[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

[MrsLeon]

Well, REG sucked today.

FAR- 10/02/10- 75
AUD- 11/24/10- 74, 8/31/11- 68, 10/16/11- 77!!!!!
REG- 2/08/11- 65, 8/6/11- 61, 11/30/11- 76!!!
BEC- 7/01/11- 61, 11/06/11- 75!!!!!

I AM OFFICIALLY A CPA!!!!

[MrsLeon]

Hey, does anyone know the answer to this….say a doctor buys a practice from another doctor and the new doctor receives the patient list. How do you account for the patient list?

FAR- 10/02/10- 75
AUD- 11/24/10- 74, 8/31/11- 68, 10/16/11- 77!!!!!
REG- 2/08/11- 65, 8/6/11- 61, 11/30/11- 76!!!
BEC- 7/01/11- 61, 11/06/11- 75!!!!!

I AM OFFICIALLY A CPA!!!!

[Anonymous]

@mrsleon–wouldn't it be an intangible asset?

[MrsLeon]

I think so. But, is the value of it determinable (I think that's a word….lol)?

FAR- 10/02/10- 75
AUD- 11/24/10- 74, 8/31/11- 68, 10/16/11- 77!!!!!
REG- 2/08/11- 65, 8/6/11- 61, 11/30/11- 76!!!
BEC- 7/01/11- 61, 11/06/11- 75!!!!!

I AM OFFICIALLY A CPA!!!!

[Anonymous]

I'm not sure but I'd think it wouldn't be determinable. It's like goodwill if I remember correctly. The value is based on the exchange. I'm probably completely wrong.

[Anonymous]

Well just got out of REG and uhh, that was insane. I think 25% of my MC came from the same 5 pages in Wiley. I went in prepared for the “important” stuff and wound up with just plain obscure minutiae, one of which I don't think is even covered in Wiley. Hopefully, I got enough points in the Sims even though I was clueless on one of the leaflets.

[MrsLeon]

lol, no I think you might be right! Thanks for your insight. I appreciate it! Let me know if anything else comes to mind concerning the issue. I think REG totally killed me today.

FAR- 10/02/10- 75
AUD- 11/24/10- 74, 8/31/11- 68, 10/16/11- 77!!!!!
REG- 2/08/11- 65, 8/6/11- 61, 11/30/11- 76!!!
BEC- 7/01/11- 61, 11/06/11- 75!!!!!

I AM OFFICIALLY A CPA!!!!

[MrsLeon]

@cpamaybe- uh, yeah REG was insane for me today too!! I didn't think the MCQ were too bad, but the SIMS slapped me in the face! It was awful.

FAR- 10/02/10- 75
AUD- 11/24/10- 74, 8/31/11- 68, 10/16/11- 77!!!!!
REG- 2/08/11- 65, 8/6/11- 61, 11/30/11- 76!!!
BEC- 7/01/11- 61, 11/06/11- 75!!!!!

I AM OFFICIALLY A CPA!!!!

[Anonymous]

You guys we better have passed! I do not want to face this one again

[MrsLeon]

@CPAhopefulTX- I hope so too!!!

FAR- 10/02/10- 75
AUD- 11/24/10- 74, 8/31/11- 68, 10/16/11- 77!!!!!
REG- 2/08/11- 65, 8/6/11- 61, 11/30/11- 76!!!
BEC- 7/01/11- 61, 11/06/11- 75!!!!!

I AM OFFICIALLY A CPA!!!!

[Anonymous]

Took REG yesterday…trying to think positive so I packed the books away with my FAR and BEC books…taking AUD next and hoping I don't have to do REG again….I thought there were a lot of questions on REG that were from the Becker ancillary material…like topics that I didnt study so I knew they had to be ancillary….the sims I thought were ok nothing like the SIMS for FAR–I thought those were impossible. I actually thought two of the REG sims were pretty basic which schocked me…but the rest of them were hard!! I hope we all pass..this studying is getting old 😉 I want my score…I dont know how I waited weeks the last time lol

[NySinghCPA1985]

i took REG today. Im so happy that the MCQ's weren't as horrible as i assumed. it was very straightforward. I imagined 3-4 sentence questions which didn't happen!! i was through MCQ's in hour and half,, thats after taking my time with each question.

on the other hand Simulations weren't anything i saw in Becker… alot of computation and took more time to figure out what was asked. However i managed but i could be wrong… Im keeping my fingers crossed for a passing score no matter what…

Hope all of us passed 🙂

FAR 1/30/14 86 beast is slayed
REG 5/30/12 81 expired :/ Retake April or May 2014
AUD 5/24/13 85
BEC 10/07/13 80

[NySinghCPA1985]

i took REG today. Im so happy that the MCQ's weren't as horrible as i assumed. it was very straightforward. I imagined 3-4 sentence questions which didn't happen!! i was through MCQ's in hour and half,, thats after taking my time with each question.

on the other hand Simulations weren't anything i saw in Becker… a lot of computation and took more time to figure out what was asked. However i managed but i could be wrong… Im keeping my fingers crossed for a passing score no matter what…

Hope all of us passed 🙂

FAR 1/30/14 86 beast is slayed
REG 5/30/12 81 expired :/ Retake April or May 2014
AUD 5/24/13 85
BEC 10/07/13 80

[peteymit]

CPAMAYBE – I had the exact same experience today. The calculations were far easier than I had prepared for and I had a bunch of questions about topics I read over in Wiley and thought they'd never waste their time on. So I knew I had known the answer at one time and just couldn't nail it down. So many I was stuck between two of the answers. I was halfway through the first testlet and though I'd be taking this one again. Disheartening.

[Anonymous]

Do we need to know all the amounts like phaseouts, Maximum deductible amounts etc for tax portion of the test?

Thanks 🙂

[Author]

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