REG- Completed contract and % of Completion formulas

  • Creator
    Topic
  • #172518
    gans555
    Member

    Can somebody please post these formulas for me. They are not in the Wiley book. Also, can anyone add any useful tips or context in which I might see these on my REG test next week? Thanks in advance.

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  • #356305
    porschify
    Member

    Is this on the REG exam? I dont seem to remember it being on the CSO. I know its definitely covered in FAR as I was just reviewing those items last night.

    REG- 81
    BEC- 72,76
    AUD- 67,88
    FAR- 78

    Done!

    #356306
    joe35y
    Member

    I think you just need to know the AMT difference between percentage of completion vs Completed contract.

    I don't think you will be asked to calculate it?

    REG - 79
    FAR - 81
    BEC - 84
    Aud - 85

    I'm a CPA!

    #356307
    gans555
    Member

    o ok thanks guys. I know it's on FAR but I thought I heard someone say it was on REG too. But never mind, I'm just gonna take my chances.

    #356308
    Anonymous
    Inactive

    Yea, it was on FAR and you would need to know how to calculate it. For REG, I'm assuming they just give you the difference on the exam judging by the MCQ.

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