REG Study Group July August 2013 - Page 45

Viewing 15 replies - 661 through 675 (of 1,892 total)
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  • #439277

    Ok…so I failed AUD in May with a 66. Now I am going to retake Audit in August. Does anyone know how the exam has changed? I was bummed to find out you cannot retake an exam in teh same testing window because I fear retaking REG and hate that I have to wait until October! These testing windows are killing me!

    AUD – 5/12/13 66, Aug 2013

    REG – 7/1/13

    BEC – November 2013

    FAR – January 2014

    #439422

    Ok…so I failed AUD in May with a 66. Now I am going to retake Audit in August. Does anyone know how the exam has changed? I was bummed to find out you cannot retake an exam in teh same testing window because I fear retaking REG and hate that I have to wait until October! These testing windows are killing me!

    AUD – 5/12/13 66, Aug 2013

    REG – 7/1/13

    BEC – November 2013

    FAR – January 2014

    #439279

    @Heidi-O Did you take REg twice in one testing window? I thought you were not able to do that??

    #439424

    @Heidi-O Did you take REg twice in one testing window? I thought you were not able to do that??

    #439281
    icanhazcpa
    Member

    Hey guys I have a quick question. I'm not a tax person and never have been, so is it normal for me to take a little while coming off of FAR to get into REG mode? I'm finding myself struggling already in R1 just because I don't work with it and just got done with FAR. I'm hoping to bounce back into it soon, just wondering if others have felt this way.

    BEC - 83
    FAR - 83
    REG - 74, 78
    AUD - 76

    Becker Self Study

    #439426
    icanhazcpa
    Member

    Hey guys I have a quick question. I'm not a tax person and never have been, so is it normal for me to take a little while coming off of FAR to get into REG mode? I'm finding myself struggling already in R1 just because I don't work with it and just got done with FAR. I'm hoping to bounce back into it soon, just wondering if others have felt this way.

    BEC - 83
    FAR - 83
    REG - 74, 78
    AUD - 76

    Becker Self Study

    #439283
    K_Sunshine5
    Participant

    @icanhazcpa, I felt the exact same way when I first started studying for REG. I was absolutely dreading it. But honestly, it's really not as bad as I thought it was going to be (I might change my opinion after I take my exam in a couple weeks though lol). But if you just jump into it, things start making sense and it gets better to study. REG is a lot of memorization of tax laws and rules, in my opnion. Once you get the jist of things, everything kind of starts to make sense. So my advice would be to just jump into studying and go from there. Good luck!

    FAR: 65, 77!
    AUD: 72, 72, 80!
    REG: 64, 84!
    BEC: 83!
    Ethics: 98!

    Delaware CPA as of May 23, 2014 at 10:43am EST.

    "She believed she could, so she did."

    #439428
    K_Sunshine5
    Participant

    @icanhazcpa, I felt the exact same way when I first started studying for REG. I was absolutely dreading it. But honestly, it's really not as bad as I thought it was going to be (I might change my opinion after I take my exam in a couple weeks though lol). But if you just jump into it, things start making sense and it gets better to study. REG is a lot of memorization of tax laws and rules, in my opnion. Once you get the jist of things, everything kind of starts to make sense. So my advice would be to just jump into studying and go from there. Good luck!

    FAR: 65, 77!
    AUD: 72, 72, 80!
    REG: 64, 84!
    BEC: 83!
    Ethics: 98!

    Delaware CPA as of May 23, 2014 at 10:43am EST.

    "She believed she could, so she did."

    #439285
    Anonymous
    Inactive

    Hey guys. I'd like to know what you think if you have had the same experience. So coming out of the exam, I felt like for the MCQ, the first testlet is not bad, the second one is pretty difficult, and the last one is really easy. As for the simulations, I just think I can get around 50%-60% correct in total (literature question is a piece of cake and should be correct)

    So how likely do you think I can pass the exam? Thanks. I should say the content of the exam (mostly in simulations) was really unexpected. I was pretty confident before the exam but now really worried about the score.

    #439430
    Anonymous
    Inactive

    Hey guys. I'd like to know what you think if you have had the same experience. So coming out of the exam, I felt like for the MCQ, the first testlet is not bad, the second one is pretty difficult, and the last one is really easy. As for the simulations, I just think I can get around 50%-60% correct in total (literature question is a piece of cake and should be correct)

    So how likely do you think I can pass the exam? Thanks. I should say the content of the exam (mostly in simulations) was really unexpected. I was pretty confident before the exam but now really worried about the score.

