[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

[Anonymous]

A?

[h0wdyus]

46100

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

FROM NJ

[EYNewHire]

49,125 for the step method. (Been a long time since I saw that)

Yield curve risk

Guessing on both. Not a good sign.

[Anonymous]

Good for you, @H0wdy.

I'm not bothering with step-down considering Becker has a paragraph and no example for it in the most recent text.

[h0wdyus]

D. what is the answer.

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

FROM NJ

[h0wdyus]

@nick

Freaking Cindy ( Yaeger )has a example on reciprocal method too. It takes too long to do it and a lot of calc.

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

FROM NJ

[jamie7johnson]

Just got out!

I don't know if I can say how I did one way or another. Completely guessed on 5 even though I know I should have known how to do them. I could have probably worked them out but I had to budget my time. The second testlet took me an hour!

Becker prepares you on what to expect for the writing component, including the to and subject fields.

REG - 79
BEC - 80
FAR - 80
AUD - 77

[rzrbkfaith]

Going out to only 2 decimal places I get $49,500 so I would guess $49,125… but I use Becker and have no idea what the step method is.

AUD - 99
BEC - 97
REG - 91
FAR - 1/8/16

[Anonymous]

A company employing an online computer system has CRT terminals located in all operating departments for inquiry and updating purposes. Many of the company's employees have access to and are required to use the CRT terminals. A control the company would incorporate to prevent an employee from making an unauthorized change to computer records unrelated to that employee's job would be to:

A.

restrict the physical access to terminals.

B.

establish user codes and passwords.

C.

use validity checks.

D.

apply a compatibility test to transactions or inquiries entered by the user.

[Anonymous]

@Jamie, we need more details within the rules…

[h0wdyus]

B

What was the answer to the earlier one. was it yeild curve

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

FROM NJ

[rzrbkfaith]

D.

apply a compatibility test to transactions or inquiries entered by the user.

AUD - 99
BEC - 97
REG - 91
FAR - 1/8/16

[h0wdyus]

@rzrbkfaith

in step method you do 2 things.

1) Determine which service department is serving the most service departments . Choose that department and allocate its cost to all other service dept and non service dept

2) If service department service equal number of service department, then choose the service department that has the highest cost and allocate to all service and non service dept

3) allocation is never done back to the department that has been allocated ( distributed already. )

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

FROM NJ

[Anonymous]

It was option risk, not yield.

And the most recent was D, not B.

Now you can see how ridiculous some of these NINJA ones are…

[jamie7johnson]

I don't know how much more I can say. Everything on there was something that I had seen before. The theoretical questions weren't terrible and most (other than the 5 that I guessed) of the calculations were straight forward.

I didn't focus much study time on writing and I don't think you should either. I think my weakest point was not knowing all the formulas in an instant. If I were to do it over again, I'd write a different formula on my hand every day so I could better memorize them.

REG - 79
BEC - 80
FAR - 80
AUD - 77

[Author]

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