[jeff]

Post by Another71.

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

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

[mtwst113]

Yeah they just threw in the January 31st information to try to confuse you.

BEC | √
AUD| √
FAR| Spring 2015

[Anonymous]

I have a question What is the difference between a management information system and a decision support system?

[mtwst113]

Not 100% sure but I think management information simply assists management in tracking data while decision support systems actually help to identify the consequences of a decision

BEC | √
AUD| √
FAR| Spring 2015

[Anonymous]

MIS is very high level and is strategic. For example, a DSS and the AIS are subsets of the MIS. Becker refers to it as the “Mission Statement.”

A DSS is tactical and lower level. It's used to assist in decision making.

With that being said, I took it easy today. I finished all my B4 MCQ in about an hour. I'm done for tonight. I need an easy night. I'll get started on B5 tomorrow.

[Anonymous]

Started Economics.

Interesting fact with currency exchanges rates:

When the U.S. Dollar appreciates in relation to foreign currencies, this is considered an, overall, negative. This is because U.S. goods become more expensive for foreign consumers and export demand will fall. This causes a left shift of the demand curve.

And the inverse

When the U.S. Dollar depreciates in relation to foreign currencies, this is considered an, overall, positive. U.S. goods become less expensive for foreign consumers so the export demand will rise. This causes a right shift of the demand curve.

I didn't really think about it like this. It seems like the dollar appreciating would be considered a “good” thing but I thought wrong!

[JS867_5309]

@Angelwatch – Yes, I noticed this in one of the NINJA questions; It's kind of confusing, but I just think that you have to take the analysis a step farther than normal and look at it from a macro-economic perspective instead of a micro-economic one.

IDK about you other 1/3 test takers, but I'm feeling a lot more confident after my study sessions this weekend. I've started to average an 75-80% on my quizzes with a trending score of 81%. I guess something finally “clicked” and I seem to be doing okay. I'm only 35% of the way through the NINJA test bank, but with 10 days left and several of them free study days (no big holiday celebrations here) I'm not too worried. I'll feel even better when I get up to the 85% avg score/trending.

My weakness is Absorption vs Variable costing. I know that variable costing applies all expenses as period costs, where absorption costing only uses those expenses applicable to the production, but I keep getting thrown on the calculations. It has something to do with the Selling & Administrative expenses – it's like under 1 method they're expensed, and the other they're not. OR, under 1 method the variable costs are expensed, but the other none of it is. I can't quite figure it out – can anyone help?

Exam:I'm done 🙂 🙂 🙂
REG - 71 (2/22/14); 67 (4/3/14); 74 (8/29/15); 83 (2/29/16)!!!
BEC - 72 (5/24/14); 85 (1/3/15)!!!!
AUD - 72 (8/23/14); 76 (10/15/14)!!!
FAR - 77 (5/26/15)!!!

Started in 2013 using Kaplan and failed REG, REG, BEC, AUD. Switched to NINJA suite in Sept 2014 and passed AUD...then BEC...then FAR!
REG took 2 tries but I finally got it in too!
I'm a hard convert - Using NINJA method with NINJA video/book/notes/MCQ

Education: Check
Experience: 3 months left! I hit 4 years on May 30 🙂

[Anonymous]

While at “work” today, I plowed through B5's section on Economic Measures and Indicators.

So far so good. I scored an 86% on my first pass through the homework. Luckily the Economics stuff is mostly common sense and it doesn't go too deep into the weeds. So far at least 🙂

I'll see about starting the last portion later tonight. It's an hour and a half of lecture so I'll want to break that up a bit.

[Anonymous]

Merry Christmas all!

Am I the only one studying today? My wife is an RN (Registered Nurse) and is working today so I might as well study. That's also part of the reason I want my CPA. My wife has letters after her name and I don't 😉

[Tarheelgirl]

Nah @angelwatch, I am going to get in some studying today too…about 4 hours. Normal Christmas plans changed this year and opened up Christmas Day with nothing to do. Did Christmas with my husband this morning and normally we go to a movie but the one we want to see is not playing until tonight. So study I go until it is movie time.

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!

[Anonymous]

hey everyone

I have my exam on the 5th and im in the process of doing my review. i was wondering if you guys can give me some of the MUST KNOW formulas for the exam. Im finding it extremlely difficult to memorize all the forumulas becker gives you ( especially the dupont model and the other forumulas at the end of b3 in becker).

Any help would be appreciated!

[Anonymous]

hey everyone

I have my exam on the 5th and im in the process of doing my review. i was wondering if you guys can give me some of the MUST KNOW formulas for the exam. Im finding it extremlely difficult to memorize all the forumulas becker gives you ( especially the dupont model and the other forumulas at the end of b3 in becker).

Any help would be appreciated!

[Anonymous]

I'm sure some people who have taken the exam before will be able to chime in with more specifics but the consensus seems to be:

Variance Analysis

WACC

CAPM

That's your starting point. Hopefully some people can chime in and elaborate and expand.

[Tarheelgirl]

@dsch9319 – I don't have Becker to know what chapters are which, but based on my last experience. KNOW all financial management formulas (NPV, ROI, RI, all ratios, etc). KNOW the supply/demand formula for economics. KNOW variances. I had calculations thrown at me that were just word problems I think, nothing to deal with the formulas. My suggestion know as many formulas as you can. I made flashcards for the ones I thought I would see and reviewed them every day.

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!

[Tarheelgirl]

Yes, WACC and CAPM are biggies!

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!

[Anonymous]

thanks guy!

[Author]

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