[jeff]

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

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

[r]

@rosy0407 you give me hope. I feel like failed!

[Theodore]

@emichelle2321 I am really hoping that is the case. After two good consecutive nights of sleep, I feel so much better.


@r@twal let's stay positive over here. 🙂

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

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

[r]

@rosy0407 I just check and I failed 🙁 71% started studying again already

[Theodore]

@r@twal Oh man, I'm sorry to hear that 🙁 It's all worth it in the end. Stay positive

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

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

[mperez102204]

Well, just took a practice exam in Ninja and received a 73. Not sure what is means, but it is not where I want to be. I am a great crammer, so that is what I am going to do. Wish me luck on the test tomorrow, i feel that i will need it.

For anyone who is taking the exam soon or has already taking it. Good luck!

[julyaf1207]

I just took a practice exam in Becker and got 71, 63, 63 on the multiple choice and am crushed. How do you use this though? Like it automatically gives 100 on the WC. I didn't even do 2 of them and still got 100. So what do my scores come out to? I know MC is 85% and WC is 15%. IDK I think I'm overthinking this!!! lol.

[mperez102204]

I know what you mean. Here is what I did for the WC. I copied my answers and used a proofreading software in Google. Then I looked at the key words needed for the topic. I then took an educated guess based on how well I wrote and if the key words were used. I am probably a bit harsher then the cpa exam will be… but we are accountants, we do not like to make mistakes.

[Theodore]

Best of 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.

[EZ_Sims_4_me_Pls]

it may be better for some people to just review notes on the final day before the test

….the types of people who psyche themselves out by making simple mistakes on MCQ's

[cottonkandi]

Took the exam- really distraught- a lot of IT and I don't think Becker did enough to cover all the IT parts. There were definitely more conceptual questions than calculations and each testlet had elements of easy and hard questions. The last testlet was definitely more wordy and more conceptual so I guess it was a hard testlet? Honestly I could not tell, it was all hard to me from the first question to the last. At this point I don't know, I practiced as much as I could.

[Meadows30]

Zig Corp. provides the following information:

Pretax operating profit $300,000,000
Tax rate 40%
Capital used to generate profits 50% debt, 50% equity $1,200,000,000
Cost of equity 15%
Cost of debt 5%

What of the following represents Zig's year-end economic value added amount?

So you take 300,000,000(.60) – .15(600,000,000) +.05(600,000,000)
=
180,000,000 – 90,000,000 – 30,000,000 = 60,000,000

You use the tax rate to get the after tax operating profit.

Reg 11/26/2012 80
BEC 01/05/2012
Audit
FAR

[Theodore]

@allergic2mornings I know exactly what you're talking about. Let's hope for the best.

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

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

[Anonymous]

Not sure how I did. The first testlet was easy with about 5 calculations and the second was no joke 17 calculations!!! The 3rd was half at least 7-10 cal. No idea what that is supposed to mean. I got maybe 5 IT QUESTIONS from the whole thing. I must have taken a totally different test than other people have. I feel so lost.

[Tncincy]

That's why we're supposed to be ready to anything. Some say IT, others say calculations, others say word count……on my word, I think I gonna lose my mind trying to anticipate what's on this thing. I am working on the known heavily tested and working on everything else as it comes. I intend to be ready though……Thanks for posting your experience. Time to do the tighten up.

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

[Anonymous]

I plan on having to retake it and just focus on everything lol. The WCs were actually pretty easy. I guess now trying to focus on the simulations will be next. I'm going to enjoy a nice break before the score release.

[Author]

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