[jeff]

Welcome to the Q2 2016 CPA Exam Study Group for BEC.

Some BLITZ videos to help your exams: https://www.another71.com/ninja-blitz

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

[RE2PECT]

perezc3910- I wasn't planning on taking it, but when they extended the window I moved AUD up a week and scheduled BEC as close to the last day as I could. I'm hoping to get through all the reading and lectures in 2 weeks, while doing some mcq and progress tests as I go. Once I'm done I'll hit Ninja mcq for the rest of the way. I started writing out the notes and if I have enough time I'll re-write them. I'm worried about memorizing all these formulas. There's a ton of them!

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[Anonymous]

@MTaylor24 Apparently it did. I think the Gleim bank is great, harder questions than Wiley and really nice clear options for making ad hoc quizes. I like NINJA's bank too, especially the adaptive learning graphs. I didn't use NINJA for BEC because I barely got through the Gleim Questions. But having a few test banks I find is good because it allows for one those stupid games you play with yourself (e.g., I'll do 20 questions from Wiley, 20 from Ninja and 20 from Gleim).

I really was worried/discouraged. Perhaps forcing myself to guess and move on made me feel more defeated than I should have. Then again, someone on here said they totally skipped cost and got the same score I did. I do see how that's possible as a lot of the stuff I thought was really important and would be tested wasn't even touched upon.

[Spartans92]

Hey All! I am hopping on the BEC Train as well. Taking it in June. I am feeling super LAZY today :/
Gotta Open that book….

BEC- PASS

[perezc3910]

@Re2pect, I am a bit behind according to my Becker study plan if I decide to schedule the exam for the latest day possible June 9th. The first week of every month is extremely hard for me because I get hammered at work since I have to do month closing all by myself. That's another reason why I feel more confident about taking it in July. How do you think that you did in auditing? BEC will be my first exam and I have no idea what to expect the day of the test. I see that you pulled through with FAR. I have seen so many posts today about people getting 74's. I would hate for that to happen to me. Anyway, good luck!

BEC-July 2016
REG-August 2016
FAR-October 2016
AUD-Nov/Dec 2016

[ILCPA2014]

Test in 7 days, do I still get a chance to pass? I am not really prepared. I took BEC in January but failed with 66. Then took FAR (passed) and crazy tax season, so I really did not get the chance to study lately.

AUD Passed 78 (4x) Thank you Lord.
REG Passed 81 (2x) Thank you St Joseph of Cupertino
FAR Passed 77 (3x) Thank you St Joseph of Cupertino. Thank you Lord.
BEC TBD
My CPA journey started in 2013 and it will be finished in April 2016. That's for sure!!
Ethics 91

[Anonymous]

I noticed today's score release is either 75 up or 75 down, no more bubbles for BEC.

I wonder if it's a good or bad thing.

[RE2PECT]

@perezc3910- I felt better about AUD than I did for FAR, which probably means I failed lol. Not sure what more I could have done as far as studying. I did over 4000 mcq and every sim in Ninja & Roger. It's going to hurt if I don't end up passing, but at least I know I did the best I could to prepare for it. Good luck to you as well!

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[perezc3910]

@re2pect, I think that Auditing will be the hardest exam for me. I barely passed it in college. For some reason, the whole concept is just so hard for me to understand. I plan to buy the Ninja audio, notes, and MCQ for that one. I will buy anything that will help me. FAR scares me but not as much as AUD does. I start the second chapter of BEC tomorrow and then next week I'll start doing two chapters a week instead of one. From what I have heard, the first two chapters are the most difficult. Hopefully once I get through those two it will be a smoother ride. How long did it take you to study for FAR?

BEC-July 2016
REG-August 2016
FAR-October 2016
AUD-Nov/Dec 2016

[RE2PECT]

I recommend the audio if you have a long commute to work. Mine is about a half hour each way and I would listen to it every day. It's easier to listen to than FAR because there aren't any calculations. I started studying on Christmas Eve and took FAR on 2/29. My son was born the first week of Feb so I wanted to give myself enough time to get through the lectures and leave enough time for a review. I won't know for a couple weeks how I did on AUD, but I would do as many mcq and sims as you can. Get familiar with the AL because it could help with some sims, especially if you get one on any of the reports. Unfortunately it didn't help me, but other people have said they found answers word for word. Make sure you know adjusting entries and what effect certain ratios can have on the financial statements.

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[mjbey1s]

Can anyone explain this question to me? It is from the becker software… I have seen it multiple times and I am just not understanding the concept. Much appreciate the help.

If the elasticity of demand for a normal good is estimated to be 1.5, then a 10% reduction in its price would cause:

a. Total revenue to fall by 10%.

b. Quantity demanded to rise by 15%.

c. Total revenue to fall by 15%.

d. Demand to decrease by 10%.

Explanation

Choice “b” is correct. The elasticity of demand is calculated as:

% change in demand

% change in price

If the elasticity of demand is 1.5 (assumed to be the absolute value, as the elasticity of demand for a normal good is always negative), then a 10% price reduction would cause an increase in the quantity demanded by 15% (a ratio of 15 to 10 or 1.5).

Choices “a”, “c”, and “d” are incorrect, per explanation above.

[lolo]

@mjbey1s, the Elasticity of “Demand” Has a negative relationship between the price and the quantity demanded, that's why a decrease in the prices would cause an increase in quantity demanded! and because the numerator is higher than the denominator by 1.5:1 then an decrease of 10% in the denominator would cause an increase of 1.5 times the decrease (10%) in the numerator! hope this helps.

My Nick name is sunshine, but the fact is I have not been in touch with it since I started this CPA exam! IT HURTS

AUD - ✔ Passed Becker self study!
BEC - ✔ Passed Becker self study!
FAR - ✔ Passed Becker self study!
REG - TBD

[cpa007]

mjbey1s
Above explanation by sunshine is great. You can put in the formula: and analysis it.

1.5= % change in demand/% change in price
1.5%*10% =% change in demand
15%=% change in demand

[Trying to pass]

Assume the following facts about Martin Corporation:
* the long-term debt was originally issued at par ($1.000/bond) and is currently trading at $1,250 per bond
* Martin corporation can not issue debt at 150 basis points over U.S. Treasury bonds
* The Current risk-free rate (U.S. Treasury bonds) is 7 percent
* Martin's common stock is currently selling at $34 per share
* The expected market return is currently 15 percent
* the beta value for martin is 1.25
* Martin's effective corporate income tax rate is 40 percent
Based on these assumptions, what is the current net after-tax cost of debt for martin corporation?

A. 5.1%
B. 7.0%
C. 8.5%
D. 5.5%

[Larry]

Do you need help with the question? The answer is 5.1%

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[mjbey1s]

can you explain how you got to the 5.1% @Papogator24???

[Author]

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