[jeff]

Welcome to the Q1 2017 CPA Exam Study Group for BEC. 🙂

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

[Dman1]

@jsn3004

I think they are getting into opportunity cost. If you don't take it, you are losing the discount. If you do take it, you are giving up benefit by having to borrow to pay early and pay interest on that loan. This isn't given in the problem, however.

For example, they may tell you, it's costing you 30% per year to borrow money to take the cash discount or something. Do you see my point?

[mooseonloose]

I Will repost it here:

Category 1:

Communication: BEC 1 (COSO)

Communication: BEC 2 (Audit Committees)

Communication: BEC 3 (Control Self-Assessment)

Communication: BEC 21 (Sarbanes-Oxley)

Communication: BEC 26 (Segregation of Duties)

Communication: BEC 30(Record Maintenance)

Communication: BEC 31 (SOX-COSO)

Category 2:

Communication: BEC 4 (Inflation) –

Communication: BEC 5 (Economic Indicators) –

Communication: BEC 6 (Demand, Supply, Profit, Price) –

Communication: BEC 7 (APR, EAR, Interest Rates)

Communication: BEC 32 (Market Structure)

Communication: BEC 36 (Business Cycle)

Category 3:

Communication: BEC 8 (Capital Investments)

Communication: BEC 9 (Cost of Capital)

Communication: BEC 10 (Leases)

Communication: BEC 11 (Fair Value Measurement)

Communication: BEC 22 (Percentage of A/R vs. Percentage of Sales)

Communication: BEC 27 (Forward Contract)

Category 4:

Communication: BEC 12 (Software Processing Methods)

Communication: BEC 13 (IT Business Control Objectives)

Communication: BEC 14 (E-Commerce)

Communication: BEC 25 (Data Storage)

Communication: BEC 29 (Telecommuting)

Communication: BEC 39 (Disaster Recovery)

Communication: BEC 40 ( Cloud Based System)

Category 5:

Communication: BEC 15 (Gross Profit Variance)

Communication: BEC 16 (Strategic Planning/SWOT)

Communication: BEC 17 (Sales Forecast)

Communication: BEC 33 (Value Chain Analysis)

Communication: BEC 35 (SWOT)

Communication: BEC 38 ( Activity Based Costing)

Category 6:

Communication: BEC 19 (Business Process Re-engineering)

Communication: BEC 28 (FIFO vs LIFO)

Communication: BEC 34 (Manufacturing Costs)

Communication: BEC 37 (Responsibility Accounting)

[Teal]

Here we go! Starting my studying today for BEC on 3/3/2017. How's it going?

FAR (66,68) Aug 26
REG (66) July 25
AUD (66) December 1st
BEC - October 3rd

[Tony73085]

I have one day left to study and while going through the lectures it seems ok but there's just so much to know. I just want to take the test and pray that I pass. So over this already.

[mooseonloose]

I found this on the forum.

“Dear [insert name],
(note that a salutation is only necessary if the WC is formatted as a letter instead of a memo)

Thank you for allowing me to assist with your inquiry regarding [restate the question].

When analyzing [Subject matter to be discussed], we must consider

Each topic should be its own paragraph. Begin each paragraph by giving a definition of each topic.

In conclusion, I recommend [summarize your findings above, preferably using more buzz words].

I appreciate the opportunity to assist you. Should you have any more questions as you review [subject matter] in greater detail, please do not hesitate to contact me.

Best regards,
[your name]

Tony, good luck!

[Teal]

What's the best way to study for the written SIMS? Does anyone have advice?

FAR (66,68) Aug 26
REG (66) July 25
AUD (66) December 1st
BEC - October 3rd

[mooseonloose]

@teal I have been practicing ninja sims using the format above, I think it helps a lot.

[Tncincy]

So I go the list of formulas, so which ones are more important. Did someone memorize them all?

It begins with a 75
Been here too long as a cheerleader....ready to pass

[mooseonloose]

I think it would be counterproductive to memorize all the formulas. I would memorize the basic ones like NPV, IRR, Payback, current ration, quick ratio..

[Teal]

awesome!! thanks @mooseonloose

FAR (66,68) Aug 26
REG (66) July 25
AUD (66) December 1st
BEC - October 3rd

[Leanne]

Hi guys,
Can anyone help me explain this? The answer doesn't make sense to me..

Edwards Manufacturing Corporation uses the standard Economic Order Quantity (EOQ) model. If the EOQ for Product A is 200 units and Edwards maintains a 50-unit safety stock for the item, what is the average inventory of Product A?

A. 150 units
B. 250 units
C. 125 units
D. 100 units

A is correct.

Thanks a lot!

[Tony73085]

Just took BEC this morning. It was ok. I finished the exam but some parts were more difficult then others. We'll see on results day.

[mooseonloose]

Reorder Quantity 200
Divide By 2 to Calculate Avg Inventory ÷ 2
Average Inventory Excluding Safety Stock 100
Add Safety Stock 50
Average Inventory Including Safety Stock
150

[Good Lordy Me]

Does anyone find the Roger MCQ's hard for BEC? In fact answering them in the so called “90 second window” is beyond me at my stage. Was wonder for those who have taken prior did they find the actual questions harder/easier than Roger or Ninja MCQ?

I have been looking over some Becker MCQ that I got my hands on, these just don't seem as crazy tough as Roger but then again I'm only 4 weeks in study wise so a bit frustrated for sure at this point but trying to keep from freaking out.

[mooseonloose]

My friends uses Roger and Becker. she claims roger is much easier than becker and becker is much easier than Ninja.

[Author]

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