[jeff]

FAR Resources:

Free FAR Notes & Audio – https://www.another71.com/cpa-exam-study-plan

FAR 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

FAR Score Release: https://www.another71.com/cpa-exam-scores-results-release

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[mypetmeatball]

Just took Becker practice exam #1. I told myself that I would do simulations all day but that exam was so mentally exhausting I need to relax for a few hours. As expected, I sucked on the sims because I've done almost no preparation for them. I really need to get my journal entries straight if I want to do well on the exam. I did better on the MCQs than expected though. The first testlet was so wordy and complicated, it took me over an hour, which scared the hell out of me. I got to the sims with ~90 mins left and that was ample time, but the sims on the exam are probably much more complicated.

Testlet 1: 67

Testlet 2: 90

Testlet 3:83

“Accounting Changes” sim – 87%

Nonmonetary Exchange sim – 63% (DAMMIT, i thought i nailed that topic finally)

A/R tab: 0 (knew I was screwed, couldn't remember how to do it for the life of me)

EPS tab: 100

“Recording Lease” tab – 100

“Reporting” tab – 62

Research – 0 (DAMN YOU)

Can someone that has taken the Becker practice tell me if they got that research question right or not? The correct answer was 410-20-25-4 and I said 410-20-25-10. I feel like both sections satisfy the question, even now looking at it.

[mypetmeatball]

Oh sheeeet nvmd, I got a lot of credit taken off the nonmonetary sim for leaving cells blank 😮

[mypetmeatball]

Here's an example of the type of crap that annoys me about the CPA exam.

Which of the following would be considered an element of comprehensive income?

I. Operating losses

II. Revenues

III. Foreign Currency Translation Adj.

I said that revenues are not part of CI. Revenue is part of NI, which is part of CI, but revenue is not in of itself a component of CI. In fact, the reason I did this is because I DISTINCTLY remember a Becker question from the HW being like “HAHA U FOOL NI COMPONENTS R NOT DIRECT COMPONENTS OF CI SO IT DOESNT COUNT U IDIOT”. But now, on the practice exam, it apparently does count. That kind of stuff messes me up so bad.

[StephAV]

Not bad, mypetmeatball! From what I've read people are generally scoring better on the actual exam than on the Wiley practice tests so I'd think that Becker would be the same.

I on the other hand, did a set of 30 mcq's on the Wiley Test Bank today and the website was having issues. It didn't save a bunch of my answers and that resulted in a score of like 36%, not what I want to see… I started reviewing and I see that a bunch of the answers just didn't get saved. This sheeeet is going to skew my data. 🙂

FAR - 7/13 - 72, 11/13- 74, 2/14- 82!!! Best score ever (for me)!!!
BEC - 1/14 - 75!!! Perfect score! First Pass! YAY!!!
AUD - 8/14 - 80!!!
REG - 5/14 - 72, 10/14 - 66, 1/15 - 78 - DONE FOREVER!!!
I did 5 of the UNA and CPAExcel classes to earn units.

[Mike1987]

@mypetmeatball, nice scores! I have usually done much worse on Becker finals except REG. Goodluck in 2 days I'll be rooting for you.

[MinSeokYi]

@StephAV

I just did that question as well and got it incorrect!

I sure did forget basic definitions.

BEC: Passed
REG: Passed
FAR: Almost Past (lol)
AUD: I thought I passed with flying colors, but I wasn't close!

[Tncincy]

I am working on MCQ's. Far testing 7/31 am I starting too early? How do you not feel crappy after getting so many wrong? I went through all the videos, I feel very ignorant right now.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[mypetmeatball]

Wow Becker, good going.

https://i41.tinypic.com/dfv8k9.jpg

[Mike1987]

It's clearly all your fault for picking #3 instead of #2.

[Anonymous]

Hey guys…quick question…

For pensions…I get most everything about pensions except for this one important detail:

How do you know which return on plan assets calculation to use when the question doesn't specify? EXPECTED vs. ACTUAL return on plan assets.

I know how to calculate both, I just don't know WHEN one should be used over the other. HELP PLEASE!

[NYIACCT89]

@CPA4birthday not sure if you use becker but if you do the expected return on plan assets is used as the “R” in the SIRAGE calculation of net periodic pension cost. If there was a difference between expected and actual in the year in question, that difference is transferred into the unamortized pension gain/loss balance in OCI.

FAR - 7/1/13 - 98
AUD - 8/31/13 - 94
BEC - 11/23/13 - 89
REG - 1/13/14 - 86

Study Materials:
Becker - Online Course and Flash Cards

[Mike1987]

@CPA4birthday. I guess you mean which one we use for the calculation of net periodic cost? Then I'm pretty sure we always use expected unless the question states to use actual.

[zakahracw]

@tncincy, don't worry. I and many know just how you feel. The HMWK is meant for us to learn. So look up the answer if you have too but take a few notes. It is time consuming don't let others tell you otherwise. I came into this think I could study only 120hrs. Not true at all the Becker Modules alone are like 15hrs and that doesn't include reading and taking notes. So go at your own pace and you will get it.

~Z

"Live your Best Life"

[Tncincy]

@Zakahracw

Thanks, I was beginning to think my question got lost in the shuffle. I started doing questions anyway. I started a new notebook and going topic by topic. I decided not to worry about getting them wrong right now, but I will be getting them right as I keep working. I guess that's the whole point of doing the questions until you puke…… I am twenty days til testing so that's it for the videos I won't be going back. MCQ's here I come……non stop.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Anonymous]

Thanks NYIACCT89 and Mike1987 🙂

[Author]

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