[jeff]

BEC is out. Hopefully it is not too much longer for us! Sadly, REG always seems to be last :-/

[Jason]

Patrick,

that is exactly what a different guy i know said. 3 to 4 questions on business law. I went through all the note cards, I believe I'm set there just going to study tax till my exam on the 3rd. A different friend of mine said to go back through chapter 1 of Bec where it talks about LLCs, LLPs, LP, and GP because it is on reg. any truth to this?

Also, Jeff posted the predictions for Reg already it's august 24th for us.

FAR 81, BEC 75, AUDIT 92 ,Reg 88

[Anonymous]

@Jason– I had very, very few business law questions. Parts that were “sure to be on the exam” per the lectures, etc. etc., were not even covered. As long as you're familiar with the basics, I think you'll be just fine on the law portion of the exam.

[MJP]

and I thought I was the only one who was blown off by the REG exam! I took it last July 8. First testlest was a breeze but the 2nd one blew my mind off! Questions were really tricky and hard! The 3rd one went ok but not as easy as the 1st. With the sims, I had topics which I wouldn't have imagined to be tested! These were things which were not even discussed thoroughly in review books. At the least, they were mentioned in a very short sentence or side/footnote. whew!

BEC - 85 | AUD - 92 | FAR - 95 | REG - 87

[Anonymous]

@mjp- That was my test-taking experience to a”t.” I cannot wait until we see the scores, considering the majority of us feel that way. Could be a good thing, could be a bad thing; I guess we'll find out.

[whitesoxfancpa]

I'm hoping the questions you guys are talking about turn out to be pretest questions!

AUD 96 FAR 95 REG 94 BEC 88

[Patrick]

Jason – I have never heard of having ot know the different business entity types on REG, except for the obvious differences that are discussed in relation to s-corps, c-corps and partnerships as far as taxation goes. Haven't heard anyone talk about LLP's, LLC's or LP's much on REG, but then again, who knows, they could throw you a change-up.

August 24th, thats crazy, I take BEC on the 23rd….

AUD - PASSED
REG - PASSED
BEC - PASSED
FAR - WAITING!!!

[Anonymous]

@Patrick- I would say as long as one knows which are “pass through” entities for taxation purposes, that would be sufficient. I don't recall a single question on REG that required me to differentiate between the LLP/LLC/LP/etc. And yeah, the wait is going to be killer.

[Patrick]

I agree, I think you need to be able to differentiate between pass through entities, but you also need to know the tax consequences of changing from c-corp to s-corp and the effect of transferring assets and accumulated earnings. LLP/LLC/LP not covered on my exam or anyone else I have talked with.

AUD - PASSED
REG - PASSED
BEC - PASSED
FAR - WAITING!!!

[MJP]

@Doc, yeah i agree! Btw what would it mean if we got new sim?

BEC - 85 | AUD - 92 | FAR - 95 | REG - 87

[Anonymous]

It would mean that you would be in “Wave 2” of the score releases. And that would mean waiting a few weeks longer for your scores. Worse yet, if you took the exam July 1st/2nd and had a new sim, you could possibly wait a tad over two months for a score release.

[rash]

Wow. reading all these posts are making me nervous. 12 days to go for my exam….

Aud- Pass, BEC- Pass, FAR- Pass, REG- Pass.... Done!

[Anonymous]

Hey everyone. i have my test next friday and i have some questions for the Becker users out there who have taken the exam. I have passed far and did use the flashcards much because they are all in accounting language and not regular english, would you recommend them for REG?

Also, how much Blaw is on the exam because the book makes it seam to be 30-40% but i see posts of people saying they only had a few questions? Should i basically stop studying business law since i have most of the major topics down pretty well and focus only on tax for the res of my time?

Also, has anyone ever heard of or had a business law section in the simulation?

Are the questions on the actual exam a lot harder than the HW questions in becker? because i seem to get somewhere between 75-90 on all the progress quizzed ive been taking but did horrible on the practice exam because it asked questions about stuff i have never seen a question on like the hope scholarship calculation and another on section 179 assets. Should I maybe focus more on the supplemental questions since they seem to be more involved, because with FAR it seemed the the questions were even more straight forward than the regular hw and way easier than the supplementals but based on this preactice exam it appears it might be the opposite for reg. am i right about this?

Lastly how important is the AMT, I know the examption formula but the adjustments and preference mnemonics are just insane?

Any insight would truly help. Goodluck to anyone and thank you for any response.

And sorry for the long read but please help me with any of these questions you can.

[Anonymous]

i meant to say DIDNT use the flashcards much for FAR by the way

[Anonymous]

In my experience with REG, Becker's questions were much more detailed/difficult than the calculations I saw on the actual exam. I would definitely be familiar with the AMT mnemonic and the exemption formula, and it sure wouldn't hurt to know the Section 179 stuff. If you're good with business law, I would recommend looking at the tax stuff that you're weak on or don't know as well; that is not to say to blow off the business law completely, but just concentrate on what you are weak on right now. Before the exam, I would skim your law notes/book one last time to make sure you've got it all.

[Patrick]

Haven't ever had any experience with the flashcards, so I won't comment on that. As for B-Law, it has been discussed in this forum as you mentioned. Doesn't seem to be heavily tested in most people's case. My instructor mentioned that he has never heard of any student getting a B-Law simulation, though there are a few practice ones on your Becker CD. As for AMT, I would certainly know the preferences and adjustments. There really aren't that many to memorize when you look at the list. A few of my co-workers have had AMT simulations and knowing these items if you got one would be crucial. As for homework difficulty vs practice exam difficulty on Becker, I scored pretty evenly on both when I did them, but felt that the practice exams went into more detail. I went through all the homework until I had gotten all questions right, then moved on to supplemental questions and did the same, and then took progress tests and then the final exams, so I was pretty built up by the time I did the final exams.

AUD - PASSED
REG - PASSED
BEC - PASSED
FAR - WAITING!!!

[Author]

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