[jeff]

SO I know every test is different but does anyone have any insight on what has been heavily tested recently? I take the exam Monday and I need to narrow my focus….Thanks!

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

[Determined CPA]

Gabe – I'm sure the questions didn't appear to be getting harder bc you know the material! honestly, ive never felt like my testlets got harder. Ever.

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.

[Gabe]

@determined thanks! I sure hope so. I never want to see far again

CPA, CFE
CISA- Experience will be completed by August 2016

[mb0363]

Just got back too!

I marked 7 MCQ in each testlet, not because I didn't know them, but because I wasn't 100% sure.

I saw lotsssss of calculations with a mix of conceptual and easy questions. The questions were getting wordier as I progressed.

I felt comfortable with 4 sims. 3 of them not so much, had to use the AL for guidance and even that didn't help that much….

Overall I feel like I passed?!?!

Well see on December 9th. Don't wanna get too comfortable. Good Luck to all my Q4 buddies.

BEC - PASS
AUDIT - PASS
REG - PASS
FAR - PASS

[Gabe]

I didn't have a lot of computations, even in the first testlet. Now I'm nervous :/

CPA, CFE
CISA- Experience will be completed by August 2016

[Determined CPA]

mb0363 such a good feeling to have!!!

Gabe everyone gets different tests – don't judge based off others experience. trust me, I honestly never thought my testlets were getting harder and my questions never got wordier, not even for audit, which is very common if you're doing well. Im sure you did very well!!

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.

[Determined CPA]

Question:

In the ninja notes, it says interest expense – interest on projects (software) for internal use is not expensed, but is instead capitalized.

In my notes I have that software costs are expensed (planning design, coding) until technological feasibility and then after that, capitalized.

Are both true: Are software costs expensed until tech feas but interest expense on these software costs always capitalized?

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.

[Anonymous]

Alright… I just took my first Becker practice final and I think I am officially in shock.

Right now, I just feel like there is no way I can remember all of this. I study one thing, and then something else leaves my brain and I just keep going through this. Does anyone have some advice for reviewing the material overall? Particularly leases, pensions, monetary/non-monetary exchanges.

[salring]

@Clark I feel exactly the same way and just want Wednesday to get here so that I can get it over with.

[thelonewolf527]

About to finish up my 2nd go-through of all of the material in Becker and I once again feel like I've forgotten everything. Didn't have anything remotely like this when studying for Audit

AUD - 08/04/14 - 83
FAR - 11/29/14 - 80
REG - 02/26/15 - 89
BEC - 05/30/15 - 86

DONE!

[Anonymous]

I don't want to take the exam!!! I don't remember many of the things… I will take it in February, Not studying in Christmas!!

[Determined CPA]

In the debt service fund, it says that payment of interest and principal on all general obligation debt go into this fund. however, sometimes I get questions and the answer says to put the interest in the general fund. can someone please explain which interest goes to which fund?

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.

[OnMyWay732]

@Determined…I'm not positive but I believe interest for the General Fund is from investments only. Interest in the Debt Service is on debt. Interest in the Permanent fund I feel is too broad to be tested on

AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81

DONE!!!!

Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"

[Ssbknyc]

Should be a fairly easy question, but thought prepaid assets is DR for all prepaid over the life of the service and decreased as you pay. Can someone explain briefly. I picked 24 months

The premium on a three-year insurance policy expiring on December 31, Year 3 was paid in total on January 2, Year 1. If the company has a six-month operating cycle, then on December 31, Year 1, the prepaid insurance reported as a current asset would be for:

a. 12 months.

b. 24 months.

c. 6 months.

d. 18 months.

Explanation

Choice “a” is correct. The minimum operating cycle for purposes of reporting a “prepaid” current asset is one year (or 12 months).

Choices “c”, “d”, and “b” are incorrect. (Only) one year of a prepaid item such as insurance which may be prepaid for the next 2 years would be reported as “current.”

Done 08/2014-08/2015

[Determined CPA]

thank you OnMyWay732

Ssbknyc – I think this question isn't focusing on the prepaid portion, but rather on the operating cycle. the operating cycle is AR turnover in days + inventory turnover in days. AR and Inventory are both current in nature, therefore 12 months….

that question is worded poorly!

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.

[Ssbknyc]

@Determined CPA, ahhh got it.. it says reported under CURRENT assets. Those that create this exam are something else.

Done 08/2014-08/2015

[Author]

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