[jeff]

Welcome to the Q3 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

[sancasuki]

Thank you. That chart helps. I'm just starting the fun chapter in BEC (CPAExcel) called “Planning and Measurement”, which is cost accounting, ratio analysis, variances, and some other crap. I finished Economics & Financial Management. I'm leaving IT and COSO for last.

Doing a rush job, in order to take the test before the end of Q3. Never did a rush job before (FAR, REG, AUD), so it's a bit stressful. And I'm afraid AUD has made me soft. I got so used to not doing any calculations, lol. It's hard going back to the calculator and trying to memorize formulas again.

[RE2PECT]

Took BEC today and honestly have no clue how I did. A lot of the questions weren't covered in any review materials and topics I spent a lot of time on weren't even tested. Had at least 7 IT questions that had terminology I never seen. I feel like the second testlet was harder, but not sure about the third. It definitely felt harder than the first, but there were some easy ones mixed in. 2 of the WC were manageable, but the third was straight from FAR. Hopefully that was a pretest because I was strapped for time and barely answered it.

I have no idea what to think of this exam. This was my second attempt and I studied even harder as I did for the first one. Praying I don't have to take it again, but I won't be surprised if I do.

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

[ArtArt]

@ RE2PECT

Just what I didn't want to hear! Was it more conceptual based questions? Did you use ninja at all?

B 2/28/13(62) 4/10/13(68)
A 7/10/13
R
F

[Anonymous]

This might be a silly question to some people, but I really need to clear my mind.
Is capital budgeting synonymous with CAPM (Capital Asset Pricing Model)?

Thanks guys.

[RE2PECT]

@akphn5- It was more conceptual, but many of them seemed foreign to me. I used Ninja for both attempts, but also did most of the questions in Roger and a few from cpareviewforfree. I did around 3400 total between all of them and was averaging 73 and trending 93 in Ninja after about 2500 attempts.

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

[ArtArt]

@re2pect

Good to know! Reminds me of when I took it a couple years ago (just picked up on studying again). Mines 9/2, I'll keep you posted on how my exam turns out. Good luck tho!!

B 2/28/13(62) 4/10/13(68)
A 7/10/13
R
F

[RE2PECT]

I put together a list while going through Ninja for all the calculation questions. Many of them didn't match up when I went back to study them and Jeff said it was because they change when new ones are added. Here's some that you can go back and work on if you're having trouble with certain areas.

Variances

DLEV- 881, 1181, 1320, 1322
DMPV- 938, 916, 918, 1046
DMUV- 903, 907
DLRV- 880, 908
DMPV & DMUV- 1028
OH Spending Variance- 917
VOH Efficiency- 1201
Selling Variance- 889
OH Spending Variance- 902
Flexible Budget Variance- 894
VOH Efficiency Variance- 1012
Production Variance- 1013

Process Costing

Conversion Costs- 892
W/A- 1052, 1061, 1271
W/A conversion cost per unit- 1184
Costs transferred out- 1079
W/A equiv units- 1053
FIFO equiv units- 1062
W/A conversion cost- 1038

Break Even Analysis

Margin of Safety- 1283
B/E units- 845, 849, 859, 904, 909, 920, 944
B/E analysis- 904
B/E analysis- 909
B/E sales- 1156
Finding FC using B/E- 1266

Ratios

Profit Margin Percentage- 926
ROI- 977, 980
ROE- 1162
ROA- 961
Residual Income- 960, 984, 971, 979,
EVA- 970
Res Inc- 960
ROI & Res Inc- 993
Return on Sales- 923
WACC- 391
Times Interest Earned- 423
Cost of Equity- 326
Debt to Equity- 481
Degree of Financial Leverage- 372
Cost of P/S- 324, 377, 378, 386
A/R Turnover- 1144
# Days Sales in Inv- 485
Inventory Turnover- 348, 471, 369
Inventory Reorder Point- 466, 469, 470
Annual Financing Cost- 456, 441
EOQ- 436
Cost of safety stock- 462

Capital Budgeting

NPV- 337, 263, 1365, 265, 337, 253, 262
IRR- 251, 250, 269, 866
Payback Period- 247, 360, 272, 274

Cost Accounting

OH Costs- 921, 1024, 1032
OH Applied- 910, 1063
COGM- 1082, 1270, 886
Joint Product Costs- 1025, 1007, 1083
Byproduct cost of sales- 1008
Variable & Absorption Costing- 1203, 1090, 1309, 1310, 974, 1006

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

[Ash]

@Re2pect I am glad I am not the only one. I took BEC yesterday as well and I walked out of there feeling really blank…its the only way I can describe it. I did not know how to feel the only thing I felt decent with was the WC the MCQ though yikes I have no idea. I did not sense any change in the testlets which means to me i bombed it. But I will still stay positive and hopefully I will get my first passing score on this one. Good luck to you!

AUD- 72, 71, TBD (now i am pissed no more messing around)
BEC-8/29/16
REG-10/10/16
FAR-70 retest-11/28/16

[Smallwood]

Ugh, man this is what I can't stand about these tests. Study your butt off only to sit for it and be like WTF IS THIS!? I've never heard of this in my life before?? It seriously seems like it depends on which test/questions you get sometimes. I'm sitting for BEC on 9/8 and am in the process of re writing my notes now and doing MCQ as much as possible. I hope itll lead to a 75 but who the heck knows. I'm just trying to do my best and implement techniques that people say work, but sometimes it seems like that doesn't push me over the 75 mark. I've been stuck on 74 2x for both AUG & REG. Hope my first attempt on BEC is a passing one like my FAR exam…

FAR - 76
AUD - 74, 72
REG - 62, 74, TBD
BEC - 09/2016

[iamonloose]

Andrew Corporation is evaluating a capital investment that would result in a $30,000 higher contribution margin benefit and increased annual personnel costs of $20,000. The effects of income taxes on the net present value computation on these benefits and costs for the project are to:
a.Increase both benefits and costs.
b.Increase benefits but decrease costs.
c.Decrease benefits but increase costs.
d.Decrease both benefits and costs.

Choice “d” is correct. The effects of income taxes on the net present value computations will decrease both benefits and costs for the project. Net present value computations focus of the present value of cash flows. Income taxes decrease both the benefit and the cost of cash flows.
Choices “c”, “b”, and “a” are incorrect, per the above explanation.

I believed taxes increases benefit?

[csvirk]

@Re2pect Thank for the breakdown. THis is really helpful.

Exam in 3 days and Pre exam anxiety kicking in!! This is my last exam and anxiety going to be worse this time!1

FAR: 71, 77!
AUD: 69, 80
BEC: 72
REG: 84

[BenB]

When is data collection most critical in the implementation of an improvement initiative for a hospital attempting to improve emergency-room care patient satisfaction?

Incorrect
Before the initiative begins
B.
During the initiative
C.
After completion of the initiative
D.
All of the answer choices are correct.

D is the answer which is really dumb because if the person who wrote this question spoke English they wouldn't have used the word most.

FAR 7/11/16 - 87
BEC 9/9/16
REG TBD
AUD TBD

[csvirk]

@Ben I understand your frustration. they throw random words to throw you off.

FAR: 71, 77!
AUD: 69, 80
BEC: 72
REG: 84

[Anonymous]

@BenB it's always most critical! lol

[sancasuki]

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[Author]

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