[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]

2 hrs!!!!

[NYCaccountant]

Good Luck @Casa!

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

Any last minute advice????

[jrosen92770]

Read very carefully. Good luck.

BEC - 5/26/2013 75
REG - 8/31/2013 82
AUD - 11/24/2013 74, 2/9/2014 92
FAR - 5/25/2014 85

NY CPA

[NYCaccountant]

How is your COSO? Despite me passing, BEC kicked my @$$. I feel I guessed enough for a pass, but COSO! You got this though.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

First time around I felt I knew COSO very well but some of the COSO questions I got were WAY out there!! Very convoluted. I got comparable per my score report. Was weaker in Financial and Ops Mgmt so I focused on that. Went over everything but put more effort into those 2.

[Peterman25]

Roger's materials dedicate about a textbook page to the direct method and step method, but not the reciprocal method.

Good luck Casagarber!! We all need it!

BEC 7/14 - PASS
FAR 10/14 - PASS
AUD 1/15 - PASS
REG 4/15 - PASS

AZ license - Official 8/20/2015

[parsenov]

Heres some feedback. 1st testlet was medium, 2nd was out of this world, 3 – kinda medium. The essays were about IT not documenting control changes, implementing ERP, benefits of Balanced Scorecard.

Good luck to you all.

[M.O.D.]

This question came up before regarding IT jargon:

Structured portion: computer can solve

Unstructured portion: requires manager’s insight and judgment

BA Mathematics, UC Berkeley
Certificates in CPA and EA preparation, College of San Mateo
CMA I 420, II 470
FAR 91, AUD Feb 2015 (Gleim self-study)

[M.O.D.]

@ parsenov

The testlets are given to you based upon your prior performance. You likely did well on the first, so you got a hard second, but you did not do well on it so you got easier for the third…

This is why people think they passed and are shocked otherwise: they only got easy testlets which they think they aced …

BA Mathematics, UC Berkeley
Certificates in CPA and EA preparation, College of San Mateo
CMA I 420, II 470
FAR 91, AUD Feb 2015 (Gleim self-study)

[parsenov]

Yes, That ELO based performance is not always working out well :(Well, we will see in about a month 🙂 BTW Thank you all for the support here – i been lurking for 2 months finding solutions to twisted BEC problems and i usually found them here.

Good luck

[Anonymous]

Hopefully it went well @Casagarber and @Parsenov!

[Anonymous]

Waiting the news from @Casagarber

[Anonymous]

Well…I feel more exhausted coming out this time than last…is that good news? Hopefully. Of course I made the horrible choice of looking up some answers and found a couple I got wrong…ugh…hard not to do that!

[Anonymous]

I am soooo bummed we have to wait so long!!!!

[Author]

Replies