[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

[aatoural]

I am have some confusion issues with the currency exchange rate and all those hedging types (Becker chapter 6), Can somebody explain that in understandable words (textbook definitions just make it worse).

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[marqzho]

How do you guys prepare all those formula?

What is Operating Leverage???financial leverage? EOQ? Reorder? Elastic? Cost of Capital? CAPM? Reorder point? safety stock? GDP? Cost of debt? All those Variance????? ETC????

WTH??????

REG 90
FAR 95
AUD 98
BEC 84

[pyacpa49]

@marqzho I'm right there with you. Test is 6/6 and I'm still having too look up formulas for some questions. Good Lord I just want to pass so I can stop cramming that into my brain.

[aatoural]

@marqzho what I did was that I created a word document with all the formulas and then created a second word document where I erased the formulas (i.e. DFL = blank) and I made several copies of that one with the blank spaces and everyday I try to complete it by memory at least once. Then I go back and check with the other word document that has the correct formulas. So far I have improved a lot my only problem areas are some of the budget formulas because I get them confused and the DuPont extended.

Hope this helps!

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[Anonymous]

Come on, Marqzho!
You don't need to score another 90++ on your last section:)
Just give me your excess 10 points for BEC and I will be the happiest gal in the world.

[Trying to pass]

Q.
Thomas Company sells products X,Y and Z. Thomas sells three units of X for each unit of Z, and two units of Y for each unit of X. the CM are $1.00 per unit of X , $1.5 per unit of Y & $3.00 per unit of Z. FC are $600,000. how many units of X would Thomas sell at the Breakeven Point ?

A. 40,000
B. 120,000
c. 360,000
D. 400,000

[Spartans92]

BEC is definitely a combo of everything. @marqzho, all those formulas you mentioned are coming from classes like SCM, finance, and accounting LOL. The hardest part is memorizing all of them and not even sure if you will see any but once u have them down the questions are so simple.

BEC- PASS

[60sixx]

I effing HATE this section. LOATHE this section.

My exam is this Saturday and I'm just praying I don't have to see it again. Feel wholly unprepared for it, but praying for a miracle!

AUD - 76
REG - 86
BEC - 76
FAR - 9/3/16

[60sixx]

Sorry…don't know why everything I post goes up twice….

AUD - 76
REG - 86
BEC - 76
FAR - 9/3/16

[aatoural]

@Trying to pass

All you need to do is the analogy with the variables to find the to CM and then find BEP in units by dividing TFC by CM.

3 units of x = 1 unit of z
1 unit of x = 2 units of y

then z = 6y and z = 3x

which means that the CM per product is:

z = 3 units * 1 = 3
y = 6 units * 1.5 = 9
x = 3 units * 1 = 3

total CM = 3 + 3 + 9 = 15

BEP = TFC/CM = 600,000/15 = 40,000

z= 40,000 = 3x = 40,000 * 3 = 120,000

That is my understanding of it.

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[Spartans92]

60sixx, You passed both AUD and REG! I think you are going to do fine on this section. BEC covers some AUD concepts so that knowledge should transition into the COSO, COBIT, Corporate Governance area really well. Good luck this weekend!

BEC- PASS

[Trying to pass]

Thank you @aatoural …. you explained it well

[aatoural]

I am having some issues with the currency exchange rate and all those hedging types (Becker chapter 6), Can somebody explain that in understandable words (textbook definitions just make it worse).

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[Spartans92]

All of the following would generally be included in a cost of quality report, except:
a.
Supplier evaluations.
b.
Lost contribution margin.
c.
Design engineering.
d.
Warranty claims.

Becker explained Lost CM being an opportunity cost but then internal and external failures are in the form of opportunity cost. Im confused why supplier evaluation is included in the quality report instead. The answer is B.

@aa, haven't gotten that far but I can prob help when I get to it later in the day.

BEC- PASS

[marqzho]

—-

REG 90
FAR 95
AUD 98
BEC 84

[Author]

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