[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

[smsingla]

So u guys r saying that in second question, current assets of $1.2billion should not be added in current assets even though they have specifically mentioned that it is current. but we should consider current liabilities of $900 million as current liabilites but not accounts payable of $400 million?

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[princeCPA]

@smsingla Current liabilities include A/P so the $900 has already included the $400 A/P (no need to add to CL). The denominator is always CL but when it comes to the numerator you subtract Inventories from CA or based on the facts given in the question you can add A/R and Cash and use the sum as your numerator (in this case we are assuming the remaining balance is Inventory).

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

@smsingla Current liabilities include A/P so the $900 has already included the $400 A/P (no need to add to CL). The denominator is always CL but when it comes to the numerator you subtract Inventories from CA or based on the facts given in the question you can add A/R and Cash and use the sum as your numerator (in this case we are assuming the remaining balance is Inventory).

BEC 79
FAR 86
AUD 79
REG 90

[smsingla]

@princeCPA thanks a bunch. I was going really crazy over this. Also, I m waiting for my REG score which was supposed to be out @ 6 this morning and its been seven hours of clicking refresh every two minutes (they keep on saying that there is some transmission error, so it might take couple of more hours) so I guess its time for me to get away from my laptop

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[smsingla]

@princeCPA thanks a bunch. I was going really crazy over this. Also, I m waiting for my REG score which was supposed to be out @ 6 this morning and its been seven hours of clicking refresh every two minutes (they keep on saying that there is some transmission error, so it might take couple of more hours) so I guess its time for me to get away from my laptop

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[princeCPA]

@smsingla —hope you will get the good news about REG result!!!!!

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

@smsingla —hope you will get the good news about REG result!!!!!

BEC 79
FAR 86
AUD 79
REG 90

[zxiao]

@lvr21

Thank you for responding!

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

@lvr21

Thank you for responding!

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[princeCPA]

Hi Guys..got one interesting issue about performance measures:

When you face a questions which says Beginning Finished goods is lets say 30% prior year's sales,

Do you take 30% of the actual sales value or you take 30% of Cost of Goods Sold?. I believe I saw a question on wiley text book which they took CGS and on their test bank they took Sales and they confused me. Let me know what you think.

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

Hi Guys..got one interesting issue about performance measures:

When you face a questions which says Beginning Finished goods is lets say 30% prior year's sales,

Do you take 30% of the actual sales value or you take 30% of Cost of Goods Sold?. I believe I saw a question on wiley text book which they took CGS and on their test bank they took Sales and they confused me. Let me know what you think.

BEC 79
FAR 86
AUD 79
REG 90

[zxiao]

@princeCPA

If the question says beginning finished goods is 30% prior year's sales then using actual sales value. If it says the FG is 30% prior year's sales' cost, then using CGS.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

@princeCPA

If the question says beginning finished goods is 30% prior year's sales then using actual sales value. If it says the FG is 30% prior year's sales' cost, then using CGS.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[joch0803]

Signing into this group for a third time. I am full committing my mind, body, and soul to this test. Sat down and made a plan tonight:

Week 1-2: Wiley Exam Review Book (For each Module going to read while taking notes, answer all questions, keep a notebook of formulas which I will review every day, and make flash cards of key terms)

Week 3-4: Gleim CPA Review Book (Read each Unit, take notes of things that stick out to me, answer all questions in book, keep reviewing formulas)

Week 5-6: Do all problems in WTB, read and rewrite NINJA notes for weak areas, and continue reviewing formulas

I have the four days before my test off work so will be focusing on weak areas and doing nonstop multiple choice.

I am hoping I am way over studying, but I am done fooling around with this exam, I have been stuck on this section since April and am so over it!!!! Passed the first three sections first try, for some reason this one is being a beast!!

Anyways let me know if you think my plan needs changing.

Audit 10/2012- 77
Reg- 1/7/13- 82
Financial-2/25/13- 78
BEC- 74,66,81!

License pending : )

Ethics- Passed
Experience- Done

Using Becker self study.
**For BEC retake using Ninja Blitz, Ninja Notes, Ninja Audio, and WTB (my Becker expired)

[joch0803]

Signing into this group for a third time. I am full committing my mind, body, and soul to this test. Sat down and made a plan tonight:

Week 1-2: Wiley Exam Review Book (For each Module going to read while taking notes, answer all questions, keep a notebook of formulas which I will review every day, and make flash cards of key terms)

Week 3-4: Gleim CPA Review Book (Read each Unit, take notes of things that stick out to me, answer all questions in book, keep reviewing formulas)

Week 5-6: Do all problems in WTB, read and rewrite NINJA notes for weak areas, and continue reviewing formulas

I have the four days before my test off work so will be focusing on weak areas and doing nonstop multiple choice.

I am hoping I am way over studying, but I am done fooling around with this exam, I have been stuck on this section since April and am so over it!!!! Passed the first three sections first try, for some reason this one is being a beast!!

Anyways let me know if you think my plan needs changing.

Audit 10/2012- 77
Reg- 1/7/13- 82
Financial-2/25/13- 78
BEC- 74,66,81!

License pending : )

Ethics- Passed
Experience- Done

Using Becker self study.
**For BEC retake using Ninja Blitz, Ninja Notes, Ninja Audio, and WTB (my Becker expired)

[Author]

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