[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]

It's really quite understandable why they have such strict rules about posting/discussing questions found on the actual CPA exams. It appears it is the ultimate CYA measure. If we openly discussed their questions we'd soon realize we're getting answers “wrong” that are in fact correct.

The more I review, the more errors I find in Wiley and Becker testbanks and questions. (I'm sure they occur in others' materials but these are the ones I'm reviewing) One can reasonably assume these same types of errors occur with the same or GREATER frequency on the CPA exam. (considering they get their questions for **free* and we all know you get what you pay for and that nothing is *free*). At least one would assume the likes of a Becker or Wiley actually pay someone to create questions and possibly pay another to review the questions prior to publishing them.

We agree that nothing of any value is *free* or comes easy??? Then, it would appear to this candidate anyway, that the *free* questions in use for the actual CPA exam shift all risk/expense to the candidates who bare the brunt of these “costs” for the questions being *free* to the governing bodies using them. All consequences from erroneous questions fall squarely on the candidate.

My case in point.

Just one of 3 errors I've found this morning in the 38 questions I've worked today:

Which of the following describes the appropriate formula for days' sales outstanding?

a.) Average Receivables/ Sales Per Day

b.) Receivables Balance/ Sales Per Day

c.) Sales/Average Receivables

d.) Receivables Balance/Total Sales

The “correct” answer according to the text (and one would assume the CPA, PhD authors) is: B

However, NUMEROUS others in the accounting field state that Average Receivables is a more conservative estimate. (Which would make “a” the correct answer.) After all, aren't we taught all the rules of conservatism?? Aren't we supposed to chose the most conservative estimate?? How is “a.” incorrect or less “appropriate” as the question is worded?

What a joke this testing organization has become to me since starting my quest to become a CPA.

An accounting body that is supposed to be representative of the the profession not having to possess any transparency or accountabillity them-damm-selves is genuinely dis-heartening.

[Anonymous]

It's really quite understandable why they have such strict rules about posting/discussing questions found on the actual CPA exams. It appears it is the ultimate CYA measure. If we openly discussed their questions we'd soon realize we're getting answers “wrong” that are in fact correct.

The more I review, the more errors I find in Wiley and Becker testbanks and questions. (I'm sure they occur in others' materials but these are the ones I'm reviewing) One can reasonably assume these same types of errors occur with the same or GREATER frequency on the CPA exam. (considering they get their questions for **free* and we all know you get what you pay for and that nothing is *free*). At least one would assume the likes of a Becker or Wiley actually pay someone to create questions and possibly pay another to review the questions prior to publishing them.

We agree that nothing of any value is *free* or comes easy??? Then, it would appear to this candidate anyway, that the *free* questions in use for the actual CPA exam shift all risk/expense to the candidates who bare the brunt of these “costs” for the questions being *free* to the governing bodies using them. All consequences from erroneous questions fall squarely on the candidate.

My case in point.

Just one of 3 errors I've found this morning in the 38 questions I've worked today:

Which of the following describes the appropriate formula for days' sales outstanding?

a.) Average Receivables/ Sales Per Day

b.) Receivables Balance/ Sales Per Day

c.) Sales/Average Receivables

d.) Receivables Balance/Total Sales

The “correct” answer according to the text (and one would assume the CPA, PhD authors) is: B

However, NUMEROUS others in the accounting field state that Average Receivables is a more conservative estimate. (Which would make “a” the correct answer.) After all, aren't we taught all the rules of conservatism?? Aren't we supposed to chose the most conservative estimate?? How is “a.” incorrect or less “appropriate” as the question is worded?

What a joke this testing organization has become to me since starting my quest to become a CPA.

An accounting body that is supposed to be representative of the the profession not having to possess any transparency or accountabillity them-damm-selves is genuinely dis-heartening.

[Anonymous]

“I need someone to protect me from all the measures they take in order to protect me.” – Banksy

[Anonymous]

“I need someone to protect me from all the measures they take in order to protect me.” – Banksy

[Anonymous]

“You’re mind is working at its best when you’re being paranoid.

You explore every avenue and possibility of your situation

at high speed with total clarity.”

— Banksy

[Anonymous]

“You’re mind is working at its best when you’re being paranoid.