    #439287
    icanhazcpa
    Member

    I have a question about capital gains/losses. In one problem, when there is both boot received and cash given up you net them and in another you don't. Can I assume that when it's just cash you do NOT net and when it's a liability you do?

    BEC - 83
    FAR - 83
    REG - 74, 78
    AUD - 76

    Becker Self Study

    #439432
    icanhazcpa
    Member

    I have a question about capital gains/losses. In one problem, when there is both boot received and cash given up you net them and in another you don't. Can I assume that when it's just cash you do NOT net and when it's a liability you do?

    BEC - 83
    FAR - 83
    REG - 74, 78
    AUD - 76

    Becker Self Study

    #439289
    Heidi-O
    Member

    @Icanhazcpa FAR and REG are very different and you just went through the section that has the most material to know for the CPA exam test. Give yourself a break! Besides, there are some of us here who are willing to help where our strengths are. Take a day off, go do something completely different and re-energize yourself!! REG is kind of funky anyway, just make sure you have the updated material from Becker. (Especially for the book amounts). You can do this… You can do this… You can do this…

    @Mhollingsworth If they would have let me take REG again in one window, I would have!!! Unfortunately, my first exam expired on March 16 (why they had it expire in a closed window period, I have no clue). So I studied for 3 weeks and sat for the exam. Made a 71. Was stronger in everything on my m/c except taxation of entities (weak) and Federal Tax Process (comparable). I was also weak on the simulation (which I knew, it kicked my butt). My second exam, I studied in great detail in my weak areas and took to learning the sections of the tax code – not the numbers, but where I could easily find the topics. If you look at the layout, its not intuitive. I wanted to extend the exam by one week and was advised not to, so I took it and panicked. I did well on the simulation and was all over the place on m/c – makes sense since I was so anxious and m/c was the first part. That was a 74. I know now that I could have passed that exam if I could have calmed my nerves. But that's just how it goes! Now I get to kill it this month!! 🙂

    FAR Aug 2012 79
    AUD Oct 2012 84
    REG Aug 2013 87
    BEC Jan 2013 80

    #439434
    Heidi-O
    Member

    @Icanhazcpa FAR and REG are very different and you just went through the section that has the most material to know for the CPA exam test. Give yourself a break! Besides, there are some of us here who are willing to help where our strengths are. Take a day off, go do something completely different and re-energize yourself!! REG is kind of funky anyway, just make sure you have the updated material from Becker. (Especially for the book amounts). You can do this… You can do this… You can do this…

    @Mhollingsworth If they would have let me take REG again in one window, I would have!!! Unfortunately, my first exam expired on March 16 (why they had it expire in a closed window period, I have no clue). So I studied for 3 weeks and sat for the exam. Made a 71. Was stronger in everything on my m/c except taxation of entities (weak) and Federal Tax Process (comparable). I was also weak on the simulation (which I knew, it kicked my butt). My second exam, I studied in great detail in my weak areas and took to learning the sections of the tax code – not the numbers, but where I could easily find the topics. If you look at the layout, its not intuitive. I wanted to extend the exam by one week and was advised not to, so I took it and panicked. I did well on the simulation and was all over the place on m/c – makes sense since I was so anxious and m/c was the first part. That was a 74. I know now that I could have passed that exam if I could have calmed my nerves. But that's just how it goes! Now I get to kill it this month!! 🙂

    FAR Aug 2012 79
    AUD Oct 2012 84
    REG Aug 2013 87
    BEC Jan 2013 80

    #439291
    Heidi-O
    Member

    @icanhazcpa You are talking about like kind exchange. Yes, you net the liabilities.

    If it helps, the debt is secured by the asset – you are exchanging your asset (lets say a car) with a secured debt (10,000) for my asset (Car) with a secured debt (3,000). You just got re-leaved of having to pay a $10,000 loan!!! Now you only have to pay a $3,000 loan and you still own a “like kind asset” of a car!! Therefore, you have received boot of $7,000.

    FAR Aug 2012 79
    AUD Oct 2012 84
    REG Aug 2013 87
    BEC Jan 2013 80

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