[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

[ZSRizvi]

Good luck bluegirl! And tell us how it goes. 🙂

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.

[Zaq]

Going to start attempting to knock out the 120 Becker questions for the second half of Becker's B2. Doesn't sound fun. But I feel like I got a good understanding of budget analysis.

I don't get the SAD part of PURE DADS?

Standard – Actual? In Becker, all of the formulas show Actual – Standard. That's… pretty confusing.

FAR: 50, 76!
REG: 74... (ouch baby, very ouch), 76!
AUD: 65, 91!?
BEC: 80! Aaaand doneskies!

May 2012 to August 2013. Can't believe it's over.

[Zaq]

Going to start attempting to knock out the 120 Becker questions for the second half of Becker's B2. Doesn't sound fun. But I feel like I got a good understanding of budget analysis.

I don't get the SAD part of PURE DADS?

Standard – Actual? In Becker, all of the formulas show Actual – Standard. That's… pretty confusing.

FAR: 50, 76!
REG: 74... (ouch baby, very ouch), 76!
AUD: 65, 91!?
BEC: 80! Aaaand doneskies!

May 2012 to August 2013. Can't believe it's over.

[kkimi05]

@InfernoOmni…i am right behind you just took my AUD exam last Friday, and planning to take BEC on the 29th of August. Looking forward to a different subject matter. But not looking forward to putting all the hours in again.

Do you guys think I can study BEC in 6 weeks and 3 days while working? I think it can be done, but just looking for some confirmation from others. I will be using Becker self study.

REG - 2/27/2013 - 78!!!!
AUD - 5/17/2013 - 72...Retake July 12th - 79!!!!
BEC - 8/29/2013 - 77!!!!
FAR - 11/14/2013- 72....Retake February 28th - 80!!! DONE!!!!

AICPA Ethics - 98!

[kkimi05]

@InfernoOmni…i am right behind you just took my AUD exam last Friday, and planning to take BEC on the 29th of August. Looking forward to a different subject matter. But not looking forward to putting all the hours in again.

Do you guys think I can study BEC in 6 weeks and 3 days while working? I think it can be done, but just looking for some confirmation from others. I will be using Becker self study.

REG - 2/27/2013 - 78!!!!
AUD - 5/17/2013 - 72...Retake July 12th - 79!!!!
BEC - 8/29/2013 - 77!!!!
FAR - 11/14/2013- 72....Retake February 28th - 80!!! DONE!!!!

AICPA Ethics - 98!

[Jennifer241]

@Yama1317

Another way to look at that (Real IR = Nominal IR – Inflation) is :

The real interest rate = Interest rate at the current prices – current inflation rate

It's easier for me to understand that if I want to know the real interest rate I am paying for something, I need to take the interest rate at the current prices and subtract the inflation in the economy.

@kkimi05 I am doing BEC in 6 weeks, I have been reviewing the material for the past week and a half (I work full time)

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

[Jennifer241]

@Yama1317

Another way to look at that (Real IR = Nominal IR – Inflation) is :

The real interest rate = Interest rate at the current prices – current inflation rate

It's easier for me to understand that if I want to know the real interest rate I am paying for something, I need to take the interest rate at the current prices and subtract the inflation in the economy.

@kkimi05 I am doing BEC in 6 weeks, I have been reviewing the material for the past week and a half (I work full time)

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

[Anonymous]

I have a question on Net Present Value and Internal Rate of Return. In Gleim, study unit 9, they discuss comparing a project's internal rate of return with the hurdle rate, and only to accept the project if IRR exceeds the hurdle rate.

Here is an example of the questions I am seeing:

“What is the approximate IRR for a project that costs 50,000 and has cash inflows of 20,000 for 3 years?

Rate of Return ; PV of Annuity of $1 in 3 years

6% ; 2.673

8% ; 2.577

10% ; 2.487

12% ; 2.402″

The answer explanation says “The factor to use is 2.5, which is found at a little under 10% on the 3 year line of an annuity table”

And that's the only explanation they give….

I have seen 3 questions like this one in a row with the similar answer explanation

Are we seriously expected to memorize the PV annuity tables??? Unreal!

[Anonymous]

I have a question on Net Present Value and Internal Rate of Return. In Gleim, study unit 9, they discuss comparing a project's internal rate of return with the hurdle rate, and only to accept the project if IRR exceeds the hurdle rate.

Here is an example of the questions I am seeing:

“What is the approximate IRR for a project that costs 50,000 and has cash inflows of 20,000 for 3 years?

Rate of Return ; PV of Annuity of $1 in 3 years

6% ; 2.673

8% ; 2.577

10% ; 2.487

12% ; 2.402″

The answer explanation says “The factor to use is 2.5, which is found at a little under 10% on the 3 year line of an annuity table”

And that's the only explanation they give….

I have seen 3 questions like this one in a row with the similar answer explanation

Are we seriously expected to memorize the PV annuity tables??? Unreal!

[Jennifer241]

50,000 / 20,000 = 2.5 years

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

[Jennifer241]

50,000 / 20,000 = 2.5 years

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 Jennifer! That totally makes sense.

For anyone that has gotten through IT portion, do you feel like these questions are ALL about making educated guesses? LOL. I am a bit tired this afternoon from non-stop studying all weekend so I need to read these questions more than once….I find myself not knowing the answer right away and literally answering them based on process of elimination…hoping I get easy IT questions on the exam and not a WCT on it!

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 Jennifer! That totally makes sense.

For anyone that has gotten through IT portion, do you feel like these questions are ALL about making educated guesses? LOL. I am a bit tired this afternoon from non-stop studying all weekend so I need to read these questions more than once….I find myself not knowing the answer right away and literally answering them based on process of elimination…hoping I get easy IT questions on the exam and not a WCT on it!

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]

IRR = investment / cash flows so it is calculated as 50K/20K =2.5%

IRR is expressed as a factor (i.e. rate, %) not in $ like with the NPV method. It is also NOT expressed in years. That is for the payback period formula, which estimates how long it will take for an investor to get back the money they invested in a project (I always think of Mr. Wonderful from Shark Tank if anyone here watches that show!)

Something to remember is that IRR and NPV factor are inversely related, meaning a higher IRR = lower NPV factor.

Also when IRR > hurdle rate, you should invest in the project so 🙂

When IRR < hurdle rate, you should not invest in the project so 🙁

The hurdle rate is the internal rate that the company has established for the project. So anything exceeding it means you are getting a bigger return!

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]

IRR = investment / cash flows so it is calculated as 50K/20K =2.5%

IRR is expressed as a factor (i.e. rate, %) not in $ like with the NPV method. It is also NOT expressed in years. That is for the payback period formula, which estimates how long it will take for an investor to get back the money they invested in a project (I always think of Mr. Wonderful from Shark Tank if anyone here watches that show!)

Something to remember is that IRR and NPV factor are inversely related, meaning a higher IRR = lower NPV factor.

Also when IRR > hurdle rate, you should invest in the project so 🙂

When IRR < hurdle rate, you should not invest in the project so 🙁

The hurdle rate is the internal rate that the company has established for the project. So anything exceeding it means you are getting a bigger return!

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 🙂

[Author]

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