[jeff]

BEC Resources:

Free BEC Notes & Audio – https://www.another71.com/cpa-exam-study-plan

BEC 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

BEC Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[Qlad]

thanks ucmcpa …and stokey…ur questions are helping all of us…hopefully i will get better at variances after solving so many questions…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[stokey45]

OH MY GOSH!!!

I am getting it!!

I had it wrong and now I understand!

Okay I do not know if I can type this so it will show the way I would hope but here goes.

Per Becker it is A BA BS A

1st A=Actual

BA = Budgeted FOH + (Actual Hours x Std Rate/hr)

BS = Budgeted FOH + (Budgeted Hours x Std Rate/hr)

2nd A = Applied

Spending variance = 1st A vs. BA

Efficiency Variance = BA vs. BS

Volume Variance = BS vs 2nd A

I was forgetting that the “key” from Becker included both fixed and variable costs and it was totally messing me up! I got it now! Yeah Baby!

[stokey45]

OH MY GOSH!!!

I am getting it!!

I had it wrong and now I understand!

Okay I do not know if I can type this so it will show the way I would hope but here goes.

Per Becker it is A BA BS A

1st A=Actual

BA = Budgeted FOH + (Actual Hours x Std Rate/hr)

BS = Budgeted FOH + (Budgeted Hours x Std Rate/hr)

2nd A = Applied

Spending variance = 1st A vs. BA

Efficiency Variance = BA vs. BS

Volume Variance = BS vs 2nd A

I was forgetting that the “key” from Becker included both fixed and variable costs and it was totally messing me up! I got it now! Yeah Baby!

[nsc2014]

just submitted the last case homework before thxgiving and got back from school.

today's exam…

medium -medium hard- medium hard hard (the last one have some conceptual question I am not sure, like coso, that is hard for me)

a lot of computation questions throughout whole exam.

50mins on each the first three testlet and 30 mins on wc.

I think I can pass. I just need a 75.

AUD 76
FAR 85
BEC 80
REG 82

[nsc2014]

just submitted the last case homework before thxgiving and got back from school.

today's exam…

medium -medium hard- medium hard hard (the last one have some conceptual question I am not sure, like coso, that is hard for me)

a lot of computation questions throughout whole exam.

50mins on each the first three testlet and 30 mins on wc.

I think I can pass. I just need a 75.

AUD 76
FAR 85
BEC 80
REG 82

[Qlad]

This is the first year….when I said NO to shopping on Thanksgiving and sitting since morning to do mcq….didn't even look at any deals….wishing the best deal wud be my passing marks…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

This is the first year….when I said NO to shopping on Thanksgiving and sitting since morning to do mcq….didn't even look at any deals….wishing the best deal wud be my passing marks…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[UCMCPA]

I never have, nor will I ever go shopping during the holiday weeks. Not worth the frustration.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

I never have, nor will I ever go shopping during the holiday weeks. Not worth the frustration.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Qlad]

This question…i feel all answers r correct…which one is the best,…

Mgmt's written representation concerning internal control are:

A. Addressed to the users of financial stmnts

B. Normally drafted by mgmnt.

C. Included in the auditor's final report.

D. Signed by CEO and CFO…

Well I feel A and D is definitely right ….(do not have answer explanations with me…) what do u think?

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

This question…i feel all answers r correct…which one is the best,…

Mgmt's written representation concerning internal control are:

A. Addressed to the users of financial stmnts

B. Normally drafted by mgmnt.

C. Included in the auditor's final report.

D. Signed by CEO and CFO…

Well I feel A and D is definitely right ….(do not have answer explanations with me…) what do u think?

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

This looks like a similar question….all answers feel correct

Auditor obtains an understanding of the Internal Control through all of the following except:

A. Previous experience with the company.

B. Responses to inquiries directed to client personnel.

C. A substantive testing audit plan.

D. A walk-through of one or more transactions.

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

This looks like a similar question….all answers feel correct

Auditor obtains an understanding of the Internal Control through all of the following except:

A. Previous experience with the company.

B. Responses to inquiries directed to client personnel.

C. A substantive testing audit plan.

D. A walk-through of one or more transactions.

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Anonymous]

@ Qlad – I think C is incorrect. Substantive testing is used when controls are non existent or because testing the controls would be inefficient so it wouldn't be used to gain an understanding of controls. (guessing here)

[Anonymous]

@ Qlad – I think C is incorrect. Substantive testing is used when controls are non existent or because testing the controls would be inefficient so it wouldn't be used to gain an understanding of controls. (guessing here)

[Author]

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