[Offthewall97]

Hi all,

I’ve been reviewing REG for the past 12 days, and got 67 on my first mock that I took two days ago. Does anyone who took REG before have any specific advice besides drilling more mcq in these past two days?

The only areas I’m iffy on are AMT and QBI, which I’m looking into. Are there any other topics that sneak up on you during exam day, or are worth a lot? Any advice or anecdotes about REG studying welcome; thanks!

AUD - 85
BEC - NINJA in Training
FAR - 76
REG - NINJA in Training

"Get busy studying, or get busy dying."

[Sam]

First, it's great that you've set aside two full weeks to review; that's what I did for my exams. The first mock exam should have covered a large portion of the material so as to give you an idea of your weak/strong areas. So definitely practice practice practice AMT, QBI, and any other areas you're uncomfortable with. Obviously you won't see everything on the exam, but don't ever gamble about what topics might or might not be on the exam if you can help it.

Another thing I was surprised about in my exam – use of the authoritative literature outside the research sim. Every minute of exam time you have is valuable, so proceed with caution, but I found it really useful to quickly verify tax treatment or a phase out for a sim. But again, jump in there if and ONLY if you can spare the time it'll take

My only other piece of advice this late in the timeline is to make sure you get ample rest and something small to eat if it's a morning exam. But you've already taken and passed two so that aspect of preparation shouldn't be as much of a stressor anymore. Good luck!

BEC - 90 (7/19, 8 weeks)
FAR - 78 (10/19, 10 weeks)
AUD - 75 (12/19, 8 weeks)
REG - 90 (7/20, ~12 weeks, split up)

Ethics - 97 (~6 hours to go through the material & take the quiz)
Licensed in Virginia (10/20, ~1.5 weeks to process after submitting everything)

[Offthewall97]

@Sam

Thanks for the response, it motivates me that you performed so well after having 2 weeks of review :). Definitely agree about hitting weak areas, as well as keeping up with general review. The only areas I got more than a couple wrong on the first mock was individual stuff (AMT + incentive stock options + QBI + misc), so I'm going to keep hitting that hard.

The auth lit tip is solid, I've heard about it before for REG but forgot it until just now; thanks! Time management is probably the only thing I am concerned about for test day, for both BEC and FAR I was there until the last minute, while audit took me 2.5-3hrs only (fingers crossed for BEC score lol). I'll focus on sleeping early today and tomorrow so I'm fresh for the exam.

Appreciate the reply!

AUD - 85
BEC - NINJA in Training
FAR - 76
REG - NINJA in Training

"Get busy studying, or get busy dying."

[DS]

Personally, I'd focus on the following:
AMT
Non-recognition transactions (1031/1033)
Corporate & partnership formation, distributions & liquidations
Difference in enforcement under section 11 of the 1933 act and section 10(b) of the 1934 act.

If you get through all that, I'd cover the basics of agency law, contract formation, & UCC articles 2 & 9.

AUD - NINJA in Training
BEC - 91
FAR - 97
REG - 99

Foobar

[DS]

One other thing would be to know how to apply the section 179 limits – IE deduction is limited to net income, 179 deduction from a pass-through entity is limited at both the partnership/S-corp level & individual level, etc.

AUD - NINJA in Training
BEC - 91
FAR - 97
REG - 99

Foobar

[Offthewall97]

@DS

Thanks for the information; 1933/1934 is my least solid area of the bus law material so i'll do a once over on that area within the module. I'm pretty solid on R3/R4/R5, but the 179 deduction I didn't know at all on the mock so i'll review the notes I took on that as well; thank you!

AUD - 85
BEC - NINJA in Training
FAR - 76
REG - NINJA in Training

"Get busy studying, or get busy dying."

[DS]

The most important thing to remember about the SEC rules is that that 1933 act doesn't require intent. The plaintiff only needs to prove there was a material misstatement, they purchased an offered security, and they suffered a loss. The 1934 act requires intentional fraud or misleading statements. The 1934 act also applies to both purchases and sales of securities since the 1934 act deals with resale of securities.

AUD - NINJA in Training
BEC - 91
FAR - 97
REG - 99

Foobar

[Author]

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