10 minutes to write everything I remember.

  • Creator
    Topic
  • November 5, 2017 at 11:24 am #1658522
    FutureCPA
    Participant

    Hi guys, so when I sit for a CPA exam part I usually take the 10 minutes that I have to type my launch code to write everything that I remember in my board. Of course, I do this after I enter my information but BEFORE I start my exam. This is time that is not counting against my exam time so why not use it to write everything I remember. I usually put a sheet together while I am studying and just re-write them the week before my exam. This is what I have so far for my upcoming BEC exam. Let me know if you have some of your own that I can add to my list.

    Inelastic < 1.0 need
    Elastic > 1.0 comfortable

    Beta 1 as risky as market
    Beta < 1 less risky than market
    Beta > 1 more risky than market

    Short low risk, fluctuate
    Long less risk, refinance

    Risk seeking IRR DOWN
    Risk adverse IRR UP
    Risk indifferent IRR UP

    Investment center=CPA (Cost, Profit, Asset (think CPA license is an investment)

    Hurdle=Breakeven

    4-2=2 Absorption
    2-1= Variable

    FC Total VC/Unit constant
    FC/Unit (inverse effect) VC Total (direct) change

    Audit committee can be BOA

    Optimal capitalization, lowest WACC

    E,P,T,C,R (economic cycle)

    Multiple regression=more independent variable

    x=independent
    y=dependent

    inferior=cost
    superior=differentiation

    decentralize=fast
    centralize=slow

    ERM:SORC

    FIFO=3
    Weighted Average=2

    Y(TC)=a(fc) + bx (vc)

    Product=normal
    period=abnormal

    Ceiling,belo=shortage
    ceiling above=
    floor, below=
    floor, above=surplus

    management=incremental
    re-engineering=radical

    FIFO= cost vs NRV
    LIFO= cost vs market

    Spin-off- stock base
    Sell-off=cut ties
    Equity carve out=IPO

    Fishbone, horizontal & diagonal
    Pareto, line

    Purchase security MS increase
    Sell security= MS down

    A/P, call option, buy, P > x + cost
    A/R, put option, sell, P < X – cost

    Perfect, Monopolist, Oligopoly, Monopoly

    Inflation, money supply is high

    P > sales absorption NI HIGH
    p < sales variable NI HIGH

    I need to pass before busy season.

Viewing 8 replies - 1 through 8 (of 8 total)
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  • November 5, 2017 at 11:31 am #1658525
    maj1028
    Participant

    Just a heads up… AICPA changed it to 5 minutes so be sure to keep your eye on the clock. You wouldnt want to forfeit your exam

    November 5, 2017 at 11:36 am #1658528
    Anonymous
    Inactive

    Reada some of the other threads about the evils of writing things down on the plastic sheets….its better to just rely on memory and if you get a question on something for which you have a mnemonic, then write it down if need be.

    5 minutes now, eh? Well 10 was too long. Most people don't even read the screens anyway.

    November 5, 2017 at 1:56 pm #1658576
    Anonymous
    Inactive

    Way too much stress on your short term memory before you even start.

    November 5, 2017 at 2:21 pm #1658584
    MaLoTu
    Participant

    I recall at least 2 times over the past couple years where people did this and did not start their exam on time — instantly ending their exam. I am not sure if it is worth the risk.

    November 5, 2017 at 3:30 pm #1658611
    Ana
    Participant

    I jotted down a few things (mostly my timetable for the exam) on my 3rd FAR attempt and the prometric staff told me that isn't allowed. I asked him why not and he just walked away. I'm not sure if he didn't know I had already started the test but not the mcq or what. It was unpleasant to say the least.

    November 5, 2017 at 4:56 pm #1658641
    Anonymous
    Inactive

    @Ana, of course it's allowed. Once you go in and sit down and begin the process of taking the test, the laminated sheets of paper are yours for the filling up with any data you wish.
    Sounds like you encountered a power-trippy a-hole.

    Wanna hear something funny though, I accidentally walked away with a prometric locker lock. In my haste to get out of there, I suppose,
    I unlocked the locker and pulled the lock off, took my things, and forgot to put the lock back on the hook. But, I turned in the key to the front desk. So now I have this lock. A souvenir that goes well with my certificate of attendance for BEC.

    November 5, 2017 at 7:06 pm #1658692
    Anonymous
    Inactive

    I took FAR this week and the person from prometric told me that I am not allow to write on the boards, while I am on the tutorial screen. I took parts at the same prometric and they never told me this. I think is a new thing to don`t allow people write on the boards. They are changing the rules all the time.

    November 5, 2017 at 9:29 pm #1658711
    Lucy15
    Participant

    I've done this on some of my exams and it has saved my butt a number of times. It helps me relax a little bit knowing I have some of the most important information written down in case I completely blank during the exam. I took FAR on 10/20 and did notice they changed the time to 5 minutes, but nobody said anything to me about not being allowed to write on my boards during that time. Do whatever makes you feel most at ease before your exam starts, but like others have mentioned, make sure you don't let that time expire. Good luck!

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Viewing 8 replies - 1 through 8 (of 8 total)
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