BEC Study Group Q1 2015 - Page 58

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  • February 25, 2015 at 12:52 am #655934
    highlightnumb
    Participant

    @future taking bec in 2 days and I cant wait. Im so pumped to get it out of the way so I can move on to my last exam which is Audit. I feel pretty good with those topics you fired off but I am definitely going to keep plugging away.

    As far as Reg goes you already understand that the tax portion goes without saying, but here is some rapid fire of unsung heroes:

    know all your filing due dates and I dont just mean the obvious ones, again make sure you know your dates

    know the IRS time statute of limitations

    know all your tax positions, disclosed/undisclosed etc.

    Everything your instructors told you will be heavenly tested, will be heavenly tested

    Good Luck!

    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

    February 25, 2015 at 12:58 am #655935
    highlightnumb
    Participant

    @fightingforsanity nice!! I hope you draw blood after that head butt.

    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

    February 25, 2015 at 1:03 am #655936
    highlightnumb
    Participant

    Did you guys know that NPV method assumes that Positive cash flows are reinvested at the hurdle rate which means that it accounts for COMPOUNDING of returns?

    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

    February 25, 2015 at 1:04 am #655937
    fightingforsanity
    Member

    Hahah we can all take turns. Hope that I see you guys in the “I passed BEC” thread next month. Just a few more days left. Keep pushin, guys!

    FAR - ✓
    AUD - ✓
    REG - ✓
    BEC - ✓

    Don't give up!

    February 25, 2015 at 1:10 am #655938
    Future Ninja
    Participant

    @highlightnumb – thanks. ^_^

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

    February 25, 2015 at 1:10 am #655939
    fightingforsanity
    Member

    And IRR assumes that it's reinvested at the IRR rate, which is unreasonable and makes it inferior to NPV. It's unreasonable because if the IRR is unrealistically high/low, then assumed returns on reinvested CFs based on those IRR rates could lead to inappropriate conclusions (just a tid bit via Becker).

    FAR - ✓
    AUD - ✓
    REG - ✓
    BEC - ✓

    Don't give up!

    February 25, 2015 at 1:10 am #655940
    highlightnumb
    Participant

    Make sure to use Marginal tax rate when calculating a firms annual depreciation expense on an asset.

    Marginal tax rate x Depreciation amount = Annual Depreciation expense

    This is part of the formula when calculating future cash flows on a capital investment

    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

    February 25, 2015 at 1:11 am #655941
    Future Ninja
    Participant

    @fightingforsanity best of luck.

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

    February 25, 2015 at 1:13 am #655942
    highlightnumb
    Participant

    @insanity very good point!

    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

    February 25, 2015 at 1:13 am #655943
    fightingforsanity
    Member

    @futureninja Good luck on Reg! I second what highlightnumb said. Make sure to go over blaw but focus your attention on the tax portion. Also, try to leave as much time as possible for the sims so that you can utilize the AL. Kick butt!

    FAR - ✓
    AUD - ✓
    REG - ✓
    BEC - ✓

    Don't give up!

    February 25, 2015 at 1:16 am #655944
    highlightnumb
    Participant

    yes @fightforsanity is definitely right. It is so critical to leave yourself enough time for the SIMS, at least an hour and a half at least!

    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

    February 25, 2015 at 1:34 am #655945
    highlightnumb
    Participant

    so my bank told me that in order for me to get approved for a loan that my quick ratio needs to be at least .1 and my portfolio current says that my ratio is .8. So i decided that the best way for me to increase my ratio is to sell off some old inventory that i have at loss. Of course the sell of the inventory nor the loss would affect my current ratio but getting the cash from the sale certainly would. Guess what, my ratio went up and now I can get a loan to buy some gold teeth. Isnt that crazy!!!

    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

    February 25, 2015 at 1:38 am #655946
    Anonymous
    Inactive

    Starting to get discouraged working these computational problems in the Ninja MCQ. I've actually been trying to hammer away at them for the past couple days but getting the vast majority wrong (a lot of the time not even knowing where to start) with so many to cover is starting to make me think I'd be better off relaxing a little and just making sure I have Gov, IT, and the basic formulas down pat. Unfortunately I can easily say this will be the exam I go into feeling least comfortable with its material.

    Edit: Also is there a general consensus as to the difficulty of the Ninja MCQs compared to the actual test, particularly the computational ones? If I didn't know better I'd say some of these problems are a slight bit on the unreasonably difficulty side given it's a timed test. Like, some of these questions I think I'd rather take a quick glance to see if I know it or if not just guess immediately rather then spend 2-3 minutes trying to work it out, likely ultimately to futility.

    February 25, 2015 at 3:27 am #655947
    Anonymous
    Inactive

    @futureninja did you have a mostly conceptual or computational exam? Any really long computations on their? U got this the second time around!

    February 25, 2015 at 3:29 am #655948
    Anonymous
    Inactive

    @aspiring I totally agree. Ninja was killing my confidence so I'm doing something different. Scroll up this page and see what I'm doing.

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