[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/

[Kimboroni]

ROI is the return (revenue minus expenses) divided by average investments (assets). Although it seems like every ROI problem gives a slightly different equation.

AUD 84 (1/9/14-Wiley books/TB + free materials)
FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

[tgwadez11]

@Casagarber Thank you. Still under the impression that fixed costs should be the 210K no matter how many units are sold though. Obviously I'm wrong by thinking that

AUD (PASSED) - 56, 91
BEC (PASSED) - 80
REG (PASSED) - 68, 74, 77
FAR (PASSED) - 78

[Anonymous]

The answer really explains it well…

Answer: Absorption costing is a method of costing in which manufacturing fixed costs are treated as product costs and assigned to the units produced. Fixed costs follow the units through work-in-process and finished goods as an inventoriable cost and are expensed through cost of goods sold (COGS) when the units are sold.

The fixed costs are fixed mnfg costs. They become part of the product….and are expensed when sold (as COGS). You still have $210k worth of fixed costs but $30k of those fixed costs are sitting with the 10k units in FG that you didn't sell. The costs have still been allocated just not expensed. Once they are expensed they will hit the I/S.

Under the Variable method, however, all fixed mnfg OH costs are treated as a period cost and expensed immediately….

[jstay]

scheduled for 11/12. finished b6 this weekend, now for review… any ideas? i guess just go through it again? hopefully i can take a few weeks off before (im an intern) so that would give me like 3 weeks of 5 days of studying.

[eyesontheprize45]

Well, took my exam Saturday night (yes, the BEC exam was literally my date for Saturday night). I knocked the first packet out easy…the next two…not so much. Rushed the Written communications but got them all done. Fingers crossed!

FAR: 73, 77 (July 14)
AUD: 94 (August 14)
BEC: 83 (October 14)
REG: NOV

[Anonymous]

can anyone help me find the best materials to start BEC preparation.As I concluded my self to begin with becker exam review and do every part's mcq with ninja.Any ideas from the veteran's will be appreciated.

[tgwadez11]

@Casagarber Ah makes sense. Thank you!

AUD (PASSED) - 56, 91
BEC (PASSED) - 80
REG (PASSED) - 68, 74, 77
FAR (PASSED) - 78

[Anonymous]

Hello all!

Just took my FAR exam last week and am now starting my BEC preparation for a late November test. Just happy to be done with FAR for a little bit and hope BEC isn't quite as bad!

[Anonymous]

Ready to crank out some MCQ!!!

[WannaBeDone]

I just had my first crack at the BEC exam this morning and for once I thought the simulations actually went pretty good. I was kind of unsure about some of the multiple choice questions, but overall I thought it went OK.

I would like to take a moment to offer two pieces of advice to anyone who has not yet taken the BEC exam or anyone who plans to take the CPA Exam in the future. First, if at all possible, if you have any say in the matter whatsoever, save BEC for last if you can. I saved it for last for a different reason than this, but as I went along in the Gleim study materials I found that there was a lot of stuff that got revisited from AUD, FAR, and REG, and I was able to save a LOT of study time as a result.

The second thing is something that my Gleim counselor had warned me about that did indeed happen this morning. She had told me about a month ago that either this year or last year NASBA started putting written communication tasks on the BEC exam that pertained to material that is actually covered in the study materials for one of the other sections of the exam and not BEC. This was the case with TWO of the three written communication tasks I was given this morning.

AUD - 83 (Feb 2014)
FAR - 84 (May 2014)
BEC - 78 (Oct 2014)
REG - 72 (Aug 2014), 76 (Nov 2014) DONE!!!!

[Mary 2496]

I passed BEC back in January of this year and it was like that even back then. A few of the essays pertained to other exam sections.

[Marielena]

@kimboroni thanks for your advice I am going to try less. I usually try to do either 72 or a 100 to get a decent amount of all chapters each time but I will try smaller amounts, I also have a big Wiley book full of questions I'm going to try to do. Just getting nervous

[cpain2015]

I have my BEC exam next Monday and I am definitely freaking out…Right now I am just cranking out about 200 MCQ a day using only NINJA MCQ and CPAExcel…does anyone have any other advice on what I should do to prepare?

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

[cpain2015]

@WANNABEDONE….did you study any written communications before the exam? I haven't even taken a look at one simulation…all I have been doing is studying m/c questions

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

[WannaBeDone]

@cpain2014 – Yes, I did study the written communications but more than anything it was so I could get an idea of what NASBA is looking for in our responses. As I got further into the BEC study units I started noticing more and more simulations that had nothing to do with the study unit that they had been placed in. That was when I talked with my counselor and after what she told me, I decided I would be better off using the simulations to try and figure out what kind of structure and detail NASBA is looking for.

AUD - 83 (Feb 2014)
FAR - 84 (May 2014)
BEC - 78 (Oct 2014)
REG - 72 (Aug 2014), 76 (Nov 2014) DONE!!!!

[Author]

Replies