REG Study Group April/May 2013 - Page 15

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  • March 22, 2013 at 9:30 pm #415031
    Anonymous
    Inactive

    I have a question for some of the veterans that have taken Reg. I have heard that the simulations are terrible, and I've also read that Becker doesn't provide the greatest practice. I know your not able to disclose what exactly the simulations are but do you have any advice on better preparation for them? I saw on cpareviewforfree.com a simulation package for 10.00, is it worth the investment?

    March 23, 2013 at 2:45 pm #415032
    smp73
    Member

    @bcjasper. I have the sims from cpareviewforfree.com.They are not formatted the best but do provide extra practice and have good explinations for the answers. There are a lot more sims included than I actually thought. For ten bucks its worth it if you want a little extra practice.

    I have taken REG twice (MC are my downfall). For the second time (failed by one point) I did not do a single practice sim I just drilled concepts and my score report said I was stronger on the sims (mine does the stronger weaker comparable). Since youll never know what you will get material wise for the sims I have focused more on knowing concepts and being able to apply concepts. I apparently need to work on reading MC questions (seriously hate the word “not” in a question) in order to do well.

    Hope that helps and give the practice sims a try…it is only $10!

    NYS CPA License # 113563
    CIA: Done as of 2/15/14

    Training for a half marathon post studying!

    March 23, 2013 at 4:07 pm #415033
    Anonymous
    Inactive

    Knocking out R4 this weekend. Then it's on to BLaw! I still think doing corporate tax in R3 was the most time consuming section I've dealt with so far.

    March 23, 2013 at 4:41 pm #415034
    KGC111210
    Participant

    What is the estate tax credit for 2012? What's the difference between the credit and the deduction? My Becker material says “$345,800 for credit and $1MM for deduction. I think the deduction is $5.12MM for 2012.

    Thanks!

    FAR 69, 74, 78
    REG 69, 69, 69, 82
    BEC 75
    AUD 76

    March 23, 2013 at 9:28 pm #415035
    LSNYC
    Member

    Checking in! Happy weekend got about 2 hours in today (way less than i wanted) tomorrow should be a pretty good day 5-6 hours spread out through the day. Monday, Tuesday and Thursday i am hoping for 2-3 hours each day!

    See you all here tomorrow!

    A - 61, 91!!
    B - 78!
    F - 76!!!
    R - 71, 73, 74, 69, 77!!!!

    Finally done!

    This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

    March 23, 2013 at 10:17 pm #415036
    SeattleAccountant
    Member

    @ChefBlake, you are right about R-3, it is a drag. After spending 5 hours on R-3 lecture + partial notes, i'm now going to re-read it and attempt MCQ. This puts me behind the schedule, but better be safe than sorry.

    Good luck on your progress!

    Becker Class of Jan - Aug 2013: FARB DONE!!!!
    CPA license pending 🙂

    March 23, 2013 at 10:19 pm #415037
    SeattleAccountant
    Member

    @smp73, thanks for sharing about cpareview sims. I'm getting them for REG for extra practice and besides, price is better than right!

    Becker Class of Jan - Aug 2013: FARB DONE!!!!
    CPA license pending 🙂

    March 23, 2013 at 10:20 pm #415038
    smp73
    Member

    Checking in. I have studied on and off through out the day. Taking small breaks to break up the studying. I think I am up to something like 4-5 hours of studying. Going to try and get in a few more hours today. Tomorrow's my birthday so I will probably only get in a few hours of studying.

    NYS CPA License # 113563
    CIA: Done as of 2/15/14

    Training for a half marathon post studying!

    March 23, 2013 at 10:34 pm #415039
    smp73
    Member

    @SeattleAccountant. – The price is so great on them and any extra practice is good practice! Like I said it came with more actual problems than I was anticipating so I felt that it was well worth the money. Hope they help! Good Luck studying. 🙂

    NYS CPA License # 113563
    CIA: Done as of 2/15/14

    Training for a half marathon post studying!

    March 24, 2013 at 1:28 am #415040
    Anonymous
    Inactive

    @smp73 I appreciate your input. I just reread R1-R4 today and am going to tackle R5-R8 tomorrow than grab those sims. I have done the MCQ twice averaging between 90-100% but I just feel like I am not prepared enough with only using Becker. I've heard some people say Becker prepares you well but others say the opposite. Overall, I'm nervous as I am sitting for Reg on April 5th.

    March 24, 2013 at 11:38 am #415041
    smp73
    Member

    @bcjasper: I think being nervous about it is normal. I have been nervous going into each exam I took. Just study hard, take some study breaks to refresh and do your best. Good Luck!

    NYS CPA License # 113563
    CIA: Done as of 2/15/14

    Training for a half marathon post studying!

    March 24, 2013 at 2:29 pm #415042
    Anonymous
    Inactive

    @ smp73

    Happy Birthday!!! Take some break from studying, and don't forget to have a party, and good time, and live and enjoy your life today!!!

    March 24, 2013 at 2:29 pm #415043
    LSNYC
    Member

    Morning all! Later start for me today then i had originally wanted. My goal today is finish up all my tax MCQ and review. Then on to business law, but after each business law section i am going to do a 20 MCQ practice on tax to keep is fresh! I can not believe i am in quarter end again and my exam is just about 5 weeks away! Planning some MAJOR power nights in the next few weeks! Here is to a power day!

    @bcjasper Do you have the Wiley Test bank? The extra MCQ are great plus they have SIMs.

    However i have found i do a few SIMs for each exam but i don't go crazy i find really understanding the topics is more important then working SIMs.

    Happy Studying!

    A - 61, 91!!
    B - 78!
    F - 76!!!
    R - 71, 73, 74, 69, 77!!!!

    Finally done!

    This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

    March 24, 2013 at 2:38 pm #415044
    Anonymous
    Inactive

    Hello REG fam!

    I'm still reviewing REG. Moving slooooow because I found out that I failed AUD with 74 and have to re-take it in early April, but over 70% of REG done. Also was thinking of getting cpareviewforfree SIMs. I was wondering if anybody has a good strategy to remember all taxation of retirements plans details? For some reason I have a hard time remembering everything.

    @ Lisa

    thank you so much for your input as well I found it very helpful !

    March 24, 2013 at 3:08 pm #415045
    Lisa
    Member

    @CPA_NY:

    Thanks. I want to help if I can, as this site helped me alot, when I was sitting for the exam. As you can see from my posts, I often made up a memory aid or nmemonic to remember how information goes together (so the examiners can not confuse you on those questions). In terms of your question on retirement plans and their taxation, are you talking about the EE, ER, deposits or EE withdrawals? I might be able to offer some suggestions if you clarify….

    Also, I saw someone talk about re-reading the chapers after listening to the videos,working the MC, and SIMS. I believe this is a very important element to help a candidate on exam day and get several more questions correct. And for me, reading the text, my notes, the providers notes helped me to better control my nerves as I approached the exam date.

    AUD 8/04/11: 78
    BEC 1/9/12: 73, 4/04/12: 80
    FAR 10/25/12: 80
    REG 02/25/13: 79
    Ethics 100%
    VA License Issued 3/2013

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