[Mmilito]

Does anyone have any tips on working on the flowchart in Module 3 of the Wiley audit book (pg. 207) i’m pretty good with the first one on pg. 205, but then the difficulty gets ramped up, anyone have any ideas?

FAR 92
AUD 91
BEC 11/06/2011
REG 02/01/2012

[IwannaBaCPA]

I have no clue what that is, can you give us an idea? I am guessing it is a flowchart of some sort of transaction cycle? Becker lectures did a good job of highlighting the key elements, so maybe I can help if you tell me what the Module is…

BEC: 79 - April 2011
FAR: 78 - May 2011
AUD: 81 - May 2012
REG: 79 - October 2012
Ethics: Passed - March 2013
I am finally DONE!

[Mmilito]

Its a flowchart of sales, computer processing department and warehouse and shipping (revenue cycle). I wish I could describe it more but its very complex

FAR 92
AUD 91
BEC 11/06/2011
REG 02/01/2012

[IwannaBaCPA]

I am not sure I even saw something like that in Becker…I mean Becker had a few flowcharts, but I am not sure how much time you need to spend totally understanding everything about them. You are way more likely to have a general question related to segregation of duties or testing an assertion, so I would focus on understanding how those things are illustrated in the flowchart.

I just took AUD today and I see you only have a few days left…it wasn't as bad as FAR, but it wasn't a breeze. You passed FAR, so I am willing to bet you will pass AUD too…Good Luck!!

BEC: 79 - April 2011
FAR: 78 - May 2011
AUD: 81 - May 2012
REG: 79 - October 2012
Ethics: Passed - March 2013
I am finally DONE!

[Mmilito]

https://books.google.com/books?id=UcJMKwvIIbUC&lpg=PA615&ots=1Xbcm4tDxS&dq=Audit%20flowchart%20computer%20processing%20sale%20warehouse&pg=PA207#v=onepage&q&f=true

It takes a moment to load but pg. 207 and that monster

FAR 92
AUD 91
BEC 11/06/2011
REG 02/01/2012

[IwannaBaCPA]

OMG! Uhm, I wouldn't even attempt to understand that! Wow, seeing that book makes me glad I have Becker…sorry to say it! I can't see how understanding that chart is valuable to you in your final days of studying…oh and btw, I CAN'T help you with that!!

BEC: 79 - April 2011
FAR: 78 - May 2011
AUD: 81 - May 2012
REG: 79 - October 2012
Ethics: Passed - March 2013
I am finally DONE!

[Mmilito]

I honestly believe that if I see something like that on the test it will cripple me for the other 6 sims, I am doing much better on the other sims tho (85% Sims and 85% on the MC)

FAR 92
AUD 91
BEC 11/06/2011
REG 02/01/2012

[IwannaBaCPA]

Well…you always have the research function and you will likely have plenty of time to use it if need be. I personally don't find practicing Sims to be all that helpful since the ones in the exam are so different from what the review courses prepare you for. I decided to concentrate on MCQ and making my own notes and I felt pretty prepared for most of what I saw today…

Make sure you are scoring well as a result of your level of comprehension and not because you are getting familiar with the questions the 3rd, 4th, 5th time around…

GOOD LUCK!!!

BEC: 79 - April 2011
FAR: 78 - May 2011
AUD: 81 - May 2012
REG: 79 - October 2012
Ethics: Passed - March 2013
I am finally DONE!

[anonymous]

And you'll also have a dropdown menu. When you think about that, it doesn't seem so bad. You know what the different shapes mean, and you know what happens in a business cycle, so you should be fine. Good luck!

REG -- October 3!!
FAR -- Pass
BEC -- Pass
AUD -- Pass

[Anonymous]

@IwannaBaCPA- It is possible that a flowchart could be asked on a TB Sim. Though it's highly unlikely, it's still possible.

You don't have to memorize the flowcharts. You just have to know how to read it. A good review course should teach you how to read a flowchart. It really is much easier than it looks.

[Author]

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