[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

[nsc2014]

@UCMCPA @Qlad

Thank you so much for your advices! I just came back from library…

Although I do not think I prepared well, for now, the good thing is that I still have one more day.

I am going to go over IT COSO and CH6 and all calculation formula tomorrow. : ))

AUD 76
FAR 85
BEC 80
REG 82

[Qlad]

Today is the day I start my final….final review…still have to start the WC….don't know how to go about it….one way is to take a print out of all the BECKER sims and read them 2-3 times….is there any more suggestions to handle the WC…pls let me know…

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

[Qlad]

Today is the day I start my final….final review…still have to start the WC….don't know how to go about it….one way is to take a print out of all the BECKER sims and read them 2-3 times….is there any more suggestions to handle the WC…pls let me know…

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

[smsingla]

@Qlad, for WC's another thing that you can do beside reading them is actually type couple of them in your own words. That will help you practice a little more. As English is not my first language, I hate WCs and being BEC my 3rd time (74,65) I have learnt this the hard way

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

[smsingla]

@Qlad, for WC's another thing that you can do beside reading them is actually type couple of them in your own words. That will help you practice a little more. As English is not my first language, I hate WCs and being BEC my 3rd time (74,65) I have learnt this the hard way

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

[KNMCPA]

Taking BEC January 3. I am having the most trouble with Net Present Value and IRR. I just can't understand which rates to use etc. I am averaging 60% on the multiple choice in Becker. I really dont' want to move forward to the other chapters until I have this finance stuff down. Any advice? I am so frustrated.

BEC- 75
AUD - 83
REG - 76 (Expired 2/28/14)
FAR - 53 66

Becker Self Study

[KNMCPA]

Taking BEC January 3. I am having the most trouble with Net Present Value and IRR. I just can't understand which rates to use etc. I am averaging 60% on the multiple choice in Becker. I really dont' want to move forward to the other chapters until I have this finance stuff down. Any advice? I am so frustrated.

BEC- 75
AUD - 83
REG - 76 (Expired 2/28/14)
FAR - 53 66

Becker Self Study

[UCMCPA]

What do you mean, which rates to use?

They go hand-in-hand. Whenever NPV is 0, whatever rate that is = IRR.

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

[UCMCPA]

What do you mean, which rates to use?

They go hand-in-hand. Whenever NPV is 0, whatever rate that is = IRR.

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

[KNMCPA]

I guess I am just confused with the entire concept. But when calculating NPV, the Becker questions usually gives you 2 different sets of rates, Present value of an annuity of 1 at x% and Present value of 1 due in x years. I get confused on which rates to use to calculate the NPV.

BEC- 75
AUD - 83
REG - 76 (Expired 2/28/14)
FAR - 53 66

Becker Self Study

[KNMCPA]

I guess I am just confused with the entire concept. But when calculating NPV, the Becker questions usually gives you 2 different sets of rates, Present value of an annuity of 1 at x% and Present value of 1 due in x years. I get confused on which rates to use to calculate the NPV.

BEC- 75
AUD - 83
REG - 76 (Expired 2/28/14)
FAR - 53 66

Becker Self Study

[KNMCPA]

Can you help me understand this problem: Pole Co is investing in a machine with a 3 year life. This machine is expected to reduce annual cash operating costs by $30,000 in each of the first 2 years and by $20,000 in year 3. Present values of an annuity of $1 at 14% are: Period 1 0.88 Period 2 1.65 and Period 3 2.32. Using a 14% cost of capital, what is the present value of these future savings?

a. 69,500

b.59,600

c.62,900

d.60,800

BEC- 75
AUD - 83
REG - 76 (Expired 2/28/14)
FAR - 53 66

Becker Self Study

[KNMCPA]

Can you help me understand this problem: Pole Co is investing in a machine with a 3 year life. This machine is expected to reduce annual cash operating costs by $30,000 in each of the first 2 years and by $20,000 in year 3. Present values of an annuity of $1 at 14% are: Period 1 0.88 Period 2 1.65 and Period 3 2.32. Using a 14% cost of capital, what is the present value of these future savings?

a. 69,500

b.59,600

c.62,900

d.60,800

BEC- 75
AUD - 83
REG - 76 (Expired 2/28/14)
FAR - 53 66

Becker Self Study

[smsingla]

KNMCPA, To find Present Value, first you find all the future cash flows i.e. principal plus all the interest amounts( interest rate is used only for this purpose i.e. to find interest amount) and then u always use cost of capital rate to find Present value for those cash flows.

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

[smsingla]

KNMCPA, To find Present Value, first you find all the future cash flows i.e. principal plus all the interest amounts( interest rate is used only for this purpose i.e. to find interest amount) and then u always use cost of capital rate to find Present value for those cash flows.

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

[Author]

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