[jeff]

REG Resources:

Free REG Notes & Audio – https://www.another71.com/cpa-exam-study-plan

REG 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

REG Score Release: https://www.another71.com/cpa-exam-scores-results-release

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

I'm new here and am scheduled to take REG Oct 11th. This will be my 3rd try. Becker study materials have expired so I switched to Wiley TB. Hopefully this will help.

[smsingla]

I am using Wiley text book + lecture CDs. Can anyone suggest, what else should I be buying. This is my first attempt on REG. I m planning to take it on Oct 22nd. Any suggestions will be appreciated.

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[smsingla]

I am using Wiley text book + lecture CDs. Can anyone suggest, what else should I be buying. This is my first attempt on REG. I m planning to take it on Oct 22nd. Any suggestions will be appreciated.

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[Kenada]

Hello smsingla – I would recommend the Ninja Notes 🙂 I have the Ninja Notes and Audio's and I find it really helps.

FAR 05/27/14; 786/110 - Done !

[Kenada]

Hello smsingla – I would recommend the Ninja Notes 🙂 I have the Ninja Notes and Audio's and I find it really helps.

FAR 05/27/14; 786/110 - Done !

[Anonymous]

Why do the practice questions have to be so confusing? I'm finding that I either know the correct answer right off the bat, or am so confused I want to bang my head on my desk.

How do you all deal with trying to find the best answer when the question or even the answers are made to be confusing?

[Anonymous]

Why do the practice questions have to be so confusing? I'm finding that I either know the correct answer right off the bat, or am so confused I want to bang my head on my desk.

How do you all deal with trying to find the best answer when the question or even the answers are made to be confusing?

[Kenada]

Can you give a sample of which question is giving you a hard time? Sometimes it helps to post the question here and someone usually will help you better understand why that answer is correct verses the one you picked

FAR 05/27/14; 786/110 - Done !

[Kenada]

Can you give a sample of which question is giving you a hard time? Sometimes it helps to post the question here and someone usually will help you better understand why that answer is correct verses the one you picked

FAR 05/27/14; 786/110 - Done !

[Anonymous]

Its not just one question. But here is an example

In deciding a controversy involving the question of who has the risk of loss, the court will look primarily to:

A. the insurance coverage of the parties

B. the shipping terms used by the parties

C. Whether title has passed

D. the intent of the parties manifested in the contract.

I chose B, b/c the shipping terms usually determine when the risk of loss passes, right? Nope, the answer was D b/c the UCC rules concerning risk of loss only apply if the parties have not allocated risk of loss in their contract.

Where in the hell is this in the study materials?!!

[Anonymous]

Its not just one question. But here is an example

In deciding a controversy involving the question of who has the risk of loss, the court will look primarily to:

A. the insurance coverage of the parties

B. the shipping terms used by the parties

C. Whether title has passed

D. the intent of the parties manifested in the contract.

I chose B, b/c the shipping terms usually determine when the risk of loss passes, right? Nope, the answer was D b/c the UCC rules concerning risk of loss only apply if the parties have not allocated risk of loss in their contract.

Where in the hell is this in the study materials?!!

[Kenada]

I can feel your pain as I dislike Contacts and Sales..not strong in it and if i said something wrong – hopefully someone else can jump in and correct me. Here go….

By the way I am using Wiley. If you also have the Wiley Book then in the Wiley material (if you are using version 2013) – it's in the module for sales (27) Page 197.

I will try to explain this in my own words:-

When you are considering risk of loss, you would need to look at what the contract agreement is as there are two types of shipping terms used that is important for determining liability or risk of loss for goods lost or damaged in transit from the seller to the buyer.

FOB Shipping or FOB Destination

-FOB Shipping will be as soon as the good are shipped the risk of loss is transferred to the buyer.

-FOB Destination will be the transfer will be moved from shipper to buyer when the good reach the buyers destination.

So its not answer b as its not the shipping terms used by the party (things like you must ship it by air freight or us Fed Ex- that's what i assume that answer means in this question)

It would be answer d as on the contract it would specify which type of FOB the seller and buyer agreed too. Its a better answer than b.

FAR 05/27/14; 786/110 - Done !

[Kenada]

I can feel your pain as I dislike Contacts and Sales..not strong in it and if i said something wrong – hopefully someone else can jump in and correct me. Here go….

By the way I am using Wiley. If you also have the Wiley Book then in the Wiley material (if you are using version 2013) – it's in the module for sales (27) Page 197.

I will try to explain this in my own words:-

When you are considering risk of loss, you would need to look at what the contract agreement is as there are two types of shipping terms used that is important for determining liability or risk of loss for goods lost or damaged in transit from the seller to the buyer.

FOB Shipping or FOB Destination

-FOB Shipping will be as soon as the good are shipped the risk of loss is transferred to the buyer.

-FOB Destination will be the transfer will be moved from shipper to buyer when the good reach the buyers destination.

So its not answer b as its not the shipping terms used by the party (things like you must ship it by air freight or us Fed Ex- that's what i assume that answer means in this question)

It would be answer d as on the contract it would specify which type of FOB the seller and buyer agreed too. Its a better answer than b.

FAR 05/27/14; 786/110 - Done !

[Anonymous]

It seems like whoever wrote the questions and answers are nitpicking. How in the heck are we supposed to study for this test and know all the little nitpicky rules?

I used Becker until my time expired, so now I have the books for Becker and the test bank for Wiley. I do like that Wiley has new questions that I haven't seen but the nitpicky questions are pissing me off.

[Anonymous]

It seems like whoever wrote the questions and answers are nitpicking. How in the heck are we supposed to study for this test and know all the little nitpicky rules?

I used Becker until my time expired, so now I have the books for Becker and the test bank for Wiley. I do like that Wiley has new questions that I haven't seen but the nitpicky questions are pissing me off.

[Author]

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