[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

[Anonymous]

@cpa8488–it'll get better. Just keep working them over and over and over

[mrgriff21]

Anyone doing any serious work by reviewing the BEC sims? Just curious how much time I should spend on them, if any.

A - 84
R - 81
B - 77
F - 81

[OnMyWay732]

@mrgriff…you understand the basics. Format, check spelling and grammar, be professional, use buzzwords, etc

AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81

DONE!!!!

Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"

[Anonymous]

how is everyone's trending score looking? I'm at a 66% with 240 questions attempted. I need to get it together!

[Mjganier]

Mine is slightly better but I haven't yet gone over past missed questions yet. Still working on completing the entire test bank. 917 question attempts; trending score 55%; average score 58%…should be finishing by Friday and then going to go over the prior missed questions as well as get a feel for the WC.

FAR 8/18/2014--87
AUD 10/18/2014--78
REG 11/24/2014--76
BEC 2/28/2015--76

"If you can't explain it simply, you don't understand it well enough"-Albert Einstein

Study Mats: Cpaexcel study text and EQ, Ninja MCQ, Ninja notes

[Anonymous]

I just did a set of 40 in financial management… it was horrible! their not questions there stories lol

[Anonymous]

I'm about to review as many “missed” IT questions tonight as I possibly can…..I'm so sleepy though.

[sk12167]

While it sounds like the updated Becker 2015 lectures may explain the topics better, the actual content covered in the updated lectures/text has not really changed, correct? I had started studying the 2014 content prior to year-end and finally just started reviewing some of the material again this past week. I am just seeking some reassurance that there's not additional information that I will be responsible for knowing come exam time on Monday!

Thanks

AUD 05/2014 - 81
FAR 07/2014 - 87
REG 08/2014 - 88

[Anonymous]

@sk12167 you are correct. The content hasn't changed just the presentation of the content. Which is 100x better.

[highlightnumb]

Hello…Does anyone know if any of the 3 wc testlets in BEC are pretest? Just making sure. Thanks in advance

FAR. Feb 2014 76
REG. Jan 2015 79 half way there!!
BEC. Feb 2015 79 thank you God!!
AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
Ok where was I? Oh thats right now I'm Done!!!!!!!!!
Ethics 92!!

"You down wit SEC?, yeah you know me!!!"

Cali Candidate

All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

[CPA2B_NJ]

758 questions attempted

668 questions not seen

52% average score

60% average trending score

I'm doing horrible. My exam is next week already and I can't even take time off of work to study and improve to a 70% rate. Year-end is still going strong. Lord help me because if I rely on my own understanding, I don't see me passing BEC.

FAR - 50, 78
BEC - 67, 72, 75
AUD - 72, 80
REG - 70, 85

To God be the glory! Forever, amen!

NJ License

[Anonymous]

CPA NJ, just keep pounding the questions as much as possible whenever possible. I can't take any time off either and we're still closing as well, so I feel your pain. If I can sneak in 5 or 10 questions sporadically throughout the day, I count it a blessing considering my hectic work schedule.

[Anonymous]

Highlight, one of the WC is pretest and, of course, you won't know which one it is.

[ktyx]

Hii can someone help me understand why we add depreciation expense in this problem?? I thought we do not add it back when we use the payback method?

A company invested in a new machine that will generate revenues of $35,000 annually for 7 years. The company will have annual operating expenses of $7,000 on the new machine. Depreciation expense, included in the operating expenses, is $4,000 per year. The expected payback period for the new machine is 5.2 years. What amount did the company pay for the new machine?

Answer is 5.2 years = Initial investment / (35,000-7000+4000) …Initial inv = $166,400.

Thank you in advance !!!

"A journey of a thousand miles begin with a single step" - LT
" Your dream doesn't have a expiration date, take a deep breath and try again"

B ☺✔
A ☺✔
F ☺✔
R ☺✔
Doneeee Dec 2015

[Anonymous]

ktyx, we are trying to figure the amount paid for the machine. Since depreciation is a non-cash expense, we need to add it back. The payback method assesses how quickly you will recover your investment, so we are only concerned with the cost and cash flow; essentially, we need to ignore depreciation. Hope that helps.

Edit: think about the statement of cash flows….we have to add back deprec when computing the cash used for operating purposes….same principle applies here…..deprec is a non-cash expense, so in order to find the actual cash flow, we need to add it back.

[Author]

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