You explore every avenue and possibility of your situation

at high speed with total clarity.”

— Banksy

[Anonymous]

In our case as candidates “the wall” is this exam. For most others, it has a similar but very different meaning.

“A wall is a very big weapon. It’s one of the nastiest things you can hit someone with.”

— Banksy

[Anonymous]

In our case as candidates “the wall” is this exam. For most others, it has a similar but very different meaning.

“A wall is a very big weapon. It’s one of the nastiest things you can hit someone with.”

— Banksy

[Anonymous]

Asking for others to provide questions pro bono for an examination with such high costs like that of the CPA exam remind me of this:

“Become good at cheating and you never need to become good at anything else.”

— Banksy

If it looks and smells like cheating….

[Anonymous]

Asking for others to provide questions pro bono for an examination with such high costs like that of the CPA exam remind me of this:

“Become good at cheating and you never need to become good at anything else.”

— Banksy

If it looks and smells like cheating….

[Anonymous]

My apologies everyone, I am a bit dis-gruntled today. Instead of enjoying High Times and Green Grass at The Master's tourny, I'm in the gahdforsaken library for the umpteenthmillionth day in a row.

I will however be there tomorrow since I see how easily distracted I've been for the most part today. At least the library here is only open a few hours tomorrow anyway, I won't feel the least bit guilty about not being here tomorrow for even one second.

I shall leave you all with one final thought before I return to my studies:

“Think outside the box, collapse the box, and take a fooking sharp knife to it.”

— Banksy

[Anonymous]

My apologies everyone, I am a bit dis-gruntled today. Instead of enjoying High Times and Green Grass at The Master's tourny, I'm in the gahdforsaken library for the umpteenthmillionth day in a row.

I will however be there tomorrow since I see how easily distracted I've been for the most part today. At least the library here is only open a few hours tomorrow anyway, I won't feel the least bit guilty about not being here tomorrow for even one second.

I shall leave you all with one final thought before I return to my studies:

“Think outside the box, collapse the box, and take a fooking sharp knife to it.”

— Banksy

[Anonymous]

LOL, my sentiments exactly (minus the Masters). In the past three years working as a govt auditor I have run across numerous examples of the AICPAs idea of “good CPAs” These have been people who neglect to adequately disclose required information; can't balance a balance sheet; can't do the correct journal entries; can't get an audit done in a timely manner, and other crap that I then have to fix.

And these are only the ones I personally have run across, I've heard stories of others who have had multiple DUI's; have been censored by the state board (those are published and fun to read); and even one convicted of selling drugs. Not to mention Enron, WorldCom, Tyco and several others that were allowed to happen because of CPA complicitness.

This is an organization that is in need of some major overhaul.

[Anonymous]

LOL, my sentiments exactly (minus the Masters). In the past three years working as a govt auditor I have run across numerous examples of the AICPAs idea of “good CPAs” These have been people who neglect to adequately disclose required information; can't balance a balance sheet; can't do the correct journal entries; can't get an audit done in a timely manner, and other crap that I then have to fix.

And these are only the ones I personally have run across, I've heard stories of others who have had multiple DUI's; have been censored by the state board (those are published and fun to read); and even one convicted of selling drugs. Not to mention Enron, WorldCom, Tyco and several others that were allowed to happen because of CPA complicitness.

This is an organization that is in need of some major overhaul.

[Aldog]

Well, all thats left is to wait for scores(if anyone know approx. when Id get score back if took 4/9 let me know..)…I felt better when i left AUD but worse when I left FAR, so lets hope score is = 75<x<82…i know the 2nd testlet was harder than first, but couldnt tell by the 3rd

I cant say there were really any “surprises” on the test…despite what others have said, i had a good deal of calculations along with concept questions…really only 4 questions that i had NO IDEA what they were takling about, hopefully they were “test questions” that dont count

I finsihed the test with 5 minutes to spare, so had a chance to review my written comms (which werent bad at alll…but defintly related to other secs of CPA kind of tied in with BEC…so helped I already took FAR/AUD)

My next stop is REG (i am PRAYING i wont have to retake this section/struggling not to forget evrything)…Good luck studying to all!!! As usual, shoot me an email with any questions (ajferrer@loyoal.edu) ab it

-al

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[Author]

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