[jeff]

Post by Another71.

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

[Future Ninja]

did you know that:

separable cost after the split off point is the cost relevant to deciding when a joint product should be sold. because if incremental revenues exceed the separable costs, products should be processed further and not sold at the split off point.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Future Ninja]

did you know that:

Inventoriable cost are regarded as assets before the products are sold.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Future Ninja]

true or false? anyone?

cost accounting is a combination of Managerial accounting and financial accounting? managerial acctg in the sense that its purpose can be to provide internal reports for use in planning and control and in making nonroutine decisions. financial accounting because its product costing function satisfies external reporting reqts for reporting to stockholders, govt and various parties.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Anonymous]

@Angel — all of my review material has the PV amounts given. I'm going to roll with that.

The cost stuff isn't difficult it's just asked in a ton of various ways. I think the combination of coming off of AUD (no calcs) and this being my last exam I'm just hating working calcs.

IT to me is like marketing was in college. Memorize a bunch of definitions and be done with it. Econ is intuitive. COSO is memorization but if you've had some experience with it some of it is already buried in your noggin. Finance area is probably my weakest. Ugh just let this be over soon.

[Future Ninja]

@Bobcat87 post some cost accounting questions here. It's my kryptonite.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Future Ninja]

5am, rise and grind.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Anonymous]

Weighted Average Cost of Capital: Good times. The concepts don't seem too bad but the formulas are pretty ugly.

Here's one: Cost of Retained Earnings (CAPM)

= Risk-Free Rate + Risk Premium

= Risk-Free Rate + (Beta X market Risk Premium)

=Risk=Free Rate + (Beta X (Market Return – Risk Free Rate))

[Anonymous]

Try this one:

Using the Capital Asset Pricing Model (CAPM), the required rate of return for a firm with a beta of 1.25 when the market return is 14 percent and the risk-free rate is 6 percent is:

A. 14.0 percent

B. 17.5 percent

C. 7.5 percent

D. 16.0 percent

Show your work 🙂

[Anonymous]

I like how you write that formula out. And ya that concept makes sense but it would still be tough to remember.

To answer your question:

6+(1.25*(14-6))= 16, D

I havent studied this stuff yet but maybe its right? lol

[Anonymous]

Yep. It's D and that's the correct formula.

Like I said, the concepts are pretty easy for WACC but there are a TON of formulas to remember.

[magatha12]

OMG, all of these formulas..

FAR: 79
AUD: 81
REG:5/29/15
BEC:85

Using CPA Excel, NINJA notes and audio, NINJA MCQs

[Anonymous]

Another study question for anyone interested…

Which of the following is most useful when risk is being prioritized?

A. Low- and high-probability exposures

B. Low- and high-degree loss exposures

C. Expected value

D. Uncontrollable risks

[Anonymous]

This WACC stuff really isn't that bad. As with all of this studying, repetition helps a ton and once you have the formulas memorized, it's just a matter of plugging the numbers in.

[Anonymous]

@cprv — (C)?

[Tarheelgirl]

@ angelwatch – Thanks for the tips. I have Ninja audio and listen to it everyday, but I didn't use the notes for AUD. I will this time though. I don't know what it is but something just is not clicking but I WILL figure it out in a few weeks! I would have purchased Becker but its just too darn expensive.

And I would know the WACC formula, I may or may not have seen a question or two on my previous exam 😉

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Author]

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