[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

[mckan514w]

e_griffin87— I could very easily be wrong here but I don't think “average” should have anything to do with ROI. ROI you are looking for your rate of return for the period on some sort of investment. So

ROI= NI / Investment
or
ROI= Revenue-COGS / COGS
or
ROI = (gain from investment – cost of investment) / cost of investment

Someone please correct me if I am mistaken so i can go back over this in review!

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

[Anonymous]

@mckan514w. That's whats so confusing about a simple formula, because Dupont ROI is Asset Turnover x Return on Sales. Am I correct?

Dupont ROI:
(Sales/Avg.Total Assets) x (NI/Sales). Which would basically be NI/Avg.Total Assets.

BUT, ROI can apparently also be NI/Investment.

Just need clarification because I think I've missed questions on previous BEC exams because of this. Someone help.

[mckan514w]

@e_griffin87-no you are right that ROI can be calculated using the Dupont… but I again think especially if only one number has been provided that you do not average. So it would just be NI/Total Assets. Because it is not like you would take that number given and average it with 0… unless the question read something like they had 0 assets to begin with. Or something screwy like Beg of period they had total liabilities of X and total equity of X thus allowing you to find the total assets for the beginning of the period.

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

[Anonymous]

@mckan514w. Thanks for the help. If only one number is given, I won't average it with 0 (which did seems silly to me). I was pretty sure that if only one number is given then I would just do NI/Asset, just wanted to make sure before my exam this Saturday. I've taken BEC 4 times already and it's little things like this that can the be difference in getting the wrong or right answer to such a simple question. Because they will give the answers to both…BEC is the hardest exam to me by far even with the 85% MCQ, 15% WC ratio. I think it's because the topics are not connected. Like Corp. Gov has nothing to do with Econ, which has nothing to do with IT, and so on.

[mckan514w]

Oh man I totally hear you @e_griffin87!! I was so ANGRY when I failed it the first time because it is such a struggle for me and I could not believe I had to re-study for it. I will be FURIOUS if I don't pass it this go round _ I just don't know if I can study for it again 🙂 GOOD LUCK!!!

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]

Hey everyone,

I am currently studying for BEC and plan to take it here in a couple of weeks. I was just wondering about peoples experience on this exam. Was it more conceptual, or more computational? I realize everyones tests are going to be different but just wanted to hear about peoples experience. Also, does anyone have a good format that they use for the written communication portion of the exam?

[Teal]

So far to me this test is harder than the others! It is so conceptual, I feel like I really have to think hard to figure out how certain things link to others :O

FAR (66,68) Aug 26
REG (66) July 25
AUD (66) December 1st
BEC - October 3rd

[FARISFUN]

@Teal Geiger I agree but then there are so many different formulas that you have to remember for calculation problems. Its absurd. FAR was a lot more material but you didn't have to know every last detail.

[Teal]

@FARISFUN totally. This test seems like it'll be a bear, even though everyone says it is the easiest? Maybe just because less material, but that doesn't mean anything when the concepts and formulas are more difficult.

FAR (66,68) Aug 26
REG (66) July 25
AUD (66) December 1st
BEC - October 3rd

[FARISFUN]

@Teal Geiger What study material are you using?

[mckan514w]

BEC may be the death of me I hate it so much and do not understand how everyone says its the easiest! @farisfun –I would have to say that my first take was definitely more computational than conceptual however it was deceptively computational- if you didn't know the concepts behind the question than there was no way you were going to get the answers correct- meaning you not only needed to know the formula but how and why the formula was derived. The questions were not as long and involved as a lot of these practice questions however they also were not as straight forward meaning there was a lot of missing information that you needed to know 1.needed to be in there to compute and 2.how to compute it to get there. There was also a TON of IT on mine but not a lot of COSO. The truly scary thing to me is the fact that I have read other peoples experiences where there exams were the exact opposite of mine- very conceptual little computations and heavy COSO…. meaning you just never know what the heck you are going to get so you better know all of it backwards and forwards.

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]

My first take was an IT, COSO, & Econ Nightmare, I got weaker on those and comparable/stronger or the rest.

My second take was a Cost accounting/finance/budget nightmare, I got weaker on those and comparable/stronger on the rest.

Just prepare for everything.

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 live in fear of a IT COSO ECON one….

thinking of can anyone help explain to me the difference between monopoly and monopolistic competition?????

not really seeing or understanding a difference! thanks!

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

[Teal]

My test is Monday! Now I am really scared, yikes! Here's hoping for a COSO one haha.

@FARISFUN I have Roger, but am pretty much solely using NINJA. I have an easier time with bullet pointed info versus long chapters of info.

FAR (66,68) Aug 26
REG (66) July 25
AUD (66) December 1st
BEC - October 3rd

[RE2PECT]

I'd check out the Ninja Plus videos for cost accounting if you're having trouble with some topics. It helped clear things up for me with process costing and the FIFO method. Going to watch a few more videos on topics that are still giving me trouble. They're free for the rest of the day.

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[Author]

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