[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]

Thank you for the heads up. Hope you did great on it.

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

[Spartans92]

Good luck @aa. Can anyone give me some advice/recommendation as I am unsure. So the results come out on 21st and I have reg schedule for august 2. If I fail should I keep studying for bec and retake in July or move onto reg? My concern is it limits my study time for reg and my nts expires on Aug 10. Thanks. I'll probably make my decision after the score release.

BEC- PASS

[aatoural]

Why don't you start on REG and if you do need to do BEC you can still get another NTS for it for the Q3 and schedule it a couple or so weeks after your REG so you got time for a final cramming session?

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

[mckan514w]

Confused– books and notes say that National Income (NI) = NDP MINUS Net Foreign Factor Income MINUS Indirect Business Taxes however just worked a question that explains that

National income (NI) is defined as net domestic product (NDP), PLUS net income earned abroad, minus indirect business taxes

Can anyone help clarify? Thanks!

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[Spartans92]

Mckan, I believe it is subtract because national income should not include income earned abroad. Im surprised how the review materials are not consistent.

BEC- PASS

[mckan514w]

Thanks Spartan- I'm having “one of those days”– and yes the material seems inconsistent and this entire BEC portion thus far just seems like complete and utter BS to me… I am having a hard time seeing how ANY OF THIS assess whether or not I am competent enough to be a public accountant and it is making me angry and frustrated and having a hard time learning such worthless facts…. grrrrrrr

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[Spartans92]

HAHA that is understandable. You are 1/4 there just keep moving forward, you can do it! I dont like these exams either :/ Just wanna be done already. Been at it for only 4 months and I hate it. At times I enjoy learning something new but most times its like blah.

Mckan, may I also ask for some study tips on REG? I have been altering my study methods as I go so will see how BEC turns out next week.

BEC- PASS

[mckan514w]

Ha yes Spartan I just want to be done… for some reason BEC just seems incredibly pointless to me I “get” the reasoning behind knowing REG Laws and FAR (well except for Govt and NFP) but all of this economics and computer infrastructure just seems incredibly stupid — I am sure it doesn't help that the last time I gave any thought to ECON was in undergrad hundreds of years ago and I didn't like it then…. ha ha ha

REG…. ahhhhh reg… reg… reg….. ha ha ha Seriously REG is just one of those that as trite as it sounds just keep hitting as many MCQs as possible… it at least for me was the only way to really learn it and keep everything straight. Don't dwell too much or too heavily on phaseouts in your individual taxation just kind of be aware that they are there. (I actually kept an excel spreadsheet noting each phaseout that I could glance over)

I guess it helped that I like tax and law so I didn't mind putting the time in but the real key is just to work and re-work the MCQs as many times as you can so you know every which way they can humanly ask a question…. this is especially true with your S-C-Partnership and Estate basis rules… which rules I re-wrote every single time i came across a question on them.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[mckan514w]

oh and DO NOT underestimate the B-law portion…. I actually re-ordered my study time and started with that instead of taxation so I would have longer period of time to study them….. keep everything fresh by doing a set of B-law questions EVERY SINGLE DAY

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[hannahFletcher16]

Hey guys I am having the same issues with BEC. my 3rd attempt in 18 days. scores 65 than 69. I am feeling worse this time around.

Do you have advice on how to ace sims? I scored low both times and I don't get why.

Also, how would you utilize the 10 point combo, I bought it but I don't think I am getting what I can out of it.

THANKS! GOOD LUCK!

[mckan514w]

@hannahFletcher16 Not sure it will help but what i've been doing is just recopying the SIM answers word for word thinking that the jargon will stick since they use computers to scan for specific words… I figure the buzz words are more important than the actual content and if you can get an idea of both the content and the buzz words I may be good…. not sure it will help me at all but the way I am bombing on the MCQs on econ Im going to need a boost somewhere…. GOOD LUCK to you.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[aatoural]

I have been reading and re-reading the solutions provided by Becker in the WC to make them stick. Mostly the ones that I am not comfortable with (e.i. chapter 6). Hope that helps.

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

[hannahFletcher16]

Thanks guys this helps a lot. I will try those strategies!

[Spartans92]

Thanks for the response Mckan. @Hannah, the key words is what they look for I believe. I BS'ed a lot on my writing sections cuz the prompt was so vague I am sure u know what I mean. I think putting in the buzz words is what they look at. No way for the computer to detect what the content says and whether or not it is correct. Good Luck! Cant wait for my skill in a week.

BEC- PASS

[hannahFletcher16]

What would you say are buzz words? Just the words that are used in the question?

THANKS!

[Author]

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