[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/

[wallybally]

Oops. I meant that the amount of AE&P distributed should be the amount left over at distribution on 3/31, which is 58k- 6k = 52k.

FAR - 86 (July 2014)
AUD - 85 (Aug 2014)
REG - 80 (Oct 2014)
BEC - 81 (Nov 2014)

I'm done!!!!

[rzrbkfaith]

@wallybally – make sure you read the question carefully. They are asking you to allocate the distribution to current earnings, accumulated earnings and then figure any excess. You allocate distributions to current earnings on a pro rata (proportional) basis, not based on the date of the distribution, but instead on the amount of the distributions. This is just one of those quirky rules.

You then allocate the remaining distribution to the accumulated earnings until they are all used up. Anything remaining is an excess distribution.

AUD - 99
BEC - 97
REG - 91
FAR - 1/8/16

[wallybally]

@rzrbkfaith – Thanks!!! I just looked over my school notes. You're totally right. I got confused with when there's a negative CE&P and a positive AE&P.

FAR - 86 (July 2014)
AUD - 85 (Aug 2014)
REG - 80 (Oct 2014)
BEC - 81 (Nov 2014)

I'm done!!!!

[leglock]

when the total distribution is in excess of current and accum eand p, you have to apply current to the distributions based on a pro rata.

So in your example, the total distirubtion was 91,000 and current and accum total only 85. So, your current was 24,000 and total distrib was 91,000. 24000/91000 = .26373

So your first distrubtion was 58000. What percentage of this is from current? 58000 x .26373 = $15,296. So from Accum, it's 58000 – 15296 = 42703.

You only need to apply this pro rata rule when distribution is in excss of current + accum

[MAGGIE1234]

I am planning to use NINJA series for my second attempt… Does anyone know whether it would be adequate enough for passing the exam, or any suggestions??? (First attempt using Becker, but only finished tax lectures and no exercises done because of BEC preparation T.T)

AUD - 69,95
BEC - 86
FAR - 82
REG - 56,82

I finally made it!!!!!Thank YOU!!!!!!!!

[How many letters do you need]

Good luck mama & amay! I'll be in AUD this quarter but I'll stick my nose in here occasionally to see how you are all doing. Kill this thing, let's all wrap up this CPA silliness in Q4!

MBA,CMA,CPA, CFF?, ABV?

[Anonymous]

@maggie

What do you mean when you say no exercises? You didn't do any mcq and/or sims? Personally I'm going to read the whole book.. Take notes. Do the becker hw once then start ninja and hopefully make it to adaptive phase. I don't think doing the becker hw more than once is helpful because you start to memorize the answer. I think it's better to use a new set of mcq like ninja. Plus ninja has adaptive learning which will hone in on your weak areas.

[MAGGIE1234]

@cpa8488

Thank you sooooooo much for your suggestions!!!! btw, I definitely agree with you about the memorizing thing of becker hw answers….

MCQ SIM GO GO GO!!!!!! =] All the best to everyone~~~~~

AUD - 69,95
BEC - 86
FAR - 82
REG - 56,82

I finally made it!!!!!Thank YOU!!!!!!!!

[WANNABE_CPA]

hi everyone…so i just passed BEC and i am now left with Reg and Audit…i am planning to take Regulation first around end of November and audit later in Feb 2015.

This is my first time ever to study Taxation in US. lol so i am nervous..i ve heard its close to FAR in difficulty and material… so i am hoping for good strategy so its done in one go..

I am using Becker and might buy Ninja mcqs in a month so i can do extra practice on mcqs.

Please suggest how i should go about it and i will get close to 10 weeks..is it enough for REG first time?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Anonymous]

Many people have not taken more than one or two tax classes. The material will teach you what you need to pass so don't worry about that. 10 weeks is way to much… How long did you study for far? I'm using becker and far was 10 chapters reg is 8. If you study for too long you will forget stuff and risk getting burnt out. Your better off keeping it around 6 weeks.

[Mamabear]

I only took one tax class a few years ago. Individual tax and it was my strong topic on the exam, but I know I could have passed it if I had approached my studies differently. You can do it. Try to get in around 150-200 hours no matter how many weeks you put it in.

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]

Unfortunately I'm back in for a retake! Anyone have any advice for going over material again? I'm planning on reading my book/notes simultaneously and then cramming MCQ's like nobody's business.

[michaelrd]

Are the REG Ninja Notes and Ninja Audios updated for the post-July 2014 exam?

I noticed that the sample Ch. 1: Individual Taxation was for the 2013 tax laws.

Thanks for your input!

[linkman311]

Alright just one more left can't wait to slay this final beast! Lets gooooooooooo!

Confidence is a prerequisite for success

FAR - 1/1
AUD - 1/1
BEC - 1/1
REG - Q4

Have Becker, wish I got Roger

[Mamabear]

@michealrd–they are updated. Just resend your receipt to jeff and he'll shoot you the new files.

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!!

[Author]

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