January 7, 2019 at 1:12 pm #2153017
Yep! Sorry haha the practice is very helpful.January 7, 2019 at 1:39 pm #2153044hannah.nidoParticipant
Took BEC this weekend. Just some helpful advice. I would focus a lot of your time on WACC, dividend yield, payback, IRR, NPV, ROA, ROE and ROI. Know how to calculate and what they are. I had 2 economic value added (EVA) questions which lucky I guessed correctly on how to solve. I did not get a single question about Econ (GDP, supply/demand). Got one about exchange rate. Also I made the mistake of knowing COSO- IC and ERM principals but not really understanding what each one really helps prevent. Also technology and supply chain were highly tested.
Good luck everyone!January 7, 2019 at 8:14 pm #2154031TC85Participant
Fourth attempt on Thursday….really anxious! BEC has been my most difficult and I'm ready to get this out of the way but each time I study I can tell I'm only familiar with it and my eyes start glazing over it….so does my brain lol.
I know it's a vague question, but any advice or tips? Short of hiring a personal tutor, this section is giving me a fit! I've done best with IT and Econ concepts..the cost acct and capital budgeting…..ick.January 8, 2019 at 7:30 am #2154424
Aw!January 10, 2019 at 6:32 pm #2158648lizParticipant
Thank you!!!January 12, 2019 at 12:25 pm #2161156
Hey everyone! Took BEC for the first time back in November and failed miserably 🙁 Retaking it again on January 29th so have about 2 or so weeks left to study and review. The first time I took it I remember it not being as heavy with calculations and more concepts/definitions. Does anyone have any tips on how to study these last 2 weeks?
Thank you!!January 12, 2019 at 12:26 pm #2161168
Hey everyone! Took BEC for the first time back in November and failed miserably 🙁 Retaking it again on January 29th so have about 2 or so weeks left to study and review. The first time I took it I remember it not being as heavy with calculations and more concepts/definitions. Does anyone have any tips on how to study these last 2 weeks?January 12, 2019 at 2:33 pm #2161438
OK; so here’s something for y’all to try that really helped me.
You’ll see above how I mentioned knowing concepts; that’s the most important!!! Because if you understand a concept, the formula is the concept!
So here’s how I realized I learned best.
Most of us feel like to understand, we have to put it in our own words
I just ninja as a supplement to Roger.
I bought a big white board and expo markers (it’s probably 2×3 ft).
So during lectures, I listen and just make small notes on my actual notes
After each lecture or major group I stop the lecture.
I go to my white board and I write down key points like roger as I’m going over the concept out loud. Don’t under estimate this method; try it!!!January 14, 2019 at 2:24 pm #2164375sg235Participant
@Diana- that is a good methodology! Will put it to use:)January 15, 2019 at 7:28 pm #2166301Pendragon87Participant
I'm retaking BEC this Thursday after getting a 71 in December 2018.
Has anyone here taken the exam in both quarters and noticed any significant changes? I noticed that there were no revisions to the AICPA blueprints for BEC for Jan 1 2019. But just want to stay alert for any curve balls.
Thanks!January 17, 2019 at 11:20 am #2168692
I'm having a hard time understanding what exactly WACC is…I feel like I'm doing problems but I don't actually understand why I'm calculating them they way I amJanuary 17, 2019 at 11:20 am #2168695
I'm having a hard time understanding what exactly WACC is…I feel like I'm doing problems but I don't actually understand why I'm calculating them they way I amJanuary 17, 2019 at 3:14 pm #2169121TC85Participant
You're basically calculating the cost (interest rate) only on the percentage of that type of debt or equity, so you can see how much of each type of borrowings is actually costing you.
So, for example:
30% Debt at 5% int, 30% tax rate
70% Equity at 10% int
Start with the debt. The debt is costing you 5% in interest, but interest on debt is tax deductible so you're really paying (5*(100%-30%)) or 3.5%
So you debt is costing you: 30 * 3.5% = 1.05%
Next, your equity, which accounts for 70% of borrowings, is costing you 70 * 10% = 7%
So your total cost of borrowing money is 1.05% + 7% = 8.05%.
Those numbers are way off from what's common in reality lol but it's only for illustration. I hope that helps!January 18, 2019 at 2:09 pm #2170477CPAnerdParticipant
Hey guys! I take BEC in a week. Does anyone have any suggestions what to focus on? Especially for the sims? Or even want to share your experience, thanks 🙂January 18, 2019 at 6:08 pm #2170828Pendragon87Participant
Not sure how much I am allowed to disclose about the exam, all I can say is MCQs are tough, hardly any Economics mcqs, don't just memorize financial formulas but try to understand them because questions can get worded in a very strange way. Also, not sure if you took FAR yet, but it definitely helps to know FAR for the BEC and AUD sims.
- You must be logged in to reply to this topic.