[jeff]

NINJA Study Notes, Flashcards, and Audio: https://www.another71.com/products-page/

Wiley Software: https://www.another71.com/wiley-cpa-software/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

@KellyP

I remember reading this trick from Jeff a few months ago when I was studying for FAR…

The denominator in turnover ratios is always what you're turning over. So inventory turnover = sales/avg inv

Hope it helps a bit!

[Anonymous]

@KellyP

I remember reading this trick from Jeff a few months ago when I was studying for FAR…

The denominator in turnover ratios is always what you're turning over. So inventory turnover = sales/avg inv

Hope it helps a bit!

[KellyP]

@CPA-Slave

Thanks!!!! There are just so many formulas I feel so overwhelmed 🙁

AUD - 80
BEC - 83
FAR - 87
REG - 65, 77 5/28/13

*Good-bye Social Life. . .Hello CPA*

[KellyP]

@CPA-Slave

Thanks!!!! There are just so many formulas I feel so overwhelmed 🙁

AUD - 80
BEC - 83
FAR - 87
REG - 65, 77 5/28/13

*Good-bye Social Life. . .Hello CPA*

[Stay_Positive]

I'm using the Wiley test bank for MCQs, and I often do a set of questions and then go back and retake all the ones I got wrong. Is this what others are doing? I'll choose the categories and then the maximum number of questions I got wrong at least 1 time and retake them all…then do another set of questions I haven't done before…retake, etc. etc. Any advice on MCQ strategies would be appreciated…my 3rd attempt at BEC is this Friday.

BEC - 69, 66, 78 (exp), 82
FAR - 69, 72, 66, 76
REG - 64, 66, 72, 80
AUD - 77
Ethics - 95
Waiting on License to be issued!!!

[Stay_Positive]

I'm using the Wiley test bank for MCQs, and I often do a set of questions and then go back and retake all the ones I got wrong. Is this what others are doing? I'll choose the categories and then the maximum number of questions I got wrong at least 1 time and retake them all…then do another set of questions I haven't done before…retake, etc. etc. Any advice on MCQ strategies would be appreciated…my 3rd attempt at BEC is this Friday.

BEC - 69, 66, 78 (exp), 82
FAR - 69, 72, 66, 76
REG - 64, 66, 72, 80
AUD - 77
Ethics - 95
Waiting on License to be issued!!!

[momto5]

Taking mine on the 30th and wish I had a few more days – but I guess it always feels that way! I have been redoing all MCQ's in Becker plus I have the Becker Final Review that I have been going through. Never had time to write notes for chapters 5 and 6, so I hope to make some time (somewhere) to do that also. I am currently up to Chapter 5 in my MCQ's, so I have a lot to do before Thursday. Need to go through some of the WC as well, then try the practice Final Exams. I would probably work on more progress tests if I had the time. Plan to take off work on Wednesday for a final marathon day of review. Good luck @ Stay_Positive – hopefully 3rd time's a charm for you!

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[momto5]

Taking mine on the 30th and wish I had a few more days – but I guess it always feels that way! I have been redoing all MCQ's in Becker plus I have the Becker Final Review that I have been going through. Never had time to write notes for chapters 5 and 6, so I hope to make some time (somewhere) to do that also. I am currently up to Chapter 5 in my MCQ's, so I have a lot to do before Thursday. Need to go through some of the WC as well, then try the practice Final Exams. I would probably work on more progress tests if I had the time. Plan to take off work on Wednesday for a final marathon day of review. Good luck @ Stay_Positive – hopefully 3rd time's a charm for you!

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[Linds213]

Hey- just started studying BEC using becker self stufy and am having problems with understanding the concept to one of the chapter 1 homework questions (CPA-06760): If anyone could help I would really appreciate it

Extra Edge Sporting Goods has set a strategic objective of being in the upper quartile of sporting good retailers. The company identified a related objective of increasing its sales force by 50 new staff members while maintaining staff cost at .194 cents per sales dollar. Events identified by the management of Extra Edge that might interfere with achievement of their related objective would include all of the following except:

A) product demand may fall if sporting goods become less popular

B) job markets may heat up and cause fewer offers to be accepted for the expanded sales force

C) inadequate needs assessments may result in bad staffing decisions

D) job markets may slow down and result in more staff accepting positions than there are available positions

Answer- A

I am confused because in my opinion, if product demand fell than the amount of their sales would decrease. If sales decreased and they added 50 additional employees, than the staff cost per sales dollar would increase from .194 (since total sales dollar would decrease and total staff cost would increase). Why would this not be a concern? On the other hand, answer D seems off to me because why would the company extend a position to people for whom they dont have positions for. This seems like an event that could be controlled by the company (do not offer positions to too many people). Am I thinking of this in the wrong way?? Any help is appreciated 🙂

R -Passed
F- Passed
A- Passed
B-

**Lindsey

[Linds213]

Hey- just started studying BEC using becker self stufy and am having problems with understanding the concept to one of the chapter 1 homework questions (CPA-06760): If anyone could help I would really appreciate it

