[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/

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

[Anonymous]

I didn't have to log in – just go to AICPA – CPA exam – sample exam

[REGTaker]

It's fine. I have taken it before so I doubt I would be surprised at the crazy stuff they'll throw at us on the exam. I wonder how wannabe did on her exam today?

[Anonymous]

I didn't see anything from her on the REG exam thread.

[REGTaker]

Me neither. I was expecting an update. She was probably worn out after that test. I'm sure we'll see something tomorrow.

[REGTaker]

I tried doing it without logging in and it let's me click, looks like it's going to start a new tab and then…nothing. I already changed my settings to allow pop ups from that website so I'm not sure why it won't come up. Logging in was a last ditch effort.

[Anonymous]

Ok, I'm going to re-read/write my secured transactions notes. Have a great Thanksgiving! I won't be on tomorrow, but likely will be around Friday – my parents are taking my kids for the day, since my husband has to work.

[REGTaker]

Hahaha. I just noticed that there was a weird icon in my application bar. It's the pop up to run the software. be back soon. 🙂

[REGTaker]

I'll be on Friday as well. My brother is taking my kids for the day. Have a great Thanksgiving!

[REGTaker]

Well that was enlightening. I only got 3 out of 5 of the MCQ right and for the sims I got 2 of them 100% correct–the research one and the completion of a tax form. I missed half of the one to assign the correct deductibility level to the expenses of a c-corp and an s-corp and I missed 1/3 of the correct MACRS depreciation calculations for a new business.

[Anonymous]

I got all the MCQs correct, but did the same as you on the SIMs.

[REGTaker]

Yeah. However, on the real exam I will use the AL for every SIM, not just the research one. I just didn't have the energy tonight. That should make things a little better for both of us. 🙂

[terryharm]

What is the Link to the AICPA practice exam, I have clicked on the take practice but it only has 4 or 5 questions it isn't a full exam Is there another link.?

BEC: 81
FAR: 75
AUD: 81
REG: 85

PA license Pending..

[terryharm]

Next question, Basis Tax Basis, what does this mean?

BEC: 81
FAR: 75
AUD: 81
REG: 85

PA license Pending..

[REGTaker]

The practice exam at AICPA has 5 MCQ and 4 SIMS. It is not a full exam. it is just to give you an idea of the kind of questions you will see on the exam.

I don't know what BASIS TAX BASIS is. Can you put the whole sentence or problem that states that so I may understand the context.

[Svitlana85]

A CPA who fraudulently performs an audit of a corporation's financial statements will

A. Probably be liable to any person who suffered a loss as a result of the fraud.

B. Be liable only to the corporation and to third parties who are members of a class of intended users of the financial statements.

C. Probably be liable to the corporation even though its management was aware of the fraud and did not rely on the financial statements.

D. Be liable only to third parties in privity of contract with the CPA.

I picked B because my text says always go with Restatement if approach is named. Can someone please explain why it is not B?

Thank you!

CPA Excel/Wiley/Ninja Notes/MCQs

FAR Feb 2014 85
AUD Aug 2014 88
BEC Nov 2014 85
REG Feb 2015 71 Retake April 16, 2015

[Author]

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