[jeff]

Welcome to the Q4 2016 CPA Exam Study Group for BEC.

If this is your first post in the study group – please post your target exam date (just the time frame to preserve your anonymity), and your past history with this exam (optional, of course).

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

[mtaylo24]

^^^of course, if i didn't it would be too easy! They always leave something out.

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[Sticky Nicky]

mtayo,,,im takin audit in 4 weeks followed by reg 5 weeks after that

honestly i think the quickest trick to those backwards problems is to just plug in the answer choices…had a few on real thing and thats what i did,,,worked out pretty well

[Forem004]

Great idea Nicky!

[mckan514w]

Okay getting really confused about which is riskier equity vs. issuing debt it seems like all of the answers contradict themselves… there was one on Ninja (I can't find right now or I would post) that said that Equity was more risky than debt due to the fluctuations in the market… then I came across these two questions today: Any help / insight / explanation… THANKS!

1. The Snape Corporation plans to raise $1 million for operating purposes by either issuing a number of bonds to the public or by issuing shares of common stock. Which of the following is not an advantage of issuing the bonds?

Correct answer: There is less risk associated with the bonds.
Explanation: With bonds there is the risk of default and becoming over leveraged affecting the company's ability to borrow in the future thus debt is riskier to issue than equity

2. The least expensive source of long-term capital to a firm is generally
Correct Answer: Long-term debt
Explanation: Long term debt is generally cheapest for two reasons: 1) the interest rate on the debt is tax deductible and 2) debt is repaid first so it has less risk involved.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[laxman06]

Am I the only one who does not feel like they understand or retain anything while reading the book? I feel like I really start making progress during MCQ but when I read the book, nothing.

[mckan514w]

your nor alone @laxman06 BEC is truly hideous… and to make you feel better this is my second go round with it and some of it I still don't understand and retain when reading through my notes and book… hang in there.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[mtaylo24]

@laxman06, I didn't even bother reading this go-round, such a waste of time. Best of luck

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[mtaylo24]

I said I was going to drop Ninja, well I lied. I just finished Gleim and starting back up felt like a waste of time. I'm all over the place smh!

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[mckan514w]

LOL that makes two of us mtaylo24! ha ha ha I have spent the day jumping from Ninja to Rogers to cpareviewforfree to the “trial” 40 questions that Gleim give you….

I think the truly sad thing is I feel less prepared this go round then I did the last and even contemplated moving my exam today but then had to ask myself would an extra week or two really help me or just cause me to sit here and spin my wheels some more…

I TRULY TRULY TRULY HATE BEC

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[mtaylo24]

^^^Lets recap – I've used 1.) Becker HW 2.) Becker Final Review 3.) Wiley 4.) Gleim and 5.) Ninja…the crazy thing is that each program has their own philosophy and I don't know who to trust!

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[mckan514w]

I hear ya mtaylo- sad thing is I am already starting to think about which review material I should use for my next re-take… I swear I MUST pass this thing before it changes in April– I can only imagine the special sort of hell the new exam with SIMs and DTSs is going to be…

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[FARISFUN]

When are you guys taking BEC?

[mtaylo24]

@Farisfun Saturday for me

@McKan514w – Hang in there homie, you go this! Just treat Ninja like its an addicting video game like candy crush until test day.

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[mckan514w]

LOL mtaylo if ONLY candy crush could impart BEC wisdom into my brain- ha ha ha

@farisfun I go first thing Thursday morning…

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[FARISFUN]

@mckan514w and @mtaylo24 wow we are right in a row. I am taking my Friday. How are you guys feelings about it?

[Author]

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