[jeff]

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

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

[mooseonloose]

I just took my BEC exam. I was shaking from anxiety when I began my first testlet, I could not even remember a simple formula. First testlet was difficult in my opinion, I flagged about 6 questions. I was a little more calm for the second testlet, I flagged about 3 questions. Third testlet was hell with random IT questions, I flagged about 9 questions. The sims were manageble, but I think I spent more time on one question that seemed a little off (pre test?). I hope I passed =/

on to auditing now! My exam is in a month from today. Good luck everyone.

[Teal]

@A1lessio…great idea, I am trying to study while all of my neighbors are hanging out and running around the complex together…I am trying to ignore it!

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

[Tncincy]

@mooseonloose, Oh wow, you were really nervous….I think that's why I am struggling to stay consistent with study. I just don't want to fail again. I have settled it fail or not I am going to take the test, but the idea of failing or being so nervous that I won't remember is there…yikes!!! I hope all end in a pass for you moose. Keep studying everybody.

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

[mooseonloose]

Thank you @tncincy I pray we all pass! I get super nervous to the point where I can't remember crap. I just got home and realized I got 2 easy questions wrong. This is so frustrating. I am afraid of failing.

[Anonymous]

mooseonloose-congrats on taking the test! it's over now! I didn't know what to think of the test, and the anxiety was eating at me-so I just jumped right into audit which I hope to take in the beginning of April! Good luck!

[mooseonloose]

@anyatver Thanks! I guess Feb 28 will either make us or break us. lol I will be taking my Audit on march 5, ill see you in audit study group.

[tatorhead328]

I'm new here, so apologies if this has been covered….

Any good recommendations for economics videos? I'm really not getting this stuff, and Rogers videos aren't helping me out. I need someone to ELI5.

[distracted]

@Carly, How was the audit exam and how long did you take to prepare for it? I have Audit scheduled on 3/10 and I'll start studying after BEC on 2/8. Is that enough time?

[afrieband16]

@tatorhead328

Try searching “ACDC Economics” on youtube his videos really helped me understand economics, they are tailored toward students taking AP Micro/Macro but the subjects still apply and explanation/examples are great and they are not boring at all and certainly keep your attention

[CPAIN2K17]

@Motiani I thought AUD was easier than BEC material wise, but I took multiple auditing classes in college and interned at a big 4 firm, so I had a bit of a background in it. I won’t know my score til Feb 23 so I may not have done as well as I thought though. I work full time so I don’t think 4 weeks would be enough for me personally, but I think it just depends on if you work full time and how much time you have to study. I have a friend who took it in 3 weeks but was studying full time. I took about 8 weeks.

[Theodore]

Scheduled the exam for March 6 at 8 am. Please let this be the last time I sit for a CPA exam!

FAR: 66, 76!
REG: 76!
AUD: 72, 9/7/2016
BEC: TBA

Don't Stop When You Are Tired, Stop When You Are Done.

[dontmakemeaudityourass]

Hey I need help with an explanation on this MCQ, i just dont understand the question/answer. Can Someone dumb this down a bit for me?
Immunizing a portfolio from interest rate risk by matching the duration of assets to the duration of liabilities might be ineffective and/or inappropriate because:

A.
conventional duration strategies assume an upward-sloping yield curve.

B.
immunization models are highly sensitive to adjustments for inflation.

C.
duration matching is effective in immunizing portfolios from parallel shifts in the yield curve.

Incorrect D.
All of the answer choices are correct.

You answered D. The correct answer is C.

Duration matching is effective in immunizing portfolios from parallel shifts in the yield curve.

Conventional duration strategies assume a flat yield curve.

Immunization only protects the nominal value of the terminal liabilities and does not adjust for inflation.

[ignaciopc]

Hey, did you passed the three exams in the first try? that is amazing!

[marimia22]

This is my second attempt to pass Bec, and i try to study more about IT part. My problem is a cannot to find any information about XML File Format and its audits procedures.
Somebody can tell which material has the subject included ?

Thanks

FAR 81
BEC 66
Rec 77

FAR 05/24/16 73 07/27/2016
reg 07.07.2016

[MJofCPAs]

First time attempted was in NOV '16 and got a 70, only beckers MCQ.
The second attempt in Jan '17 and just got 78! only ninja MCQ. Trending 73% 15 Hours.
Most underestimated exam. Not at all easy. The challenge is the random topics from chapter to chapter and there is no flow. The q1 test had a lot of ratios!

Love the process, not the outcome!

AUD – NINJA in busy season
BEC – 70,78
FAR – NINJA in busy season
REG – 84 (ex. 3/18)

[Author]

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