BEC Study Group April/May 2013 - Page 26

  • Creator
    Topic
  • #176450
    jeff
    Keymaster

    Guess I’ll kick it off!

    Scheduled to take BEC on 4/19. It’s my last test so I’m putting as much study time in as I can. If I pass I get promoted, if I don’t pass I don’t get promoted, so the pressure is on!!

    Good luck to everyone taking BEC this quarter!

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

Viewing 15 replies - 376 through 390 (of 631 total)
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    Replies
  • #416467
    Shanta_J
    Member

    Today I'm taking my chapter 5 notes and re doing the homework… then watching Chapter 6 lecture… possibly knock out the homework (round 1) for that as well.

    REG*75* 02.27.13(1)
    AUD*82* 04.15.13(1)
    BEC 05.29.13
    FAR 08.12.13

    -Becker Self-Study-
    *Through God all things are Possible*

    #416468
    Allergic2CPA
    Participant

    @drumnum…I also take it on 05/13 at noon, maybe earlier if I get to the testing center earlier. It's not too much time waiting for the scores relatively speaking. I think it's about the least amount of time one can possibly wait.

    FAR 46*, 77
    AUD 70, 79
    BEC 67, 82
    REG 75

    Texas License July 2013

    Used Yaeger lectures based on Wiley textbooks

    *Studied less than two weeks, forgot I had purchased NTS.

    #416469
    Anonymous
    Inactive

    Yeah. I waited an entire wave for my Reg score since I took it on April 3rd. It was terrible. I am currently waiting on FAR but I have found that the best way to cure the anxiety of waiting is to just study for another test! After BEC its going to be hell.. as this could be my last section!

    #416470
    Theo
    Member

    I feel like I have hit a wall. B6 is just all over the place! I feel so demotivated.

    AUD 01/17/2013 (92)
    REG 02/28/2013 (85)
    FAR 04/26/2013 (85)
    BEC 05/30/2013 (88)

    #416471
    Theo
    Member

    Is it just me or does Becker's definitions of the risk appetites seem off to anyone else. I learnt previously that risk averse managers seek low risk projects whilst risk seeking behavior will tolerate high risk but expect equally high returns (not per becker “an increase in the level of risk results in a decrease in management's required rate of return”. To me that doesn't even make sense, to put it plainly).

    I tried to find a definition from an authoritative source but I could only find this from a document published by COSO:

    “If an organization is setting very aggressive goals, then it should have an appetite for a commensurate level of risk. Conversely, if the organization is very risk averse, i.e., has a low appetite for risks, then one would expect that organization to set more conservative goals.”

    What are your thoughts?

    AUD 01/17/2013 (92)
    REG 02/28/2013 (85)
    FAR 04/26/2013 (85)
    BEC 05/30/2013 (88)

    #416472
    so1913
    Participant

    I'm reading through BEC NINJA notes and then will hitting 100 question progress tests…

    I also have the newly released questions, may look at those tomorrow. Did they release explanations for them yet? When I printed them a few weeks ago they hadn't provided explanations with the answers yet.

    I'm seeing a few things mentioned in the NINJA notes I don't remember coming across in Becker studies…I just hope I know enough by Friday to get that 75.

    AUD - 90 Pass
    REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
    BEC - 79 - Pass
    FAR - 70,82 - Pass

    #416473
    so1913
    Participant

    @Theo I THINK what Becker is saying is a risk seeking attitude acknowledges the risk of the possibility of low return with the high risk investment. So although they are seeking high returns, pursuing such investment means they are willing to accept a low rate of return (their worst case scenario).

    AUD - 90 Pass
    REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
    BEC - 79 - Pass
    FAR - 70,82 - Pass

    #416474
    Theo
    Member

    Thanks @so1913. I understand what you are saying and it makes sense that if you're assuming a higher risk for a higher return then you are accepting the possibility of low or no returns but it doesn't mean that your required rate of return decreases. Now I'm getting the related MCQs wrong cause I'm all confused.

    On another note, not to alarm you but, based on past experience, you will still get to the exam and see some material that you have never read before, so don't sweat it. I just got a question on “an investor's certainty equivalent” and surprise, surprise it's not mentioned anywhere in the text.

    AUD 01/17/2013 (92)
    REG 02/28/2013 (85)
    FAR 04/26/2013 (85)
    BEC 05/30/2013 (88)

    #416475
    Anonymous
    Inactive

    Just out of curiosity So1913 what type of things are you seeing in Ninja not covered in Becker? I went to a link someone provided with some notes on the sections and there were a ton of stuff about business structures but than I heard someone mention that they restructured some of the content.

    Theo: keep pushing on buddy, I just reread B1 and am redoing the MCQ's. I feel like I am in the zone lately. I was so demotivated at first because I was in a transitionary period after taking FAR and I feel as if my brain was checked out. It always takes a good couple of days to switch gears. As far as those risk seeking behaviors, they seem conceptually backwards, there is no question about that but from what I understand the Risk Averse means that in order to accept more risk, there will have to be an equally or greater return anticipated whereas Risk Indifferent, they don't care one bit about risk, they just want the highest return. Risk Seeking (which seems extremely backwards) just searches for risks and doesn't care about the return i.e., they don't care if the return is decreasing. Now you show me someone who is Risk Seeking and I will give you 100 bucks because it seems to me that no one would literally seek out risks for no return increase?

    Does anyone know what the COSO Change Continuum is? I remember briefly learning about it in my Principles of Management Class but I can't seem to find an easy explanation by a simple google search.

    #416476
    Theo
    Member

    @bcjasper09 ” Now you show me someone who is Risk Seeking and I will give you 100 bucks because it seems to me that no one would literally seek out risks for no return increase?”

    My point exactly!

    AUD 01/17/2013 (92)
    REG 02/28/2013 (85)
    FAR 04/26/2013 (85)
    BEC 05/30/2013 (88)

    #416477
    Anonymous
    Inactive

    Have you hit IT yet, if you think B6 is abstract.. just wait till you start reading some of that junk. I mean I am 22 years old, and after reading that chapter I feel as if I am 82. I feel like IT is such a changing field that the examiners must have to change questions like every 2 months because there is constantly new technology coming out. I mean they describe 3G in there like its an emerging thing, but thats obsolete already! Get with the times Becker!

    #416478
    so1913
    Participant

    @Theo

    You're right… I can't expect EVERYTHING under the sun to be covered in review material, nor me know it all even if it was! Just hope those questions on my test day are few and what I do access to learning, I get in the next 6 days! lol

    AUD - 90 Pass
    REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
    BEC - 79 - Pass
    FAR - 70,82 - Pass

    #416479
    so1913
    Participant

    Ahhhh this exam…. lol

    AUD - 90 Pass
    REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
    BEC - 79 - Pass
    FAR - 70,82 - Pass

    #416480
    Theo
    Member

    I am still trying to push through B6, moving verrrryyyyy slowly. I have actually thought of ignoring the IT appendix and hoping that it doesn't show up in the exam. I don't wanna be bogged down with too much information. I wonder if anyone's who's already taken the exam would think it's important to review the appendix.

    AUD 01/17/2013 (92)
    REG 02/28/2013 (85)
    FAR 04/26/2013 (85)
    BEC 05/30/2013 (88)

    #416481
    Anonymous
    Inactive

    Off topic but So1913 how'd you get a picture?

Viewing 15 replies - 376 through 390 (of 631 total)
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