[jeff]

Welcome to the Q2 2017 CPA Exam Study Group for BEC. 🙂

[lauren.wilson14]

I am so confused on how to study for BEC. Like do I need to memorize every formula?

[Anthony]

I would personally say yes. When you're practicing problems, you're going to need to use the formulas. Soon or later, it's going to stick to your head when you're constantly exposed to problems that need the formulas.

[Vinti]

Yes you have to memorize formulas.
All the best to all candidates who are going to take exam this april. Please do post your experience with new BEC exam.

[JJ2992]

Thanks for the helpful tips guys!

[RE2PECT]

I posted this a while back when I was studying for BEC. This might be useful for anyone using Ninja.

I put together a list while going through Ninja for all the calculation questions. Many of them didn’t match up when I went back to study them and Jeff said it was because the numbers change when new ones are added. Here’s some that you can go back and work on if you’re having trouble with certain areas.

Variances

DLEV- 881, 1181, 1320, 1322
DMPV- 938, 916, 918, 1046
DMUV- 903, 907
DLRV- 880, 908
DMPV & DMUV- 1028
OH Spending Variance- 917
VOH Efficiency- 1201
Selling Variance- 889
OH Spending Variance- 902
Flexible Budget Variance- 894
VOH Efficiency Variance- 1012
Production Variance- 1013

Process Costing

Conversion Costs- 892
W/A- 1052, 1061, 1271
W/A conversion cost per unit- 1184
Costs transferred out- 1079
W/A equiv units- 1053
FIFO equiv units- 1062
W/A conversion cost- 1038

Break Even Analysis

Margin of Safety- 1283
B/E units- 845, 849, 859, 904, 909, 920, 944
B/E analysis- 904, 909
B/E sales- 1156
Finding FC using B/E- 1266

Ratios

Profit Margin Percentage- 926
ROI- 977, 980
ROE- 1162
ROA- 961
Residual Income- 960, 984, 971, 979,
EVA- 970
ROI & Res Inc- 993
Return on Sales- 923
WACC- 391
Times Interest Earned- 423
Cost of Equity- 326
Debt to Equity- 481
Degree of Financial Leverage- 372
Cost of P/S- 324, 377, 378, 386
A/R Turnover- 1144
# Days Sales in Inv- 485
Inventory Turnover- 348, 471, 369
Inventory Reorder Point- 466, 469, 470
Annual Financing Cost- 456, 441
EOQ- 436
Cost of safety stock- 462

Capital Budgeting

NPV- 337, 263, 1365, 265, 337, 253, 262
IRR- 251, 250, 269, 866
Payback Period- 247, 360, 272, 274

Cost Accounting

OH Costs- 921, 1024, 1032
OH Applied- 910, 1063
COGM- 1082, 1270, 886
Joint Product Costs- 1025, 1007, 1083
Byproduct cost of sales- 1008
Variable & Absorption Costing- 1203, 1090, 1309, 1310, 974, 1006

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[mooseonloose]

Can someone please post a spoilage calculation question. I remember there was on on Ninja, but mine expired.

[Tncincy]

Thank you for the list, I will be utilizing it as I plow away at these mcq's.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Grasshopper]

@Re2pect Thank you sooo much for posting the question numbers for those with the critical calculations! I might just pass because of this little piece of information! Again Thanks a million! I have to pass up that nasty 74 I got earlier this month!

[yehia]

Any one here have idea about material content changes in BEC for 2017 i have found some web pages saying that some content have been removed and some other small content had added , Is that kind true ??

[Tncincy]

@yehiaM: Oh Lord, I hope they didn't add anymore. The best thing is to be ready for everything. (if that's at all possible). To answer the question, I have not heard of any new things as far as concept is concerned.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[ineedthiscpa45]

I seem to be struggling on a specific chapter 3. The overall info isn't too much it's the MCQ's on the various formula's listed throughout the chapter. Would i be better off reading back through the material in order to retain what i use for different formula's? Or would it be better if i just studied how they got to the individual answer for each question pertaining to the formula's? Any advice would be greatly appreciated.

[Joe]

I found Chapter 4 to be really challenging and I am doing a combination of both, read through the highlighted sections and then work through the MCQ. I would suggest highlighting the chapter so that you have the most important parts and are not re-reading stuff you do not need. During the review process I would suggesting taking a quick read through the highlighted section of each chapter and then taking the MCQ again! I feel with Becker that the Chapter information is good review, but the MCQ make these concepts come to life and the way they are twisted and turned can cause you to get wrong questions even if you think you fully understand the chapter.

[Madam Secretary]

checking in for q2 bec exam. hoping for the best.

[mooseonloose]

Chapter 4 of becker is on of the hardest chapters. I did a progress test of all the questions (1313) B4 is my lowest, scoring 86%, 44 wrong out of 313. I noticed someone of the questions are not even mentioned on the lecture or the books.

[umitik]

@mooseonloose That's what I'm experiencing with Roger too. Ninja has way more material I never saw in Roger materials 🙁

[Author]

Replies