Extra Edge Sporting Goods has set a strategic objective of being in the upper quartile of sporting good retailers. The company identified a related objective of increasing its sales force by 50 new staff members while maintaining staff cost at .194 cents per sales dollar. Events identified by the management of Extra Edge that might interfere with achievement of their related objective would include all of the following except:

A) product demand may fall if sporting goods become less popular

B) job markets may heat up and cause fewer offers to be accepted for the expanded sales force

C) inadequate needs assessments may result in bad staffing decisions

D) job markets may slow down and result in more staff accepting positions than there are available positions

Answer- A

I am confused because in my opinion, if product demand fell than the amount of their sales would decrease. If sales decreased and they added 50 additional employees, than the staff cost per sales dollar would increase from .194 (since total sales dollar would decrease and total staff cost would increase). Why would this not be a concern? On the other hand, answer D seems off to me because why would the company extend a position to people for whom they dont have positions for. This seems like an event that could be controlled by the company (do not offer positions to too many people). Am I thinking of this in the wrong way?? Any help is appreciated 🙂

R -Passed
F- Passed
A- Passed
B-

**Lindsey

[Jpgrocho]

Linds213

I have put a lot of thought into this question as well and came up with several ideas about what is going on. However, nothing that i feel is concrete. I too would like someone to shed some light on the above question if at all possible.

These are my interpretations. Are they right???? I don't know. I just hope something similar to this doesn't appear on my exam Friday! ha.

The only thing I see is that Answer A doesn't really have any thing related to the objective of hiring 50 new staff. I don't think that the decrease in demand would decrease the number of applicants available to meet the objective of hiring 50 new staff. So, there would be no effect.

Answer B – Maybe its saying its a concern because management may not have enough applicants (due to applicants applying to other opportunities ) to complete the objective of hiring 50 new staff resulting in a failed objective…..perhaps?

As for answer D – I interpret this one as everyone is looking for a job….maybe there is some sort of concern there where if you have this outrageous amount of applicants that management may hire more than 50 since they have more choices. Which was not the objective. Or maybe its something like if there are more applicants…there is a slight higher risk of hiring more than 50 due to error? Once again, I am not sure.

Answer C???? No clue

10/03/12 AUD- 91!!!
12-07-12 BEC- 75!!! (Half way)
01/18/13 REG - 68, 78.
02/28/13 FAR -68, 65 11/6/13 PLEASE!!!!
Using Becker Self Study 2012

[Jpgrocho]

Linds213

I have put a lot of thought into this question as well and came up with several ideas about what is going on. However, nothing that i feel is concrete. I too would like someone to shed some light on the above question if at all possible.

These are my interpretations. Are they right???? I don't know. I just hope something similar to this doesn't appear on my exam Friday! ha.

The only thing I see is that Answer A doesn't really have any thing related to the objective of hiring 50 new staff. I don't think that the decrease in demand would decrease the number of applicants available to meet the objective of hiring 50 new staff. So, there would be no effect.

Answer B – Maybe its saying its a concern because management may not have enough applicants (due to applicants applying to other opportunities ) to complete the objective of hiring 50 new staff resulting in a failed objective…..perhaps?

As for answer D – I interpret this one as everyone is looking for a job….maybe there is some sort of concern there where if you have this outrageous amount of applicants that management may hire more than 50 since they have more choices. Which was not the objective. Or maybe its something like if there are more applicants…there is a slight higher risk of hiring more than 50 due to error? Once again, I am not sure.

Answer C???? No clue

10/03/12 AUD- 91!!!
12-07-12 BEC- 75!!! (Half way)
01/18/13 REG - 68, 78.
02/28/13 FAR -68, 65 11/6/13 PLEASE!!!!
Using Becker Self Study 2012

[momto5]

I remember this one confusing me the first time through, then again the second time through. I think I finally figured it out. All the other 3 events relate directly to their objective of increasing their sales force. Choice “A” does not relate to anything about the sales force, at least not directly. Now I agree that if product demand goes down, they will have a difficult time maintaining the staff cost they want, so I think overall it is a bad question. Nonetheless, I think they are emphasizing the “related objective” to staffing levels part.

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[momto5]

I remember this one confusing me the first time through, then again the second time through. I think I finally figured it out. All the other 3 events relate directly to their objective of increasing their sales force. Choice “A” does not relate to anything about the sales force, at least not directly. Now I agree that if product demand goes down, they will have a difficult time maintaining the staff cost they want, so I think overall it is a bad question. Nonetheless, I think they are emphasizing the “related objective” to staffing levels part.

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[ihatestudying]

i have done these mcq's so many times that I have them memorized….hopefully friday there are a few questions that are identical this way ill get some easy points.

i was going to try and do some from a different source to see some different questions…but with the test in only a few days i think im going to continue reading my notes, studying formulas, and hammering out the multiple choice that i have already done …

if i start different mcq's im nervous that ill be iffy on them and it will bring my confidence down even more..

any advice on this?

AUD - 2/27/12 - 76
REG - 5/31/12 - 78
BEC - 8/31/12 - 77
FAR - 12/6/12 - 76

[Author]

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