[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

[Tax lady]

@ Determined it's one year from the date of formation of the contract

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Anonymous]

Thanks Tax Lady!

[Mamabear]

So just in case you guys were wondering…my score report was a bit of a shocker. I was pretty sure I knew professional responsibilities and property transactions really well. My prediction was:

“I predict weaker in SIMS and comparable on MCQ. I don't know how it breaks down the topics, but I predict stronger in Business Law, weaker in individual tax, comparable in corporate tax. I don't put too much faith in the score reports, but since I'm not studying again for a while–just finding something interesting to discuss after my fail.”

Actual:

Weaker in MCQ

Weaker in SIMS

Comparable in Business Law

Stronger in Individual Tax

Weaker in Ethics and Legal Responsibilities, Taxation of Entities, Taxation of Property Transactions, and the Federal Tax Process.

So basically I bombed the $hit out of this test. 🙂

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Tax lady]

@Mama I'm sorry you are having to retake this. I was hoping for the best for you. How do you plan on re-studying? Are you going to start from scratch or just hit your weaker areas. I just got through Corp tax and I find this really confusing for some reason. Maybe because there are so many areas that I don't use in my job? I'm really stressed but hopefully a lot of this info will click once I start reviewing this weekend.

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Qlad]

@mamabear….don't stress urself out…direct this anger into studies…don't totally leave it, if possible…just do the progress tests of minimum questions that u can, everyday…that way u won't forget the material…u said well that not to have much trust on reports that they send…i gave this exam 3 times and in the last 2 times ..my report shows either comparable or strong on every topic …also strong on mcq but weak in sims and they fail me by 1 point every time…result day has been a disaster for me since the beginning of this year…still strong in my faith till now ‘n seeking help from friends on this forum, hoping that a good result day will be here before it's too late..

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Mamabear]

Thanks Tax Lady! I'm going to start from scratch. You can do this! It is your first test and you are probably nervous about the amount of material, but I am telling you that you are doing it the right way by knocking out the big guys first. And you're not burnt out yet. My failing was because I slacked off on how I studied. I didn't do what I knew worked, probably because I got cocky with my first time pass on FAR. It wasn't smart and I won't be making the same mistake again.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Mamabear]

Thanks Qlad–I'm not angry at all. I know I screwed up. I memorized questions instead of actually knowing the material. I didn't utilize flashcards and audio as much as I should have. I will be starting over from scratch and I will approach my retake completely different. I am saving the progress tests and quizzing until I feel better about the material so I can actually get a good read on what I do/do not know before I go into the exam. Thanks for the advice!

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[WannaBeDone]

Hi everyone, this is my first time posting in this forum so hopefully everyone will be able to give me some good pointers about the two exams that I have remaining (REG and BEC).

I am taking the REG exam next Monday 8/11. So far the studying is going pretty good but I've been noticing, and I noticed this when I took FAR in May also, that I seem to have a better time with the conceptual questions than with certain calculations. Those of you who have already taken the exam during this window, did you find that it had about the same amount of calculation questions and simulations that you expected, or did it have more, less, etc.?

AUD - 83 (Feb 2014)
FAR - 84 (May 2014)
BEC - 78 (Oct 2014)
REG - 72 (Aug 2014), 76 (Nov 2014) DONE!!!!

[How many letters do you need]

Mamabear: yeah you pretty much bombed the $ hit out of REG but that's not important anymore because it's in the past. The reason I know you are going to pass in Q4 is because you are approaching your fail the right way. You know what you did wrong…you are correcting your study methods and attacking full force. It seems thinking back that you were considering Q3 a recon mission anyway….you somehow knew you wouldn't be ready yet couldn't push it back because of the stupid NTS expiration. All of that will be different in Q4. On top of that you have the experience of having taken it once. Kill it in Q4!

MBA,CMA,CPA, CFF?, ABV?

[Mamabear]

@howmany–Good memory! Yeah, I couldn't push my test back, but I still think I had enough time if I had just approached it a different way. I made some really dumb judgement calls while I was studying. I will kill it in Q4! Thanks!

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Anonymous]

Hey everyone! I took REG back in July and just thought I'd give you a heads up when it comes to the SIMs. One thing that surprised me was the need to know the basic flow of the tax forms. I've had multiple friends (including myself) leaving the test wishing I had a better general overview of the flow and purpose of tax forms. Not necessarily the specific tax form numbers but how certain things are included and computed on the form at a very general level. I would certainly reiterate what others have said that the SIMs are almost entirely tax. If you have a week left, I'd say 4 days of tax review and 1 of BLaw.

[Anonymous]

If you count the gain from selling a capital asset held for less than 1 year as ordinary income, and if longer than 1 year as capital gain or loss, then what is the point of having a “short term capital gain or loss” classification?

[Anonymous]

Hi all. What phage -outs have you guys studied?

Also, I have heard becker does not prepare us enough on CPA liability section. Any thoughts on this would be appreciated.

[Qlad]

A,B and C formed a Corp…where A rendered services and recieved 10% of stock.

B (20%) gave mchinery with basis 5000 FMV 20000

C (70%) land Basis 60000 and FMV 70000.

What is the gain of C in this transaction.

The answer is 0 as the property transfer was in exchange of Stock only and B and C were in control of the Corp. immediately after transfer…

I want to clear my doubt about …if % of B and C together was less than 80% …then what wud be the Gain of C and wud it be Capital gain?…cud someone pls help understand this concept…thanks a lot

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[How many letters do you need]

Edit because now Im not sure. I thought If less than 80% the gain would be the difference between the FMV and the basis. What if the FMV of stock received <> FMV of property. Would it be the difference between FMV of stock received and basis of property? Not much help sorry! Haha

MBA,CMA,CPA, CFF?, ABV?

[Author]

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