[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

[Fil-Am]

Since all purchases were made on credit, we could assume that 300k was cost of sales (50k of the purchases deferred under AC method) , with a 20% mark up for sales based on cost. So 300k/80% = 375k. Now, we get the 75k as the budgeted margin. I am confused. Hehehe

Anything worth doing is probably not easy, but the rewards are worth it. (unknown)
Please feel free to add me on LinkedIn just to say hello or stay in touch.

CPA Exam - PASSED 2014
CALCPA Ethics - Passed 2014
CA CPA License - Pending

To God be the Highest Glory. Little Miracle happens every second!

[lanoner]

I do wonder if that is an error because I just got this in Ninja:

During the month of March, Nale Co. used $300,000 of direct materials. At March 31, Nale's direct materials inventory was $50,000 more than it was at March 1. Direct material purchases during the month of March amounted to:

A.

$0.

B.

$250,000.

C.

$300,000.

Correct D.

$350,000.

Assume:

BI = Beginning inventory of materials

EI = Ending inventory of materials

MP = Materials purchased

MU = Materials used

The material equation would be:

BI + MP = MU + EI

MP = MU + (EI-BI)

MP = $300,000 + $50,000

MP = $350,000

AUD 83
FAR 80
REG 83
BEC 81

[lanoner]

Someone asked about this question 2 years ago on this forum. The Wiley answer appears to be incorrect.

https://www.another71.com/cpa-exam-forum/topic/aicpa-released-bec-mcq-31

And anyone using Wiley to review right now:

https://www.another71.com/cpa-exam-forum/topic/wileytestbank-cpaexcel-bec-lot-of-wrong-questions?replies=10#post-495922

AUD 83
FAR 80
REG 83
BEC 81

[Letsdothis]

I am having a hard time memorizing all the formulas for BEC, I wrote them out and I have a total of 4 typed pages. What did you guys do to memorize these formulas ? should I cut back the number of formulas I am trying to memorize? which are the must know? should I have the formulas memorized before I tackle MCQ or what is your strategy ?

Thanks

We all have the ability to be whomever we want to be in this life. It's just a matter of DETERMINATION, PERSISTENCE, PATIENCE and the WILL to follow through. Never give up!

[Windel]

@ On2Sum,

I go through about 3 cups/day ever since I began studying for these exams. Can't say that I've heard of bulletproof coffee or that I'm interested in anything that has coconut but my regular cup of Joe seems to be doing the job right now. My favorite brand is King Coffee by a company called Organo Gold. It's organic with appeals to people like me (VEGANS)

[cpain2015]

Anyone experience questions that are in the NINJA MC on the exam?

FAR - 73, 75 PASSED
AUD - 74, 96
BEC - 79
REG - 89! Done. I'm a CPA!!

[lauren725]

Did anyone using becker finish the optional questions for Ch. 3? I am scoring in the 80's/90's for chapter 3, but the optional questions are a different story – doing much worse. Just wondering if anyone else had trouble with them. sigh…

I hope everyone's studying is going well (as good as it can go perhaps)!

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[spartan14]

if you're in the 80's and 90's for the rest I'm sure you'll be fine… I didn't score that well in them and I still feel pretty confident.

AUD- 99 (5/29/14)
FAR- 92 (7/3/14)
REG- 93 (8/22/14)
BEC- 94 (10/11/14)

[jstay]

soo i think im going to take BEC on 11/12. i am finishing b5 today/tomorrow, and b6 over the weekend. This enough time for a solid review? i feel like i dont remember anything from b1 or b2 and those are so important…ahhhh

[Anonymous]

Almost a month of review for BEC? Oh man that's more than enough. I plan on starting to study for it on the 17th, and want to take it around the 14-20th of November. What are you having trouble with?

[jstay]

its just all these variables, and costs, is it unfavorable, favorable, blah, blah,blah..i really just need to sit down, go over it and make sense of it. I guess im not gonna sit for AUD this quarter =/ but hopefully i pass BEC and can have all of 2016 for reg and aud–the ones that i feel like im going to have the most trouble on

[jstay]

CPAholeful, i thought you took BEC already? how did FAR go?

[spartan14]

I'm taking BEC tomorrow, and I've accepted that there's no way I can know everything going in.

Any suggestions on what to focus on tonight?

I was thinking:

-DM, DL, & OH variances

-NPV, IRR, payback, PI

-RI, EVA, ROI (PM & Asset TO), working capital

-COSO & ERM

-no idea what to focus on from IT stuff, way too much for me to try and remember 🙁

AUD- 99 (5/29/14)
FAR- 92 (7/3/14)
REG- 93 (8/22/14)
BEC- 94 (10/11/14)

[Anonymous]

There definitely isn't as much to remember compared to FAR/REG, and you killed those tests.

[spartan14]

I was fortunate enough to have all the time in the world to study for those since I didn't have a job or classes then. I've had classes and a job the entire time I've studied for BEC so I've done significantly less. Hoping it will be light on the IT, macro econ, and cost of financing stuff.

AUD- 99 (5/29/14)
FAR- 92 (7/3/14)
REG- 93 (8/22/14)
BEC- 94 (10/11/14)

[Author]

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