BEC Study Group Q1 2016 - Page 55

Viewing 15 replies - 811 through 825 (of 1,158 total)
  • Author
    Replies
  • #749705
    MaLoTu
    Participant

    WTF … So the question assumes that the investment is a done deal, not a decision making question … Even with the explanation the logic doesn't make sense. Definitely a situation that needs some context.

    #749706
    FAR_WARS
    Participant

    “certainty equivalent”

    <1, risk-adverse
    =1, indifferent
    >1, risk-seeking

    FAR- 80
    BEC- 75
    AUD- 78
    REG- ?

    #749707
    MaLoTu
    Participant

    So does that mean that: certainty equivalent > expected value = risk seeking?

    It is weird that they quantify it … BEC is full of too many of these weird concepts.

    Thanks for the question … probably would have had it on my test 😉

    #749708
    FAR_WARS
    Participant

    Universal Industries limits its operations to exports to foreign countries. What can be said about Universal's exposures to exchange rate risk?

    a. Universal is subject to economic and translation exposures to exchange rate risk.
    b. Universal is subject to potential transaction, economic and translation exposures to exchange rate risk.
    c. Universal is subject to potential transaction and economic exposures to exchange rate risk.
    d. Universal is subject to transaction and translation exposures to exchange rate risk.

    FAR- 80
    BEC- 75
    AUD- 78
    REG- ?

    #749709
    Anonymous
    Inactive

    Is the answer C?

    #749710
    FAR_WARS
    Participant

    Choice “c” is correct.

    Universal is subject to transaction risks associated with settlement of export transactions and is subject to economic risks associated with the satisfaction of domestic expenses denominated in domestic currencies with imported revenues denominated in a foreign currency.

    No translation exposure exists since there is no foreign investment or subsidiary.

    FAR- 80
    BEC- 75
    AUD- 78
    REG- ?

    #749711
    odela2428
    Member

    Can i still use wiley 2013 edition for far

    #749712
    MaLoTu
    Participant

    There have been a lot of changes to FAR since 2013 … If you can supplement the material then I would say yes. I know people who have passed FAR with older materials. Otherwise invest in NINJA products since they are affordable or Roger CRAM is also relatively cheap.

    #749713
    Anonymous
    Inactive

    @moniker just found out yesterday i got an 89 on REG! so thats good news. the bad news is that i left FAR as my last exam. that will be after tax season- which is ramping up and getting quite hectic.

    well as to make my post atleast somehow useful to all you other thread members, see below.

    my advice for BEC is to spend 45 min “studying for” WC tops! OTOH, i would really really really focus on COSO and the COBIT framework. i also wouldn't spend 5 hours studying all the ins and outs and obscure terminology of IT. the risk/reward just isn't there between time spent studying and the odds of the lone question (probably pretest) that you will likely not even get on the topic lol.

    people, with as many diverse subjects of BEC (cost variance and foreign currency swaps and Audit Committee communication…really?) the goal here is to not shoot for a 99. why shoot for a 99 and burnout and take up valuable memory space when you can guarantee yourself an 85 with the fundamentals? (some of the detailed obscure questions that people post on A71 really fascinate me…when i encounter one like that in my review i hit instaskip. there is an equal chance of me narrowing it down to 2 on test day and guessing it or wasting time digging through my brain and probably still getting it wrong cuz i forgot some weird detail) equal chance of me correctly answering that whether i study or not. why study an obscure ass topic for hours on end if it will only guarantee you 2 “hard” points tops. utilize the time wisely, invest in understanding the economics and the various problems they can throw at you, the COSO, the variance, the “giant” underlying themes that unify the diverse BEC topics. be gentle to your brain! it hates useless obscure info.

    #749714
    MaLoTu
    Participant

    Where does Becker go over foreign currency transactions and exchange rate, etc … I have been through B1-5…

    #749715
    Anonymous
    Inactive

    it's in the mishmash that is the last chapter/module in Becker.

    #749716
    Anonymous
    Inactive

    @eesti: AMEN! That is how I approach studying. One MCQ bank, and if a problem seems really random or I just cannot figure it out, I move on.

    #749717
    MaLoTu
    Participant

    Thanks, eesti … for the last 2 responses you made 😉

    #749718
    monikernc
    Participant

    Eesti, is instaskip like the any key? Thanks for your post. I am so sick of bec. Living for saturday, 4pm. I am all about this being done. As for far, good luck. Mine was luck and good school prep in financial. You will do fine!

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #749719
    payaza2000
    Participant

    What's your guys final study plans looking like: I'm gonna go with COSO, COBIT, Variance analysis, and foreign currency stuff.

    That is if I can ever get out of work tonight. Lol

    FAR 5/6/2015- 84
    REG 8/3/2015 - 87
    AUD 10/25/2015- 69 1/20/2016 -75
    BEC 2/26/2016- 80

    Thank you God

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