the calculations in the cell, or round?

    Thanks

    REG -- October 3!!
    FAR -- Pass
    BEC -- Pass
    AUD -- Pass

    #294305
    MQcpasoon
    Participant

    I used to round it to the next decimal; let say is 8.46 I will answer 8.5

    #294306

    I think Becker review has you learn them for FAR & definitely AUD, possibly BEC as well?

    done

    #294307
    Serena
    Participant

    I am having a hard time with MCQs and simulation questions involving ratios. Does anyone have a good strategy for studying ratios? Currently studying for AUD – taking it in October.

    AZ
    AUD - 10/20/2011 - 77
    BEC - 7/28/2012 - 79
    FAR - 4/6/2013 - 79
    REG - 4/18/2013 - 75 (3rd time's a charm!)

Viewing 5 replies - 1 through 5 (of 5 total)
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