REG Study Group - Page 40

Viewing 15 replies - 586 through 600 (of 694 total)
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  • #2528847
    karla
    Participant

    @jex Thanks!! Im retaking REG on the 15th, so good to hear someone's input. Good luck- hoping you get a passing score!!!


    @wineclaw
    Good luck!!!! you got this!!!

    Failing is not the end; keep trying. I will keep trying.
    #2530953
    kakooakki
    Participant

    @74phoenix yes sure I can send it to you, just drop to me an email and I will send it back. My email is the same as my nickname here and it is at hotmail.

    How is it going with everyone I am trying to get 1 chapter done per day but seems to be bit hard. Putting more focus on tax chapters at the moment

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    SICK OF HAVING THE CPA CLOUD In my life
    #2530965
    kakooakki
    Participant

    @jex good luck! yea sims are always tricky and I think I should put more effort on practicing it. Which material did you used for sims? Is it Becker?

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    SICK OF HAVING THE CPA CLOUD In my life
    #2530989
    kakooakki
    Participant

    @tncincy when you are planning to take the exam?

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    SICK OF HAVING THE CPA CLOUD In my life
    #2531067
    Jex
    Participant

    @Kakooakki I did use Becker. Overall I think Becker did a fairly decent job at preparing for the SIMs. However, the only complaint I have with the Becker SIMs is how they format them. Many of the Becker SIMs relate only to a specific subject, but rarely include SIMs that cover multiple chapters. With that said, you don't need to get 100% of the SIMs correct. So if you only know a portion of a SIM, it is definitely not something to worry about on test day.

    Something I forgot to mention before, I was worried about having to know some of the new limits for AMT and QBI as Q3 is when the AICPA updates the exam. Maybe I got lucky, but I don't believe the AICPA expects candidates to know the numerical limits for these items off the top of their heads. Instead, your time would be way better spent on just understanding what goes into these calculations.

    FAR - 81
    REG - 89
    AUD - 86
    BEC - 92
    #2534382
    Wineclaw
    Participant

    Took REG today. Not expecting to pass; it was rough. The one month wait begins…

    AUD - 85
    BEC - 85
    FAR - 76
    REG - 80
    I passed FAR. There is no going back. 75 OR BETTER!

    I PASSED IT ALL!!!

    FAR - 2/28
    AUD - ?
    REG - ?
    BEC - ?

    BA in Accounting

    #2534643
    Tncincy
    Participant

    @wineclaw, Good luck to you. You never know sometimes, so we are looking for that pass report.

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

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

    #2534979
    se7en.14
    Participant

    how are you guys memorizing all the phase out amounts?..so many..trying to see what a good method may be.

    .
    #2535495
    LittleTimmy
    Participant

    REG Test is July 10, if I pass – I am all done, but my 18-month window ends on July 13, so I am cutting it real short. I am just thrilled however that I didn't take FAR as my first test, but I will lose BEC in a matter of days, if I don't pass REG this week. (If I don't pass REG this time, what I then would have to do is get my REG Score around August 6th, if I fail, then go sign up for new BEC Study Materials and try to study from August 7th to September 7th and take the BEC exam around September 8th, then take REG again in November and hope to pass it and be finished, before AUDit expires in December….).

    After passing the other 3 exams with Roger, and then failing REG twice with Roger, I switched to Becker this time, this is my first time using Becker. I will say that Becker does a MUCH better job explaining Basis for Corporations, S-Corps, and Partnerships… and how to handle Losses and Terminations. Although, I think the Roger book for Business Law was better, and my NASBA Score Report said I was Stronger than the average candidate in Busines Law and Ethics…. so I am using BECKER for Individual and Corporate/S-Corp, but using Roger for Business Law and Ethics.

    I've had no time to do MCQs this time however, it's taking me so long to get through the Becker Reg material, but I am going to spend the next few days writing out on big Posterboards the differences between BASIS for S-Corps, C-Corps, and Partnerships… I'm still getting too much stuff mixed up in my head, I keep forgetting this stuff as fast as I can read it.

    BEC- passed 16 months ago

    AUD- passed 12 months ago

    FAR- passed 3 months ago

    REG- 69 , 63, 81

    #2535588
    Jex
    Participant

    @Se7en.14 , from what I understand you don't need to memorize the phase-out amounts which change from year to year. However, I would highly recommend knowing the phase-out amounts for major items that don't change. One thing that comes to mind right off is the Mom/Pop exception (AGI between $100,000-150,000). Could just be my experience, but I was glad I didn't study limit amounts in too much detail come test day. I don't recall having a single question ask me about a random/obscure limit.

    FAR - 81
    REG - 89
    AUD - 86
    BEC - 92
    #2535897
    se7en.14
    Participant

    @Jex Hello, I just thought maybe we would need to know phaseout amounts for solving some problems.(probably unlikely they'll just ask directly about the amounts.) Did you get any such problems where you needed to use them in calculating an answer?

    .
    #2536077
    Jex
    Participant

    @Se7en.14 to answer your last question, I technically did have questions which required me to know specific limits to answer a calculation based question. However, the questions that required me to know the limits and phase-outs, were amounts that don't change each year. For example, I would not be surprised if you saw a question asking for the amount of gain a homeowner would recognize after they sell their house (The limit for the gain not recognized doesn't change from year to year). Another good example would be calculating charitable contribution deduction, you should know that there is a 60% (or 30% in some cases) of AGI limit and how that would affect the recognizable amount of the deduction. However, in the MCQs, I highly doubt you would need to know the QBI AGI limits when calculating someone's QBI deduction or even something like the AMT exemption amounts (since these amounts do change each year). It's possible you would need to know these amounts for a SIM, but you can get around memorization of these random dollar amounts if you are comfortable with using the authoritative literature.

    FAR - 81
    REG - 89
    AUD - 86
    BEC - 92
    #2536722
    Bobsacajawillie
    Participant

    @jex How much of the mcq was business law? Thanks

    AUD - 81
    BEC - 86
    FAR - 79
    REG - 81
    Fly you fools!
    #2537550
    Jex
    Participant

    @Eriknielsen467 I had around 4-5 BLAW questions in each of the MCQ teslets. Obviously, you never know what you're going to get but I think the AICPA section blueprints were pretty spot on for what I saw on the exam.

    FAR - 81
    REG - 89
    AUD - 86
    BEC - 92
    #2539467
    Tncincy
    Participant

    Wow, hope study is going well for everyone. B-law is apart of the exam, so I would get to know it's content even if it's through AICPA blueprints. Memorizing phaseouts in particular is not necessary, but making sure there is an understanding of the concepts is the key. Usually the question will provide what's necessary when it comes to calculation and phase outs. Study hard everyone.

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

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

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