[Q2] BEC Study Group 2014 - Page 34

  • Creator
    Topic
  • #183480
    jeff
    Keymaster

    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

Viewing 15 replies - 496 through 510 (of 625 total)
  • Author
    Replies
  • #558366

    Determined CPA: the capm calculation would have been this-

    Required return on equity = .09 + .8 ( .15 – .09) = .138

    FAR: PASSED
    REG: PASSED
    AUD: PASSED
    BEC: PASSED

    DONE

    #558367
    titoav15
    Participant

    Do you guys think that there will be detailed questions on SOX? Meaning what is included in Title III of the act for example?

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

    #558368
    Determined CPA
    Participant

    Youre right – I had the calc right but somehow my calc came out wrong – always happens LOL

    still, I think the wording is clear enough that they want us to calculate the WACC using after tax percentages and not CAPM.

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #558369
    titoav15
    Participant

    I would kill to bring my own calculator to the exam! I think that its way faster to calculate with.

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

    #558370
    Determined CPA
    Participant

    titoav15 – I agree! My own calculator works wonders! Theirs, not so much.

    As far as Sox and the specific titles, possibly? I've never taken BEC yet so I don't really know what to expect but in my mind, I don't see them getting that specific. I don't recall any practice questions that were the specific. I do think that first chapter in BEC is a big portion of the exam, thought. I don't think i'm going to get too concerned with the specifics of what is under each title.

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #558371
    RedSoxFan77
    Member

    ^ the exam's virtual calculator is pretty awesome though. it has a running tape so you can do multiple calculations and see all of them at the same time, my at home calculator can't do that. and it puts commas in when necessary, that's a huge plus, the numbers are so much easier to read with the commas.

    FAR 75
    AUD 74, 82
    REG 58, 74, 83
    BEC 68, 75
    Licensed 7.1.14!!!

    #558372
    MrsBing
    Member

    How long does everyone think we should leave for the writing portion? I'm really worried about this section, it takes me awhile to write documents/memos.

    Becker, Wiley Test Bank, and Ninja 10 Point Combo!

    FAR: 89
    REG: 87
    AUD: 92
    BEC: 75
    Ethics: 90

    Licensed Arizona CPA

    #558373
    Jsingh23
    Member

    Is salvage value included when calculated payback period for investments? I can't find the questions right now…but I def recall one question which used it in the calculation and one question that did not…

    @MissBing….I think 45 minutes should be more than enough time.

    AUDIT-89
    BEC-83
    REG-78
    FAR- April 19

    #558374
    titoav15
    Participant

    @Jsingh23 payback does not include salvage value.

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

    #558375
    titoav15
    Participant

    @Determined CPA, thanks! This makes me feel better! I had enough of a fun time studying the “eboca” language here lol

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

    #558376
    Determined CPA
    Participant

    titoav15 – I hear you! Plus, after taking audit and memorizing CRIME, now it's CRIME HR, EROBA EAR AIM IS….I was getting so confused!!! For that chapter I actually think Becker made it more confusing then it needs to be…I like the ninja notes on that stuff!

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #558377
    titoav15
    Participant

    One more concern of mine… factoring calculation is a weakness of mine… what are the chances of getting a mathematical question on it? I get the theory… just mess up on the calc part. Can anyone simplify it for me?

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

    #558378
    titoav15
    Participant

    Determined CPA, I hear you on that, I remember when I read that the first time, every other word was a curse word for me! haha

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

    #558379
    Determined CPA
    Participant

    What do you mean factoring? do you have a question you can share?

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    #558380
    titoav15
    Participant

    Like when you factor receivables, meaning sell them up front to a company to get cash today. However you will get less cash than the receivable is worth because of risk of default and fees that are associated. I can't find a specific question, once I do, Ill post it (seen it a while back)

    BEC: 5/21/14 82! PASSED HALF WAY THERE!
    FAR: 4/2/15 80! Almost there!
    AUD: 69, 74, 4/3/14 81! PASSED
    REG: TBD

Viewing 15 replies - 496 through 510 (of 625 total)
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