Ratios on AUD

  • Creator
    Topic
  • #823090
    thaque38
    Participant

    Hi guys,

    I’m taking AUD on the 31st. I’m using Becker and doing final review now. Without getting into any details, how well do you recommend studying the ratios? I have a basic understanding on how the ratios work but the sims on Becker are very detailed. I appreciate any advice and good luck to anyone taking the CPA!

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    Replies
  • #823126
    waffle_house
    Participant

    Honestly, know the simple ratios (turnover ratios, current, quick, days in whatever ratios) that you'll be good. This isn't an exam of ratios.

    #823135
    Lou
    Participant

    I struggled with ratios as well. What I would do is draw arrows for how each numerator and denominator affected the ratio. so if inventory turnover increased, i would draw an arrow going up for CGS and down for inv because I knew that if either of those situations happened, inv turnover would increase

    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.

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