BEC Study Group Q1 2017 - Page 44

Viewing 15 replies - 646 through 660 (of 813 total)
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  • February 27, 2017 at 5:22 pm #1499974
    sara
    Participant

    Hey guys. I'm really worried right now. I am running a 50% avg doing Roger's IPQ and my test is Thursday. Should I reschedule? I do not feel ready at all

    February 27, 2017 at 7:46 pm #1500135
    fiddler39
    Participant

    Hi everyone,

    I'll be taking BEC for the first time this Thursday (3/2). Also, this is my very first time taking any of the exams. My question: which part comes first on the BEC exam — the MCQs or the written communication? Do I have a choice about which I complete first?

    Also, I understand there are 3 testlets for the MCQs. Am I right to think I can skip around on questions within each testlet, but not between testlets?

    Thanks,
    Misty

    February 27, 2017 at 7:53 pm #1500141
    sara
    Participant

    @Misty Harris, I'm also taking my exam 3/2. The MCQ comes before the Written Communication. Three testlets for MCQ: 24Q each; and yes you can skip around within each testlet, but not between the three testlets. Good Luck!

    February 27, 2017 at 9:22 pm #1500223
    A1lessio
    Participant

    @mtaylo24 – thanks for the example, i'm kind of getting it… not there yet. Will tackle again next weekend. I got DM and DL variances down and starting to understand that the standard is usually budgeted DL x actual amounts. I just need rewrite all those formulas one more time.

    AUD (08/02/2016)

    February 27, 2017 at 10:28 pm #1500276
    Theodore
    Participant

    @A1lessio I am struggling with VOH and FOH too. The only thing that is putting me at an advantage with these variances is that VOH formulas are similar to DL formulas.

    @cim1042 Operting leases is property being rented with no obligation to buy. They do not go on the balance sheet because rent payments go on the income statement not BS. Fiancial ratios tend to be stronger here because there is no debt obligation. Capital leases are similar to lessee buying the asset. The PV of the asset is recorded on the Balance sheet. The only expenses that go on the IS are depreciation and interest expense. However, with capital leases, lessess needs to meet at least one of the following
    Ownership transfer at the end of the lease
    Written option for bargain purchase
    Ninety percent of lease property FV is less of equal to PV
    Seventy percent of more of the assets economic life is committed in the lease term.
    Becker refers this as OWNS under capital leases. FAR explains this in detail if you're using Becker.

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

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

    February 27, 2017 at 10:33 pm #1500280
    Theodore
    Participant

    @ssara4214 I would test regardless because don't they charge you the full price of the exam again if you reschedule 5 days prior to the exam? I mean you already paid for it. I would give it a shot and if all comes to worse, then you'll have an idea of what they could test you on next time around.

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

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

    February 28, 2017 at 7:37 am #1500445
    sara
    Participant

    @Rosy0407 I didn't know they charge you full price if you reschedule 5 days prior. Thanks for letting me know. I'll try my best and hope for the best I guess. Good luck!

    February 28, 2017 at 10:57 am #1500546
    cottonkandi
    Participant

    @ssara4212 As Ms. Frizzle from The Magic School Bus would say: “Take chances, make mistakes! Good luck on your exam!

    February 28, 2017 at 12:07 pm #1500585
    Anonymous
    Inactive

    @WHOLELIFEWORKS

    Thank you for your advice

    February 28, 2017 at 8:58 pm #1501074
    Theodore
    Participant

    @ssara4212 They do here in CA. Other states might be different. I've rescheduled so many times but never 5 days prior because of the fee. $35 every time. These fees are no joke. Good luck!!

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

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

    February 28, 2017 at 9:08 pm #1501089
    Anonymous
    Inactive

    I will be taking the Becker Practice Final tomorrow. I was wondering if the questions on the practice final are taken from the home work questions or are they totally new? If they took those questions from the HW then it wouldn't help me much to evaluate since at this point i kinda memorized the theory HW questions.

    February 28, 2017 at 9:41 pm #1501117
    Theodore
    Participant

    @drkarm majority are new, I would say 80% if not more are new questions.

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

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

    February 28, 2017 at 11:19 pm #1501186
    A1lessio
    Participant

    @drkarm- mostly all new. I've taken the practice exams for every section. I think if you get a 65-70 you're in good shape.

    AUD (08/02/2016)

    March 1, 2017 at 12:06 am #1501228
    Anonymous
    Inactive

    @Rosy0407 & A1lessio Thanks guys! My first ever CPA exam is making me go crazy with all kind of horrific thoughts.

    March 1, 2017 at 12:12 am #1501237
    Theodore
    Participant

    @drkarm These exams take commitment and discipline. This is my last section and I am praying for a passing score. I am so sick of it. I'm constantly thinking about it, dreaming about it and if possible I'd be throwing it up too. lol

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

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

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