[Anonymous]

Becker Question –

I don’t know what else to say other than today on my birthday I finished the chapter on transaction cycles. Something else I have to say is that I am RIDICULOUSLY CONFUSED. I took the homework of about 100 questions afterwards and scored a 50%, WAY lower than what I’m used to (mid 70s to mid 80s). I reread the material again after the lectures too.

I’m scared of the possibilities of failing AUD because of not grasping these concepts. I honestly felt clueless when watching the lecture and doing the homework/rereading. Anyone else feel this way? Anyone have any advice or guidance?

How much of the exam will be comprised of questions on transaction cycles likely? Is it possible to pass with a not so great understanding of them?

Sorry for the long post, I’m just disheartened. I felt confident up until this point.

[momto5]

I completely felt the same as you did last week when I was finishing these. I felt even worse after doing all the SIMS that Becker provided, although now I am glad for the practice. As with most of this stuff, the more one practices, the better it gets. I am now in chapter 5 and feeling so confused about deviation rates and some of the sampling risk stuff that chapter 4 seems like a piece of cake! (well, not quite, but almost). I trust that this will also get better as I go.

Do not be disheartened! We all have days in which we feel overwhelmed and think we will never get this stuff. Then somehow, with hours and hours of practice, it usually starts to make sense. At least I am hoping this audit stuff will make sense at some point! lol

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[Keely]

Don't stress about it! I scored a 63% the first go around on A4 MCQs. I cried…a lot. It WILL start making more sense to you, but my advice is to try to understand from a logical standpoint rather than the Vouch (down) Trace (up) thing Becker gives you. It made me get more questions wrong than right in the HW because they use the words interchangeably. Think about it…if you're searching for an unrecorded liability, you're not going to start with the journal or records, because nothing would be there, therefore you wouldn't find anything. You start with the source docs. If you're checking to see if something is recorded, you always start with the source doc and trace to the journal. If you're checking for existence, you're always starting with the journal/record and then going to find some evidence that the transaction actually occurred.

As far as all the random questions they throw in about repairs and maintenance account, etc., don't worry about it. Focus on the larger concepts and you'll be fine. I will say, for my exam, I stressed entirely too much about A4 than it was worth. If I were you, I'd focus much more on A3 and being able to translate that into working a SIM or two. Good luck!

BEC: (4/2012) 88
AUD: (5/2012) 91
REG: (8/2012) 82
FAR: (1/2013) 78 🙂

VA CPA #42010

[momto5]

By the way DavidB1990 – HAPPY BIRTHDAY!!!

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[momto5]

By the way, DavidB1990 – HAPPY BIRTHDAY!!!

Thanks for the tips, keelydare1 – appreciate the encouragement.

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[Anonymous]

Thanks guys, I feel very blessed to have a community here at Another71 that understands what I'm going through. I hope we all pass this terrible exam once and for all and never dwell on it again.

I get very frustrated when someone not going the CPA route in life asks what's so hard, you just have to study.

Thanks for the birthday wishes! I really do appreciate it!

[Author]

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