REG – Exam Prep - Page 131

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  • #372790
    RARCPA
    Member

    So, I started studying business law section of REG and I am crushed!! I am scoring on average 60 on MCQ on business law 🙁 Can anyone advise on how to tackle business law portion of REG??? Why do I find it so difficult? I use the same method that I used for FAR and AUD. I listen to lectures, read the book and do MCQ. A lot of people here find tax section to be difficult. I on the other hand, find it a blessing compared to business law. Does anyone else feel this way???

    FAR 7/10/2012 - 93
    AUD 08/28/2012 - 93
    REG 10/16/2012 - 93
    BEC 11/26/2012 - 88
    ETHICS 12/01/2012 - 93
    Done!!!!!!!!

    #372791
    Serena
    Participant

    RARCPA,

    I feel exactly the same about Business Law. I have Jeff's REG audio and I usually listen to it when I have a few spare moments(driving to work, etc) but tend to really zone out during that section. There's a reason we are accountants and not lawyers, right? I literally go cross-eyed when reading some of the MCQs for business law, too. Jeff, HELP US!!

    AZ
    AUD - 10/20/2011 - 77
    BEC - 7/28/2012 - 79
    FAR - 4/6/2013 - 79
    REG - 4/18/2013 - 75 (3rd time's a charm!)

    #372792
    RARCPA
    Member

    Spotter86,

    Thanks for your input!! I thought I was the only one that found Business Law so borring and hard to comprehend. At least now I know that I chose the right profession for myself; I would be a terrible lawyer!!! Studying for FAR, AUD and Tax was way more fun that for Business Law….. Oh well, I guess I need to start cramming this part really hard, as it is definitely my biggest weakness right now….

    FAR 7/10/2012 - 93
    AUD 08/28/2012 - 93
    REG 10/16/2012 - 93
    BEC 11/26/2012 - 88
    ETHICS 12/01/2012 - 93
    Done!!!!!!!!

    #372793
    Anonymous
    Inactive

    I have a few questions for ppl taking REG…

    1. I am using the becker 2011 study materials… Is this ok for taking the test now… the sims were nothing like the ones on the test

    2. I have heard (and kind of agreed) Becker is not the best study material to use for reg… what do ppl recommend using to study?

    #372794
    kh217
    Member

    I failed REG with a 73. I have been using CPAexcel— any advice on what to supplement with this time around?

    I felt OK about the multiple choices questions, but my sims were nothing like the ones on the CPAexcel practice exams.

    BEC: 84 (Becker Self-Study, WTB)
    AUD: 97 (Becker Self-Study, Ninja Audio, WTB)
    REG: 73 (CPAExcel), 85 (Becker Self-Study, Ninja Audio, WTB)
    FAR: May 5(Becker Self-Study, WTB)

    #372795
    Katydid
    Member

    kh217-We're in the same boat. I failed with a 72. Simulations are what got me, and I've been using becker. Although, I can't complain about becker, I think they did an adequate job with simulations. I failed to spend more time on them. I've been debating doing the Wiley test bank. It has over 1100 MCQs and 40 simulations.

    B-74,84 (Expires 1/31/14)
    A-79 (Expires 7/31/13)
    R-72,83 (Expires 4/31/14)
    F-80 No more expiration worries, I'm Done!

    #372796
    kh217
    Member

    Katydid- Yeah I think I am going to get the Wiley test bank. I feel like I've memorized the answers to too many of CPAexcel's questions, so I think it would help!

    BEC: 84 (Becker Self-Study, WTB)
    AUD: 97 (Becker Self-Study, Ninja Audio, WTB)
    REG: 73 (CPAExcel), 85 (Becker Self-Study, Ninja Audio, WTB)
    FAR: May 5(Becker Self-Study, WTB)

    #372797

    I am a CO-registered Middle East-based candidate currently preparing for REG. I would like to seek your opinion if review materials (CPAexcel and Wiley Testbank) would be sufficient to prepare for the tough REG. I am thinking of supplementing my materials with a textbook on Tax, but do not know if this is a good idea, noting that I intend to take the exam around 22nd or so in Nov. When I took FAR I never imagined that questions would be limited to test of basic concepts, with only a handful that one may consider challenging. Is it also the same for REG?

    FAR - Passed
    BEC - Passed
    AUD - 23 Aug'12 PASSED!!! Thank You, God!
    REG - Exam in Nov'12

    #372798
    OnMyWayToCPA
    Member

    How long are you all giving yourselves to study for REG?

    I had my schedule down to 8 weeks for FAR and 6 for REG but its looking like I may need 9 weeks for FAR which will only give me 5 weeks for REG

    Is anyone studying for REG for 5 weeks or less? I work full time so I could probably only bank about 130 hours of study time total.

    Or should I just ramp it into high gear for FAR and take it as I originally scheduled it?

    B - 79 PASSED (1/4 there!)
    A - 77 PASSED (1/2 there!)
    F - 79 PASSED (3/4 there!)
    R - 83 PASSED (DONE!!!!!!)
    Review Course: Lambers , Wiley and Ninja

    #372799
    Anonymous
    Inactive

    REG is my first retake and was wondering how did some of you pass it the 2nd time around? These are my strategies the 2nd go around.

    – Reread Becker book with emphasis in tax areas.

    – Purchase Wiley test bank to supplement with Ninja Notes ( did not use to my advantage the first time around even though I had it)

    – Focus on weaker areas: property transaction/estate/trust, mainly tax portion since i did well in blaw

    Are there anything else I should do differently that you guys would like to add? I plan on retaking it at the end of October or maybe sooner. Thank you!

    #372800
    Keely
    Member

    @CPAski, I would read the Becker book multiple times and take notes while you go. It's a painstaking process, but worth it. Redo the MCQs a few times and figure out your weaker areas.

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

    VA CPA #42010

    #372801
    UteCPA
    Member

    F**K REG. It is my last test and I just found out I got a 72. I used Becker 2011 materials. How do you all suggest I go about getting ready for the retake?

    FAR: 90
    AUD: 88
    BEC: 88
    REG: 72, 85
    I am done!

    #372802
    Anonymous
    Inactive

    @ute, i got a 71 my first time taking REG.. on my retake i just went through all of the MC again and took progress tests. its already fresh and your not far away from passing, so going through everything a few more times should solidify it for ya

    #372803
    srope
    Member

    Ok, I recently took all four CPA exams in the last window and was fortunate enough to pass all of them but REG where I got a 74. And now I have a few questions that I was hoping you all may be able to clear up for me.

    1: Can nonrecourse debt increase a partner's basis?

    2: Unrelated business income of exempt entities I found to have very ambiguous questions. Can anyone help clearly define what exactly I may consider unrelated business income? i.e. if I operate a business for disabled people but it is also open to members of the public for a fee that fee revenue would then be considered UBI, correct?

    FAR-85
    BEC-84
    AUD-77
    REG-74,86

    #372804
    Anonymous
    Inactive

    I'm about to start studying for REG, my final section, for the first time today. I'm scheduled to sit Nov 2nd but I might move it up to October 20th. I need to see how well I progress from now up until Oct 1 though.

    If it's any easier than FAR then it shouldn't be an issue.

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