[Journey to Fate]

Hey everyone,

any suggestions on how to get thru these cost acctg and other math problems in the most efficient way? any tricks? I am memorizing all the formulas/ratios but when doing the questions on the wiley test bank, its just very frustrating to go through.

less than 3 weeks to go and am starting to feel a bit nervous.

as always thanks for the help every!!!!

BEC- 67, 69

[Excited_CPA]

I always read the end of the question first, to find out what they're asking for, in mathematical questions.

Most of the time, they're throwing so much useless filler at you, and it can scare you or make you overthink things.

Once you find the call of the question, you know what formula to apply. Like if I saw they were asking for the quick ratio, I know I will be looking for all the quick assets, and current liabilities. I also would know from doing all my practice mcq's that they'll try to trick me by throwing in inventory into the question.

Hope this helps! Just keep doing more and more mcq's and you'll do great. Good luck!

BEC 04/14/12 87
FAR 08/28/12 88
AUD 10/06/12 94
REG 02/09/13 91

[Anonymous]

I agree with @Excited. Find out what the question is asking for first before reading all the details.

For cost accounting, I tried to memorize but kept getting questions wrong so I made myself actually learn what was going on. I am not good at memorizing so I pretty much have to understand the material. I wish I had better advice…

[KassiusKlay]

@akb9874 Actually I think thats great advice. You have to remember the AICPA and NASBA know what materials we are using to study. They know Becker, Wiley and whatnot. So memorizing ratios/formulas helps you get your foot in the door, but they know that most students will just memorize the standard ABC system formula (just a random example) instead of learning what is actually going on. The thing with all these formulas and ratios is if you memorize them you mainly memorize them from beginning to end. What I mean is you memorize the most basic version of the problem. But on the test they will give you the outputs and want the inputs, and vice versa. You shold be able to work a problem backwards, forwards and be able to find all the parts of it in order to understand it. So I guess what Im trying to say is if your bad at memorizing that might be beneficial because you will actually understand what is going on instead of trying to plug and play.

Form is temporary, class is permanent.

Audit 4/19/12 - 77
BEC 5/31/12 - 75
FAR 8/30/12

[tbstew]

KassiusKlay makes an excellent point about memorizing. The AICPA is very good at knowing how to throw you curve balls. If all you've done is memorize formulas, they will invariably throw questions at you that will change the game just enough so that your memorized formula won't help you. You need to understand the substance behind the formulas, know what information is being calculated, how to use it, and how to do it backwards and sideways.

That's been my experience so far, anyway.

AUD - 79
BEC - 88
REG - 87
FAR - 86 - Woot, all done!
Ethics - 100

[Author]

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