[jeff]

I have a question that I hope you can help me with…. I purchased the Becker CD’s and installed them on my PC. I have taken and passed all but one of the exams (BEC left).. I was checking to see if my software was up to date and noticed an expiration date of November 2013.. Does this mean my software ( downloaded from my CD’s) will no longer work after November….or will it no longer be supported but I can still take practice exams and do study questions etc?

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

[Jennifer241]

Federal Reserve is not the Federal Government

Think of them as their own separate entity.

Fiscal Policy = Fed Gov (Gov can adjust taxes and how much the gov wants to spend)

Monetary Policy = Fed Reserve adjustments (int rates, reserve balances, selling of bonds)

FYI – open market purchases by the Federal Reserve is the Reserve selling bonds, or buying them back. They do this to put in or take more of the supply of money out of/in to the market

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Amay]

Thanks!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

Thanks!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

Jennifer probably going to put in big letters that REAL IR = NOMINAL IR – INFLATION RATE because I keep mixing it up!!! Trying to engrave in my head that “N”nominal uses “N”ormal or current prices (meaning no inflation adjustment necessary) so the formula should be easy to remember…

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

Jennifer probably going to put in big letters that REAL IR = NOMINAL IR – INFLATION RATE because I keep mixing it up!!! Trying to engrave in my head that “N”nominal uses “N”ormal or current prices (meaning no inflation adjustment necessary) so the formula should be easy to remember…

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[ZSRizvi]

I have a question regarding Days Sales Outstanding (DSO).

I came across this problem on Becker (once again) and I got the answer right but I still am confused about its meaning:

Clauson Inc. grants credit terms of 1/15, net 30 and projects gross sales for next year of $2,000,000. The credit manager estimates that 40 percent of their customers pay on the discount date, 40 percent on the net due date, and 20 percent pay 15 days after the net due date. Assuming uniform sales and a 360-day year, what is the projected days sales outstanding (rounded to the nearest whole day)?

The answer is 27 because you multiple 40% by 15 which is 6, 40% by 30 which is 12, and then 20% by 45 which is 9.

What I want to know is what does that mean? 6, 12, and 9 days of A/R still left to collect? Or is that how long it takes to collect A/R?

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[ZSRizvi]

I have a question regarding Days Sales Outstanding (DSO).

I came across this problem on Becker (once again) and I got the answer right but I still am confused about its meaning:

Clauson Inc. grants credit terms of 1/15, net 30 and projects gross sales for next year of $2,000,000. The credit manager estimates that 40 percent of their customers pay on the discount date, 40 percent on the net due date, and 20 percent pay 15 days after the net due date. Assuming uniform sales and a 360-day year, what is the projected days sales outstanding (rounded to the nearest whole day)?

The answer is 27 because you multiple 40% by 15 which is 6, 40% by 30 which is 12, and then 20% by 45 which is 9.

What I want to know is what does that mean? 6, 12, and 9 days of A/R still left to collect? Or is that how long it takes to collect A/R?

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[Amay]

That is A/R Collection period, how long it takes to collect AR

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

That is A/R Collection period, how long it takes to collect AR

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

TRUE OR FALSE: There is a direct relationship between the amount time you study and the application of RTFQ?

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

TRUE OR FALSE: There is a direct relationship between the amount time you study and the application of RTFQ?

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[ZSRizvi]

Thank you Yama.

And what's RTFQ?

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[ZSRizvi]

Thank you Yama.

And what's RTFQ?

BEC (July 2013)
FAR (OCT 2013)
REG (NOV 2013)
AUD (JAN 2014)

The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

I have a long...long...journey ahead of me.

[ROACH]

I'm going through the MCQ in the Wiley book and testbank multiple times

2x Wiley book and…

2x Wiley testbank…

I have unintentionally memorized a good 40-60% of all the answers since I've studied this section a few months before.

How detrimental do you think this is… anyone going through the same thing?

BEC: 66 | 69 | 7/23/2013
AUD: 8/28/2013
REG:
FAR:

[ROACH]

I'm going through the MCQ in the Wiley book and testbank multiple times

2x Wiley book and…

2x Wiley testbank…

I have unintentionally memorized a good 40-60% of all the answers since I've studied this section a few months before.

How detrimental do you think this is… anyone going through the same thing?

BEC: 66 | 69 | 7/23/2013
AUD: 8/28/2013
REG:
FAR:

[Author]

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