[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

[stoleway]

well the strong choice was B

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

Mass-CPA

[h0wdyus]

Decentralized systems are not networked. They are used for end user computing.

Let me tell you it is an obsolete question. No one has decentralized systems that are not networked anymore. God help us.

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

FROM NJ

[RandomAlt]

A country's currency conversion value has recently changed from 1.5 to the U.S. dollar to 1.7 to the U.S. dollar. Which one of the following statements about the country is correct?

A. Its exports are less expensive for the United States.

B. Its currency has appreciated.

C. Its imports of U.S. goods are more affordable.

D. Its purchase of the U.S. dollar will cost less.

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

[RandomAlt]

Are we thinking about differenent decentralized systems?

This is how CPAexcel describes a decentralized system:

“Allow each location to maintain its own processing system and data files. In decentralized systems, most of the transaction processing is accomplished at the regional office, and **summarized data is sent to the central office.** For example, in payroll processing, the regional offices calculate time worked, gross pay, deductions, and net pay for each employee and **transmit totals for salary expense**, deductions payable, and cash paid to the central database. “

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

[stoleway]

Answer is A

The dollar has appreciated against this currency.

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

Mass-CPA

[WANNABE_CPA]

I just took a final review test and i got average 76.3% .. I figured i lack in almost everything..forgetting few formulas,concepts, got maximum problem questions in the test..

I have 3 more days..i am planing to go over all problem questions, concepts , literally cram all formulas , intense reading and reviewing of notes and book, and try few Writing questions.

Is this score a good sign or a bad sign…Anything else i should be doing in these days left?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[RandomAlt]

@stoleway … Correct…and I really need to get better at reading these currency questions

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]

A . US can buy more because the dollar has become stronger. Earlier US could buy an item that was selling in foreign country for 1.5, now US can buy an more expensive item for 1.7. FOR THE SAME 1USD

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

FROM NJ

[RandomAlt]

@WANNABE_CPA … Its no sign of anything at all. That is my personal opinion.

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

[stoleway]

@Random…

Its shocking because decentralized systems uses relational database, distributive or co-operative system. Without network, how can information be relayed? Most workplace now use decentralized system.

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

Mass-CPA

[RandomAlt]

@h0wdyus … Yeah, I need to start using simple examples when I answer these questions, because it made perfect sense…after I got the wrong asnwer.

Thats not gonna fly on test day

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

[RandomAlt]

@stoleway … I agree, and that is basically how CPAexcel describes it.

I think I realize why people say BEC is really challenging… I've seen so many contradictory statements in the last 2 days alone…

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

[stoleway]

Which of the following is not a main information systems risk?

A Financial risk

B Information risk

C Strategy risk

D Processing risk

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

Mass-CPA

[h0wdyus]

It is confusing. It is.. that is why BEC is tough… You cant just learn this like accounting. You got to visualize and think you are business man in US .. can make small example on paper and see what happens.

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

FROM NJ

[WANNABE_CPA]

D?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Author]

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