[jeff]

NINJA Study Notes, Flashcards, and Audio: https://www.another71.com/products-page/

Wiley Software: https://www.another71.com/wiley-cpa-software/

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

[needtopassthis]

@hopeful_cpa

Thanks for the advice I really appreciate it…it's just so hard to stay motivated. Sorry about REG, but in regards to AUD i have it scheduled for Feb of 2012 that was a typo on my end..my bad. I like Roger a lot as he keeps the lectures upbeat. I'm a recent college graduate and start my job on Nov. 1st so I am trying to squeeze in the two exams before I start. So I am hoping for the best!

Just remember some of the biggest risks reap the biggest rewards!

Hoping, wishing, and praying...

FAR - not yet scheduled
AUD- (2/28/12)
REG- (10/27/11)
BEC- 73 (8/11/11), (10/29/11)

[hopeful_cpa]

corp tax is kicking my butt right now =/

BEC: Done
REG: Done
AUD: Done
FAR: Done

I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[yankeeaccountant]

Hey guys…. I am sitting on 11/1. Now it is down to the wire. I just got the Roger cram today–he is a nice departure from Yaeger and Becker. I am struggling with B-law. I have to nail Contracts and Sales.

Best of luck to you needtopassthis and hopeful_cpa!! let's knock REG out of the way!!!

[hopeful_cpa]

can somebody do me a huge favor and explain a sec 351 exchange for me please?

i thought that the people that transfer land or property to a corporation must have 80% control immediately after formation for it to be a non-taxable event, carry over basis carry over holding period.

if two people form a corporation, one person buys 50% stock with cash and other exchanges land for 50% stock, then will the exchange of land be considered a sec 351?

BEC: Done
REG: Done
AUD: Done
FAR: Done

I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[hopeful_cpa]

nvm.. i got it!! lol i feel stupid now… i guess it doesnt apply if one of them offers services for stock. thanks anyways. =)

BEC: Done
REG: Done
AUD: Done
FAR: Done

I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[yankeeaccountant]

@hopeful_cpa

I did the same. I left my job in February. Passed BEC and FAR. Thought I would be back working (I was budgeting 5 months off) but here I am…..taking REG and then Audit. I hope I can churn it out!

I am really liking the Roger cram, he is lively to say the least. So far so good. I am going to take a Wiley test tonight and see progress (hopefully!!!). I take REG on Nov first, so last big push.

Best of luck to ya!

[RedRage00]

Yankee, how many hours have you put into studying for REG?

Texas CPA
Licensed, March 2012

[yankeeaccountant]

@redrage

morning…..Since I am in my final review mode, I try to do 6/8 hours a day. Typically, I try to do 5 hours of studying.

How are you feeling about REG? Let me know how it is going and what review you are using….

I took an exam yesterday in Wiley overall I got a 72%. Not great. But it was those darn business law sections bringing down my overall score. I have been using a newer Wiley review book, there are alot of new mcq's and sims in there. It is really reinforcing what I know in tax, and still working on b-law. I am also using the Roger cram. I have to say, I am really liking the change of pace from Becker and Yaeger.

I think you sit near the end of November, right? I am going for broke on Tuesday!!! I need to planets to be in alignment!!!

[RedRage00]

My exam is on 11/20. So about 3.5 weeks away. eek!

I'm using the Wiley testbank online and I have the book too. It's been a slow week here at work so sometimes I'll log in and take a 20 question testlet here and there when I have some spare time. I usually study for 3 hours a night at home, and at least 6 on Saturday/Sunday. I take Fridays off…but I'm thinking of adding them back in for the next few weeks if I don't feel comfortable enough with the material.

I think my studying is going okay. I always suck the first time through. lol

Good luck on your exam.

Texas CPA
Licensed, March 2012

[ToCPA2011]

Some took REG last window and thought they definitely failed because of Sim, but they passed with scores between 85-95. Hope this window some miracles will happen.

[RedRage00]

The business law portion is driving me nuts. I thought I'd have more trouble with the tax part since I don't have a background in tax, but it seems like BL is worse. The questions are just tricky.

Texas CPA
Licensed, March 2012

[PistolPete]

Is 5 weeks enough time to study for REG? I just started today, and the last day of testing window is Nov. 30th. I really don't want to wait until January to sit, but I feel like 5 weeks is really pushing it. thoughts?

FAR - 68, 79
AUD - 82
REG - 71, 71, 80
BEC - 76

CMA
Part 1: October 2013
Part 2: January 2014

[hopeful_cpa]

BL makes no sense… especially contracts.

BEC: Done
REG: Done
AUD: Done
FAR: Done

I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[yankeeaccountant]

@redrage

I totally agree, the b-law sections ruin my test scores!!!

@PistolPete

I think it is enough if you can be disciplined and stick to a schedule. For me, the hardest part is the business law. I had business law in college–my freshman year—1982! So, needless to say, it is taking a while for this to cement in my head. Sometimes when you are really pushed you just go into automatic and it all falls into place. I say–Go for it!

@hopeful_cpa

Contracts are so tough. I am doing the Roger cram and IMO, he goes over it better than Phil Yaeger. Plus he keeps me awake!! Good luck

[hopeful_cpa]

@yankee

I have the Roger study material, but I don't have the Cram. I agree he does keep us awake, which is way better than Becker IMO. I took REG last Jan and passed it with Becker but lost credit so here I am again.

Is the Cram worth it?

BEC: Done
REG: Done
AUD: Done
FAR: Done

I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Author]

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