[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

[lauren725]

In my opinion, capital budgeting was a little easier to get through after doing planning (cost) which I referred to above. There are definitely a lot of formulas in becker as well. I am not sure how the questions differ with gleim but at least with Becker, if I see multiple questions over the same subject (or formula) I think it is probably worth knowing. Hopefully there won't be as many multiple step problems. I would just try to go over what you missed and go from there. Understanding how and why you missed a question can be huge for me in learning a concept.

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!

[Pumpkins]

I'm going to try to learn them, just hoping there won't be a huge amount on the exam. It's much harder to predict whats going to be on this one compared to AUD.

I like Gleim a lot, it got me through AUD and through all the CIA exams. However, in my experience any MCQ involving calculations in Gleim prep materials tend to be a lot longer/in depth than on the actual exam.

So I'm just not sure if it's going to be efficient to spend a lot of time working through all these.

AUD- 93
BEC- 81
FAR- 1/26/2015
REG- TBD

CIA Exams Passed in March, 2014

[Pumpkins]

And thanks both of you guys!

I'm hoping a lot of Econ and IT pops up because those are my stronger areas :/

AUD- 93
BEC- 81
FAR- 1/26/2015
REG- TBD

CIA Exams Passed in March, 2014

[Pumpkins]

And Stoleway… it's scary that you did so well on AUD and FAR but not on BEC. I thought BEC was supposed to be the easiest! lol

AUD- 93
BEC- 81
FAR- 1/26/2015
REG- TBD

CIA Exams Passed in March, 2014

[stoleway]

@pumpkin….its not been easy for me, I usually do well on mcqs but AICPA is trying to tell me that there's no way they will pass me if I dont step up my game on the written portions. Honestly, its really sad for me to be failing BEC but you can never tell how the test is graded. Im really working hard on my writing skills now.

Never underestimate the written portion, it really makes a difference.

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

Mass-CPA

[Pumpkins]

Thanks so much for the advice, and I wish you all the best on your next attempt! 🙂

AUD- 93
BEC- 81
FAR- 1/26/2015
REG- TBD

CIA Exams Passed in March, 2014

[stoleway]

Thanks pumpkin, keep grinding…we will all get there!

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

Mass-CPA

[Zackrampage]

With the amount of ninja mcq's im getting incorrect idk if I will make it :/

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[WANNABE_CPA]

@zackrampage… we are at the same page…my test scheduled for 27th august and i am still not through half material and getting most of wrong on ninja and becker…But i am pushing myself harder need to get this done in one go…WE CAN DO THIS 🙂

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

[lauren725]

Zach and wannabe — we are all in the same boat and testing the same week. I agree, try not to let the mcq's bring you down, try to learn from your mistakes as much as you can. I have learned from experience that is doesn't matter how fast you get through the material, it is how well you are learning the material as you go through it and remember to review the past chapters frequently. We can do this!

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!

[Anonymous]

Retaking BEC on Aug 28, which gives me close to 6 weeks. My plan is to study 4 days per chapter: 2 days to rewatch lectures/take notes/review notes, and 2 days to do the chapter questions. This should give me around 10 days for a final review of all the material.

Would anybody do anything differently if they were in my shoes?

The biggest debate I had in my mind was whether or not I wanted to rewatch the lectures and take notes again, or simply review the notes/flashcards I have already made. I decided to rewatch the lectures, because even if it helps a couple percentage points, it could make all the difference (I got a 73 my first time around).

Again, would you do anything differently if you were in my shoes? Thanks in advance for your insight.

[Zackrampage]

My advice to all of you who replies to my comment is two things. Read the ninja book for BEC if you have it, and do as many questions as you can. The good part about reading the bec book by Jeff is that each section has questions following a topic to see if you really understood so you are technically combining learning with answering mcq's at the time.

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[Zackrampage]

Just worked on econ questions in becker after reading ninja bec book and did well! Feeling happy for now lol

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[M.O.D.]

Here is a beauty of a question:

A company obtained a short-term bank loan of $250,000 at an annual interest rate of 6%. As a condition of the loan, the company is required to maintain a compensating balance of $50,000 in its checking account. The checking account earns interest at an annual rate of 2%. Ordinarily, the company maintains a balance of $25,000 in its account for transaction purposes. What is the effective interest rate of the loan?

A. 6.44%

B. 6.66%

C. 5.80%

D. 7.00%

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)

[stoleway]

@M.O.D…..Answer is A

250,000 X .6 =15,000 interest on loan

25,000 X.02 =500 interest on comp ballance

15,000 – 500 = 14500 (Interest expense)

Effective Interest = Interest expense/usable fund

= 14500/225,000

=6.44%

I don't know if this explanation makes sense

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

Mass-CPA

[Author]

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