[Q2] BEC Study Group 2014 – Thread #2 - Page 5

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  • May 29, 2014 at 11:53 pm #559652
    scarletknight91
    Member

    lol soory determined ive been enjoying being free. i thought the testlets went med-hard-med so hopefully i did well enough to pass. writing was doable but it took me to the end

    FAR: PASSED
    REG: PASSED
    AUD: PASSED
    BEC: PASSED

    DONE

    May 29, 2014 at 11:54 pm #559653
    scarletknight91
    Member

    good luck to you determinded and have fun in fair lawn! thankfully no one showed up taking the exam blowing their nose inside the testing room this time haha

    FAR: PASSED
    REG: PASSED
    AUD: PASSED
    BEC: PASSED

    DONE

    May 29, 2014 at 11:56 pm #559654
    Determined CPA
    Participant

    Sounds like you passed! Don't forget to check in on us tonight and tomorrow. You usually know how to answer our questions!

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    May 30, 2014 at 12:10 am #559655
    Anonymous
    Inactive

    Does anyone have access to the 2013 AICPA released questions for BEC? I used to google them but nothing comes up, not sure what happened. I have the questions through Roger but it doesn't come with answers/explanations.

    May 30, 2014 at 12:32 am #559656
    KimCPA68
    Member

    Hi all, this is my first post. I hope everyone is doing well. I took AUD a couple of weeks ago and BEC is next. I am using CPAexcel and Wiley books. Right now I am on the intro sections which deal with COSO, SOX and I/C. I think Economics lessons are next. How are you all studying for this test?

    AUD - 80 (Passed 5/14)
    BEC - 8/14 or 11/14
    FAR - TBD
    REG -TBD

    Tell yourself out loud "I can do this!"

    May 30, 2014 at 1:17 am #559657
    Anonymous
    Inactive

    And done……….

    May 30, 2014 at 1:19 am #559659
    Determined CPA
    Participant

    BalanceALLtheSheets I have them but how do I share them with you?

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    May 30, 2014 at 1:21 am #559660
    scarletknight91
    Member

    KimCPA68 are you planning to take this thing by the 31st?..

    FAR: PASSED
    REG: PASSED
    AUD: PASSED
    BEC: PASSED

    DONE

    May 30, 2014 at 1:31 am #559661
    Anonymous
    Inactive

    Determined CPA – good point, I was thinking they might be in a link but the ones I found before were PDF's :/ I guess I'm SOL on those, but thanks!

    May 30, 2014 at 1:34 am #559662
    Determined CPA
    Participant

    idk if you want to post your email address…can we do that on this site? I have them in pdf I can email them to you

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    May 30, 2014 at 1:34 am #559663
    Determined CPA
    Participant

    my pdf copies have answers/explanations

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    May 30, 2014 at 1:51 am #559664
    Determined CPA
    Participant

    Willis, Inc. has a cost of capital of 15 percent and is considering the acquisition of a new machine, which costs $400,000 and has a useful life of five years. Willis projects that earnings and cash flow will increase as follows.

    After-Tax Cash Flow

    year 1 $160,000

    year 2 140,000

    year 3 100,000

    year 4 100,000

    year 5 100,000

    What is the payback period of this investment?

    Answer: 3 yrs

    My question is: if the payback method is Net Initial Investment/Increase in annual after tax cash flow, why don't we consider the depreciation shield? I understand that we don't discount (unless discounted payback) but im still not sure why we don't factor in the depreciation shield?

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    May 30, 2014 at 2:16 am #559665
    MrsBing
    Member

    This one looks familiar. I believe since the tax rate isn't given, it's implied that the depreciation shield is included in the after tax cash flow.

    Becker, Wiley Test Bank, and Ninja 10 Point Combo!

    FAR: 89
    REG: 87
    AUD: 92
    BEC: 75
    Ethics: 90

    Licensed Arizona CPA

    May 30, 2014 at 2:18 am #559666
    Determined CPA
    Participant

    oh, yeah, that makes sense. thank you. Hows studying going? what are you focusing on this late in the game?

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

    May 30, 2014 at 3:04 am #559668
    MrsBing
    Member

    Going ok, spent the early part of the day doing ninja MCQs. Reviewed notes and formulas. Now I'm back to Becker reworking all questions I got wrong. I needed a break from ninja. I'm just all over the place, not really focusing on one subject.

    Becker, Wiley Test Bank, and Ninja 10 Point Combo!

    FAR: 89
    REG: 87
    AUD: 92
    BEC: 75
    Ethics: 90

    Licensed Arizona CPA

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