[jeff]

@h0wdyus

Incorrect

The answer is B. Comparable sales.

“The use of comparable sales is not an income approach to valuation of a business, it is a market approach. Under the comparable sales approach, the value of a business is determined by comparing it to other entities with comparable characteristics for which the value is more readily determinable.”

This was a tricky one

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

[h0wdyus]

I think it is B

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[TigerWoods]

I take this exam next week; I've been studying Becker. I don't recognize many of the questions you are posting much less able to get the right answer. I'm not overly concerned because Becker hasn't failed me yet, but it does have me a little worried.

[h0wdyus]

Don't be worried. I am guessing on them too, just thinking it through. this is not the time to worry.. just keep reviewing.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

CORRECT

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[RandomAlt]

@TigerWoods

Yep, I've been thinking the exact same thing. There have been so many questions that I haven't see anything close to in CPAexcel. You start to worry about not having enough info, but then you realize there is no course that can cover EVERYTHING. There is enough info in every course to pass. I felt CPAexcel prepared me well for FAR, so I'm not worried (that much) about BEC.

@h0wdyus

If you guess correctly, you are doing it right. That is half the point I guess, to study enough so you can make educated guesses on the actual exam.

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[h0wdyus]

@Random

The theory questions are hit or miss. I do focus on reading the material in the Wiley Textbook and I am a very slow reader. I am also using Yaeger Video. In the end it is reading the chapter that really helps me make my guesses. I do work in IT so some of the IT related questions I am able to answer, even though the questions are a little detached from reality, makes guessing even worse.

I also pray every day.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

I'm also worried because BEC can be very easy or hard, depending on the draw of questions they throw at you.

I wouldn't say people pass this section based on luck, because there are some smart folks out there. But for me, I'm counting on “luck” to be the decisive factor.

@Zackrampage…

Are you still around?

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

An example of where job order costing is not appropriate is:

A Manufacture of custom made cabinets

B Providing medical services to a patient

C Manufacturing plastic tubs

D Building a bridge

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[jinyi]

@stoleway

C? other answers are specific jobs.

REG 90 (07/20/14)
FAR 91 (08/10/14)
BEC (08/24/14)
AUD (08/31/14)

[h0wdyus]

C. Tubs are a process. A continuous process of sort. While all the others a specific projects and separately identifiable so job order is appropriate for them.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

C is correct

Question

Jacob Jared Johnson is managing a project at Brony Corp. His manager is warning him about the various risks of project management, including the risk that Jacob's project as currently designed overreaches management's intentions at its inception. This risk is known as:

A Deliverable dissatisfaction risk

B Cost overrun risk

C Time slippage or deadline risk

D Inappropriate scope risk

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[h0wdyus]

I am not going to answer it. 🙂

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[h0wdyus]

D.. Scope would mean the intention

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[NJPRU]

@Lauren and @stoleway – you two will be just find, remember to RTMFQ (something i will always live by and the first thing I will tell people when they ask me about taking the exam). Good luck with your final reviews! 🙂

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[lauren725]

Thanks NJ! I miss your motivation. I know you will do great on this test! Hope to see you in Q4 for REG!

In the meanwhile, I have poured a glass of wine. Maybe this will help me understand variance analysis better. I will check back.

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[Author]

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