[jeff]

Welcome to the REG CPA Exam study group for October, November, and December 2018 exams. 🙂

Please introduce yourself & when you’re taking your exam (approximate timeframe).

REG Study Group Links and Resources:

1. NINJA Monthly – Full REG Course for $67/mo
2. How to Study for REG with NINJA Only
3. How to Pass REG in 20 Days
4. How to Retake REG After Failing
5. Video: Study Advice for REG
6. CPA Reviewed Podcast
7. CPA Exam Score Release Dates
8. NINJA MCQ Trending vs Actual REG Scores
9. I Passed the CPA Exam!
10. I Passed REG!
11. NINJA REG SIMS List by Topic
12. Free CPA Review: REG

[Tim]

REG has been a monumental struggle. Here are my study session results in Gleim now that I'm through all the material. REG study session scores. The first 6 study units I stuck with Gleim's method which meant doing quizzes instead of study sessions so that's why there isn't much data for those units. While I followed Gleim's method all the way through for FAR, BEC and AUD it just felt really slow and awful for REG so I ditched it. These scores are significantly lower than how I was doing on any of the other 3 sections at this point in my studying. Thankfully I still have a month to practice before my exam. I'm going to Paris for 10 days between now and then though and I will not be studying on vacation.

We'll see how well I can bring these numbers up before exam day.

[Anonymous]

@Tim,
I'm not too familiar with Gleim, but I think you'll be fine. You still have basically 4 weeks of studying after taking out the 10 days. I crammed REG start-finish in just under 4 weeks.
– That being said, with the time you have left I would take two weeks and really hit 1.5-2 units a day just focusing on those units. In the last 2 weeks, I would just try to tie it all together. REG is a lot of material, and I don't suggest you go light on BLAW as some people I have heard suggest (BLAW was the hardest part for me). Based on your other scores, I wouldn't worry too much about REG.

[YouTooShallPass]

Beta Inc. has adjusted current earnings (ACE) of $750,000. If the AMTI is $650000 what is the AMTI before the ACE adjustment.

a. 350,000
b. 650,000
c. 750,000
d.100,000

How do they get A?

Really having a hard time grasping this, i tried setting up an equation to solve but cant seem to get it right, beckers explanation doesn't help either

[Tony73085]

I took REG today. It wasn’t hard but it also wasn’t easy. I felt that the second testlet had more difficult questions which hopefully is a good sign. I finished all of the TBS and had 30 minutes left. Did anyone else take it today? Thoughts?

[zrula]

I took my test last week. MC were ok. the second MC testlet was harder, but nothing crazy. I suffered through Sims.. I left the exam very upset and already preparing a retake strategy

[Tncincy]

I did NOT take reg today. I cancelled. Major illnesses in the family. My mother-in-law had a heart attack. And my mom (lives in another state) also hospitalized very sick. I feel like I am losing my mind, my husband is a ball of nerves, but I've been reassured that everything is going to be o.k. My mother-in law was able to go home with nurse care, and my mom is released from the hospital and with my sister whose keeping me updated. I am also working frantically to conclude my client's extensions before Monday. But I'll be back to studying probably Tuesday provided everyone is OK.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[zrula]

@YouTooShallPass
Let your AMTI before the ACE adjustment be X
you after ACE income is 750,000
75% of the difference between the before and after AMTI will be added to AMTI before the ACE adjustment
your equation is as follows
X+ 0.75( 750,000 – X) = 650000
solve for X and you will get 350,000

[LeAnne]

Anyone supplementing Wiley with Ninja? If so how do you like it? I am considering purchasing Ninja as a supplement and would just love some feedback. Thanks

FAR - 8/9/14
AUD - NOV 2014 (Hopefully)
REG - FEB 2015 (Hopefully)
BEC - MAY 2015 (Hopefully)

[Operation_CPA]

Can someone please provide some clarity on this? Based off of the Becker lectures, I know that a gain or loss will be recognized to a liquidating corporation on the distribution of property in complete liquidation as if the property were sold to the distributee at its fair market value. However:

(1) What if the assets were distributed to an 80%+ shareholder? My understanding is that the corporation distributing the assets would not recognizes a gain in this situation. Is this correct?
(2). What would the basis be in the property received to the 80% shareholder? Would it be the FMV?
(3). Does the shareholder recognize a gain?

Appreciate the help.

[Joe Payne]

Been studying REG with Becker and have my exam in a week. I have done well with the MCQ and SIMs within Becker. After just trying out the AICPA sample test, the SIMs totally killed me. Way harder than Becker's. Anyone have any idea how I can review these SIMs? They only give you an answer key with an answer, and no explanation.

[Kimberly]

@LeAnne – I had used Wiley and supplemented with additional MCQs. I used Surgent, but Ninja's questions are very similar to them. I thought the extra questions helped and I got my best score with that method. It can't hurt to see additional MCQs for the last month of your study. Best of luck!

@Tncincy – I am so sorry to hear and I hope everyone is okay. That is just so much to handle at once.

[Tncincy]

@ Kimberly – Thanks I really appreciate your concern. My mother is doing better (not cooperating but better), and my mother in law is doing better as well. She had another scare, but the doctor seems to believe she'll be fine. Her body need to catch up to her prescriptions. So, my husband can sleep for more than an hour. He is driving me nuts. Anyway… I'm done with extensions and back to studying. I'm hoping I can get a new nts and schedule for about 30 – 45 days. I don't need too much time. Life is what it is, glad to have God on my side. 🙂 and everyone in the land of the living.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[amens]

Took reg on Monday after failing with a 74 in Q3. Completely different exam experiences. I left the first time feeling very confident, I left this time preparing for a retake strategy. I passed the other 3 sections on my first try, and didn’t feel good walking out of those at all, so here’s hoping for a pass. MC killed me, if anything saves me it’s definitely going to be the sims. After preparing with the Aicpa sample test I felt like they weren’t all that difficult. Hoping this is my last time facing this beast.

[Allsheneededwassome]

hello everyone ….. I'm so far behind in my prep. new job adjustments etc etc. so ended up putting prep on pause. Not good. I want to take this section in Q4.. fingers crossed I can squeeze it in because Q1 is going to be terrible at work with YE

[Allsheneededwassome]

I would love to be able to answer questions posted on here but I need to know the material first… sorry guys

[Author]

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