EVERYONE DOING BEC!

  • Creator
    Topic
  • #829532
    AMGcpa
    Participant

    So it sounds like everyone is getting blind-sided with IT/COSO!?

    Does that mean people aren’t getting much computation problems? I am dreading getting those questions. My exam is Thursday and I can’t stand trying to memorize all of these long formulas!

Viewing 15 replies - 1 through 15 (of 43 total)
  • Author
    Replies
  • #829534
    mtaylo24
    Participant

    I'm in there on Thursday as well, but that's what happened to me last time. But every CPA exam is different, so I would not recommend putting anything off.

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #829535
    AMGcpa
    Participant

    @mtaylo24 true. Let's crush it! Id just rather take chance on getting lots of IT, COSO, and Econ. But we'll see!

    #829541
    mtaylo24
    Participant

    Sounds like a good plan, but the only thing getting crushed is my confidence working these Ninja MCQs Ha! Hoping to turn everything around by Thursday!

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #829542
    AMGcpa
    Participant

    mtaylo24 same here! These things are brutal. The first time I used NINJA MCQ was for audit and I thought it was very relevant to the actual test. I pray to god that that's not the same for BEC. These things are killer.

    #829548
    SchruteBeet
    Participant

    @AMGcpa and @mtaylo24 what are you guys doing for review? I am taking BEC on Wed and I'm only still finishing up the MCQ's for B6. Is it bad that I am not spending 2 weeks to review? I really don't know how to best use my last 48 hours to review. I definitely don't have enough time to review all the concepts again. Any tips? I am using Becker. So far my study method has been: watch lecture videos, take notes, re-read notes, solve MCQs and review flashcards. I've already studied more than 100 hours at this point but I don't think I remember anything!

    #829551
    mtaylo24
    Participant

    @SchruteBeet, I'm just hammering Ninja MCQs this go round, no lectures, and barely reviewing the text. This is my second attempt. My first attempt was with Gleim (lectures, text, and MCQs) and working the Wiley book questions.

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #829552
    Ryan
    Participant

    You should hope for computational problems. I got blindsided by about 30 IT and COSO questions that are in no study material. I flagged 13 in a row on the 2nd testlet and started thinking I was given the wrong test.

    #829558
    AMGcpa
    Participant

    @ryan haha haha holy shit man. I'm sorry about that. None of it was covered in Becker nor NINJA you think!?

    #829559
    AMGcpa
    Participant

    @ryan still not hoping for computational. Those things are too long!

    #829563
    sancasuki
    Participant

    I think I found the absolute worst computational question in Ninja BEC. It's Question #872. Doubt they would put it on the current test. Probably something similar is going to end up on the SIMs in April though.

    #829567
    AMGcpa
    Participant

    How do I pick specific question numbers?

    #829569
    mtaylo24
    Participant

    Did you guys hit the review phase yet? I still have like 600 questions to bang out.

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #829572
    sancasuki
    Participant

    “Custom + Sims

    Questions selected from: “By Number”

    #829575
    sancasuki
    Participant

    Card Bicycle Co. has prepared production and raw materials budgets for next year. At the end of this year, the finished product inventory is expected to include 2,000 bicycles and raw material inventory is expected to include 3,000 bicycle tires. Each finished bicycle requires two tires. The marketing department provided the following data from the sales budget for the first quarter:

    January February March
    ——- ——– ——-
    Expected Bicycle Sales (units) 12,000 16,000 18,000

    The company inventory policy is to have finished product inventory equal to 20% of the following month's sales requirements and raw material equal to 10% of the following month's production requirements. In the January budget for raw materials, how many tires are expected to be purchased?

    A.
    24,200

    B.
    26,120

    C.
    26,600

    D.
    26,680

    ANSWER:

    January production = Jan. sales + Desired ending inventory –
    Beginning inventory
    = 12,000 + (0.20 x 16,000) – 2,000 = 13,200 bicycles

    February production = Feb. sales + Desired ending inventory –
    Beginning inventory
    = 16,000 + (0.20 x 18,000) – (0.20 x 16,000) =
    16,400 bicycles

    January purchases = Production needs + Desired ending inventory –
    Beginning inventory
    = (2 x 13,200) + (0.10 x 2 x 16,400) – 3,000 =
    26,680 tires

    #829576
    Porma Fierles
    Participant

    I am studying too yall, have the test on Tuesday, trending 82 right now but financial mgmt is my beast within the beast.

Viewing 15 replies - 1 through 15 (of 43 total)
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