[jeff]

I’ve had a few requests for April/May Study Groups…March will be here before you know it.

In order to take an early April exam, you should begin studying…now. 🙂

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

[mjp44]

I agree, Mass. Im through about 4 chapters in becker and B2- cost accounting was definitely the hardest for me so far. The questions take FOREVER to work through! Still confused with overhead variances. I will definitely hit that section hard when i start final review

FAR- PASSED (11/13)
REG- PASSED (2/14)
BEC- PASSED (5/14)
AUD- PASSED (8/14)

If it's important to you, you will find a way. If it isn't, you will find an excuse.

[Quinacridone]

I just started intense BEC study this week (took AUD on Saturday, so before that I was just reading through Bec 1 (Beckers)). Just made my appointment for May 6. Its a timeframe I'm a little less than comfortable with, but I think its doable.

I'm trying something a little different: rather than moving linearly through the book (B1 to B6), I'm doing a little bit in each chapter (I have done a significant portion of 1, 2 and 5 and started lectures for 4, hoping to carve into 3 some and work more in 2 tonight). I'm hoping this approach will cut down on the intense review at the end where I find that I don't always retain everything from earlier chapters. Chapter 2 is ridiculous with the homework already!

So far I'm coming across topics that I have familiarity with (I just finished an ph.d. level finance class last summer – was completely over my head when I was in it, but have retained enough that I think I can get through that chapter without too much difficulty).

So hello all! Hoping for a great finish for all of us!

Jeanette

REG - Nov 4, 2013: 88
FAR - Feb 27, 2014: 86
AUD - April 5, 2014: 91
BEC - May 6, 2014: 83

Florida CPA 24 July 2014
(Done in seven months - thank you Jesus!!)

[rvcpa]

I just started BEC this week and nothing seems to be clicking. I am watching all the vids first like Jeff recommends and dont seem to be grasping much. Any advice?

[Anonymous]

Does anyone know if there's a JE / formula list somewhere on the internet for BEC?

[Anonymous]

Just scored an average of 80 (m/c only) on the first Becker practice final. Feeling pretty good about it. Exam is a week from tomorrow!

[Anonymous]

Gave BEC on 04/09, waiting for the result. Yes, April is going to be a long month! The challenging part is studying for the next section while waiting for the result to the previous one!

Becker self-study.

REG : Passed

FAR : Passed

BEC : Awaiting result

AUD : 07/03

[Anonymous]

Maybe someone can help me here….

Zig Corp:

Pretax Op Prof $300mm

Tax Rate 40%

Capital (50/50 debt equity) $1,200mm

Cost of equity 15%

Cost of debt 5%

What's the EVA?

A. $60mm

B. $120mm

C. $180mm

D. $0

The answer is $60mm, explained as: NOPAT = $180mm = [$300mm – (40% x $300mm)], WACC = 10% = [(15% + 5%)/2]. EVA = $60mm = $180mm – (10% x $1,200mm).

Anyone know why I'm not multiplying the cost of debt by 1-tax rate? I realize I'm already multiplying profit by the tax rate, but aren't these things mutually exclusive? I got $72mm (and guessed right) because I ended up with a WACC of 9% instead of 10%. 🙁

[OXZ]

CPA means Cant Pass Again,

I just did the same question. The 5% of cost of debt is after tax cost. The way you calculated is correct, the question is wrong.

AUD - Pass
FAR - Pass
REG - Pass
BEC - May 28 2014

[hopeimnottoolatetobeacpa]

Hi Guys,

I just started studying BEC and using Becker, Chapter 1 has a lot of theoretical information, i'm trying to figure out the most efficient studying method, do you guys just read it and highlighted or underline or re-write the information? (i started to re-write chapter 1 and found it so time consuming).. Thanks guys! and Happy Studying 🙂

[Quinacridone]

HopeImNotTooLateToBeACPA,

On other sections I have written chapter summaries (FAR), but for BEC, after you get past the first part of chapter 1 (COSO and internal control stuff), you are going to find yourself knee deep in calculations. I've been writing in a word document a table where I put all of the most important formulas along with the page number in the book for reference as needed. I also think the flashcards are an invaluable tool for this section.

.

REG - Nov 4, 2013: 88
FAR - Feb 27, 2014: 86
AUD - April 5, 2014: 91
BEC - May 6, 2014: 83

Florida CPA 24 July 2014
(Done in seven months - thank you Jesus!!)

[hopeimnottoolatetobeacpa]

Thanks Quinacridone, Chapter 1 definitely is a lot of memorization and writing, it is taking me a lot more time than i anticipated to write all these COSO, internal control stuff. I can't wait to go through the other chapters for formula and just do multiple choice. Thank you

[How many letters do you need]

Hi All. Just took FAR today and have BEC scheduled for May 24th so no time to pout or wait around for score release. It's on to BEC! Hows everybody feeling on the topics so far?

MBA,CMA,CPA, CFF?, ABV?

[Quinacridone]

How many letters do you need – I'm not enjoying BEC. I used to love cost accounting (still do), but am not enjoying the study material. Like you, I just gave myself a short window to study (I took AUD on April 5, and am taking BEC on May 6).

Hopefully we get through all this!

REG - Nov 4, 2013: 88
FAR - Feb 27, 2014: 86
AUD - April 5, 2014: 91
BEC - May 6, 2014: 83

Florida CPA 24 July 2014
(Done in seven months - thank you Jesus!!)

[MassCPA2014]

I have a question. In Becker, the Payback method examples take into account the tax rate when computing how long it'll be before getting the investment back, but the discounted payback method ignores tax. Why?

FAR: 86
AUD: 88
REG: 85
BEC: 84
DONE!

[Anonymous]

Damn. 65 on Becker practice exam 2 after getting an 80 on the first. Total confidence killer

[Author]

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