[AndrewE]

Taking FAR, in 2 weeks and wondering what is a good trending score? I have used Becker all summer and studied a chapter a week for the last 10 weeks. I found whenever I used Ninja MCQ to review or supplement it increased my chances of passing.

I took the first Mock Exam in Becker yesterday ( MCQ: 61% Sims: 79% Total: 72%) and planning to take the second one in a week.

BEC – 77 (Becker)
AUD – 70 (Becker) , 75 (Becker + Ninja MCQ)
REG – 73 (Becker + Ninja Audio), 81 (Becker + Ninja MCQ & Audio)
FAR – 9/10 (Becker + Ninja Audio + Ninja MCQ)

[9999]

THe way scores are calculated in becker are very different than the actual AICPA grading

For BEC I got 43 on Becker mock exams and then i scored 80 on the actual exam

[AndrewE]

@9999 yeah I know, I take it with a grain of salt but it is a decent indication of where you're headed

[Anonymous]

I have my own rule of thumb for Becker. There is no science behind it, but if you can consistently get 70% on progress tests with all chapters, and can get in the low 70% on the MCQ for Becker Mock exams, you are going to pass Far easily. That means you know the material well enough to not fall into the tricks Becker likes. Becker's questions are harder than the real exam. If you know the tricks, you also know the details and ins and outs, which means the Sims shouldnt be bad.

The real exam is not here to trick you. It's not that vague (some people here over exaggerate).

[AndrewE]

@benjamin17 Yeah I believe the 70% threshold holds weight, I don't use Becker for final review weeks cause by the time I've gotten to the end of the material I memorized questions, so I just use it for sim practice and mock exams. Each time I supplemented with Ninja MCQ I passed. That's what I am looking to do this time (first try) hopefully.

[lampy44]

Hey guys! I am also studying FAR right now and came across a questions in Becker, I just cant understand. Any help would be greatly appreciated!! Questions CPA-04219

A company with a June 30 fiscal year and entered into $3,000,000 construction project April 1 to be completed on September 30. The cumulative CIP balances : April 30, May 31 and June 30 were $500,000, $800,000 and $1,500,000. The interest rate on company debt used to finance as 5% April 1 through June 30 and 6%. From July through September 30. Assuming the asset is placed in service on October 1 what amount of interest should be capitalized on the project in June 30?

Anwer is $11,666

I understand that you must apply the interest rate of 5% to all the expenses but I dont understand the capitalization only on the accumulated construction. It says the $1.5 wasn't accumulated until June and the interests costs related to April and May are based on accumulated costs to those months.

[IwannabeaCPA2017]

@am, first off you have to know that you should capitalize any interest you incur during the construction period.. hence the 5% is used. Then you just take each amount multiply by 5% divide by 12 and the total should be 11,666.
Another way is to find the WAAE.. which I think is the concept behind this question

[Author]

Replies