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I’m baccccckkkk…….I gotta say, ‘what the heck?’. Took my BEC exam today.
Working backwards, the writing assignments were manageable. 1 was from the industry I used to work in so it better darn well not be the toss out question. I don’t think it will be. The other two were on the same very difficult and obscure topics that I had in my auditing sims. But I managed to get enough in them to get all the points. OH and here’s something that I didn’t see anyone suggest: DATE the memo/letter. I’m not sure if it will add points but it shows I was thinking.
Now for the test, I feel cheated. I worked Wiley over like Rocky did that side of beef learning and relearning all that information and computations about capital budgeting, ratios, time value of money, weighted average of debt, etc. etc. etc. . I am not saying they weren’t there but WILEY was 1,000 times more difficult than the actual test. Exponentially harder. It was like I trained for the SAT and had a middle school pop quiz. I will say that my decision to retype the notes at the expense of spending more time on Wiley computations ended up saving the day.
The exam seemed like it got harder after the first section, but then again what defines hard? All in all, I left the exam feeling very confident and going “Why the he!! did I study so hard?”. It seemed like a shotgun approach to question selection and the only thing I can say (without violating anything) is know IT….but even it was infantile. Anyone who turned on a computer could have answered these questions. I wonder if I couldn’t have passed this exam without studying at all….perhaps except for terminology.
Here’s one real beef that I had related to a ratio question…come on, everyone knows that there will be ratios on the exam, says so right there in the book. The exam used a generic term for a ratio that could have been two or three different ratios…let’s just say it id’d the ratio by its numerator name but didn’t specify which ratio it actually wanted. Once you got the ratio, you had to do something with it…but how can you because I calculated the various possibilities for the real answer and came up with two different directions I could go.
If I didn’t pass this, I will want to know how. Of course I thought I failed audit and sprung an 87. So I might get a 47 on this one.
I’m going to go collapse.
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