[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

[MrsBing]

Didn't get as much studying done during the weekend as I would've like. During the next 4 days is cram time, I plan to read 10-20 flashcards every hour on the hour. Read through all formulas 2-3 times a day. Read through at least half my notes each day and spend 4 hours/day on MCQ's. The day before the exam review WC's.

Good luck to everyone completing BEC this week.

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

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

Licensed Arizona CPA

[Determined CPA]

scarletknight91 – that's what I thought

COSO Internal Controls

ORC – Operating (efficiency and effectiveness), Reporting (“FACT”) and Compliance (laws and regs)

Control environment – EBOCA

Risk Assessment – EAR

Info & Communication – FACT

Monitoring

Existing control activities

ERM –

SORC – Strategic (balance risk & return) + ORC

Internal Control – EBOCA HR

Setting Objectives – SORC

Event Identification

Assessment of risk

Risk Response

Activities (control) – policies and procedures

Information & communication (internal & external)

Monitoring (ongoing tests, evaluations, report deficiencies)

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.

[scarletknight91]

working capital increases do not get added to the depreciable base for capital budgeting correct?

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

DONE

[Determined CPA]

Not the depreciable asset for determining tax shield, just to the initial outflow.

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.

[scarletknight91]

yea just double checking thanks

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

DONE

[MrsBing]

Also make sure you subtract it from the last inflow if the requirement is no longer needed.

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

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

Licensed Arizona CPA

[Determined CPA]

what do you mean mrsbing?

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.

[MrsBing]

From what I read in Becker, when you're adding working capital to the initial investment you're want to release the working capital once the project is over.

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

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

Licensed Arizona CPA

[MrsBing]

Its' on page B3-6 under Disposal of the Project “one-time terminal year inflow”:

“A working capital commitment that was recognized as an indirect cash outflow at the inception of a project is recognized as an indirect cash inflow at the end of the project when the working capital commitment is released.”

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

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

Licensed Arizona CPA

[Determined CPA]

omg I totally forgot about that…glad you said something!

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.

[scarletknight91]

how do the may 29thers feel about where they stand?

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

DONE

[scarletknight91]

i plan to finish another chapter 6 review, i want to go over the wc's again, and i plan to take a 30 mc progress test for all 6 chapters

tomorrow – review econ & tech, take practice exam 1 (since i already took practice exam 2) & then flip through the book to hone in on anything else

then exam thursday 8am in the concrete jungle of fair lawn nj lol

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

DONE

[Determined CPA]

Im testing in Fairlawn too! Good luck!

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.

[scarletknight91]

nothing like barreling down route 4 in commuter traffic to take an exam lmao

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

DONE

[Determined CPA]

Yikes, Rt 4 is miserable! I live in New York and my testing center choices are between the every-so-boring ride to Poughkeepsie or Fairlawn. Fairlawn wins every time.

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.

[Author]

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