[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/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[johnny_debt]

@CPAHOPEFUL11,

Good luck, what section are you on Ninja now? Or do you just do a blend of all questions. I'm attempting to finish all mcqs in ninja and practice them in simulated exams. My exam is Monday and I'm wondering if I need to buy another 4 days.

Financial Management has been brutal for me.

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

[tgwadez11]

Question(s) regarding BEC simulations:

1. Do we get to use the AL on the actual exam?

2. I've heard it's not so much what you know (if you know the answer or not), but rather your format and grammar, is this true? Can you BS your answer and still get a majority of the points if you use proper formatting and grammar?

Thanks

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

[tami3492]

No, there is not any AL on the BEC exam.

Formatting and grammar is important, but I imagine if you are on the bubble and an actual person reads your answer, actually knowing what you are talking about and not BS'ing may get you a couple of extra points.

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

[Anonymous]

johnny, I finished the questions a few days ago and am now doing the troubled questions. How did Audit go for you?

Financial Management is worth more points than any section and there are some easy points to be had if you know your formulas. I hope I don't miss on them as that could be the difference between a fail and pass.

[johnny_debt]

@CPAHOPEFUL11,

I think Audit was okay, I didn't walk out of there feeling great, but I didn't feel awful either. There was one AL question in Audit that only ask for Section, but not paragraph. I only filled out the required Section, I'm not sure if I'll be penalized for not filling out the paragraph number since it didn't ask for it, and in the Ninja Sims I would get a wrong answer if I completed the paragraph when it didn't ask for it.

To be honest I have a feeling Ninja MCQs for BEC are a lot harder than the BEC exam, but maybe its just wishful thinking.

Is anyone else's Ninja MCQ down at the moment?

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

[Anonymous]

Oh man for the research question you just filled in the section? I've never heard of that before especially on the tests. Does that go for every test's research questions?

[johnny_debt]

@CPAHOPEFUL11,

I only had 1 research sim. Yea the question only states to put the section in, and that's what I did. Ninja Sims were doing it that way so I trusted Ninja. In Ninja Sims, sometimes they mention Section, and sometimes they mention Section and Paragraph. Anyhow, I don't know my score yet, since I'm in the next release window for 11/24. Hopefully I passed, I'd hate to miss passing score due to that AL Sim.

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

[Anonymous]

Yeah, but maybe that's why I scored weaker on the sims because I had two research question and put the entire paragraph LOL. Thanks for bringing this up though, I will know in the future what to do there. I just never came across a scenario like that using the WTB.

[Anonymous]

An accountant has been retained by a company as an investment advisor for its employees. Research of historical rates of return yields the following information:

Type of Investment Mean Return Standard Deviation

---

---

---

Common stocks 12% 20%

Long-term corporate bonds 6% 8%

Intermediate-term government bonds 5% 5%

U.S. Treasury bills 4% 3%

Which of the following investments has the greatest reward/risk ratio if a return's standard deviation is an accurate assessment of investment risk?

Select an answer:

A.

Common stocks

B.

Long-term corporate bonds

C.

Intermediate-term government bonds

D.

U.S. Treasury bills

The answer is D, but I thought you divide SD to the return and not the other way around?

[Hadin87]

@CPAHOPEFUL11

I think…

Since question asks for reward/risk ratio, the ratio should be Mean Return (reward) / Standard Deviation (risk), not the other way around.

FAR - 84
AUD - 89
REG - 79
BEC - 81

[johnny_debt]

@CPAHOPEFUL11,

I got that one wrong also, I was using the Sharpe Ratio which is apparently the reciprocal of the risk/reward ratio. The risk reward ratio is Standard Deviation/Return. I'm confused also why it's Return/Standard Deviation.

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

[Anonymous]

Taking BEC on Friday and I've gotten to the point with Becker that I am starting to recognize the MCQ… I got an 88% on the first Final Exam and a 71% on the second one over the weekend and Im just trying to maintain my focus and keep everything fresh until then but I feel like I'm now not really using my brain just recognizing like I said… I tried to go through the CPA Review For Free questions but they didnt seem like they were actual AICPA questions so I stopped. Anything else I could be doing?

[Anonymous]

Taking BEC on Friday and I've gotten to the point with Becker that I am starting to recognize the MCQ… I got an 88% on the first Final Exam and a 71% on the second one over the weekend and Im just trying to maintain my focus and keep everything fresh until then but I feel like I'm now not really using my brain just recognizing like I said… I tried to go through the CPA Review For Free questions but they didnt seem like they were actual AICPA questions so I stopped. Anything else I could be doing?

[ThumbsUp]

In your opinion list the five MOST important forumlas.. GO!

(The one's you are going to write on your scratch pad)

AUD- 22, Just missed it...maybe next time!
REG- 14, so close!!!

[johnny_debt]

A firm that often factors its accounts receivable has an agreement with its finance company that requires the firm to maintain a 6% reserve and charges 1% commission on the amount of receivables. The net proceeds would be further reduced by an annual interest charge of 10%. Assuming a 360-day year, what amount of cash (rounded to the nearest dollar) will the firm receive from the finance company at the time a $100,000 account that is due in 90 days is turned over to the finance company?

A.$93,000

B.$90,000

C.$83,000

D.$90,675

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

[Author]

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