[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/

[Anonymous]

Hey everyone,

I'm taking BEC this Friday and I finished up going through everything twice over the weekend.

How in depth do you need to know COSO? I can name the CRIME – IS EAR AIM in my sleep but seems like I am having trouble getting the knitty gritty details when I'm doing MCQ.

Thanks!

[Anonymous]

I'm taking mine on Thursday but you should know it very well. As for any CPA test, they really test some questions in detail. Also know the elements of ERM.

[yamar]

“How in depth do you need to know COSO?”

I'm wondering this too. I've done well on the Ninja MCQs that cover COSO but the amount of questions seems somewhat limited compared to some exam experiences I've read. Anywhere else I can find some more COSO mcqs?

FAR: 65,49,61,74,78
AUD: 65,68,64,78
REG: 56,77
BEC: 75

[knicks92]

Hey everyone,

I am also taking BEC later this week on friday. How is everyone preparing these last few days. I am going over Becker (already did the final exams, got a 90 and 71). Getting a 71 on the second one got me a little nervous so i am studying my notes a lot every day. Also doing some practice questions from another review book.

I plan on doing this today and tomorrow and on wednesday just watching the writing communication becker video and looking at some practice questions (havent practiced a single one) before just taking it easy all of thursday.

Tough times don't last. Tough people do.

B: 88
A: 77
R: 89
F:

[knicks92]

Also….how did everyone using the Becker material handle the appendix section of the IT section? Ive read it a couple of times but did not make any index cards. I memorized a some of the concepts or terms, but probably only half at best.

Tough times don't last. Tough people do.

B: 88
A: 77
R: 89
F:

[tami3492]

I have my test next Tuesday. For my review, I take a day to go back through each chapter (one chapter/day) and do the MCQ that I marked the first time through. I also do multiple progress tests. Today is IT day, which for some reason I am struggling with. Tomorrow I will go through chapter 5 (Economics) and then this weekend I will take the practice tests. I also checked out the Wiley book from the library and am doing extra MCQ's from there for some of my problem areas, or areas that I think may be heavily tested. I have been reading alot of horror stories on the other BEC thread that the test has been really hard and not testing on subjects from Becker, so I'm kind of freaking out, but I will just study the best and can and hope that will be enough.

FAR 7/8/14 - 88 - Becker live course
REG 10/14/14 - 82 - Becker live course, Ninja notes and audio
BEC 11/25/14 - 88 - Becker live course, Ninja audio, Wiley book for extra questions
AUD 2/3/15 - 94 - Becker self study, Ninja audio, Wiley book for extra questions

[knicks92]

tami3492

I also did some wiley practice questions when I first started studying and I found wiley to be a lot harder than becker, but I kept doing it just to expose myself to as many different MC.

I have also read a lot of horror stories and a lot of people say its all on luck whether you get an “easier” version. I guess there is nothing we can do except hope for the best and just study the material enough to have no regrets. Seeing that you did amazing on what is considered the two hardest sections of the exam, I think you will be fine. This is going to be my first time sitting for the exam, so i really have no idea what to expect in terms of the atmosphere of the test center and overwhelming emotions i will be feeling that day.

the second becker practice test i think is much better than the first. obviously do both if you want, but the second one is more challenging.

Tough times don't last. Tough people do.

B: 88
A: 77
R: 89
F:

[peko8535]

Hey Amor D,

I'm using the 2.0 lecture for the 2014 test. I'm curious in how much of a difference there even really is, the V1.0 lectures seem pretty similar as I am using an older book w/ the new lecture.

FAR - Passed! 8/23/13 (Becker Self Study and Ninja Audio)
REG - Passed! 7/24/13 (Becker Self Study and Ninja Audio)
AUD - Passed! 8/25/14 (Becker Self Study and Ninja Audio)
BEC - Passed! 11/23/14(Becker Self Study and Ninja Audio)

Now Gimme my Bonus!!!

[johnny_debt]

Which of the following is correct?

A.Short-term credit can be obtained more quickly than long-term credit, but long-term credit is more flexible.

B.Short-term credit is generally less costly than long-term credit due to the prepayment penalties associated with long-term credit.

C.The shape of the yield curve implies that interest costs will generally be higher using long-term credit than short-term credit.

D.Short-term credit can generally be obtained quicker than long-term credit; however, short-term credit holds more risk due to the need to renew more often.

Can anyone explain why the answer can't be C? Ninja MCQ says the answer is D.

AUD - 91
BEC - 84
FAR - 91
REG - 91

[Anonymous]

@peko8535, learning the most up-to-date materials should be more advantageous than the old ones. But I really like Olinto as lecturer. He is very engaging.

[Anonymous]

Hey can someone help me out with this question? Becker has a mathematial ” solve for x computation” and just assumes everyone is excellent at math. Is there a way this can be broken down in an understandable way besides just showing how to solve for x?

TIA

A company produces and sells two products. The first product accounts for 75% of sales and the second product accounts for the remaining 25% of sales. The first product has a selling price of $10 per unit, variable costs of $6 per unit, and allocated fixed costs of $100,000. The second product has a selling price of $25 per unit, variable costs of $13 per unit, and allocated fixed costs of $212,000. At the break-even point, what number of units of the first product will have been sold?

a. 52,000

b. 39,000

c. 25,000

d. 14,625

[johnny_debt]

@dsch9319,

The answer is B. When doing these problems we have to assume there is a linear relationship between the first product and the second product, that is that every 4 products sold, 3 will be the first product and 1 will be the second product. The break even point is the break even point for all fixed cost. First we need to solve for total sales of units required at break even, then we can derive the sales for the first product.

X = Total sales

.75x = first product units sold

.25x = second product units sold

$4 contribution margin for first product, $12 contribution margin for second product.

(.75x*4) + (.25x*12) = 312,000

3x+3x = 312,000

6x = 312,000

x = 312,000/6

x = 52000

# of first products sold is .75x. Therefore .75x = 52000*.75 = 39000.

AUD - 91
BEC - 84
FAR - 91
REG - 91

[Anonymous]

thanks johnny debt,

I really dont know what to think at this point. This is my third section im taking and im on BEC 2 and im finding these questions to be harder than what i encountered in FAR ( at least mathematically) I understand the general concepts of CVP and for the most part I understand how to do cvp questions by plugging in numbers. but when it comes to questions like this ( and i saw quite a few of them in the review) i dont no what to think.

[johnny_debt]

@dsch9319,

I had that problem also transitioning to BEC. I think if you keep practicing the MCQs you will get the hang of it. Think of BEC not in terms of accounting and GAAP but more in terms of economics and business related decisions, actual cash inflows and outflows.

I used CPAExcel before moving onto Ninja, and the questions in Ninja MCQ are so much more difficult than the ones encountered for CPAExcel. Its discouraging to come from doing well in CPAExcel and hitting wall after wall in Ninja MCQ.

AUD - 91
BEC - 84
FAR - 91
REG - 91

[Anonymous]

Ninja is absolutely BRUTAL for BEC compared to other sections. I'm trending at 75% with an average of 63% and my test is on Thursday.

Does anyone know if the yield to maturity and effective annual rate are the same thing?

[Author]

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